XML 35 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (91,940,882) $ (58,725,412) $ (31,703,433)
Net loss attributable to non-controlling interests   95,222 560,144
NET LOSS ATTRIBUTABLE TO ARROWHEAD (91,940,882) (58,630,190) (31,143,289)
Loss from discontinued operations     354
(Gain) loss on disposal of fixed assets (19,195) 58,878 76,388
Change in value of derivatives (2,869,267) 6,033,659 5,300,389
Contingent consideration - Fair Value Adjustments 1,891,533 2,375,658 1,421,652
Acquired in-process research and development 10,142,786    
Stock-based compensation 10,232,897 5,696,173 1,536,271
Depreciation and amortization 2,336,207 1,345,655 1,751,412
Amortization of note premiums 1,110,524 793,887 128,406
Gain on debt extinguishment   (84,721)  
Noncash gain in equity investment   (87,197)  
Noncash impairment expense   2,172,387 2,315,721
Non-controlling interest   (95,222) (560,144)
Changes in operating assets and liabilities:      
Receivables   75,000 (65,625)
Other receivables (789,090) (25,867) 1,080
Prepaid expenses (2,693,839) (15,812) 44,713
Other current assets (2,492) (13,287) (1,811)
Accounts payable 2,497,804 1,412,275 321,647
Accrued expenses 4,435,784 3,478,094 27,920
Other (40,385) 94,257 (187,910)
NET CASH USED IN OPERATING ACTIVITIES (65,707,615) (35,416,373) (19,032,826)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash paid for acquisitions (10,000,000)    
Purchases of property and equipment (1,970,612) (1,717,362) (296,880)
Proceeds from sale of fixed assets 500 10,000 89,505
Purchase of marketable securities   (46,365,528) (10,732,571)
Proceeds from sale of marketable securities 26,090,950 11,591,120 1,419,079
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 14,120,838 (36,481,770) (9,520,867)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal payments on capital leases (213,991) (225,406) (214,801)
Proceeds from issuance of common stock and preferred stock, net   172,641,671 42,448,826
Proceeds from the exercise of warrants and stock options 504,512 12,878,044 2,057,178
NET CASH PROVIDED BY FINANCING ACTIVITIES 290,521 185,294,309 44,291,203
Cash flows from discontinued operations:      
Operating cash flows     (354)
Net cash used in discontinued operations:     (354)
NET INCREASE (DECREASE) IN CASH (51,296,256) 113,396,166 15,737,156
CASH AT BEGINNING OF PERIOD 132,510,610 19,114,444 3,377,288
CASH AT END OF PERIOD 81,214,354 132,510,610 19,114,444
Supplementary disclosures:      
Interest paid 14,429 25,635 42,044
3,321,383 shares of Common stock issued to Novartis for asset acquisition $ 25,000,000    
Galloway Limited      
Supplementary disclosures:      
131,579 shares of Common stock issued to Galloway Limited in settlement of services agreement   $ 500,000  
Roche Madison Inc      
Supplementary disclosures:      
239,894 shares of Common stock issued to Roche for stock and asset acquisition     $ 986,049