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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (115,400) $ (42,498)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 41,552 25,941
Amortization of content assets 13,180 6,119
Provision for inventory and net realizable value adjustment 32,019 2,791
Realized losses on hedging derivative financial instruments 143 339
Gain on investment in convertible instrument   (3,114)
Change in fair value of warrant liabilities (2,334) (5,390)
Equity-based compensation 7,565 5,095
Deferred income taxes (1,143) (11,349)
Other non-cash items 311  
Changes in operating assets and liabilities:    
Inventory 28,400 (194)
Content assets (11,940) (14,237)
Prepaid expenses 5,545 (1,789)
Other assets 167 (5,774)
Accounts payable (22,753) 6,656
Accrued expenses (7,739) (461)
Deferred revenue 1,000 16,547
Other liabilities (1,829) (4,169)
Net cash used in operating activities (33,256) (25,487)
Cash flows from investing activities:    
Purchase of property and equipment (19,222) (27,200)
Investment in convertible instrument   (5,000)
Other investment   (5,000)
Cash paid for acquisition, net of cash acquired   (37,280)
Net cash used in investing activities (19,222) (74,480)
Cash flows from financing activities:    
Proceeds from exercise of stock options 2,968  
Remittance of taxes withheld from employee stock awards (308)  
Borrowings under Credit Facility   42,000
Repayments under Credit Facility   (42,000)
Business combination, net of issuance costs paid   389,775
Net cash provided by financing activities 2,660 389,775
Effect of exchange rates on cash (176) 594
Net (decrease) increase in cash and cash equivalents (49,994) 290,402
Cash, cash equivalents and restricted cash, beginning of period 107,054 56,827
Cash, cash equivalents and restricted cash, end of period 57,060 347,229
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 17 283
Cash paid during the year for income taxes, net 310 198
Supplemental disclosure of noncash investing activities:    
Property and equipment acquired but not yet paid for $ 2,330 15,322
Class A Common Stock issued in connection with acquisition   162,558
Fair value of Myx instrument and promissory note held by Old Beachbody   22,618
Supplemental disclosure of noncash financing activities:    
Business Combination transaction costs, accrued by not paid   650
Net assets assumed in the Business Combination   $ 293