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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (149,259) $ (82,420)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of intangible assets 1,000  
Depreciation and amortization expense 58,858 40,557
Amortization of content assets 18,673 10,008
Provision for inventory and net realizable value adjustment 35,195 4,431
Realized losses on hedging derivative financial instruments 141 481
Gain on investment in convertible instrument   (3,114)
Change in fair value of warrant liabilities (4,696) (35,664)
Equity-based compensation 13,166 10,839
Deferred income taxes (1,754) (12,964)
Amortization of Debt Issuance Costs 262  
Paid-in-kind interest expense 221  
Other non-cash items 311  
Changes in operating assets and liabilities:    
Inventory 31,676 (68,765)
Content assets (16,111) (21,958)
Prepaid expenses 8,681 (5,364)
Other assets 4,496 (5,762)
Accounts payable (30,379) 9,095
Accrued expenses (209) (406)
Deferred revenue (3,690) 27,041
Other liabilities (3,525) (5,294)
Net cash used in operating activities (36,943) (139,259)
Cash flows from investing activities:    
Purchase of property and equipment (23,236) (61,065)
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 (23,236) (108,345)
Cash flows from financing activities:    
Proceeds from exercise of stock options 3,162 4,477
Remittance of taxes withheld from employee stock awards (308) (3,154)
Borrowings under Credit Facility   42,000
Repayments under Credit Facility   (42,000)
Business combination, net of issuance costs paid   389,125
Shares withheld for tax withholdings on vesting of restricted stock (183)  
Borrowings under Term Loan 50,000  
Repayments under Term Loan (313)  
Payment of debt issuance costs (4,075)  
Net cash provided by financing activities 48,283 390,448
Effect of exchange rates on cash (1,095) 168
Net (decrease) increase in cash and cash equivalents (12,991) 143,012
Cash, cash equivalents and restricted cash, beginning of period 107,054 56,827
Cash, cash equivalents and restricted cash, end of period 94,063 199,839
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 738 389
Cash paid during the year for income taxes, net 365 389
Supplemental disclosure of noncash investing activities:    
Property and equipment acquired but not yet paid for 789 13,640
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:    
Net assets assumed in the Business Combination   $ 293
Warrants issued in relation to Term Loan 5,236  
Debt issuance costs, accrued but not paid $ 136