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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended 142 Months Ended
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2023
Cash flows from operating activities:          
Net loss   $ (276,056) $ (368,198) $ (523,837)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Non-cash royalty revenue related to the sales of future royalties   (68,921) (69,794) (77,746) $ (472,166)
Non-cash interest expense on liabilities related to sales of future royalties   25,334 28,911 47,313 298,518
Loss on revaluation of liability related to the sale of future royalties   0 0 24,410  
Change in fair value of development derivative liability   0 (33,427) 8,023  
Non-cash research and development expense   0 4,951 16,703  
Stock-based compensation   33,388 57,320 94,674  
Depreciation and amortization   7,815 13,030 14,146  
Deferred income tax expense   (140) 2,708 (102)  
Impairment of right-of-use assets and property, plant and equipment   35,328 65,761 0  
Impairment of goodwill $ 76,500 76,501 0 0  
(Gain) loss on sale or disposal of property, plant and equipment, net   1,300 (3,326) 0  
Provision for inventory obsolescence   2,402 0 0  
Foreign currency translation adjustment   5,099 0 0  
Amortization of premiums (discounts), net and other non-cash transactions   (14,856) (2,435) 6,730  
Changes in operating assets and liabilities:          
Accounts receivable   4,776 16,511 12,397  
Inventory   699 (3,401) (509)  
Operating leases, net   (8,850) (2,680) 2,340  
Other assets   3,583 6,906 (2,586)  
Accounts payable   (2,884) 3,103 (11,690)  
Accrued expenses   (17,124) (19,947) (22,926)  
Net cash used in operating activities   (192,606) (304,007) (412,660)  
Cash flows from investing activities:          
Purchases of investments   (511,699) (467,914) (960,689)  
Maturities of investments   650,883 826,229 1,166,951  
Sales of investments   0 0 11,504  
Purchases of property, plant and equipment   (865) (5,676) (14,989)  
Sales of property, plant and equipment   1,245 13,196 0  
Net cash provided by investing activities   139,564 365,835 202,777  
Cash flows from financing activities:          
Cash receipts from development derivative liability   0 750 3,000  
Proceeds from shares issued under equity compensation plans   30 758 33,238  
Net cash provided by financing activities   30 1,508 36,238  
Effect of foreign exchange rates on cash and cash equivalents   62 (327) (92)  
Net increase (decrease) in cash and cash equivalents   (52,950) 63,009 (173,737)  
Cash and cash equivalents at beginning of year $ 88,227 88,227 25,218 198,955  
Cash and cash equivalents at end of year   35,277 88,227 25,218 $ 35,277
Supplemental disclosure of cash flow information:          
Operating lease right-of-use assets recognized in exchange for lease liabilities   0 0 1,057  
Cash paid for income taxes   $ 2,656 $ 272 $ 325