v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 722.3 $ 697.6
Accounts receivable, net 101.8 103.6
Inventories, net 333.3 329.7
Prepaid expenses and other current assets 127.6 135.1
Total current assets 1,285.1 1,266.0
Property and equipment, net 330.5 353.7
Intangible assets, net 12.4 15.0
Goodwill 41.2 41.2
Restricted cash 49.7 53.2
Operating lease right-of-use assets, net 416.9 435.0
Other assets 21.3 21.0
Total assets 2,157.1 2,185.2
Current liabilities:    
Accounts payable and accrued expenses 399.8 432.3
Deferred revenue and customer deposits 154.5 163.7
Current portion of long-term debt 10.0 10.0
Operating lease liabilities, current 73.0 75.3
Other current liabilities 2.9 3.9
Total current liabilities 640.2 685.2
Convertible senior notes, net 540.5 540.0
Term loan, net 949.1 950.1
Operating lease liabilities, non-current 482.0 503.3
Other non-current liabilities 25.6 25.7
Total liabilities 2,637.4 2,704.3
Commitments and contingencies (Note 8)
Stockholders’ deficit    
Common stock, $0.000025 par value; 2,500,000,000 and 2,500,000,000 shares of Class A common stock authorized, 363,136,266 and 358,120,105 shares of Class A common stock issued and outstanding as of September 30, 2024 and June 30, 2024, respectively; 2,500,000,000 and 2,500,000,000 shares of Class B common stock authorized, 18,141,608 and 18,141,608 shares of Class B common stock issued and outstanding as of September 30, 2024 and June 30, 2024, respectively. 0.0 0.0
Additional paid-in capital 4,998.2 4,948.6
Accumulated other comprehensive income 6.0 15.9
Accumulated deficit (5,484.6) (5,483.7)
Total stockholders’ deficit (480.3) (519.1)
Total liabilities and stockholders' deficit $ 2,157.1 $ 2,185.2