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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 49,491 $ 367,670
Accounts receivable, net 390,921 236,009
Inventories, net 299,010 205,653
Income tax receivables 31,079 9,052
Prepaid expenses and other 46,495 33,649
Total current assets 816,996 852,033
Property, plant and equipment, net 16,878 10,692
Goodwill 379,840 69,727
Other intangible assets, net 470,690 174,753
Deferred tax assets 0 9,345
Other assets 31,314 26,429
Total assets 1,715,718 1,142,979
Current liabilities    
Accounts payable 187,466 91,392
Accounts payable - related party 478 610
Accrued expenses and other 54,837 38,494
Accrued warranty reserve 3,201 3,192
Income tax payable 6,452 60
Deferred revenue 121,624 99,575
Current portion of contingent consideration 0 1,773
Current portion of debt 48,180 4,300
Other current liabilities 10,886 5,909
Total current liabilities 433,124 245,305
Long-term liabilities    
Deferred tax liability 92,931 0
Contingent consideration, net of current portion 9,363 12,804
Other long-term liabilities 7,102 5,557
Long-term warranty 4,743 0
Long-term debt, net of current portion 778,248 711,056
Total long-term liabilities 892,387 729,417
Total liabilities 1,325,511 974,722
Commitments and contingencies (Note 16)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 400,000 and 350,000 shares issued as of March 31, 2022 and December 31, 2021; liquidation preference of $400.0 million and $350.0 million as of March 31, 2022 and December 31, 2021 281,792 237,462
Stockholders’ equity (deficit)    
Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued as of March 31, 2022 and December 31, 2021 0 0
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 150,173,507 and 135,026,940 shares issued as of March 31, 2022 and December 31, 2021 150 135
Additional paid-in capital 411,232 202,562
Accumulated deficit (293,956) (271,902)
Accumulated other comprehensive income (9,011) 0
Total stockholders’ equity (deficit) 108,415 (69,205)
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity (deficit) $ 1,715,718 $ 1,142,979