Perimeter Solutions, SA Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEET COMPONENTS (Tables)

9 Months Ended

Sep. 30, 2023

Details of certain balance sheet items are presented below (in thousands):


	September 30, 2023		December 31, 2022
Inventory:
Raw materials and manufacturing supplies	$	69,950	$	65,968
Work in process	228		248
Finished goods	69,607		76,745
Total inventory	$	139,785	$	142,961

Prepaid Expenses and Other Current Assets:
Advance to vendors	$	2,681	$	2,047
Prepaid insurance	797		5,870
Prepaid value-added taxes	1,852		2,872
Other	1,654		1,162
Total prepaid expenses and other current assets	$	6,984	$	11,951

Property, Plant and Equipment:
Buildings	$	3,930	$	3,948
Leasehold improvements	2,671		2,333
Furniture and fixtures	511		344
Machinery and equipment	60,828		58,314
Vehicles	3,974		4,106
Construction in progress	3,843		1,953
Total property, plant and equipment, gross	75,757		70,998
Less: Accumulated depreciation	(17,449)		(12,152)
Total property, plant and equipment, net	$	58,308	$	58,846

Accrued Expenses and Other Current Liabilities:
Accrued bonus	$	3,077	$	3,278
Accrued salaries	2,152		2,332
Accrued employee benefits	1,251		846
Accrued interest	16,100		8,235
Accrued purchases	5,601		1,790
Accrued taxes	5,258		11,000

Operating lease liabilities	2,235		3,541
Finance lease liabilities	544		—
Other	1,393		1,683
Total accrued expenses and other current liabilities	$	37,611	$	32,705

Other Non-Current Liabilities:
LaderaTech contingent earn-out	$	—	$	7,273
Other	2,087		2,049
Total other non-current liabilities	$	2,087	$	9,322