XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 214,877 $ 87,426
Marketable securities 255,102 211,941
Trade accounts receivable, net of allowance for credit losses of $6,893 and $1,898 as of September 30, 2021 and December 31, 2020, respectively 120,822 183,857
Other current assets 32,035 40,392
Total current assets 622,836 523,616
Marketable securities, long-term 407,284 132,502
Redeemable preferred stock investment 20,000  
Fixed assets, net 60,166 40,199
Acquisition-related intangible assets, net 36,684  
Goodwill 48,749  
Other long-term assets 8,949 4,144
Total assets 1,204,668 700,461
Current liabilities    
Accounts payable 24,868 26,488
Income tax payable 17,875 53,319
Contract liabilities 7,879 26,576
Customer deposit 41,510 185
Investment margin loan 15,107 15,019
Other current liabilities 39,919 8,528
Total current liabilities 147,158 130,115
Notes payable 5,947  
Unrecognized tax benefits 534 377
Other long-term liabilities 6,576 582
Total liabilities 160,215 131,074
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value per share, 50,000 shares authorized, 29,829 and 28,178 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 3 3
Preferred stock, $0.0001 par value per share, 1,000 shares authorized, no shares issued or outstanding at September 30, 2021 and December 31, 2020
Additional paid-in capital 483,731 418,065
Accumulated other comprehensive income (loss) (212) 438
Retained earnings 553,258 150,881
Total Fulgent stockholders' equity 1,036,780 569,387
Noncontrolling interest 7,673  
Total stockholders’ equity 1,044,453 569,387
Total liabilities and stockholders’ equity $ 1,204,668 $ 700,461