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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 5,006 $ 10,073
Accounts receivable, net 31,499 27,004
Unbilled receivables 13,533 3,794
Inventory, net 38,368 15,121
Other current assets 5,042 155
Total Current Assets 93,448 56,147
Property, plant and equipment, net 15,574 12,763
Goodwill 69,436 50,176
Other intangible assets, net 65,236 71,988
Deferred tax assets 176,958 0
Other assets 5,762 4,236
Total Assets 426,414 195,310
Current Liabilities    
Accounts payable 19,985 14,634
Accrued expenses 9,569 5,967
Long-term debt—current portion 2,000 3,500
Total Current Liabilities 31,554 24,101
Revolving line of credit 55,140 20,000
Long-term debt, less current portion 189,913 335,332
Payable pursuant to the tax receivable agreement 156,374 0
Other long-term liabilities 931 0
Total Liabilities 433,912 379,433
Commitments and Contingencies (Note 13)
Stockholders’ Deficit / Members’ Deficit    
Members’ deficit   (184,123)
Preferred stock, $0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of December 31, 2021 0  
Additional paid-in capital 95,684  
Accumulated deficit (93,133)  
Total stockholders’ equity attributable to Shoals Technologies Group, Inc. / members' equity (deficit) 2,553  
Non-controlling interests (10,051)  
Total stockholders’ deficit / members’ deficit (7,498)  
Total Liabilities and Stockholders’ Deficit / Members’ Deficit 426,414 $ 195,310
Class A Common Stock    
Stockholders’ Deficit / Members’ Deficit    
Common stock 1  
Class B Common Stock    
Stockholders’ Deficit / Members’ Deficit    
Common stock $ 1