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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 51,046 $ 367,670
Accounts receivable, net 452,836 236,009
Inventories, net 329,951 205,653
Income tax receivables 16,217 9,052
Prepaid expenses and other 52,831 33,649
Total current assets 902,881 852,033
Property, plant and equipment, net 17,802 10,692
Goodwill 378,706 69,727
Other intangible assets, net 421,862 174,753
Deferred tax assets 18,521 9,345
Other assets 30,573 26,429
Total assets 1,770,345 1,142,979
Current liabilities    
Accounts payable 231,798 91,392
Accounts payable - related party 478 610
Accrued expenses and other 51,072 38,494
Accrued warranty reserve 2,911 3,192
Income tax payable 419 60
Deferred revenue 167,556 99,575
Current portion of contingent consideration 0 1,773
Current portion of debt 51,494 4,300
Other current liabilities 6,949 5,909
Total current liabilities 512,677 245,305
Long-term liabilities    
Deferred tax liability 84,819 0
Contingent consideration, net of current portion 7,686 12,804
Other long-term liabilities 9,723 5,557
Long-term warranty 4,056 0
Long-term debt, net of current portion 793,557 711,056
Total long-term liabilities 899,841 729,417
Total liabilities 1,412,518 974,722
Commitments and contingencies (Note 16)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 412,606 and 350,000 shares issued as of June 30, 2022 and December 31, 2021, respectively; liquidation preference of $413.0 million and $350.0 million as of June 30, 2022 and December 31, 2021, respectively 293,974 237,462
Stockholders’ equity (deficit)    
Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued as of June 30, 2022 and December 31, 2021 0 0
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 150,279,160 and 135,026,940 shares issued as of June 30, 2022 and December 31, 2021, respectively 150 135
Additional paid-in capital 401,614 202,562
Accumulated deficit (299,182) (271,902)
Accumulated other comprehensive income (38,729) 0
Total stockholders’ equity (deficit) 63,853 (69,205)
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,770,345 $ 1,142,979