XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 164,894 $ 87,426
Marketable securities 285,605 211,941
Trade accounts receivable, net of allowance for credit losses of $11,217 and $1,898 as of December 31, 2021 and 2020, respectively 138,912 183,857
Other current assets 22,549 40,392
Total current assets 611,960 523,616
Marketable securities, long-term 485,047 132,502
Redeemable preferred stock investment 21,965  
Fixed assets, net 62,287 40,199
Intangible assets, net 35,914  
Goodwill 50,897  
Other long-term assets 10,650 4,144
Total assets 1,278,720 700,461
Current liabilities    
Accounts payable 20,494 26,488
Accrued liabilities 17,689 8,446
Income tax payable 787 53,319
Contract liabilities 14,570 26,576
Customer deposit 19,806 185
Investment margin loan 15,137 15,019
Contingent consideration 10,000  
Notes payable 6,147  
Other current liabilities 680 82
Total current liabilities 105,310 130,115
Unrecognized tax benefits 725 377
Other long-term liabilities 6,805 582
Total liabilities 112,840 131,074
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value per share, 50,000 shares authorized, 30,160 and 28,178 shares issued and outstanding at December 31, 2021 and 2020, respectively 3 3
Preferred stock, $0.0001 par value per share, 1,000 shares authorized, no shares issued or outstanding at December 31, 2021 and 2020
Additional paid-in capital 501,908 418,065
Accumulated other comprehensive (loss) income (759) 438
Retained earnings 657,597 150,881
Total Fulgent stockholders' equity 1,158,749 569,387
Noncontrolling interest 7,131  
Total stockholders’ equity 1,165,880 569,387
Total liabilities and stockholders’ equity $ 1,278,720 $ 700,461