XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:      
Net loss $ (118.9) $ (551.9) $ (1,261.7)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization expense 89.7 108.8 124.3
Stock-based compensation expense 229.6 311.7 405.0
Non-cash operating lease expense 54.5 66.2 79.8
Amortization of debt discount and issuance costs 9.1 14.2 13.6
Impairment expense 64.1 57.3 144.5
Loss on sale of subsidiary 0.0 3.8 0.0
Net foreign currency adjustments (22.4) 0.0 (7.0)
Gain on debt extinguishment of convertible notes 0.0 (69.8) 0.0
Loss on debt extinguishment of term loan 0.0 7.5 0.0
Changes in operating assets and liabilities:      
Accounts receivable 2.8 (7.0) (13.8)
Inventories 136.5 163.0 537.5
Prepaid expenses and other current assets 66.6 42.6 61.2
Other assets 4.4 1.7 7.1
Accounts payable and accrued expenses (94.0) (95.5) (347.2)
Deferred revenue and customer deposits (13.5) (23.6) (13.9)
Operating lease liabilities, net (82.3) (90.8) (89.9)
Other liabilities 6.8 (4.4) (27.3)
Net cash provided by (used in) operating activities 333.0 (66.1) (387.6)
Cash Flows from Investing Activities:      
Proceeds from sale of Peloton Output Park 4.2 31.9 0.0
Capital expenditures (9.3) (19.7) (82.4)
Proceeds from sales of subsidiary and net assets 0.0 14.6 12.4
Net cash (used in) provided by investing activities (5.1) 26.8 (69.9)
Cash Flows from Financing Activities:      
Principal repayment of Term Loan (10.0) (742.5) (7.5)
Payment of principal on convertible notes 0.0 (724.9) 0.0
Proceeds from issuance of convertible notes, net of issuance costs 0.0 342.3 0.0
Proceeds from issuance of term loan, net of issuance costs 0.0 986.9 0.0
Proceeds from employee stock purchase plan withholdings 4.1 3.1 6.9
Proceeds from employee stock plans 7.7 41.2 79.8
Principal repayments of finance leases (0.1) (0.5) (2.3)
Net cash provided by (used in) financing activities 1.7 (94.4) 76.8
Effect of exchange rate changes 5.3 (1.0) 8.6
Net change in cash, cash equivalents, and restricted cash 334.9 (134.6) (372.2)
Cash, cash equivalents, and restricted cash — Beginning of period 750.9 885.5 1,257.6
Cash, cash equivalents, and restricted cash — End of period 1,085.8 750.9 885.5
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 127.2 95.6 79.0
Cash paid for income taxes 2.6 0.0 14.9
Term Loan issuance costs recorded within Net Loss 0.0 8.7 0.0
Supplemental Disclosures of Non-Cash Investing and Financing Information:      
Accrued and unpaid capital expenditures, including software 0.3 0.1 2.4
Stock-based compensation capitalized for software development costs $ 0.0 $ 0.0 $ 12.1