Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 91,789 $ 126,750
Accounts receivable, net 24,715 26,646
Inventories 156,257 142,961
Income tax receivable 1,580 214
Prepaid expenses and other current assets 11,626 11,951
Total current assets 285,967 308,522
Property, plant and equipment, net 59,221 58,846
Operating lease right-of-use assets 17,274 18,582
Goodwill 1,032,802 1,031,460
Intangible assets, net 1,024,796 1,037,440
Other assets, net 1,654 1,766
Total assets 2,421,714 2,456,616
Current liabilities:    
Accounts payable 25,945 36,794
Accrued expenses and other current liabilities 35,939 32,705
Founders advisory fees payable - related party 9,108 4,655
Total current liabilities 70,992 74,154
Long-term debt 665,577 665,280
Operating lease liabilities, net of current portion 14,496 15,484
Deferred income taxes 272,158 278,270
Founders advisory fees payable - related party 137,374 170,718
Redeemable preferred shares 102,700 101,279
Redeemable preferred shares - related party 2,807 3,209
Other non-current liabilities 9,624 9,322
Total liabilities 1,275,728 1,317,716
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 165,066,195 and 163,234,542 shares issued; 158,513,889 and 156,797,806 shares outstanding at March 31, 2023 and December 31, 2022, respectively 165,067 163,235
Treasury shares, at cost; 6,552,306 and 6,436,736 shares at March 31, 2023 and December 31, 2022, respectively (50,205) (49,341)
Additional paid-in capital 1,693,875 1,698,781
Accumulated other comprehensive loss (23,878) (25,471)
Accumulated deficit (638,873) (648,304)
Total shareholders’ equity 1,145,986 1,138,900
Total liabilities and shareholders’ equity 2,421,714 2,456,616
Customer lists, net    
Current assets:    
Intangible assets, net 701,590 710,329
Technology and patents, net    
Current assets:    
Intangible assets, net 230,078 232,818
Tradenames, net    
Current assets:    
Intangible assets, net $ 93,128 $ 94,293