XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (95,407) $ (54,397)
Adjustments to reconcile net income to net cash used in operating activities:    
Stock-based compensation expense 20,136 15,638
Depreciation and amortization expense 2,318 2,528
Premium paid on marketable securities (846) (3,427)
Amortization of premium on marketable securities 1,118 1,516
Change in operating assets and liabilities:    
Accounts receivable 4,097 1,868
Prepaid expenses and other current assets 2,648 1,518
Income tax receivable 8,527 (17,529)
Operating lease, right-of-use assets 3,932 4,019
Accounts payable (8,555) 195
Accrued expenses (3,253) 3,671
Operating lease liabilities (3,235) (4,343)
Other long-term assets (611) 0
Other long-term liabilities (117) (232)
Net cash used in operating activities (69,248) (48,975)
Cash flows from investing activities    
Purchase of marketable securities (162,714) (307,949)
Proceeds from maturities and sale of marketable securities 190,068 272,974
Purchase of property and equipment (688) (717)
Net cash provided by (used in) investing activities 26,666 (35,692)
Cash flows from financing activities    
Proceeds from exercise of stock options 18,331 2,671
Payments for settlement of share-based awards (1,228) (534)
Net cash provided by financing activities 17,103 2,137
Net decrease in cash, cash equivalents and restricted cash (25,479) (82,530)
Cash, cash equivalents and restricted cash at beginning of period 57,814 87,739
Cash, cash equivalents and restricted cash at end of period 32,335 5,209
Supplemental disclosure of non-cash operating and investing information:    
Purchases of fixed assets included in accounts payable and accrued expenses 412 16
Operating lease liabilities arising from obtaining right-of-use assets $ 22,984 $ 3,057