v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 466,400 $ 322,808
Accounts receivable, net of allowances of $21,465 and $19,198 40,921 46,220
Inventory 95,922 144,425
Other current assets 9,953 8,771
Total current assets 613,196 522,224
Property and equipment, net 930 1,034
Intangible assets, net 947,714 995,028
Goodwill 168,300 168,300
Other assets 10,198 11,089
Total assets 1,740,338 1,697,675
Current Liabilities:    
Accounts payable 7,073 9,748
Sales and income taxes payable 9,067 3,415
Accrued expenses and other current liabilities 20,576 17,107
Current portion of long-term debt 6,750 8,438
Current portion of Related Party payable pursuant to Tax Receivable Agreement 12,675 16,380
Total current liabilities 56,141 55,088
Long-term debt 649,023 654,333
Deferred tax liabilities 3,016 1,622
Related Party payable pursuant to Tax Receivable Agreement 185,496 205,675
Other liabilities 1,694 0
Total liabilities 895,370 916,718
Contingencies (Note 14)
Stockholders’ equity (Notes 1 and 12):    
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 660,731,935 and 650,091,380 shares issued and outstanding as of December 31, 2023 and 2022, respectively 671 649
Preferred stock, $0.001 par value per share; 25,000,000 shares authorized and no shares issued and outstanding as of December 31, 2023 and 2022, respectively 0 0
Additional paid-in capital 316,489 312,875
Accumulated other comprehensive income 1,365 2,577
Retained earnings 526,443 464,856
Total stockholders’ equity 844,968 780,957
Total liabilities and stockholders’ equity $ 1,740,338 $ 1,697,675

Source

PDF