v3.25.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 829.0 $ 697.6
Accounts receivable, net 96.8 103.6
Inventories, net 257.8 329.7
Prepaid expenses and other current assets 123.9 135.1
Total current assets 1,307.5 1,266.0
Property and equipment, net 294.7 353.7
Intangible assets, net 10.0 15.0
Goodwill 41.2 41.2
Restricted cash 47.9 53.2
Operating lease right-of-use assets, net 387.2 435.0
Other assets 21.1 21.0
Total assets 2,109.8 2,185.2
Current liabilities:    
Accounts payable and accrued expenses 390.6 432.3
Deferred revenue and customer deposits 159.7 163.7
Current portion of long-term debt 10.0 10.0
Operating lease liabilities, current 70.1 75.3
Other current liabilities 4.4 3.9
Total current liabilities 634.7 685.2
Convertible senior notes, net 541.0 540.0
Term loan, net 948.3 950.1
Operating lease liabilities, non-current 457.1 503.3
Other non-current liabilities 25.8 25.7
Total liabilities 2,607.0 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, 373,793,790 and 358,120,105 shares of Class A common stock issued and outstanding as of December 31, 2024 and June 30, 2024, respectively; 2,500,000,000 and 2,500,000,000 shares of Class B common stock authorized, 16,065,806 and 18,141,608 shares of Class B common stock issued and outstanding as of December 31, 2024 and June 30, 2024, respectively. 0.0 0.0
Additional paid-in capital 5,060.3 4,948.6
Accumulated other comprehensive income 19.0 15.9
Accumulated deficit (5,576.5) (5,483.7)
Total stockholders’ deficit (497.2) (519.1)
Total liabilities and stockholders' deficit $ 2,109.8 $ 2,185.2