XML 21 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income (loss) $ 216,224 $ 282,308
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 102,656 105,632
Unrealized foreign currency exchange rate (gain) loss (19,424) 4,175
Loss on extinguishment of senior convertible notes 0 58,526
Loss on disposal of property and equipment 1,411 3,893
Non-cash restructuring and impairment charges 0 21,337
Amortization of bond premium and debt issuance costs 1,644 11,618
Stock-based compensation 29,362 33,422
Deferred income taxes (132) (2,633)
Changes in reserves and allowances 7,316 (16,504)
Changes in operating assets and liabilities:    
Accounts receivable 1,026 139,340
Inventories (401,551) 44,041
Prepaid expenses and other assets (68,931) (12,071)
Other non-current assets (46,272) 60,315
Accounts payable 168,681 106,119
Accrued expenses and other liabilities 50,892 7,047
Customer refund liability 12,440 (27,912)
Income taxes payable and receivable 19,057 (3,236)
Net cash provided by (used in) operating activities 74,399 815,417
Cash flows from investing activities    
Purchases of property and equipment (147,620) (61,294)
Sale of property and equipment 0 852
Earn-out from the sale of MyFitnessPal platform 35,000 0
Net cash provided by (used in) investing activities (112,620) (60,442)
Cash flows from financing activities    
Payments on long-term debt and revolving credit facility 0 (506,280)
Proceeds from capped call 0 91,722
Common shares repurchased (125,000) 0
Employee taxes paid for shares withheld for income taxes (868) (1,682)
Proceeds from exercise of stock options and other stock issuances 2,809 2,830
Payments of debt financing costs 0 (1,884)
Net cash provided by (used in) financing activities (123,059) (415,294)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 3,205 (16,491)
Net increase (decrease) in cash, cash equivalents and restricted cash (158,075) 323,190
Cash, cash equivalents and restricted cash    
Beginning of period 1,022,126 1,359,680
End of period 864,051 1,682,870
Non-cash investing and financing activities    
Change in accrual for property and equipment (706) 20,640
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 849,546 1,669,453
Restricted cash 14,505 13,417
Total cash, cash equivalents and restricted cash $ 864,051 $ 1,682,870