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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:      
Net loss $ (1,657) $ (143,255) $ (83,440)
Adjustments to reconcile net loss to net cash used in operating activities:      
Share-based compensation 1,434 11,583 8,717
Depreciation 0 243 61
Amortization of debt discount and issuance costs 0 662 0
Acquisition of in-process research and development 0 0 13,117
Changes in the fair value of the Takeda warrant liability 0 0 27,518
Foreign currency translation adjustment 0 (116) 140
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 0 (1,918) (3,221)
Deferred tax assets 0 208 (208)
Income tax receivable 0 (895) (105)
Other assets 0 (3,065) 0
Accounts payable 0 1,249 3,329
Interest payable 0 282 0
Accrued expenses 223 18,287 11,755
Due to Roivant Sciences Ltd., Roivant Sciences, Inc. and Roivant Sciences GmbH 0 (1,070) 4,009
Deferred rent 0 295 113
Deferred interest payable 0 255 0
Net cash used in operating activities 0 (117,255) (18,215)
Cash flows from investing activities:      
Purchase of furniture and equipment (604) (967)
Net cash used in investing activities (604) (967)
Cash flows from financing activities:      
Cash proceeds from issuance of common shares in initial public offering, net of underwriting discount 0 0 202,275
Initial public offering costs paid 0 0 (2,311)
Cash proceeds from debt financings, net of financing costs 0 43,751 0
Cash proceeds from issuance of common shares to NovaQuest, net of issuance costs 0 1,857 0
Cash capital contribution from Roivant Sciences Ltd. 0 0 1,035
Settlement of Roivant Sciences Ltd. common shares subscribed 0 1 0
Stock option exercises 0 36 0
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. for amounts paid on behalf of the Company 0 0 (979)
Net cash provided by financing activities 0 45,645 200,020
Net change in cash 0 (72,214) 180,838
Cash—beginning of period 0 180,838 0
Cash—end of period 0 108,624 180,838
Non-cash investing and financing activities:      
Acquisition of in-process research and development 0 0 13,117
Warrants issued to Hercules 0 789 0
Supplemental disclosure of cash paid:      
Income taxes 0 900 240
Interest $ 0 $ 845 $ 0