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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (106,231) $ (70,819)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 7,118 4,575
Deferred tax liability (11,045) 0
Loss on disposal of property and equipment 0 2
Non-cash lease expense 1,609 214
Stock-based compensation 40,573 18,575
Discount accretion on investment securities 790 314
Realized gain on investments 0 (4)
Non-cash interest expense 3 44
Bad debt expense (180) 417
Amortization of debt discount 4 53
Contingent consideration and holdbacks (8,840) 0
Write off property and equipment 70 0
Changes in assets and liabilities:    
Accounts receivable, net (3,845) (1,331)
Inventories (12,787) (3,544)
Prepaid expenses and other current assets (1,407) (2,731)
Other non-current assets 3,873 (87)
Accounts payable (762) 3,798
Accrued expenses 1,885 (45)
Accrued compensation (653) (38)
Other liabilities 832 1,126
Net cash used in operating activities (88,993) (49,481)
Cash flows from investing activities    
Purchases of property and equipment (44,753) (12,030)
Business acquisition, net of cash acquired (8,160) 0
Purchases of investments (217,639) (58,795)
Proceeds from maturity of investments 30,676 98,494
Net cash (used in) provided by investing activities (239,876) 27,669
Cash flows from financing activities    
Proceeds from exercise of stock options 4,000 9,116
Proceeds from public offerings, net of underwriting discounts, commissions and offering expenses 269,818 323,887
Proceeds from issuance of common stock under employee stock purchase plan 2,395 2,787
Repayments of long-term debt (1,558) (1,667)
Repurchases of common stock for income tax withholding (4,050) (5,751)
Net cash provided by financing activities 270,605 328,372
Effect of exchange rates on cash, cash equivalents and restricted cash 104 53
Net increase (decrease) in cash, cash equivalents, and restricted cash (58,160) 306,613
Cash, cash equivalents, and restricted cash at beginning of period 467,359 94,246
Cash, cash equivalents, and restricted cash at end of period 409,199 400,859
Supplemental disclosure of cash flow information    
Interest paid 9 109
Income taxes paid, net of refunds 130 1
Non-cash investing and financing activities    
Property and equipment additions included in accounts payable and accrued expenses 8,737 197
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 19,494 63
Issuance of common stock in connection with the business acquisition $ 77,122 $ 0