v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 8,766 $ 5,006
Accounts receivable, net 50,575 31,499
Unbilled receivables 16,713 13,533
Inventory, net 72,854 38,368
Other current assets 4,632 5,042
Total Current Assets 153,540 93,448
Property, plant and equipment, net 16,870 15,574
Goodwill 69,941 69,436
Other intangible assets, net 56,585 65,236
Deferred tax assets 291,634 176,958
Other assets 6,325 5,762
Total Assets 594,895 426,414
Current Liabilities    
Accounts payable 9,481 19,985
Accrued expenses and other 17,882 7,728
Deferred revenue 23,259 1,841
Long-term debt—current portion 2,000 2,000
Total Current Liabilities 52,622 31,554
Revolving line of credit 48,000 55,140
Long-term debt, less current portion 189,063 189,913
Payable pursuant to the tax receivable agreement 0 156,374
Other long-term liabilities 4,221 931
Total Liabilities 293,906 433,912
Commitments and Contingencies (Note 15)
Stockholders’ Equity (Deficit)    
Preferred stock, $0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of December 31, 2022 and 2021 0 0
Additional paid-in capital 256,894 95,684
Accumulated earnings (deficit) 34,478 (93,133)
Total stockholders’ equity attributable to Shoals Technologies Group, Inc. 291,374 2,553
Non-controlling interests 9,615 (10,051)
Total stockholders’ equity (deficit) 300,989 (7,498)
Total Liabilities and Stockholders’ Equity (Deficit) 594,895 426,414
Class A Common Stock    
Stockholders’ Equity (Deficit)    
Common stock 1 1
Class B Common Stock    
Stockholders’ Equity (Deficit)    
Common stock $ 1 $ 1