XML 23 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income (loss) including noncontrolling interests in operating subsidiaries $ (104,848) $ 21,684
Adjustments to reconcile net income (loss) including noncontrolling interests in operating subsidiaries to net cash provided by (used in) operating activities:    
Gain on Conversion of Loan and Accrued Interest 0 (2,671)
Gain on exercise of Primary Warrant 0 (4,616)
Change in fair value of investment 59,103 (42,239)
Loss on Sale of Investments 19,095 0
Depreciation and amortization 27,145 22,243
Non-cash stock compensation (317) 8,885
Impairment of Patent-Related Intangible Assets 28,210 2,248
Other 564 (374)
Changes in assets and liabilities:    
Accounts receivable (28,189) 26,597
Prepaid expenses and other assets (208) (135)
Accounts payable and accrued expenses / costs 963 (6,349)
Royalties and contingent legal fees payable 19,359 (12,307)
Net cash provided by (used in) operating activities 20,877 12,966
Cash flows from investing activities:    
Payments to Acquire Other Investments (7,000) (31,514)
Proceeds from Sale of Other Assets, Investing Activities 19,097 0
Payments to Acquire Notes Receivable 0 (4,000)
Purchase of property and equipment (34) (2)
Purchase of available-for-sale investments (102,769) (448,388)
Sale of available-for-sale investments 66,640 467,790
Net cash provided by (used in) investing activities (24,066) (16,114)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 257 745
Repurchase of restricted common stock (229) (45)
Repurchases of common stock (4,634) 0
Net cash provided by (used in) financing activities (4,606) 700
Increase in cash and cash equivalents (7,795) (2,448)
Cash and cash equivalents, beginning 136,604 139,052
Cash and cash equivalents, ending $ 128,809 $ 136,604