Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 22,118 $ 126,750
Accounts receivable, net 62,635 26,646
Inventories 163,122 142,961
Income tax receivable 3,415 214
Prepaid expenses and other current assets 10,721 11,951
Total current assets 262,011 308,522
Property, plant and equipment, net 58,844 58,846
Operating lease right-of-use assets 14,946 18,582
Finance lease right-of-use assets 4,811 0
Goodwill 1,033,642 1,031,460
Intangible assets, net 1,012,120 1,037,440
Other assets, net 1,542 1,766
Total assets 2,387,916 2,456,616
Current liabilities:    
Accrued expenses and other current liabilities 24,655 32,705
Deferred revenue 2,653 0
Total current liabilities 66,427 74,154
Long-term debt 665,879 665,280
Operating lease liabilities, net of current portion 12,655 15,484
Finance lease liabilities, net of current portion 4,349 0
Deferred income taxes 267,722 278,270
Founders advisory fees payable - related party 79,511 170,718
Other non-current liabilities 9,785 9,322
Total liabilities 1,212,854 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; 154,520,833 and 156,797,806 shares outstanding at June 30, 2023 and December 31, 2022, respectively 165,067 163,235
Treasury shares, at cost; 10,545,362 shares and 6,436,736 at June 30, 2023 and December 31, 2022, respectively (76,553) (49,341)
Additional paid-in capital 1,695,070 1,698,781
Accumulated other comprehensive loss (21,663) (25,471)
Accumulated deficit (586,859) (648,304)
Total shareholders’ equity 1,175,062 1,138,900
Total liabilities and shareholders’ equity 2,387,916 2,456,616
Nonrelated Party    
Current liabilities:    
Accounts payable 32,174 36,794
Redeemable preferred shares 103,775 101,279
Related Party    
Current liabilities:    
Accounts payable 6,945 4,655
Redeemable preferred shares 2,751 3,209
Customer lists, net    
Current assets:    
Intangible assets, net 692,965 710,329
Technology and patents, net    
Current assets:    
Intangible assets, net 227,169 232,818
Tradenames    
Current assets:    
Intangible assets, net $ 91,986 $ 94,293