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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 879.3 $ 1,134.8
Marketable securities 0.0 472.0
Accounts receivable, net 74.7 71.4
Inventories, net 1,410.0 937.1
Prepaid expenses and other current assets 207.3 202.8
Total current assets 2,571.3 2,818.1
Property and equipment, net 754.0 591.9
Intangible assets, net 218.2 247.9
Goodwill 41.2 210.1
Restricted cash 86.9 0.9
Operating lease right-of-use assets, net 703.7 580.1
Other assets 39.4 36.7
Total assets 4,414.8 4,485.6
Current liabilities:    
Accounts payable and accrued expenses 716.8 989.1
Customer deposits and deferred revenue 211.0 164.8
Operating lease liabilities, current 87.6 61.9
Other current liabilities 15.9 27.2
Total current liabilities 1,031.3 1,243.0
Convertible senior notes, net 855.3 829.8
Operating lease liabilities, non-current 736.0 620.4
Other non-current liabilities 39.3 38.3
Total liabilities 2,661.8 2,731.5
Commitments and contingencies (Note 10)
Stockholders’ equity    
Common stock, $0.000025 par value; 2,500,000,000 and 2,500,000,000 Class A shares authorized, 307,006,294 and 270,855,356 shares issued and outstanding as of March 31, 2022 and June 30, 2021, respectively; 2,500,000,000 and 2,500,000,000 Class B shares authorized, 30,103,216 and 29,291,774 shares issued and outstanding as of March 31, 2022 and June 30, 2021, respectively. 0.0 0.0
Additional paid-in capital 4,197.9 2,618.9
Accumulated other comprehensive income 10.4 18.2
Accumulated deficit (2,455.3) (883.0)
Total stockholders’ equity 1,753.0 1,754.1
Total liabilities and stockholders’ equity $ 4,414.8 $ 4,485.6