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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:      
Net loss $ (205,981) $ (255,134) $ (288,989)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Share-based compensation 38,928 53,676 40,251
Depreciation 1,378 988 673
Non-cash interest expense [1] 2,413 635 1,486
Loss on extinguishment of debt 0 0 4,851
Foreign currency transaction gain 0 (16,176) (1,621)
Amortization of operating lease right-of-use assets 1,694 1,491 1,092
Other 10 537 (359)
Changes in operating assets and liabilities:      
Accounts receivable (19,726) (3,570) 0
Inventories (4,973) (2,611) 0
Prepaid expenses and other current assets (8,962) (5,267) 1,925
Amount due from related party (580) 0 0
Income tax receivable 0 0 524
Other assets (6,421) (1,441) (10)
Accounts payable (5,617) 2,457 4,315
Interest payable 0 0 (1,077)
Accrued expenses and other current liabilities 23,982 15,552 (24,675)
Deferred revenue (21,663) 457,933 40,000
Amounts due to Pfizer 30,609 1,954 0
Cost share advance from Pfizer (90,457) 121,227 0
Operating lease liabilities (1,807) (1,516) (882)
Deferred interest payable 0 0 (2,273)
Amounts due to related parties (150) 528 15
Other liabilities (1,236) (635) 3,582
Net cash (used in) provided by operating activities (268,559) 370,628 (221,172)
Cash flows from investing activities:      
Purchases of marketable securities (118,748) (63,824) (32,076)
Maturities of marketable securities 101,700 33,261 29,240
Sales of marketable securities 0 23,125 0
Purchases of property and equipment (974) (1,773) (1,099)
Net cash used in investing activities (18,022) (9,211) (3,935)
Cash flows from financing activities:      
Capital contribution -other 1,280 0 0
Proceeds from issuance of common shares, net of issuance costs paid 0 0 137,004
Proceeds from related party debt financing 0 245,000 113,700
Proceeds from stock option exercises 24,625 6,709 942
Payment of tax withholding on net settlement of share awards 0 (13,664) 0
Payment of third-party debt financings and redemption and administration fees 0 0 (105,720)
Net cash provided by financing activities 25,905 238,045 145,926
Net change in cash, cash equivalents and restricted cash (260,676) 599,462 (79,181)
Cash, cash equivalents and restricted cash, beginning of period 677,480 78,018 157,199
Cash, cash equivalents and restricted cash, end of period 416,804 677,480 78,018
Supplemental Disclosure of Non-Cash Financing and Investing Information:      
Reclassification of share-based compensation awards from additional paid-in capital to current liabilities 0 17,473 0
Change in fair value of share-based awards recorded to additional paid-in capital 1,699 10,609 0
Reclassification of share-based compensation liabilities to additional paid-in capital upon settlement or maturity of awards 23,335 6,446 0
Equipment purchases included in accounts payable 58 18 0
Supplemental Disclosure of Cash Flow Information:      
Income taxes paid 3,542 513 38
Interest paid 0 0 13,030
Interest (related party) paid $ 11,551 $ 9,819 $ 1,426
[1] Includes imputed interest on cost share advance from Pfizer for the years ended March 31, 2022 and 2021. Includes amortization of debt discount and issuance costs for the year ended March 31, 2020.