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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 138,780 $ 164,894
Marketable securities 376,622 285,605
Trade accounts receivable, net of allowance for credit losses of $30,335 and $11,217 133,303 138,912
Other current assets 26,480 22,549
Total current assets 675,185 611,960
Marketable securities, long-term 415,621 485,047
Redeemable preferred stock investment 11,981 21,965
Fixed assets, net 86,049 62,287
Intangible assets, net 89,695 35,914
Goodwill 121,354 50,897
Other long-term assets 61,777 10,650
Total assets 1,461,662 1,278,720
Current liabilities    
Accounts payable 37,109 20,494
Accrued liabilities 27,100 17,689
Income tax payable 2,804 787
Contract liabilities 10,102 14,570
Customer deposit 28,959 19,806
Investment margin loan 14,999 15,137
Contingent consideration 0 10,000
Notes payable, current portion 5,793 6,147
Other current liabilities 661 680
Total current liabilities 127,527 105,310
Unrecognized tax benefits 1,730 725
Other long-term liabilities 21,672 6,805
Total liabilities 150,929 112,840
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value per share, 50,000 shares authorized, 30,481 shares issued and 30,266 shares outstanding and 30,160 shares issued and outstanding 3 3
Preferred stock, $0.0001 par value per share, 1,000 shares authorized, no shares issued or outstanding
Additional paid-in capital 504,066 501,908
Accumulated other comprehensive loss (22,417) (759)
Retained earnings 823,113 657,597
Total Fulgent stockholders' equity 1,304,765 1,158,749
Noncontrolling interest 5,968 7,131
Total stockholders’ equity 1,310,733 1,165,880
Total liabilities and stockholders’ equity $ 1,461,662 $ 1,278,720