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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended 130 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2022
Cash flows from operating activities:        
Net loss $ (368,198) $ (523,837) $ (444,440)  
Adjustments to reconcile net loss to net cash used in operating activities:        
Non-cash royalty revenue related to the sales of future royalties (69,794) (77,746) (48,563) $ (403,245)
Non-cash interest expense on liabilities related to sales of future royalties 28,911 47,313 30,267 273,184
Loss on revaluation of liability related to the sale of future royalties 0 24,410 0  
Change in fair value of development derivative liability (33,427) 8,023 0  
Non-cash research and development expense 4,951 16,703 0  
Stock-based compensation 57,320 94,674 94,261  
Depreciation and amortization 13,030 14,146 14,182  
Deferred income tax expense 2,708 (102) (36)  
Impairment of right-of-use assets and property, plant and equipment 65,761 0 0  
(Gain) loss on sale or disposal of property, plant and equipment, net (3,326) 0 0  
Impairment of advance payments to contract manufacturers and equipment for terminated program 0 0 20,351  
Amortization of premiums (discounts), net and other non-cash transactions (2,435) 6,730 3,943  
Changes in operating assets and liabilities:        
Accounts receivable 16,511 12,397 1,913  
Inventory (3,401) (509) (2,627)  
Operating leases, net (2,680) 2,340 2,743  
Other assets 6,906 (2,586) 4,512  
Accounts payable 3,103 (11,690) 2,382  
Accrued compensation (6,153) 1,203 4,697  
Other accrued expenses (12,734) (23,524) 8,644  
Deferred revenue (1,060) (605) (5,516)  
Net cash used in operating activities (304,007) (412,660) (313,287)  
Cash flows from investing activities:        
Purchases of investments (467,914) (960,689) (987,533)  
Maturities of investments 826,229 1,166,951 1,449,304  
Sales of investments 0 11,504 41,700  
Purchases of property, plant and equipment (5,676) (14,989) (7,258)  
Sales of property, plant and equipment 13,196 0 0  
Net cash provided by investing activities 365,835 202,777 496,213  
Cash flows from financing activities:        
Proceeds from sale of future royalties, net of $3.8 million of transaction costs 0 0 146,250  
Repayment of senior notes 0 0 (250,000)  
Cash receipts from development derivative liability 750 3,000 0  
Proceeds from shares issued under equity compensation plans 758 33,238 23,396  
Net cash provided by (used in) financing activities 1,508 36,238 (80,354)  
Effect of foreign exchange rates on cash and cash equivalents (327) (92) 20  
Net increase (decrease) in cash and cash equivalents 63,009 (173,737) 102,592  
Cash and cash equivalents at beginning of year 25,218 198,955 96,363  
Cash and cash equivalents at end of year 88,227 25,218 198,955 $ 88,227
Supplemental disclosure of cash flow information:        
Cash paid for interest 0 0 9,742  
Cash paid for income taxes 272 325 539  
Operating lease right-of-use assets recognized in exchange for lease liabilities 0 1,057 2,133  
Accounts receivable recognized in exchange for long-term liabilities $ 0 $ 0 $ 4,000