Unaudited

v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 322,808 $ 186,388
Accounts receivable, net of allowances of $19,198 and $8,231 46,220 40,779
Inventory 144,425 98,399
Other current assets 8,771 9,621
Total current assets 522,224 335,187
Property and equipment, net 1,034 747
Intangible assets, net 995,028 1,043,344
Goodwill 168,300 168,300
Deferred tax assets 0 8,344
Other assets 11,089 4,500
Total assets 1,697,675 1,560,422
Current Liabilities:    
Accounts payable 9,748 19,167
Sales and income taxes payable 3,415 12,144
Accrued expenses and other current liabilities 17,107 17,332
Current portion of long-term debt 8,438 20,112
Current portion of Related Party payable pursuant to Tax Receivable Agreement 16,380 4,157
Total current liabilities 55,088 72,912
Long-term debt 654,333 738,090
Deferred tax liabilities 1,622 0
Related Party payable pursuant to Tax Receivable Agreement 205,675 225,122
Total liabilities 916,718 1,036,124
Contingencies (Note 14)
Stockholders’ equity (Notes 1 and 12):    
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 650,091,380 and 648,794,041 shares issued and outstanding as of December 31, 2022 and 2021, respectively 649 648
Preferred stock, $0.001 par value per share; 25,000,000 shares authorized and no shares issued and outstanding as of December 31, 2022 and 2021, respectively 0 0
Additional paid-in capital 312,875 302,866
Accumulated other comprehensive income 2,577 0
Retained earnings 464,856 220,784
Total stockholders’ equity 780,957 524,298
Total liabilities and stockholders’ equity $ 1,697,675 $ 1,560,422

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