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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2023
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities        
Net income (loss) $ (59,610) $ 386,769 $ 360,060 $ (549,177)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities        
Depreciation and amortization 34,960 137,620 141,144 164,984
Unrealized foreign currency exchange rate (gain) loss (8,585) (8,463) 18,877 (9,295)
Loss on extinguishment of senior convertible notes 0 0 58,526 0
Loss on disposal of property and equipment 1,604 2,619 4,468 3,740
Gain on sale of the MyFitnessPal platform 0 0 0 (179,318)
Non-cash restructuring and impairment charges (1,871) 1,959 26,938 470,543
Amortization of bond premium and debt issuance costs 549 2,192 16,891 12,070
Stock-based compensation 11,764 36,811 43,794 42,070
Deferred income taxes (2,500) (152,403) (2,642) 43,992
Changes in reserves and allowances (5,250) 11,696 (25,766) 10,347
Changes in operating assets and liabilities:        
Accounts receivable (131,988) (62,162) (31,153) 167,614
Inventories (6,425) (373,714) 93,287 15,306
Prepaid expenses and other assets (4,326) (36,652) 10,224 18,603
Other non-current assets 27,628 (52,795) 79,782 (259,735)
Accounts payable (54,970) 77,558 26,027 (40,673)
Accrued expenses and other liabilities (122,589) 12,081 (114,794) 318,532
Customer refund liability (4,398) 851 (38,861) (19,250)
Income taxes payable and receivable 4,564 6,119 (1,973) 2,511
Net cash provided by (used in) operating activities (321,443) (9,914) 664,829 212,864
Cash flows from investing activities        
Purchases of property and equipment (39,923) (187,796) (69,759) (92,291)
Sale of property and equipment 0 0 1,413 0
Earn-out from the sale of MyFitnessPal platform 0 35,000 0 0
Sale of MyFitnessPal platform 0 0 0 198,916
Purchase of businesses 0 0 0 (40,280)
Net cash provided by (used in) investing activities (39,923) (152,796) (68,346) 66,345
Cash flows from financing activities        
Proceeds from long-term debt and revolving credit facility 0 0 0 1,288,753
Payments on long-term debt and revolving credit facility 0 0 (506,280) (800,000)
Proceeds from capped call 0 0 91,722 0
Purchase of capped call 0 0 0 (47,850)
Common shares repurchased (300,000) (125,000) 0 0
Employee taxes paid for shares withheld for income taxes (11,446) (5,151) (5,983) (3,675)
Proceeds from exercise of stock options and other stock issuances 934 3,776 3,688 4,744
Payments of debt financing costs 0 0 (1,884) (5,219)
Other financing fees 0 0 0 100
Net cash provided by (used in) financing activities (310,512) (126,375) (418,737) 436,853
Effect of exchange rate changes on cash, cash equivalents and restricted cash 11,134 (5,315) (23,391) 16,445
Net increase (decrease) in cash, cash equivalents and restricted cash (660,744) (294,400) 154,355 732,507
Cash, cash equivalents and restricted cash        
Beginning of period 1,682,870 1,022,126 1,528,515 796,008
End of period 1,022,126 727,726 1,682,870 1,528,515
Non-cash investing and financing activities        
Change in accrual for property and equipment (23,533) 7,581 19,214 (13,875)
Other supplemental information        
Cash paid (received) for income taxes, net of refunds 6,851 28,542 42,623 24,443
Cash paid (received) for interest, net of capitalized interest 7,120 19,218 25,226 28,626
Reconciliation of cash, cash equivalents and restricted cash        
Cash and cash equivalents 1,009,139 711,910 1,669,453 1,517,361
Restricted cash 12,987 15,816 13,417 11,154
Total cash, cash equivalents and restricted cash $ 1,022,126 $ 727,726 $ 1,682,870 $ 1,528,515