XML 19 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (88,285) $ 18,294
Adjustments to reconcile (loss) income to net cash used in operating activities:    
Depreciation and amortization 32 15
Stock-based compensation 3,874 1,540
Shares issued for services 6 6
Excess tax benefit from stock-based awards (1,884)  
Accrued interest payable 1,196  
Loss (gain) on change in fair value of derivative liability 66,209 (25,342)
Changes in assets and liabilities:    
Other current assets (3,131) 586
Other non-current assets (2,050)  
Change in lease liability (8) (12)
Accounts payable and other liabilities 1,137 (3,217)
Other non-current liabilities 2,793  
Net cash used in operating activities (17,737) (8,809)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment (92)  
Net cash used in investing activities (92)  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of transaction costs   98,671
Proceeds from exercise of stock options, net of transaction costs 791 1,724
Proceeds from exercise of warrants, net of transaction costs 59 6,454
Proceeds from issuance of exchangeable debt, net of transaction costs 144,316  
Excess tax benefit from stock-based awards 1,884  
Payments under capital leases (1)  
Net cash provided by financing activities 147,049 106,849
NET INCREASE IN CASH AND CASH EQUIVALENTS 129,220 98,040
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 116,602 31,442
CASH AND CASH EQUIVALENTS, END OF PERIOD 245,822 129,482
Cash paid during the year for:    
Interest      
Income taxes 111 265
Non-cash transactions:    
Transfer from derivative liability to equity, fair value of warrants exercised 321 29,229
Warrant
    
Adjustments to reconcile (loss) income to net cash used in operating activities:    
Stock-based compensation $ 2,374 $ (679)