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Peloton Interactive, Inc. – ‘10-Q’ for 12/31/19 – ‘R49’

On:  Thursday, 2/6/20, at 4:02pm ET   ·   For:  12/31/19   ·   Accession #:  1639825-20-11   ·   File #:  1-39058

Previous ‘10-Q’:  ‘10-Q’ on 11/6/19 for 9/30/19   ·   Next:  ‘10-Q’ on 5/6/20 for 3/31/20   ·   Latest:  ‘10-Q’ on 5/2/24 for 3/31/24

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/06/20  Peloton Interactive, Inc.         10-Q       12/31/19   73:8.3M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.12M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     21K 
23: R1          Cover Page                                          HTML     80K 
50: R2          Condensed Consolidated Balance Sheets               HTML    116K 
73: R3          Condensed Consolidated Balance Sheets               HTML     46K 
                (Parenthetical)                                                  
32: R4          Condensed Consolidated Statements of Operations     HTML     91K 
                and Comprehensive Loss                                           
22: R5          Condensed Consolidated Statements of Cash Flows     HTML    130K 
49: R6          Consolidated Statements of Changes in Redeemable    HTML    124K 
                Convertible Preferred Stock and Stockholders?                    
                Equity (Deficit)                                                 
72: R7          Consolidated Statements of Changes in Redeemable    HTML     22K 
                Convertible Preferred Stock and Stockholders?                    
                Equity (Deficit) (Parenthetical)                                 
31: R8          Description of Business and Basis of Presentation   HTML     32K 
24: R9          Summary of Significant Accounting Policies          HTML     33K 
54: R10         Revenue                                             HTML     60K 
60: R11         Investments in Marketable Securities                HTML     55K 
36: R12         Fair Value Measurements                             HTML     71K 
11: R13         Inventory                                           HTML     35K 
55: R14         Acquisition of Tonic Fitness Technology             HTML     39K 
61: R15         Leases                                              HTML     48K 
38: R16         Debt and Financing Arrangements                     HTML     28K 
12: R17         Commitments and Contingencies                       HTML     35K 
53: R18         Stockholders' Equity (Deficit)                      HTML     27K 
62: R19         Equity-Based Compensation                           HTML    116K 
33: R20         Income Taxes                                        HTML     24K 
26: R21         Loss Per Share                                      HTML     70K 
46: R22         Segment Information                                 HTML    117K 
70: R23         Subsequent Events                                   HTML     23K 
34: R24         Summary of Significant Accounting Policies          HTML     72K 
                (Policies)                                                       
27: R25         Revenue (Tables)                                    HTML     41K 
47: R26         Investments in Marketable Securities (Tables)       HTML     53K 
71: R27         Fair Value Measurements (Tables)                    HTML     68K 
35: R28         Inventory (Tables)                                  HTML     37K 
25: R29         Acquisition of Tonic Fitness Technology (Tables)    HTML     34K 
14: R30         Leases (Tables)                                     HTML     48K 
41: R31         Equity-Based Compensation (Tables)                  HTML    106K 
59: R32         Loss Per Share (Tables)                             HTML     72K 
52: R33         Segment Information (Tables)                        HTML    118K 
13: R34         Description of Business and Basis of Presentation   HTML     55K 
                (Details)                                                        
40: R35         Summary of Significant Accounting Policies          HTML     27K 
                (Details)                                                        
58: R36         Revenue - Narrative (Details)                       HTML     32K 
51: R37         Revenue - Disaggregation of Revenue (Details)       HTML     28K 
15: R38         Investments in Marketable Securities - Schedule of  HTML     50K 
                Investments in Marketable Securities (Details)                   
39: R39         Fair Value Measurements (Details)                   HTML     76K 
20: R40         Inventory (Details)                                 HTML     36K 
30: R41         Acquisition of Tonic Fitness Technology -           HTML     43K 
                Narrative (Details)                                              
68: R42         Acquisition of Tonic Fitness Technology - Schedule  HTML     49K 
                of Assets Acquired and Liabilities Assumed                       
                (Details)                                                        
45: R43         Leases - Schedule of Maturities of Lease            HTML     35K 
                Liabilities for Operating Leases (Details)                       
19: R44         Leases - Schedule of Supplemental Balance Sheet     HTML     36K 
                Information (Details)                                            
29: R45         Leases - Schedule of Supplemental Cash Flow and     HTML     35K 
                Other Information Related to Leases (Details)                    
67: R46         Debt and Financing Arrangements (Details)           HTML     56K 
44: R47         Commitments and Contingencies (Details)             HTML     43K 
21: R48         Stockholders' Equity (Deficit) (Details)            HTML     58K 
28: R49         Equity-Based Compensation - Narrative (Details)     HTML    106K 
42: R50         Equity-Based Compensation - Summary of Stock        HTML     61K 
                Option Activity (Details)                                        
16: R51         Equity-Based Compensation - Schedule of Fair Value  HTML     33K 
                Assumptions (Details)                                            
56: R52         Equity-Based Compensation - Schedule of Sock-Based  HTML     42K 
                Compensation Expense (Details)                                   
64: R53         Income Taxes (Details)                              HTML     23K 
43: R54         Loss Per Share - Schedule of Computation of Loss    HTML     38K 
                Per Share (Details)                                              
17: R55         Loss Per Share - Schedule of Potentially Diluted    HTML     31K 
                Securities Not Included In Calculation of Diluted                
                Shares Outstanding (Details)                                     
57: R56         Segment Information - Schedule of Key Performance   HTML     41K 
                Measures by Segment (Details)                                    
65: R57         Segment Information - Reconciliation of Segment     HTML     38K 
                Gross Profit to Consolidated (Details)                           
18: R9999       Uncategorized Items - pton-20191231.htm             HTML     22K 
69: XML         IDEA XML File -- Filing Summary                      XML    129K 
48: XML         XBRL Instance -- pton-20191231_htm                   XML   1.95M 
66: EXCEL       IDEA Workbook of Financial Reports                  XLSX     74K 
 7: EX-101.CAL  XBRL Calculations -- pton-20191231_cal               XML    208K 
 8: EX-101.DEF  XBRL Definitions -- pton-20191231_def                XML    558K 
 9: EX-101.LAB  XBRL Labels -- pton-20191231_lab                     XML   1.36M 
10: EX-101.PRE  XBRL Presentations -- pton-20191231_pre              XML    829K 
 6: EX-101.SCH  XBRL Schema -- pton-20191231                         XSD    121K 
37: JSON        XBRL Instance as JSON Data -- MetaLinks              302±   463K 
63: ZIP         XBRL Zipped Folder -- 0001639825-20-000011-xbrl      Zip    325K 


‘R49’   —   Equity-Based Compensation – Narrative (Details)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.19.3.a.u2
Equity-Based Compensation - Narrative (Details)
$ / shares in Units, $ in Millions
1 Months Ended 3 Months Ended 6 Months Ended
period
USD ($)
$ / shares
shares
USD ($)
$ / shares
USD ($)
$ / shares
shares
USD ($)
Class of Stock [Line Items]          
Stock-based compensation expense   $ 17.1 $ 31.8 $ 35.8 $ 68.5
Weighted-average grant date fair value per option (in dollars per share) | $ / shares   $ 12.38 $ 4.22    
Number of vested warrants (in shares) | shares   240,000   240,000  
Number of warrants outstanding (in shares) | shares   0   0  
Series F Tender Offer          
Class of Stock [Line Items]          
Stock-based compensation expense     $ 28.2   $ 61.7
Employee Stock Options          
Class of Stock [Line Items]          
Weighted average expected term       6 years 2 months 12 days 6 years 3 months 18 days
Weighted average expected volatility       45.00% 45.00%
Weighted-average risk-free interest rate       1.60% 2.90%
Employee Stock Options | 2015 Stock Plan          
Class of Stock [Line Items]          
Expiration period       10 years  
Vesting period       4 years  
Unrecognized stock-based compensation expense   $ 204.7   $ 204.7  
Unrecognized stock-based compensation expense, period for recognition       3 years 6 months  
Employee Stock Options | 2015 Stock Plan | Vesting Upon the 12-Month Anniversary          
Class of Stock [Line Items]          
Vesting percentage       25.00%  
Employee Stock Options | 2015 Stock Plan | Vesting Monthly Over The Following 36 Months          
Class of Stock [Line Items]          
Vesting percentage       75.00%  
Performance Based Options | 2015 Stock Plan          
Class of Stock [Line Items]          
Stock-based compensation expense   0.1 $ 0.2 $ 3.9 $ 0.3
Employee Stock          
Class of Stock [Line Items]          
Stock-based compensation expense   0.9   0.9  
Unrecognized stock-based compensation expense   $ 7.0   $ 7.0  
Unrecognized stock-based compensation expense, period for recognition       1 year 8 months 12 days  
Weighted average expected term   1 year 1 month 6 days   1 year 1 month 6 days  
Weighted average expected volatility   54.80%   54.80%  
Weighted-average risk-free interest rate   1.60%   1.60%  
Employee Stock | 2019 Employee Stock Purchase Plan          
Class of Stock [Line Items]          
Number of purchase periods | period 4        
Purchase period 6 months        
Commencement of offering period       2 years  
Commencement of purchase period       6 months  
Common Stock | Employee Stock Options | 2015 Stock Plan          
Class of Stock [Line Items]          
Exercise price of common stock, percentage of fair market value       100.00%  
Class A Common Stock | 2019 Equity Incentive Plan          
Class of Stock [Line Items]          
Number of shares available for future issuance (in shares) | shares   49,809,576   49,809,576  
Increase in number of shares authorized, as a percentage of total common stock outstanding 5.00%        
Class A Common Stock | Employee Stock | 2019 Employee Stock Purchase Plan          
Class of Stock [Line Items]          
Number of shares available for future issuance (in shares) | shares   5,600,000   5,600,000  
Increase in number of shares authorized, as a percentage of total common stock outstanding 1.00%        
Purchase price of common stock, percentage of fair market value 85.00%        
Class B Common Stock          
Class of Stock [Line Items]          
Number of shares exercised from warrants (in shares) | shares   238,253      
Exercise price of warrants (in dollars per share) | $ / shares   $ 0.19   $ 0.19  

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:2/6/20
For Period end:12/31/19
9/30/1910-Q,  4
12/31/18
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Filing Submission 0001639825-20-000011   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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