Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flow provided by (used in) Operating activities    
Net loss for the year $ (123,846) $ (64,120)
Adjustments for    
Amortization of deferred revenue (118) (118)
Amortization of property and equipment 159 20
Amortization of acquired intellectual property and other intangible assets 1,389 1,545
Change in value and amortization of short term investments discount (note 20) 5 13
Revaluation of contingent consideration 1,185 236
Unrealized foreign exchange on lease liability 18 0
Interest expense 39 0
Gain on derecognition of right-of-use asset (54) 0
Royalty obligation expense (note 12) 7,200 0
Change in estimated fair value of derivative warrant liabilities 41,124 9,954
Stock-based compensation 7,414 6,860
Adjustments to reconcile profit (loss) (65,485) (45,610)
Contingent consideration milestones paid (100) 0
Net change in other operating assets and liabilities (note 20) 2,129 (6,000)
Net cash used in operating activities (63,456) (51,610)
Investing activities (note 20)    
Proceeds on maturity of short term investments 7,884 36,093
Purchase of short term investments 0 (36,084)
Purchase of equipment (87) (30)
Capitalized patent costs (17) (45)
Net cash generated from (used in) investing activities 7,780 (66)
Financing activities (note 20)    
Proceeds from exercise of stock options 13,748 943
Proceeds from exercise of derivative warrants 6,989 0
Principal elements of lease payments (127) 0
Proceeds from exercise of warrants 0 3,071
Net cash generated from financing activities 243,728 4,014
Increase (decrease) in cash and cash equivalents during the year 188,052 (47,662)
Cash and cash equivalents – Beginning of year 117,967 165,629
Cash and cash equivalents – End of year 306,019 117,967
Public Offering    
Financing activities (note 20)    
Net proceeds from commons shared issued 179,918 0
ATM Facility    
Financing activities (note 20)    
Net proceeds from commons shared issued $ 43,200 $ 0