XML 22 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (232,992) $ (74,804)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,892 3,494
Amortization of debt issuance costs 550 0
Inventory provision 13,329 23,839
Stock-based compensation expense 26,360 0
Deferred income taxes 0 0
Provision (Benefit) on loss contracts 2,282 3,004
Changes in operating assets and liabilities:    
Trade receivables (46,343) (29,359)
Unbilled receivables 836 (22,957)
Receivables from related parties (15,956) 24,689
Advances to suppliers (52,456) (11,259)
Inventory (77,255) (319,946)
Other current assets (118) (13,885)
Other non-current assets (17,556) (2)
Accounts payable 68,154 (9,928)
Payables and deferred revenue with related parties 5,507 144,038
Deferred revenue 298,986 16,545
Current accruals and provisions (53,016) 126,123
Taxes payable (1,150) 60
Other current liabilities (1,669) (41)
Other non-current liabilities (2,031) 1,112
Cash settled for stock based compensation 8,703 0
Insurance proceeds received 10,000 0
Net cash used in operating activities (60,943) (139,277)
Investing activities    
Purchase of equity securities (1,124) 0
Payments for acquisition of businesses, net of cash acquired (29,215) (18,000)
Purchase of property and equipment (2,675) (2,999)
Net cash used in investing activities (33,014) (20,999)
Financing activities    
Capital contributions from founders 0 6,280
Proceeds from issuance of Class B membership units 0 125,000
Repurchase of class A common stock placed into treasury (4,991) 0
Proceeds from exercise of stock options 1,233 0
Payment of transaction cost related to issuance of Class B membership units (6,320) (7,728)
Payment of debt issuance costs (3,120)
Borrowing from promissory notes – related parties 0 75,000
Repayment of promissory notes – related parties (50,000) (75,000)
Borrowing from line of credit 0 50,000
Repayment to line of credit (50,000) (50,000)
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions 935,761 0
Payments of deferred equity issuance costs (7,103) (1,012)
Other 0 3,189
Net cash provided by financing activities 815,460 125,729
Effect of exchange rate changes on cash and cash equivalents 2,473 (763)
Net increase (decrease) in cash and cash equivalents 723,976 (35,310)
Cash, cash equivalents, and restricted cash as of the beginning of the period 762,044 59,741
Cash, cash equivalents, and restricted cash as of the end of the period 38,068 95,051
Supplemental Cash Flows Information    
Cash paid for income taxes $ 1,298 $ 5,433