v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 22,707 $ 8,766
Accounts receivable, net 107,118 50,575
Unbilled receivables 40,136 16,713
Inventory, net 52,804 72,854
Other current assets 4,421 4,632
Total Current Assets 227,186 153,540
Property, plant and equipment, net 24,836 16,870
Goodwill 69,941 69,941
Other intangible assets, net 48,668 56,585
Deferred tax assets 468,195 291,634
Other assets 5,167 6,325
Total Assets 843,993 594,895
Current Liabilities    
Accounts payable 14,396 9,481
Accrued expenses and other 22,907 17,322
Warranty liability—current portion 31,099 560
Deferred revenue 22,228 23,259
Long-term debt—current portion 2,000 2,000
Total Current Liabilities 92,630 52,622
Revolving line of credit 40,000 48,000
Long-term debt, less current portion 139,445 189,063
Warranty liability, less current portion 23,815 0
Other long-term liabilities 3,107 4,221
Total Liabilities 298,997 293,906
Commitments and Contingencies (Note 16)
Stockholders’ Equity    
Preferred stock, $0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and 2022 0 0
Additional paid-in capital 470,542 256,894
Accumulated earnings 74,452 34,478
Total stockholders’ equity attributable to Shoals Technologies Group, Inc. 544,996 291,374
Non-controlling interests 0 9,615
Total stockholders' equity 544,996 300,989
Total Liabilities and Stockholders’ Equity 843,993 594,895
Class A Common Stock    
Stockholders’ Equity    
Common stock 2 1
Class B Common Stock    
Stockholders’ Equity    
Common stock $ 0 $ 1