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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Consolidated net (loss) income $ (93,631) $ 1,513
Adjustments to reconcile net income (loss) to net cash provided by operating activities, net of acquisitions:    
Depreciation and amortization 31,867 4,087
Undistributed earnings of noncontrolling interest 769 0
Employee stock compensation expense 22,285 1,040
Changes in deferred taxes (8,385) (4,867)
Provision for doubtful accounts 661 50
Unrealized foreign currency loss (634) 0
Amortization of debt issuance costs and original issue discount 1,907 0
Noncash interest and accretion expense 3,906 0
Loss on fair value remeasurement of embedded derivative 56,714 0
Other non-cash operating activities 2 190
Loss on debt extinguishment 877 0
Non-cash amortization of inventory fair value step-up 10,039 0
Non-cash restructuring costs 2,990  
Gain on disposal of property and equipment (231) 0
Changes in operating assets and liabilities:    
Trade receivables and contract assets (30,565) (4,010)
Inventories (26,589) (277)
Prepaid expenses and other current assets (14,743) 0
Operating lease right-of-use assets and liabilities, net 447 0
Accounts payable 8,129 1,306
Accrued expenses and other liabilities (3,327) 1,594
Fees invoiced in advance 32,789 7,451
Other asset and liabilities, net (665) (28)
Net cash provided by operating activities (5,388) 8,049
Investing activities:    
Capital expenditures (31,275) (8,358)
Proceeds from sale of equipment 277 2
Cash paid in acquisitions (287,129) (40,698)
Net cash used in investing activities (318,127) (49,054)
Financing activities:    
Payments on finance lease liability 0 (277)
Payments of long-term debt (37,746) (2,620)
Payments of debt issuance costs (10,067) (409)
Payments on promissory notes (1,362) 0
Payments on revolving credit facility (20,749) 0
Payments on senior term notes (1,025) 0
Payments on delayed draw term loan (175) 0
Borrowings on long-term loan 0 17,087
Borrowings on revolving credit facility 20,184 1,318
Borrowings on delayed draw term loan 35,000 0
Borrowings on senior term notes 205,000 0
Proceeds from exercise of stock options 102 188
Proceeds from issuance of common stock, net 0 48,972
Net cash provided by (used in) financing activities 189,162 64,259
Effect of exchange rate changes on cash and cash equivalents (852) 0
Net (decrease) increase in cash and cash equivalents (135,205) 23,254
Cash, cash equivalents, and restricted cash at beginning of period 156,924 1,406
Cash, cash equivalents, and restricted cash at end of period 21,719 24,660
Noncash financing activity:    
Seller financed acquisition 6,288 0
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,914 832
Income taxes paid, net $ 666 $ 0