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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (262,372) $ 5,865
Adjustments to reconcile net loss to net cash flow from operating activities    
Stock-based compensation 37,444 40,002
Depreciation and amortization 8,788 5,358
Amortization (accretion) of note premiums/discounts 896 (82)
Realized gain on investments (80) 0
Non-cash interest expense on liability related to the sale of future royalties 12,612 7,906
Changes in operating assets and liabilities:    
Accounts receivable 0 (68,024)
Prepaid expenses and other current assets (2,643) 20,309
Accounts payable (8,402) 6,688
Accrued expenses (11) (27,279)
Deferred revenue (866) (99,135)
Operating lease, net 4,417 1,205
Net cash used in operating activities (210,217) (107,187)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (102,731) (66,225)
Purchases of investments (309,982) (192,528)
Proceeds from sales and maturities of investments 208,615 141,994
Net cash used in investing activities (204,098) (116,759)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the exercises of stock options 1,779 1,096
Proceeds from the issuance of common stock, net of offering costs 429,265 0
Proceeds from the sale of future royalties 0 250,000
Net cash provided by financing activities 431,044 251,096
Net increase in cash, cash equivalents and restricted cash 16,729 27,150
Effect of exchange rate on cash, cash equivalents and restricted cash 84 (196)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
BEGINNING OF PERIOD 110,891 108,005
END OF PERIOD 127,704 134,959
Supplementary disclosure of cash flows:    
Income taxes paid (3,014) 0
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accrued expenses $ 7,265 $ 12,831