Beachbody Company Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
BODI$4.510.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(37,084) | $(87,602) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 18,756 | 31,395 |
| Amortization of content assets | 12,525 | 16,487 |
| Provision for inventory and inventory purchase commitments | 2,748 | 9,370 |
| Realized (gains) losses on hedging derivative financial instruments | 64 | 131 |
| Change in fair value of warrant liabilities | (1,333) | (1,504) |
| Equity-based compensation | 12,695 | 19,152 |
| Deferred income taxes | 2 | (166) |
| Amortization of debt issuance costs | 1,751 | 1,288 |
| Paid-in-kind interest expense | 633 | 1,042 |
| Loss on partial debt extinguishment | 1,928 | 2,418 |
| Change in lease assets | 269 | — |
| Gain on sale of property and equipment | (784) | — |
| Changes in operating assets and liabilities: | ||
| Inventory | 4,162 | 11,884 |
| Content assets | (5,664) | (8,201) |
| Prepaid expenses | 4,835 | 4,302 |
| Other assets | 11,212 | (4,531) |
| Accounts payable | (3,319) | (1,471) |
| Accrued expenses | (3,824) | (15,809) |
| Deferred revenue | (6,290) | 6,995 |
| Other liabilities | (3,991) | 237 |
| Net cash provided by (used in) operating activities | 9,291 | (14,583) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (3,974) | (5,499) |
| Investment in restricted short-term investments | — | (4,250) |
| Proceeds from sale of property and equipment | 5,600 | — |
| Net cash provided by (used in) investing activities | 1,626 | (9,749) |
| Cash flows from financing activities: | ||
| Debt repayments | (11,758) | (15,938) |
| Proceeds from issuance of common shares in the Employee Stock Purchase Plan | 165 | 384 |
| Tax withholding payments for vesting of restricted stock | (217) | (2,173) |
| Net cash used in financing activities | (11,810) | (17,727) |
| Effect of exchange rates on cash, cash equivalents, and restricted cash | (203) | 159 |
| Net decrease in cash, cash equivalents, and restricted cash | (1,096) | (41,900) |
| Cash, cash equivalents and restricted cash, beginning of period | 33,409 | 80,091 |
| Cash, cash equivalents, and restricted cash, end of period | $32,313 | $38,191 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for interest | $2,758 | $4,177 |
| Cash paid (received) during the period for income taxes, net | 225 | (10) |
| Supplemental disclosure of noncash investing activities: | ||
| Property and equipment acquired but not yet paid for | $265 | $267 |
| Supplemental disclosure of noncash financing activities: | ||
| Change in fair value of Term Loan warrants due to amended exercise price | $141 | $802 |
| Paid-in-kind fee recorded as incremental debt issuance cost | 566 | 488 |
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