v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 507,506 $ 466,400
Accounts receivable, net of allowances of $19,079 and $21,465 25,807 40,921
Inventory 94,643 95,922
Other current assets 11,541 9,953
Total current assets 639,497 613,196
Property and equipment, net 1,241 930
Intangible assets, net 935,917 947,714
Goodwill 168,300 168,300
Other assets 8,416 10,198
Total assets 1,753,371 1,740,338
Current Liabilities:    
Accounts payable 17,222 7,073
Sales and income taxes payable 4,923 9,067
Accrued expenses and other current liabilities 18,156 20,576
Current portion of long-term debt 6,750 6,750
Current portion of Related Party payable pursuant to Tax Receivable Agreement 12,675 12,675
Total current liabilities 59,726 56,141
Long-term debt 647,695 649,023
Deferred tax liabilities 2,678 3,016
Related Party payable pursuant to Tax Receivable Agreement 185,496 185,496
Other liabilities 2,065 1,694
Total liabilities 897,660 895,370
Contingencies (Note 11)
Stockholders’ equity (Notes 1 and 9):    
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 661,283,677 and 660,731,935 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 675 671
Preferred stock, $0.001 par value per share; 25,000,000 shares authorized and no shares issued and outstanding 0 0
Additional paid-in capital 319,843 316,489
Accumulated other comprehensive income 1,004 1,365
Retained earnings 534,189 526,443
Total stockholders’ equity 855,711 844,968
Total liabilities and stockholders’ equity $ 1,753,371 $ 1,740,338

Source

PDF