$50 m Drop in Cash
Can anyone explain the $50 m drop in cash? Specifically what does it mean "working capital adjustments"? Cash, cash equivalents, and short-term investments were $129.7 million at September 30, 2020. Cash and equivalents declined in Q3 due primarily to working capital adjustments and the timing of collections for certain license agreements completed near quarter-end. Payment on these agreements was received subsequent to quarter-end