Annual report pursuant to Section 13 and 15(d)

Parent Company Condensed Balance Sheets

v3.3.1.900
Parent Company Condensed Balance Sheets - Parent Company - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 97,647 $ 69,218
Prepaid expenses and other current assets 4,306 962
Total current assets 101,953 70,180
Property, plant and equipment, net 225 217
Investments, net 1,932,731 906,447
Other assets 427 1,642
Total assets 2,035,336 978,486
Current liabilities:    
Accounts payable 1,266 370
Accrued expenses 4,342 3,344
Current portion of notes payable 522 1,174
Total current liabilities 6,130 4,888
2033 Senior Notes and estimated fair value of embedded derivatives, net of discount 49,412 131,454
Total long-term liabilities 49,412 131,454
Total liabilities 55,542 136,342
Equity:    
Common Stock - $0.01 par value, 750,000,000 shares authorized; 546,188,516 and 433,421,677 shares issued at December 31, 2015 and 2014, respectively 5,462 4,334
Treasury Stock, at cost - 1,120,367 and 1,245,367 shares at December 31, 2015 and 2014, respectively (3,645) (4,051)
Additional paid-in capital 2,705,385 1,529,096
Accumulated other comprehensive loss (22,537) (12,392)
Accumulated deficit (704,871) (674,843)
Total shareholders’ equity 1,979,794 842,144
Total liabilities and equity $ 2,035,336 $ 978,486