← Beachbody Company, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net loss | — | ($531k) | ($228.4m) | ($194.2m) | ($152.6m) | ($71.6m) | ($2.9m) | |
| Net Income (Loss) Attributable to Parent | — | — | ($228.4m) |
($194.2m)
+14.97%
|
($152.6m)
+21.40%
|
($71.6m)
+53.07%
|
($2.9m)
+96.01%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | ($228.4m) | — | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($228.4m) | — | — | — | — | |
| Depreciation, Depletion and Amortization | — | — | $59.6m | $74.8m | $39.6m | $31.4m | $8.7m | |
| Depreciation, Depletion and Amortization | — | — | $59.6m | $74.8m | $39.6m | $31.4m | $8.7m | |
| Amortization of Debt Issuance Costs | — | — | — | $733k | $1.9m | $2.5m | $1.4m | |
| Amortization of Intangible Assets | — | — | $10.6m | $18.3m | $5.1m | — | — | |
| Depreciation | — | — | $49.0m | $56.6m | $34.5m | $31.4m | $8.7m | |
| Depreciation and amortization expense | $44.7m | $44.3m | $59.6m | $74.8m | $39.6m | $31.4m | $8.7m | |
| Amortization of content assets | $8.5m | $7.5m | $14.8m | $24.3m | $23.8m | $15.7m | $8.9m | |
| Deferred Income Tax Expense (Benefit) | — | — | ($15.9m) | $3.0m | $191k | ($5k) | $0 | |
| Deferred income taxes | ($14.5m) | $15.6m | ($15.9m) | ($3.0m) | ($191k) | $5k | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $16.4m | $17.6m | $23.9m | $17.1m | $5.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $3.2m | $308k | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | $16.4m | $17.6m | $23.9m | $17.1m | $5.6m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $4.0m | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | $94.9m | $19.9m | — | — | — | |
| Goodwill, Impairment Loss | — | — | $52.6m | $0 | $40.0m | $20.0m | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $0 | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | $35.2m | — | $3.1m | — | — | |
| Impairment of goodwill | — | — | — | $0 | $40.0m | $20.0m | $0 | |
| Other Nonoperating Income (Expense) | — | — | $3.2m | $958k | $1.7m | $2.9m | $859k | |
| Changes in operating assets and liabilities: | ||||||||
| Increase (Decrease) in Inventories | — | — | $74.3m | ($41.5m) | ($17.5m) | ($4.4m) | ($5.4m) | |
| Inventory Write-down | — | — | $17.5m | — | $10.6m | $4.2m | $1.5m | |
| Provision for inventory | $2.8m | $2.8m | $17.5m | $39.8m | $10.6m | $4.2m | $1.5m | |
| Inventory | ($8.4m) | ($27.8m) | ($74.3m) | $41.5m | $17.5m | $4.4m | $5.4m | |
| Increase (Decrease) in Accounts Payable | — | — | $8.3m | ($26.7m) | ($7.1m) | ($906k) | ($4.2m) | |
| Accounts payable | $2.0m | $410k | $8.3m | ($26.7m) | ($7.1m) | ($906k) | ($4.2m) | |
| Accrued capital expenditures | — | — | $77.9m | $26.5m | $6.6m | $4.5m | $4.4m | |
| Accrued expenses | ($17.5m) | $21.8m | ($11.3m) | ($8.7m) | ($20.3m) | ($16.6m) | ($6.8m) | |
| Deferred revenue | $3.5m | $24.8m | $7.4m | ($9.6m) | $2.2m | ($16.7m) | ($24.0m) | |
| Increase (Decrease) in Other Operating Assets | — | — | — | — | $4.4m | ($17.2m) | ($25.8m) | |
| Increase (Decrease) in Other Operating Liabilities | — | — | — | — | ($415k) | ($631k) | ($2.7m) | |
| Other assets | $5.9m | ($1.8m) | ($2.0m) | $4.2m | ($4.4m) | $17.2m | $25.8m | |
| Other liabilities | ($5.9m) | ($10.4m) | ($4.5m) | ($4.6m) | ($415k) | ($631k) | ($2.7m) | |
| Net Cash Provided by (Used in) Operating Activities | $42.0m |
($362k)
-100.86%
|
($215.2m)
-59405.10%
|
($47.2m)
+78.08%
|
($22.5m)
+52.22%
|
$2.6m
+111.37%
|
$21.8m
+748.95%
|
|
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.6m | $5.6m | $77.9m | $26.5m | $6.6m | $4.5m | $4.4m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | $1.2m | — | $784k | — | |
| Gain (Loss) on Investments | — | — | $3.1m | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $37.3m | — | — | — | — | |
| Net cash (used in) provided by investing activities | ($30.3m) | ($300.0m) | ($125.2m) | ($26.5m) | ($10.8m) | $1.1m | ($4.4m) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($125.2m) | ($26.5m) | ($10.8m) | $1.1m | ($4.4m) | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($3.2m) | ($2.4m) | ($2.2m) | |
| Loss on debt extinguishment | — | — | — | — | $3.2m | $2.4m | $2.2m | |
| Debt Borrowings | — | $32.0m | $42.0m | $50.0m | — | — | $25.0m | |
| Debt repayments | ($25.0m) | ($32.0m) | ($42.0m) | ($625k) | ($17.0m) | ($15.9m) | ($22.6m) | |
| Payment of debt issuance costs | — | — | — | ($4.5m) | — | — | ($1.8m) | |
| Paid-in-kind fee recorded as incremental debt issuance cost | — | — | — | — | $488k | $818k | $0 | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $4.9m | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($32.1m) |
$301.5m
+1040.83%
|
$390.7m
+29.55%
|
$47.6m
-87.83%
|
($13.7m)
-128.84%
|
($15.9m)
-15.68%
|
$1.0m
+106.49%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($19.9m) | $1.2m | $50.2m | ($27.0m) | ($46.7m) | ($13.2m) | $18.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $50.2m | ($27.0m) | ($46.7m) | ($13.2m) | $18.8m | |
| Cash, cash equivalents and restricted cash, beginning of year | $41.6m | $56.8m | $107.1m | $80.1m | $33.4m | $20.2m | $39.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $16k | ($858k) | $398k | ($974k) | $449k | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $408k | $354k | $16k | ($858k) | $398k | ($974k) | $449k | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Proceeds from Stock Options Exercised | — | — | $4.7m | $3.2m | — | — | $524k | |
| Supplemental disclosure of cash flow information: | ||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $626k | $206k | $466k | $2.1m | $5.4m | $3.6m | $2.6m | |
| Income Taxes Paid, Net | $1.1m | $333k | $385k | $389k | $11k | $232k | $73k | |
| Additional Financial Items | ||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | $0 | $600k | $200k | $600k | ($300k) | |
| Gain (Loss) on Sale of Derivatives | — | — | ($550k) | ($108k) | ($222k) | ($64k) | $0 | |
| General and Administrative Expense | — | — | $79.7m | $78.4m | $57.9m | $49.2m | $39.9m | |
| Goodwill | — | — | $125.2m | — | $85.2m | $65.2m | $65.2m | |
| Income Tax Expense (Benefit) | — | — | ($15.5m) | ($3.1m) | $37k | $239k | $125k | |
| Investment Income, Interest | — | — | — | — | — | $1.2m | $1.1m | |
| Operating Expenses | — | — | $842.3m | $572.7m | $464.1m | $353.6m | $178.3m | |
| Restructuring Costs | — | — | — | $10.0m | $6.5m | $7.8m | — | |
| Realized losses on hedging derivative financial instruments | $219k | $92k | $550k | $108k | $222k | $64k | $0 | |
| Change in fair value of warrant liabilities | $0 | $0 | ($50.7m) | ($8.3m) | ($2.7m) | ($1.1m) | $2.0m | |
| Equity-based compensation | $3.6m | $5.4m | $16.4m | $17.6m | $23.9m | $17.1m | $5.6m | |
| Change in lease assets | — | — | — | — | $2.0m | — | $1.4m | |
| Other non-cash items | $726k | $93k | — | $1.2m | — | — | — | |
| Content assets | ($10.4m) | ($15.6m) | ($31.3m) | ($19.8m) | ($10.2m) | ($6.5m) | ($3.0m) | |
| Prepaid expenses | ($5.5m) | ($294k) | ($6.8m) | $2.8m | $2.3m | $1.7m | $2.2m | |
| Proceeds from exercise of stock options | — | — | $4.7m | $3.2m | — | $0 | $524k | |
| Remittance of taxes withheld from employee stock awards | — | — | ($3.2m) | ($308k) | — | — | — | |
| Proceeds from issuance of common shares in the Employee Stock Purchase Plan | — | — | — | — | $553k | $272k | $143k | |
| Tax withholdings payments for vesting of restricted stock | — | — | — | ($183k) | ($2.2m) | ($263k) | ($274k) | |
| Cash received during the year for federal income taxes | — | — | — | — | — | $0 | ($324k) | |
| Cash paid during the year | — | — | — | — | — | $147k | $83k | |
| Change in fair value of term loan warrants due to amended exercise price | — | — | — | — | $802k | $192k | $0 |