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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES:    
Net loss $ (78,046) $ (78,792)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 8,996 9,503
Share-based compensation 3,375 3,576
Increase in deferred lease rentals 215 266
Swiss pension obligation 551 453
Amortization of deferred debt issue costs 7,736 4,097
Accrued preference share dividends 788 788
Deferred income taxes 41 33
Net change in assets and liabilities:    
Trade accounts receivable, net (1,638) 315
Inventories (3,838) 147
Accounts payable and accrued liabilities (2,268) (5,076)
Accrued compensation and benefits (268) (664)
Other assets (406) 3,833
Net cash used in operating activities (64,762) (61,521)
INVESTING ACTIVITIES:    
Increase in short-term investments (95,000) (119,000)
Realization of short-term investments 52,700 21,883
Purchase of property and equipment (3,941) (3,047)
Purchase of intangible assets   (3)
Net cash used in investing activities (46,241) (100,167)
FINANCING ACTIVITIES:    
Repayment of finance leases (337) (358)
Proceeds from drawdown of new debt 25,000 36,000
Debt issuance costs and fees paid to noteholders (874) (5,113)
Proceeds from issuance of ordinary shares and warrants 90,728 113,745
Net cash generated from financing activities 114,517 144,274
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (1,438) 4,187
Change in cash, cash equivalents and restricted cash 2,076 (13,227)
Beginning cash, cash equivalents and restricted cash 11,603 25,205
Ending cash, cash equivalents and restricted cash 13,679 11,978
Supplemental cash flow disclosures:    
Interest paid 15,959 11,435
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 4,664 4,468
Restricted cash 9,015 7,510
Ending cash, cash equivalents and restricted cash $ 13,679 $ 11,978