v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 538,829 $ 466,400
Accounts receivable, net of allowances of $21,309 and $21,465 34,886 40,921
Inventory 85,907 95,922
Other current assets 10,090 9,953
Total current assets 669,712 613,196
Property and equipment, net 1,238 930
Intangible assets, net 911,477 947,714
Goodwill 168,300 168,300
Other assets 8,430 10,198
Total assets 1,759,157 1,740,338
Current Liabilities:    
Accounts payable 11,356 7,073
Sales and income taxes payable 5,654 9,067
Accrued expenses and other current liabilities 19,797 20,576
Current portion of long-term debt 6,750 6,750
Current portion of Related Party payable pursuant to Tax Receivable Agreement 13,006 12,675
Total current liabilities 56,563 56,141
Long-term debt 645,040 649,023
Deferred tax liabilities 3,636 3,016
Related Party payable pursuant to Tax Receivable Agreement 172,390 185,496
Other liabilities 1,798 1,694
Total liabilities 879,427 895,370
Contingencies (Note 11)
Stockholders’ equity (Notes 1 and 9):    
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 662,479,324 and 660,731,935 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 662 671
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 325,288 316,489
Accumulated other comprehensive (loss) income (985) 1,365
Retained earnings 554,765 526,443
Total stockholders’ equity 879,730 844,968
Total liabilities and stockholders’ equity $ 1,759,157 $ 1,740,338

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