XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
[1]
Income Statement [Abstract]    
Revenue $ 244,293 $ 148,211
Operating expenses:    
Cost of revenue 40,032 31,391
Selling, general and administrative 33,200 23,471
Research and development 3,695 2,160
Total operating expenses 76,927 57,022
Income from operations 167,366 91,189
Other income (expense):    
Interest expense (2,664) (7,904)
Loss on extinguishment of debt (208) 0 [2]
Change in payable to related parties pursuant to a Tax Receivable Agreement 2,340 5,886
Other income 7 3
Income before income taxes 166,841 89,174
Income tax expense 19,981 13,709
Net income 146,860 75,465 [3]
Net income attributable to non-controlling interests 79,998 52,363
Net income attributable to Maravai LifeSciences Holdings, Inc. $ 66,862 $ 23,102
Net income per Class A common share attributable to Maravai LifeSciences Holdings, Inc.:    
Basic (in usd per share) $ 0.51 $ 0.24
Diluted (in usd per share) $ 0.50 $ 0.24
Weighted average number of Class A common shares outstanding:    
Basic (in shares) 131,489 96,647
Diluted (in shares) 255,287 96,673
[1] As adjusted to reflect the impact of the adoption of Accounting Standards Codification 842 (“ASC 842”). See Note 1 to the condensed consolidated financial statements for a summary of the adjustments.
[2] As adjusted to reflect the impact of the adoption of ASC 842. See Note 1 to the condensed consolidated financial statements for a summary of the adjustments.
[3] As adjusted to reflect the impact of the adoption of ASC 842. See Note 1 to the condensed consolidated financial statements for a summary of the adjustments.