XML 21 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows Statement (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income including noncontrolling interests in operating subsidiaries $ 49,653,000 $ 13,556,000
Adjustments to reconcile net income including noncontrolling interests in operating subsidiaries to net cash provided by operating activities:    
Depreciation and amortization 5,158,000 3,794,000
Non-cash stock compensation 5,090,000 2,901,000
Valuation Allowance, Deferred Tax Asset, Change in Amount (10,237,000) 0
Gain on investments 0 (9,000)
Changes in assets and liabilities:    
Accounts receivable 1,635,000 6,789,000
Prepaid expenses and other assets (919,000) (337,000)
Accounts payable and accrued expenses 2,692,000 782,000
Royalties and contingent legal fees payable (9,413,000) 8,976,000
Increase (Decrease) in Deferred Income Taxes 5,293,000 0
Net cash provided by operating activities 48,952,000 36,452,000
Cash flows from investing activities:    
Purchases of property and equipment (24,000) (59,000)
Purchase of available-for-sale investments (144,762,000) 0
Sale of available-for-sale investments 20,000,000 35,000
Payments to Acquire Businesses, Net of Cash Acquired (150,000,000) 0
Patent acquisition costs (2,100,000) (680,000)
Net cash used in investing activities (276,886,000) (704,000)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance costs 219,084,000 175,284,000
Distributions to noncontrolling interests in operating subsidiary 0 (880,000)
Contributions from noncontrolling interests in operating subsidiary 1,920,000 877,000
Excess tax benefits from stock-based compensation 7,611,000 23,000
Proceeds from exercises of stock options 84,000 44,000
Net cash provided by (used in) financing activities 228,699,000 175,348,000
Increase in cash and cash equivalents 765,000 211,096,000
Cash and Cash Equivalents, beginning 314,733,000 102,515,000
Cash and Cash Equivalents, ending $ 315,498,000 $ 313,611,000