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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 30,114 $ (609,693) $ (209,275)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:      
Stock-based compensation 63,366 73,968 78,130
Depreciation and amortization 23,928 18,595 12,493
Accretion of note premiums/discounts (5,789) (3,244) (2,017)
Non-cash interest expense on liability related to the sale of future royalties 26,036 23,035 18,326
Non-cash interest expense on credit facility 63,325 9,317 0
Non-cash gain on treasury stock received (3,193) 0 0
Realized loss on investments 0 80 0
Changes in operating assets and liabilities:      
Accounts receivable (56,967) 0 1,410
Prepaid expenses and other current assets (9,939) (1,664) 11,603
Accounts payable 6,286 (5,536) 32,998
Accrued expenses 41,497 32,117 (14,965)
Deferred revenue 2,399 (866) (129,183)
Operating lease, net (4,605) 2,240 46,590
Other 3,094 (1,200) 0
Net cash provided by (used in) operating activities 179,552 (462,851) (153,890)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (22,666) (141,469) (176,737)
Purchases of investments (796,258) (720,947) (246,141)
Proceeds from sales and maturities of investments 689,630 442,344 326,723
Net cash used in investing activities (129,294) (420,072) (96,155)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from the exercises of stock options 3,983 2,389 3,053
Proceeds from the issuance of common stock, net of offering costs 241,388 429,265 0
Proceeds from the sale of future royalties 0 50,000 250,000
Proceeds from the issuance of warrants 25,000 0 0
Payment of debt issuance costs (5,000) (3,134) 0
Proceeds from credit facility 0 392,000 0
Repayments of credit facility (201,625) 0 0
Proceeds from Visirna credit agreement 10,260 0 0
Net cash provided by financing activities 74,006 870,520 253,053
Net increase (decrease) in cash, cash equivalents and restricted cash 124,264 (12,403) 3,008
Effect of exchange rate on cash, cash equivalents and restricted cash (401) 4,197 (122)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:      
BEGINNING OF PERIOD 102,685 110,891 108,005
END OF PERIOD 226,548 102,685 110,891
Supplementary disclosure of cash flows:      
Interest paid (19) 0 0
Income taxes (refund) paid 814 (3,744) 0
Treasury stock received to settle accounts receivable 50,000 0 0
Supplementary disclosure of non-cash investing activities:      
Capital expenditures included in accrued expenses $ 277 $ 4,206 $ 14,044