| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||
115,553 | 25,208 | -15,567 | -18,010 | -39,865 | 20,186 | -21,055 | -27,664 | -9,802 | 7,192 | -35,859 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||||
Depreciation of property and equipment | ||||||||||
1,400 | 1,400 | 1,200 | 900 | 582 | 530 | 432 | 633 | 469 | 336 | 442 |
Stock-based compensation | ||||||||||
13,458 | 11,666 | 10,465 | 8,543 | 7,961 | 5,878 | 5,404 | 4,094 | 5,501 | 4,982 | 11,230 |
Loss on disposal of assets | ||||||||||
- | - | - | - | - | - | - | - | - | 23 | - |
Amortization of discounts and premiums on marketable securities | ||||||||||
3,099 | 2,221 | 426 | -62 | -677 | -174 | -155 | -560 | -900 | -212 | -138 |
Intangible asset amortization | ||||||||||
1,505 | 1,527 | 1,750 | 10,933 | 12,972 | 2,254 | 1,495 | 1,495 | 1,495 | 1,495 | 983 |
Deferred income taxes | ||||||||||
-87,767 | 0 | 0 | - | - | - | - | - | 1,821 | -1,821 | - |
Gain on arbitration settlement | ||||||||||
- | - | - | - | - | 77,616 | - | - | - | - | - |
Other non-cash adjustments, net | ||||||||||
-1,785 | -167 | -587 | -542 | -483 | -239 | -104 | - | - | - | - |
Excess tax benefits from exercise of stock options | ||||||||||
- | - | - | - | - | - | - | - | - | 2,892 | - |
Landlord contributions for tenant improvements | ||||||||||
- | - | - | - | - | - | - | 1,826 | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
-2,342 | 11,207 | -2,525 | 4,298 | 12,677 | 1,623 | 863 | -450 | 1,107 | -2,653 | 3,164 |
Prepaid expenses and other assets | ||||||||||
2,764 | 4,258 | -3,652 | 6,159 | 2,558 | 318 | -1,264 | 884 | 1,240 | -250 | 805 |
Accounts payable | ||||||||||
- | - | - | - | - | - | - | -709 | 348 | -1,776 | 1,911 |
Inventory | ||||||||||
722 | -70 | 1,060 | -200 | -387 | 2,210 | - | - | - | -2,399 | 2,399 |
Accounts payable and other liabilities | ||||||||||
3,508 | -618 | 5,953 | 575 | 9,432 | 1,029 | 261 | - | - | - | - |
Product revenue allowances | ||||||||||
761 | 8,223 | -11,096 | -1,426 | 35,055 | 495 | - | - | - | - | - |
Other liabilities | ||||||||||
- | - | - | - | - | - | - | 265 | 424 | -17 | 5 |
Accrued liabilities | ||||||||||
- | - | - | - | - | - | - | 1,806 | 1,836 | -997 | -577 |
Accrued income taxes | ||||||||||
- | - | - | - | - | - | - | - | -2,266 | 3,898 | - |
Deferred licensing revenues | ||||||||||
- | - | - | - | - | -30,572 | -26,789 | -26,789 | -26,789 | -26,789 | 197,431 |
Net cash provided by operating activities | ||||||||||
45,947 | 29,986 | -1,983 | -8,103 | 12,449 | -81,554 | -39,592 | -44,917 | -28,410 | -10,898 | 169,336 |
Cash flows from investing activities | ||||||||||
Acquisition of intangible asset | ||||||||||
0 | 25,000 | 0 | 0 | - | 8,000 | - | - | - | - | 12,000 |
Purchases of property and equipment | ||||||||||
1,019 | 368 | 1,664 | 1,407 | 2,527 | 769 | 176 | 2,017 | 275 | - | - |
Proceeds from sale of property and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | 66 | - |
Purchases of marketable securities | ||||||||||
394,517 | 282,395 | 148,135 | 165,405 | 193,111 | 93,343 | 65,598 | 60,866 | 160,213 | 202,438 | 11,366 |
Proceeds from sale of marketable securities | ||||||||||
- | - | - | - | 999 | 8,948 | - | 2,497 | 8,667 | - | 127 |
Maturities of marketable securities | ||||||||||
327,227 | 198,103 | 139,568 | 156,787 | 168,041 | 80,882 | 31,499 | 106,140 | 226,170 | 46,750 | 18,500 |
Change in restricted cash | ||||||||||
- | - | - | - | - | -245 | - | - | 600 | - | - |
Net cash used in investing activities | ||||||||||
-68,309 | -109,660 | -10,231 | -10,025 | -26,598 | -12,037 | -34,275 | 45,754 | 73,749 | -155,622 | -4,739 |
Cash flows from financing activities | ||||||||||
Proceeds from Issuance of Common Stock | ||||||||||
0 | 100,870 | 0 | 0 | - | 62,313 | 48,505 | - | - | - | - |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | - | 2,892 | - |
Proceeds from Stock Options Exercised | ||||||||||
6,300 | 6,300 | 5,300 | 7,751 | 4,374 | 2,851 | 1,550 | 12 | 25 | 892 | 1,619 |
Tax obligations paid in connection with settlement of restricted stock units | ||||||||||
- | - | - | - | 283 | 436 | 196 | - | - | - | - |
Net cash provided by financing activities | ||||||||||
6,264 | 107,126 | 5,251 | 7,751 | 4,091 | 89,728 | 49,859 | 12 | 25 | 3,784 | 1,619 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||
-1 | -38 | 42 | 5 | - | - | - | - | - | - | - |
Net change in cash, cash equivalents and restricted cash | ||||||||||
-16,099 | 27,414 | -6,921 | -10,372 | -10,058 | -3,863 | -24,008 | 849 | 45,364 | -162,736 | 166,216 |
Non-cash investing and financing activities | ||||||||||
Purchases of property and equipment accrued in current liabilities | ||||||||||
- | - | - | - | - | - | 106 | - | 221 | - | - |