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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income (loss) $ 94,607 $ 172,651
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 68,007 72,335
Unrealized foreign currency exchange rate (gain) loss 16,338 (2,349)
Loss on extinguishment of senior convertible notes 0 58,526
Loss on disposal of property and equipment 1,074 2,049
Non-cash restructuring and impairment charges 0 6,302
Amortization of bond premium and debt issuance costs 1,096 14,629
Stock-based compensation 19,708 22,581
Deferred income taxes (2,021) (23,405)
Changes in reserves and allowances 4,452 (9,953)
Changes in operating assets and liabilities:    
Accounts receivable (90,331) (29,586)
Inventories (266,824) 14,956
Prepaid expenses and other assets (15,486) (26,033)
Other non-current assets (36,932) 32,712
Accounts payable 167,149 43,179
Accrued expenses and other liabilities 19,034 (1,432)
Customer refund liability (5,475) (18,123)
Income taxes payable and receivable 23,105 31,417
Net cash provided by (used in) operating activities (2,499) 360,456
Cash flows from investing activities    
Purchases of property and equipment (93,864) (49,195)
Sale of property and equipment 0 852
Earn-out from the sale of MyFitnessPal platform 35,000 0
Net cash provided by (used in) investing activities (58,864) (48,343)
Cash flows from financing activities    
Payments on long-term debt and revolving credit facility 0 (506,280)
Proceeds from capped call 0 91,722
Common Shares repurchased (50,000) 0
Employee taxes paid for shares withheld for income taxes (803) (1,322)
Proceeds from exercise of stock options and other stock issuances 2,015 1,881
Net cash provided by (used in) financing activities (48,788) (413,999)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (43,962) 8,608
Net increase (decrease) in cash, cash equivalents and restricted cash (154,113) (93,278)
Cash, cash equivalents and restricted cash    
Beginning of period 1,022,126 1,359,680
End of period 868,013 1,266,402
Non-cash investing and financing activities    
Change in accrual for property and equipment 866 (3,278)
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 853,652 1,253,706
Restricted cash 14,361 12,696
Total cash, cash equivalents and restricted cash $ 868,013 $ 1,266,402