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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities      
Net income $ 46,383 $ 71,956 $ 17,710
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 19,226 15,845 13,071
Depreciation and amortization expense 3,258 2,518 2,137
Deferred income taxes (3,138) 1,858 (1,654)
Income tax benefit from stock awards     (213)
Premium paid on marketable securities (1,491) (319) (1,229)
(Accretion) amortization of (discount) premium on marketable securities (4,336) (835) 702
Change in fair value of warrant liability and Series 1 nonconvertible preferred stock   59 159
Other non-cash items 25 (75)  
Change in operating assets and liabilities:      
Accounts receivable 15,892 (56,591) 2,227
Prepaid expenses and other current assets (10,845) (918) 5,678
Accounts payable 1,791 1,317 633
Accrued expenses 5,750 1,843 3,443
Income taxes payable (1,388) (7,910) 9,511
Other long-term liabilities 291 564 478
Other long-term assets   (92)  
Net cash provided by operating activities 71,418 29,220 52,653
Cash flows from investing activities      
Purchase of marketable securities (549,312) (293,103) (251,371)
Proceeds from maturities and sale of marketable securities 468,065 260,682 249,305
Purchase of property and equipment (5,417) (2,981) (2,506)
Net cash used in investing activities (86,664) (35,402) (4,572)
Cash flows from financing activities      
Proceeds from exercise of stock options and warrants 6,848 6,244 1,079
Income tax benefit from exercise of stock options     213
Payments for settlement of share-based awards (4,188) (1,756) (202)
Payments of capital lease obligations (86) (79) (73)
Net cash provided by financing activities 2,574 4,409 1,017
Net (decrease) increase in cash and cash equivalents (12,672) (1,773) 49,098
Cash, cash equivalents and restricted cash at beginning of period 64,510 66,283 17,185
Cash, cash equivalents and restricted cash at end of period 51,838 64,510 66,283
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 12,672 26,088 1,588
Non-cash items:      
Purchases of fixed assets included in accounts payable and accrued expenses $ 320 $ 111 $ 318