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INTERMUNE INC - 10-Q - 20051107 - CASH_FLOW
INTERMUNE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
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Nine Months Ended
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September 30,
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2005
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2004
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(Unaudited, in thousands)
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Cash flows used for operating activities:
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Net loss
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$
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(64,902
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)
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$
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(37,638
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)
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Adjustments to reconcile net loss to net cash used for operating
activities:
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Amortization and depreciation
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6,304
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5,319
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Provision for inventories
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7,193
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2,904
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Non-cash stock compensation and amortization of deferred
compensation, net of reversals
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1,478
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818
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Loss on early extinguishment of convertible debt
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—
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7,072
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Gain on translation of foreign currency denominated payables
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(756
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)
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—
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Deferred rent
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108
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203
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Changes in operating assets and liabilities:
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Accounts receivable
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(1,529
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)
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1,495
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Inventories
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3,884
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10,715
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Other assets
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(4,509
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(372
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)
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Accounts payable and accrued compensation
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(9,860
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)
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(14,521
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Other accrued liabilities
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547
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—
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Net cash used for operating activities
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(62,042
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)
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(24,005
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)
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Cash flows from investing activities:
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Purchases of property and equipment
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(1,935
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)
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(1,172
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Purchases of available-for-sale securities
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(70,276
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(93,104
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Sales of available-for-sale securities
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57,369
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44,557
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Maturities of available-for-sale securities
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75,948
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103,146
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Net cash provided by investing activities
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61,106
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53,427
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Cash flows from financing activities:
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Proceeds from issuance of common stock, net
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893
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1,496
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Repurchase of convertible subordinated notes
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—
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(154,452
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)
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Proceeds from convertible senior notes, net
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—
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164,247
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Other
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112
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232
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Net cash provided by financing activities
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1,005
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11,523
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Net increase (decrease) in cash and cash equivalents
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69
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40,945
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Cash and cash equivalents at beginning of period
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55,769
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42,071
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Cash and cash equivalents at end of period
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$
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55,838
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$
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83,016
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