Unaudited

v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 369,340 $ 322,808
Accounts receivable, net of allowances of $17,499 and $19,198 45,516 46,220
Inventory 132,014 144,425
Other current assets 16,665 8,771
Total current assets 563,535 522,224
Property and equipment, net 1,026 1,034
Intangible assets, net 982,962 995,028
Goodwill 168,300 168,300
Other assets 10,004 11,089
Total assets 1,725,827 1,697,675
Current Liabilities:    
Accounts payable 9,408 9,748
Sales and income taxes payable 5,799 3,415
Accrued expenses and other current liabilities 19,919 17,107
Current portion of long-term debt 6,750 8,438
Current portion of Related Party payable pursuant to Tax Receivable Agreement 16,352 16,380
Total current liabilities 58,228 55,088
Long-term debt 653,006 654,333
Deferred tax liabilities 2,301 1,622
Related Party payable pursuant to Tax Receivable Agreement 205,675 205,675
Total liabilities 919,210 916,718
Contingencies (Note 10)
Stockholders’ equity (Notes 1 and 8):    
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 653,776,766 and 650,091,380 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 653 649
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 318,124 312,875
Accumulated other comprehensive income 2,020 2,577
Retained earnings 485,820 464,856
Total stockholders’ equity 806,617 780,957
Total liabilities and stockholders’ equity $ 1,725,827 $ 1,697,675

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