PELOTON INTERACTIVE INC
For the period ended Jun 30, 2024. Filed Aug 22, 2024.
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FY2024 · Filed Aug 22, 2024
PTON$5.81-2.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended June 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash Flows from Operating Activities: | |||
| Net loss | $(551.9) | $(1,261.7) | $(2,827.7) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization expense | 108.8 | 124.3 | 142.8 |
| Stock-based compensation expense | 311.7 | 405.0 | 328.4 |
| Non-cash operating lease expense | 66.2 | 79.8 | 92.4 |
| Amortization of premium from marketable securities | — | — | 3.4 |
| Amortization of debt discount and issuance costs | 14.2 | 13.6 | 35.3 |
| Goodwill impairment | — | — | 181.9 |
| Impairment expense | 57.3 | 144.5 | 390.5 |
| Loss on sale of subsidiary | 3.8 | — | — |
| Net foreign currency adjustments | — | (7.0) | 31.8 |
| Gain on debt extinguishment of convertible notes | (69.8) | — | — |
| Loss on debt extinguishment of term loan | 7.5 | — | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (7.0) | (13.8) | (12.8) |
| Inventories | 163.0 | 537.5 | (173.7) |
| Prepaid expenses and other current assets | 42.6 | 61.2 | (32.5) |
| Other assets | 1.7 | 7.1 | (2.1) |
| Accounts payable and accrued expenses | (95.5) | (347.2) | (168.6) |
| Deferred revenue and customer deposits | (23.6) | (13.9) | 36.8 |
| Operating lease liabilities, net | (90.8) | (89.9) | (55.8) |
| Other liabilities | (4.4) | (27.3) | 10.1 |
| Net cash used in operating activities | (66.1) | (387.6) | (2,020.0) |
| Cash Flows from Investing Activities: | |||
| Proceeds from sale of Peloton Output Park | 31.9 | — | — |
| Maturities of marketable securities | — | — | 211.0 |
| Sales of marketable securities | — | — | 306.7 |
| Capital expenditures and capitalized internal-use software development costs | (19.7) | (82.4) | (337.3) |
| Business combinations, net of cash acquired | — | — | (11.0) |
| Asset acquisitions, net of cash acquired | — | — | (16.0) |
| Proceeds from sales of subsidiary and net assets | 14.6 | 12.4 | — |
| Net cash provided by (used in) investing activities | 26.8 | (69.9) | 153.3 |
| Cash Flows from Financing Activities: | |||
| Proceeds from public offering, net of issuance costs | — | — | 1,218.8 |
| Principal repayment of Term Loan | (742.5) | (7.5) | — |
| Payment of principal on convertible notes | (724.9) | — | — |
| Proceeds from issuance of convertible notes, net of issuance costs | 342.3 | — | — |
| Proceeds from issuance of term loan, net of issuance costs | 986.9 | — | 696.4 |
| Proceeds from employee stock purchase plan withholdings | 3.1 | 6.9 | 17.3 |
| Proceeds from exercise of stock options | 41.2 | 79.8 | 84.3 |
| Principal repayments of finance leases | (0.5) | (2.3) | (1.7) |
| Net cash (used in) provided by financing activities | (94.4) | 76.8 | 2,015.1 |
| Effect of exchange rate changes | (1.0) | 8.6 | (26.5) |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Net change in cash, cash equivalents, and restricted cash | (134.6) | (372.2) | 121.9 |
|---|---|---|---|
| Cash, cash equivalents, and restricted cash — Beginning of period | 885.5 | 1,257.6 | 1,135.7 |
| Cash, cash equivalents, and restricted cash — End of period | $750.9 | $885.5 | $1,257.6 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Cash paid for interest | $95.6 | $79.0 | $1.0 |
| Cash paid for income taxes | $— | $14.9 | $15.2 |
| Term Loan issuance costs recorded within Net Loss | $8.7 | $— | $— |
| Supplemental Disclosures of Non-Cash Investing and Financing Information: | |||
| Accrued and unpaid capital expenditures, including software | $0.1 | $2.4 | $18.7 |
| Stock-based compensation capitalized for software development costs | $— | $12.1 | $10.4 |
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