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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 79,506 $ 164,894
Marketable securities 446,729 285,605
Trade accounts receivable, net of allowance for credit losses of $41,205 and $11,217 52,749 138,912
Other current assets 48,889 22,549
Total current assets 627,873 611,960
Marketable securities, long-term 326,648 485,047
Redeemable preferred stock investment 12,385 21,965
Fixed assets, net 81,353 62,287
Intangible assets, net 150,643 35,914
Goodwill 143,027 50,897
Other long-term assets 44,124 10,650
Total assets 1,386,053 1,278,720
Current liabilities    
Accounts payable 23,093 20,494
Accrued liabilities 24,981 17,689
Income tax payable   787
Contract liabilities 3,199 14,570
Customer deposit 10,895 19,806
Investment margin loan 14,999 15,137
Contingent consideration   10,000
Notes payable, current portion 5,639 6,147
Other current liabilities 5,301 680
Total current liabilities 88,107 105,310
Unrecognized tax benefits 9,836 725
Other long-term liabilities 18,235 6,805
Total liabilities 116,178 112,840
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value per share, 50,000 shares authorized, 31,248 shares issued and 29,438 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 486,585 501,908
Accumulated other comprehensive loss (20,903) (759)
Retained earnings 801,000 657,597
Total Fulgent stockholders' equity 1,266,685 1,158,749
Noncontrolling interest 3,190 7,131
Total stockholders’ equity 1,269,875 1,165,880
Total liabilities and stockholders’ equity $ 1,386,053 $ 1,278,720