XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows Statement - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) including noncontrolling interests in operating subsidiaries $ (93,481,000) $ 131,984,000
Adjustments to reconcile net loss including noncontrolling interests in operating subsidiaries to net cash provided by operating activities:    
Gain on Conversion of Loan and Accrued Interest 0 2,671,000
Gain on exercise of Primary Warrant 0 (4,616,000)
Change in fair value of investment, net 52,127,000 (146,281,000)
Loss on Sale of Investments (5,539,000) 0
Depreciation and amortization 15,582,000 16,780,000
Non-cash stock compensation 172,000 13,068,000
Impairment of Intangible Assets (Excluding Goodwill) 29,210,000 2,248,000
Other (506,000) (473,000)
Changes in assets and liabilities:    
Accounts receivable (5,877,000) 26,450,000
Prepaid expenses and other assets (183,000) (874,000)
Accounts payable and accrued expenses 1,052,000 (6,608,000)
Royalties and contingent legal fees payable 3,864,000 5,916,000
Net cash provided by operating activities 7,499,000 34,923,000
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired 10,440,000 0
Payments to Acquire Other Investments (7,000,000) (31,514,000)
Advances to Investee 0 (4,000,000)
Purchase of available-for-sale investments (65,883,000) (424,945,000)
Maturities and sale of available-for-sale investments 32,508,000 386,920,000
Net cash provided by (used in) investing activities (29,935,000) (73,539,000)
Cash flows from financing activities:    
Repurchase of common stock (4,634,000) 0
Repurchased Restricted Common Stock 229,000 35,000
Proceeds from exercises of stock options 257,000 680,000
Net cash used in financing activities (4,606,000) 645,000
Increase (decrease) in cash and cash equivalents (27,042,000) (37,971,000)
Cash and cash equivalents, beginning 136,604,000 139,052,000
Cash and cash equivalents, ending $ 109,562,000 $ 101,081,000