Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 71,761 $ 126,750
Accounts receivable, net 72,098 26,646
Inventories 139,785 142,961
Income tax receivable 3,728 214
Prepaid expenses and other current assets 6,984 11,951
Total current assets 294,356 308,522
Property, plant and equipment, net 58,308 58,846
Operating lease right-of-use assets 16,959 18,582
Finance lease right-of-use assets 5,585 0
Goodwill 1,028,802 1,031,460
Intangible assets, net 954,498 1,037,440
Other assets, net 1,428 1,766
Total assets 2,359,936 2,456,616
Current liabilities:    
Accrued expenses and other current liabilities 37,611 32,705
Deferred revenue 1,169 0
Total current liabilities 63,537 74,154
Long-term debt 666,184 665,280
Operating lease liabilities, net of current portion 15,385 15,484
Finance lease liabilities, net of current portion 5,036 0
Deferred income taxes 266,784 278,270
Founders advisory fees payable - related party 55,993 170,718
Other non-current liabilities 2,087 9,322
Total liabilities 1,182,551 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; 152,784,298 and 156,797,806 shares outstanding at September 30, 2023 and December 31, 2022, respectively 165,067 163,235
Treasury shares, at cost; 12,281,897 shares and 6,436,736 at September 30, 2023 and December 31, 2022, respectively (86,588) (49,341)
Additional paid-in capital 1,696,819 1,698,781
Accumulated other comprehensive loss (30,336) (25,471)
Accumulated deficit (567,577) (648,304)
Total shareholders’ equity 1,177,385 1,138,900
Total liabilities and shareholders’ equity 2,359,936 2,456,616
Nonrelated Party    
Current liabilities:    
Accounts payable 18,838 36,794
Redeemable preferred shares 104,767 101,279
Related Party    
Current liabilities:    
Accounts payable 5,919 4,655
Redeemable preferred shares 2,778 3,209
Customer lists, net    
Current assets:    
Intangible assets, net 681,509 710,329
Technology and patents, net    
Current assets:    
Intangible assets, net 182,518 232,818
Tradenames    
Current assets:    
Intangible assets, net $ 90,471 $ 94,293