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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income $ 3,944 $ 33,766 $ 25,143
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 10,053 9,405 9,163
Amortization/write off of deferred financing costs 5,969 351 38
Equity-based compensation 11,286 8,251 0
Provision for slow-moving inventory (1,418) 188 301
Deferred taxes (1,476) 0 0
Payable pursuant to the TRA adjustment 1,663 0 0
Gain on sale of assets 52 0 0
Changes in assets and liabilities, net of business acquisition:      
Accounts receivable 818 288 (473)
Unbilled receivables (9,739) (1,289) (1,345)
Inventory (17,188) (6,475) (694)
Other assets 341 643 137
Accounts payable (3,877) 4,251 4,195
Accrued expenses (4,511) 4,703 (283)
Net Cash Provided by (Used in) Operating Activities (4,083) 54,082 36,182
Cash Flows Used In Investing Activities      
Purchases of property, plant and equipment (4,126) (3,236) (1,719)
Acquisition of a business, net of cash acquired (12,909) 0 0
Net Cash Used in Investing Activities (17,035) (3,236) (1,719)
Cash Flows from Financing Activities      
Member / non-controlling interest distributions (4,837) (376,046) (13,989)
Employee withholding taxes related to net settled equity awards (137) 0 0
Deferred financing costs (94) (11,821) 0
Proceeds from issuance of Class A common stock sold in an IPO 278,833 0 0
Proceeds from issuance of Class A common stock in follow-on offering, net of underwriting discounts and commissions 281,064 0 0
Payment of debt assumed in acquisition (1,537) 0 0
Deferred offering costs (9,704) (3,738) 0
Net Cash Provided by (Used in) Financing Activities 20,602 (47,855) (27,489)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (516) 2,991 6,974
Cash, Cash Equivalents and Restricted Cash—Beginning of Period 10,073 7,082 108
Cash, Cash Equivalents and Restricted Cash—End of Period 9,557 10,073 7,082
Supplemental Cash Flows Information:      
Cash paid for interest 10,809 3,033 1,819
Cash paid for taxes 1,190 0 0
Non-cash investing and financing activities:      
Reclassification of deferred offering costs to additional paid-in capital 3,902 0 0
Establishment of deferred tax assets 181,901 0 0
Establishment of amounts payable pursuant to tax receivable agreement 154,711 0 0
Capital contribution related to tax receivable agreement 27,011 0 0
Reduction of deferred tax assets and additional paid-in-capital for negative basis on exchanges 6,014 0 0
Income tax receivable from merger due to former owner 3,842 0 0
Deferred tax asset and additional paid-in capital from ConnectPV 238 0 0
Class A common stock issued in ConnectPV acquisition 6,500 0 0
IPO      
Cash Flows from Financing Activities      
Purchase of LLC Interests (124,312) 0 0
Follow-on Offering      
Cash Flows from Financing Activities      
Purchase of LLC Interests (281,064) 0 0
Term Loan Facility      
Cash Flows from Financing Activities      
Proceeds from credit facility 0 350,000 0
Repayments of credit facility (152,750) 0 0
Revolving Credit Facility      
Cash Flows from Financing Activities      
Proceeds from credit facility 49,140 20,000 0
Repayments of credit facility (14,000) 0 0
Term Loan      
Cash Flows from Financing Activities      
Payments on senior debt 0 (26,250) (3,500)
Line of Credit      
Cash Flows from Financing Activities      
Payments on senior debt 0 0 (12,500)
Proceeds from senior debt 0 0 2,500
Delayed Draw Term Loan      
Cash Flows from Financing Activities      
Proceeds from credit facility 0 20,000 0
Repayments of credit facility $ 0 $ (20,000) $ 0