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v3.8.0.1

Condensed Consolidated Statements of Cash Flows Statement - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Cash flows from operating activities: |  |
Net income (loss) including noncontrolling interests in operating subsidiaries | $ (32,111) | $ (12,121)
Adjustments to reconcile net loss including noncontrolling interests in operating subsidiaries to net cash provided by operating activities: |  |
Change in fair value of investment, net | 41,097 | 0
Depreciation and amortization | 5,344 | 5,540
Non-cash stock compensation | (1,024) | 2,128
Other | (87) | (348)
Changes in assets and liabilities: |  |
Accounts receivable | (59) | 18,969
Prepaid expenses and other assets | (863) | (1,738)
Accounts payable and accrued expenses | 1,065 | (2,576)
Royalties and contingent legal fees payable | 36,608 | (10,830)
Net cash provided by operating activities | 49,970 | (976)
Cash flows from investing activities: |  |
Payments to Acquire Other Investments | (7,000) | 0
Advances to Investee | 0 | (1,000)
Purchase of available-for-sale investments | (33,309) | (174,152)
Maturities and sale of available-for-sale investments | 4,000 | 102,682
Net cash provided by (used in) investing activities | (36,309) | (72,470)
Cash flows from financing activities: |  |
Repurchased Restricted Common Stock | 7 | 25
Proceeds from exercises of stock options | 31 | 255
Net cash used in financing activities | 24 | 230
Increase (decrease) in cash and cash equivalents | 13,685 | (73,216)
Cash and cash equivalents, beginning | 136,604 | 139,052
Cash and cash equivalents, ending | $ 150,289 | $ 65,836

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