| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash used in operating activities | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
-108,300 | -126,710 | -52,870 | -23,009 | -4,071 | - | - | - | -17,539 | 99,434 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||||||||
Depreciation | |||||||||
1,700 | 2,000 | 264 | 576 | 891 | - | - | - | - | 1,403 |
Amortization of intangible assets | |||||||||
25,100 | 25,052 | 2,134 | 0 | 0 | - | - | - | - | - |
Write-down of fixed assets, investments and deposit | |||||||||
- | - | - | - | - | - | - | - | - | 448 |
Stock-based compensation | |||||||||
3,060 | 4,537 | 797 | 2,330 | 1,453 | 599 | 5,751 | 2,973 | 2,494 | 2,161 |
Non-cash interest expense | |||||||||
39,670 | 32,954 | 2,676 | 0 | 0 | - | - | - | - | - |
Net loss and comprehensive loss | |||||||||
- | - | - | - | - | -24,871 | - | - | - | - |
Net loss and comprehensive loss | |||||||||
- | - | - | - | - | - | 45,698 | -30,416 | - | - |
Depreciation | |||||||||
- | - | - | - | - | 964 | 1,254 | 1,433 | - | - |
Depreciation | |||||||||
- | - | - | - | - | - | - | - | 1,202 | - |
Provision for inventory excess and obsolescence | |||||||||
2,100 | 18,800 | 0 | 0 | - | - | - | - | - | 8,114 |
Unrealized foreign exchange loss (gain) | |||||||||
-2,925 | 832 | - | - | - | - | - | - | - | - |
Amortization of debt issuance costs and debt discount | |||||||||
3,132 | 0 | - | - | - | - | - | - | - | - |
Fair value change in contingent consideration | |||||||||
- | - | -2,042 | 0 | -2,000 | - | - | - | - | - |
Unrealized foreign exchange (gain) loss | |||||||||
- | - | 118 | -120 | - | - | - | - | - | - |
Unrealized foreign exchange loss | |||||||||
- | - | - | - | -75 | -254 | -166 | -131 | 331 | -2,290 |
Fair value loss on investment | |||||||||
- | - | -10,704 | 0 | 0 | - | - | - | - | - |
Recovery on assets held for sale | |||||||||
- | - | - | - | - | 153 | 0 | - | - | - |
Gain on sale of discontinued operations (Note 12) | |||||||||
- | - | - | - | - | 1,053 | 101,412 | - | - | - |
Deferred income taxes | |||||||||
- | - | - | - | - | - | - | - | - | -5,510 |
Loss on sale of long-lived assets | |||||||||
- | - | - | - | - | 221 | 45 | 269 | 425 | - |
Fair value loss on investment | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Deferred income taxes | |||||||||
857 | 138 | -214 | 18 | -177 | - | - | - | - | - |
Other non-cash operating activities | |||||||||
-3 | 83 | 50 | -25 | - | - | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||
-4,300 | 0 | - | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||
- | - | - | - | - | -730 | -1,779 | -3,661 | -12,872 | - |
Impairment of long-lived assets | |||||||||
- | - | - | - | 0 | 64 | 1,056 | - | - | - |
Fair value change in contingent consideration (Notes 7, 14) | |||||||||
- | - | - | - | - | -1,273 | 0 | - | - | - |
Changes in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
6,745 | 12,852 | 893 | -10 | -73 | -2,306 | -6,777 | -1,029 | 1,186 | -8,143 |
Inventories | |||||||||
1,700 | -6,081 | -2,079 | 0 | 0 | - | -361 | -2,118 | -1,006 | 833 |
Interest on restricted cash | |||||||||
- | - | - | - | - | - | - | - | - | 295 |
Secured note receivable - current | |||||||||
- | - | - | - | - | - | - | - | 741 | 250 |
Prepaid expenses and other assets | |||||||||
4,380 | -19,541 | -705 | -442 | -810 | 421 | -888 | -2,139 | - | - |
Gain on sale of discontinued operations | |||||||||
- | - | - | - | - | - | - | - | - | 107,363 |
Appeal bond collateral | |||||||||
- | - | - | - | - | - | - | - | - | -124,622 |
Long-term deposits and other assets | |||||||||
- | - | - | - | - | - | - | - | -3,115 | -5,599 |
Accounts payable | |||||||||
-10,720 | -3,932 | 4,441 | -184 | -607 | -2,916 | 310 | 236 | 2,040 | -1,920 |
Accrued liabilities and other liabilities | |||||||||
-6,449 | -19,823 | -6,389 | 603 | 108 | - | - | - | - | - |
Accrued restructuring | |||||||||
- | - | - | - | -130 | -1,803 | 1,954 | - | - | -743 |
Income taxes receivable/payable | |||||||||
- | - | - | - | 30 | - | - | - | - | - |
Deferred income | |||||||||
- | - | - | - | - | - | - | - | -4,244 | -1,723 |
Other accrued liabilities | |||||||||
- | - | - | - | - | - | - | - | - | -124,306 |
Net Cash Provided by (Used in) Operating Activities | |||||||||
-55,500 | -54,899 | -34,356 | -19,359 | 455 | -25,817 | -41,580 | -16,578 | 4,449 | 56,642 |
Cash used in investing activities | |||||||||
Net proceeds from sale of discontinued operations (Note 12) | |||||||||
- | - | - | - | - | 8,486 | 101,461 | - | - | - |
Net proceeds from sale of investment in QLT USA | |||||||||
- | - | - | - | - | - | - | - | 10,000 | 16,477 |
Purchases of property and equipment | |||||||||
442 | 754 | 155 | 9 | 25 | 223 | 892 | 3,317 | 1,589 | 1,094 |
Cash acquired in Merger | |||||||||
- | - | 28,290 | 0 | 0 | - | - | - | - | - |
Loan receivable | |||||||||
- | - | 3,000 | 0 | - | - | - | - | - | - |
Cash consideration for acquisition - loan to Aegerion (Note 5) | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Income taxes receivable | |||||||||
- | - | - | - | - | 478 | -265 | -937 | 5,553 | 47,371 |
Accrued liabilities | |||||||||
- | - | - | - | - | -1,047 | -5,852 | 1,324 | 633 | - |
Net proceeds from sale of long-lived assets | |||||||||
- | - | 192 | 43 | 115 | 102 | 767 | 19 | 108 | 116 |
Net proceeds from sale of other assets | |||||||||
- | - | - | - | - | - | - | - | 317 | - |
Proceeds from mortgage receivable | |||||||||
- | - | - | - | - | - | 5,874 | 2,004 | 3,822 | - |
Proceeds from contingent consideration (Notes 16) | |||||||||
- | - | - | - | 36,582 | 34,599 | 28,845 | 30,641 | 20,490 | 5,162 |
Other | |||||||||
- | - | - | - | - | -66 | 0 | - | - | - |
Net cash used in investing activities | |||||||||
-442 | -754 | 25,327 | 34 | 36,672 | 43,030 | 136,055 | 29,347 | 33,148 | 20,661 |
Cash provided by financing activities | |||||||||
Net proceeds from loan facilities | |||||||||
70,000 | 0 | - | - | - | - | - | - | - | - |
Issuance of common shares | |||||||||
354 | 109 | 21,481 | 5,508 | 509 | 8,317 | 20,417 | 2,182 | 910 | 125 |
Repayment of Shareholder Term Loans | |||||||||
20,000 | 0 | - | - | - | - | - | - | - | - |
Payment of Shareholder Term Loan issuance costs | |||||||||
2,966 | 0 | - | - | - | - | - | - | - | - |
Common shares repurchased, including fees | |||||||||
- | - | - | - | - | 14,079 | 13,096 | 18,839 | 17,246 | 55,911 |
Cash distribution to common shareholders | |||||||||
- | - | 15,000 | 0 | 0 | 200,000 | 0 | - | - | - |
Settlement of Backstop Agreement | |||||||||
- | - | 15,000 | 0 | 0 | - | - | - | - | - |
Aralez investment | |||||||||
- | - | 45,000 | 0 | 0 | - | - | - | - | - |
Net cash (used in) provided by financing activities | |||||||||
47,388 | 109 | -23,519 | 5,508 | 509 | -205,762 | - | -16,657 | -16,336 | -55,786 |
Net cash provided by (used in) financing activities | |||||||||
- | - | - | - | - | - | 7,321 | - | - | - |
Exchange rate effect on cash | |||||||||
-1,756 | 2,047 | -349 | -267 | -249 | -314 | -9 | 7 | 103 | 1,202 |
Net decrease in cash and cash equivalents | |||||||||
-10,276 | -53,497 | -32,897 | -14,084 | 37,387 | -188,863 | 101,787 | -3,881 | 21,364 | 22,719 |
Supplemental disclosures of cash flow information | |||||||||
Cash paid for interest | |||||||||
8,182 | 6,500 | 33 | 0 | 0 | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | - | - | - | - | - | 0 | 1,832 |
Cash paid for taxes, net | |||||||||
42 | 1,671 | 105 | 0 | 0 | 0 | 392 | 994 | 2,002 | 6,305 |
Non-cash investing activities | |||||||||
Shares issued in the acquisition (Note 5) | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Convertible notes of Aegerion, at fair value (Note 10) | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Non-cash investing activities and financing activities: | |||||||||
Purchases of property and equipment included in accounts payable | |||||||||
10 | 122 | 61 | 0 | 0 | - | - | - | - | - |
Non-cash financing activities | |||||||||
Refinance from Roll Up Loans | |||||||||
22,500 | 0 | - | - | - | - | - | - | - | - |
Retirement of Convertible Notes | |||||||||
22,500 | 0 | - | - | - | - | - | - | - | - |