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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net loss $ (160.7) $ (148.2)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 28.2 15.0
Stock-based compensation expense 56.3 76.0
Non-cash operating lease expense 33.5 0.0
Other non-cash items (4.1) (0.3)
Changes in operating assets and liabilities:    
Accounts receivable (5.4) (13.8)
Inventories (46.2) (86.5)
Prepaid expenses and other current assets (24.3) (14.9)
Other assets (18.2) (6.6)
Accounts payable and accrued expenses 64.0 80.7
Customer deposits and deferred revenue 124.0 13.1
Operating lease liabilities, net (20.7) 0.0
Other liabilities 14.5 9.3
Net cash provided by (used in) operating activities 49.1 (75.6)
Cash Flows from Investing Activities:    
Purchases of marketable securities (1,199.6) (204.0)
Maturities of marketable securities 331.5 0.0
Sales of marketable securities 118.0 0.0
Cash paid for cost method investment (0.1) (0.6)
Acquisition of business, net of cash acquired (45.6) (0.1)
Purchases of property and equipment (110.1) (47.9)
Net cash used in investing activities (905.9) (252.6)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock upon initial public offering, net of offering costs 1,195.7 0.0
Repurchase of common and convertible preferred stock, including issuance costs 0.0 (130.3)
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 0.0 539.1
Proceeds from employee stock purchase plan withholdings 4.6 0.0
Proceeds from exercise of stock options 9.0 3.0
Net cash provided by financing activities 1,209.3 411.8
Effect of exchange rate changes (5.0) 1.0
Net change in cash, cash equivalents, and restricted cash 347.5 84.6
Cash, cash equivalents and restricted cash — Beginning of period 163.0 151.6
Cash, cash equivalents and restricted cash — End of period 510.5 236.2
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 0.0 0.7
Cash paid for income taxes 1.0 0.0
Supplemental Disclosures of Non-Cash Investing and Financing Information:    
Conversion of convertible preferred stock to common stock (941.1) 0.0
Property and equipment accrued but unpaid 21.2 7.9
Building - build-to-suit asset 0.0 130.0
Stock-based compensation capitalized for software development costs $ 1.5 $ 0.3