Conversion from IFRS to GAAP (Tables)

6 Months Ended

Dec. 31, 2022

Accounting Changes and Error Corrections [Abstract]

Reconciliation Between IFRS and U.S. GAAP

The reconciliation between IFRS net loss and GAAP net loss for the three and six months ended December 31, 2021 in the Company’s condensed consolidated statements of operations is as follows (in thousands):

		Three months ended		Six months ended
	Note	December 31, 2021
Net loss - IFRS		$	(77,472)	$	(477,574)
Cost of revenues	(a), (b)	4,970		6,732
Operating expenses	(a), (b)	84,790		99,859
Other expense, net	(b), (c)	(22,024)		(52,895)
Interest income	(b)	(3)		(6)
Interest expense	(b), (d)	(14,944)		(19,351)
Provision for income taxes	(e)	2,355		9,703
Net loss - GAAP		$	(22,328)	$	(433,532)

Net losses per share were as follows:

	Three Months Ended December 31, 2021				Six Months Ended December 31, 2021
	IFRS		GAAP		IFRS		GAAP
Net loss per share attributable to ordinary shareholders:
Basic and diluted	$	(0.31)	$	(0.09)	$	(1.89)	$	(1.72)

Conversion adjustments impacting the Company’s condensed consolidated balance sheet as of June 30, 2022, were as follows (in thousands):

	Note	IFRS		Adjustments		GAAP
Assets:
Prepaid expenses and other current assets	(b)	$	72,303	$	(2,301)	$	70,002
Property and equipment, net	(b)	98,554		2,108		100,662
Operating lease right-of-use assets	(b)	267,328		9,948		277,276
Goodwill	(a)	732,666		(9,828)		722,838
Deferred tax assets	(e)	42,760		(32,425)		10,335
Other non-current assets	(b)	60,740		(1,878)		58,862
Total conversion adjustments				$	(34,376)
Liabilities and Stockholders' Equity:
Deferred tax liabilities	(e)	$	26,457	$	(26,145)	$	312
Common stock and Additional paid in capital	(a), (e)	2,710,349		(527,811)		2,182,538
Accumulated other comprehensive income	(b), (c), (e)	53,829		(39,965)		13,864
Accumulated deficit	(a), (b), (c), (e)	(2,428,575)		559,545		(1,869,030)
Total conversion adjustments				$	(34,376)