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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES:    
Net loss $ (40,404) $ (50,561)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, amortization and loss on disposal of fixed assets 4,126 6,070
Share-based compensation 2,284 2,179
Increase in deferred lease rentals 346 148
Swiss pension obligation 516 363
Amortization of deferred debt issue costs 4,386 5,041
Accrued preference share dividends 525 525
Income taxes 32 27
Net change in assets and liabilities:    
Trade accounts receivable, net 1,093 (1,161)
Inventories (1,411) (2,874)
Accounts payable and accrued liabilities 1,896 (63)
Accrued compensation and benefits (2,215) (1,764)
Other assets (1,807) (648)
Net cash used in operating activities (30,633) (42,718)
INVESTING ACTIVITIES:    
Increase in short-term investments (72,247) (15,000)
Realization of short-term investments 44,016 38,926
Purchase of property and equipment (2,069) (2,558)
Net cash (used in) /generated from investing activities (30,300) 21,368
FINANCING ACTIVITIES:    
Repayment of finance leases (356) (210)
Proceeds from drawdown of new debt   25,000
Debt issuance costs and fees paid to noteholders   (874)
Proceeds from issuance of ordinary shares and warrants 80,838 377
Net cash generated from financing activities 80,482 24,293
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (5,333) 277
Change in cash, cash equivalents and restricted cash 14,216 3,220
Beginning cash, cash equivalents and restricted cash 12,940 11,603
Ending cash, cash equivalents and restricted cash 27,156 14,823
Supplemental cash flow disclosures:    
Interest paid 8,765 7,239
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 18,125 5,816
Restricted cash 9,031 9,007
Ending cash, cash equivalents and restricted cash $ 27,156 $ 14,823