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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2020
Cash flows from operating activities:      
Net loss $ (192,065) $ (55,696) $ (69,378)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 5,190 4,297 1,302
Non-cash operating lease cost 4,185 3,315 3,052
Stock-based compensation expense 113,441 21,740 8,310
Impairment on investment 0 0 1,025
Other 1,601 (180) (657)
Changes in operating assets and liabilities      
Accounts receivable [1] (14,156) (34,690) 32,659
Prepaid expenses, other current assets and other assets [2] (14,578) (14,855) (4,265)
Accounts payable [3] 34,481 7,450 (1,219)
Accrued compensation and employee benefits 10,394 8,135 651
Operating lease liabilities (3,266) (3,551) (3,174)
Other liabilities [4] (5,604) 11,549 1,343
Deferred revenue [5] (26,085) 14,933 (30,930)
Net cash used in operating activities (86,462) (37,553) (61,281)
Cash flows from investing activities:      
Purchases of property and equipment (3,791) (1,628) (2,298)
Capitalized software development costs (500) 0 (581)
Proceeds from sale of non-marketable equity security 0 725 0
Purchases of investments (796,487) (1,152,142) (219,853)
Maturities and sales of investments 1,117,793 385,893 98,659
Net cash provided by (used in) investing activities 317,015 (767,152) (124,073)
Cash flows from financing activities:      
Proceeds from initial public offering and private placements, net of underwriting discounts 0 851,859 0
Proceeds from repayment of shareholder loan 0 26,003 0
Repurchase of common stock and options in tender offer 0 0 (3,548)
Repurchase and retirement of Class A Common stock (15,000) 0 0
Payment of deferred offering costs (105) (7,179) 0
Proceeds from issuance of common stock 0 0 44,027
Proceeds from exercise of Class A common stock options 20,816 16,673 4,203
Net cash provided by financing activities 5,711 887,356 119,851
Net increase (decrease) in cash, cash equivalents and restricted cash 236,264 82,651 (65,503)
Cash, cash equivalents and restricted cash at beginning of period 116,255 33,604 99,107
Cash and cash equivalents 339,528 115,355 33,104
Restricted cash included in other assets, non-current 12,566 900 500
Restricted cash included in prepaid expenses and other current assets 425 0 0
Cash, cash equivalents and restricted cash at end of period 352,519 116,255 33,604
Total cash, cash equivalents and restricted cash 352,519 116,255 33,604
Supplemental disclosure of cash flow information—cash paid for income taxes 939 550 660
Supplemental disclosures of non-cash investing and financing activities:      
Purchases of property and equipment included in accounts payable and accrued liabilities 9,261 212 417
Right-of-use assets obtained in exchange for lease obligations 26,529 0 0
Right-of-use assets obtained in exchange for lease obligations arising from lease modifications 1,572 0 0
Unpaid liabilities related to intangible purchases 2,500 0 0
Receivable from exercise of stock options included in prepaid expenses, other current assets and other assets 29 0 0
Deferred offering costs included in accounts payable and accrued liabilities 0 105 0
Vesting of early exercised stock options 2,746 2,869 655
Series G Preferred Stock      
Cash flows from financing activities:      
Proceeds from issuance of stock, net of issuance costs 0 0 25,333
Series H Preferred Stock      
Cash flows from financing activities:      
Proceeds from issuance of stock, net of issuance costs $ 0 $ 0 $ 49,836
[1] Including changes in related party balances of $20,668, $(14,930), and $19,750 for the fiscal years ended April 30, 2022, 2021 and 2020, respectively.
[2] Including changes in related party balances of $12,739, $8,264 and nil for the fiscal years ended April 30, 2022, 2021 and 2020, respectively.
[3] Including changes in related party balances of $18,493, $56 and nil for the fiscal years ended April 30, 2022, 2021 and 2020, respectively.
[4] Including changes in related party balances of $(3,350), $8,308 and nil for the fiscal years ended April 30, 2022, 2021 and 2020, respectively.
[5] Including changes in related party balances of $(7,565), $6,198, and $(18,445) for the fiscal years ended April 30, 2022, 2021 and 2020, respectively.