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Segment Information (Tables)

9 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Key Performance Measures by Segment

Key financial performance measures of the segments including Revenue, Cost of revenue, and Gross profit are as follows:

			Three Months Ended March 31,												Nine Months Ended March 31,
			2022						2021						2022						2021
			(in millions)
Connected Fitness Products:
Revenue			$	594.4					$	1,022.9					$	1,891.9					$	2,494.4
Cost of revenue			662.3						732.5						1,848.1						1,659.5
Gross profit			$	(67.9)					$	290.4					$	43.8					$	834.8
Subscription:
Revenue			$	369.9					$	239.4					$	1,011.6					$	590.6
Cost of revenue			117.8						84.8						327.2						227.0
Gross profit			$	252.1					$	154.5					$	684.4					$	363.6
Consolidated:
Revenue			$	964.3					$	1,262.3					$	2,903.4					$	3,085.0
Cost of revenue			780.1						817.4						2,175.3						1,886.6
Gross profit			$	184.2					$	444.9					$	728.2					$	1,198.4

Schedule of Reconciliation of Segment Gross Profit to Consolidated Loss Before Tax

The reconciliation between reportable Segment Gross Profit to consolidated (loss) income before tax is as follows:

			Three Months Ended March 31,												Nine Months Ended March 31,
			2022						2021						2022						2021
			(in millions)
Segment Gross Profit			$	184.2					$	444.9					$	728.2					$	1,198.4
Sales and marketing			(227.7)						(208.2)						(860.8)						(500.3)
General and administrative			(242.3)						(180.6)						(731.3)						(430.3)
Research and development			(77.1)						(69.8)						(274.6)						(153.9)
Goodwill impairment			(181.9)						—						(181.9)						—
Impairment expense and loss on disposals			(32.5)						—						(42.5)						—
Restructuring expense			(158.5)						—						(158.5)						—
Total other expense, net			(19.2)						(4.0)						(43.8)						(0.5)
(Loss) income before provision for income taxes			$	(755.0)					$	(17.7)					$	(1,565.0)					$	113.4

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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