Annual report pursuant to Section 13 and 15(d)

PARENT COMPANY INFORMATION - Condensed Balance Sheets (Details)

v3.22.4
PARENT COMPANY INFORMATION - Condensed Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Nov. 09, 2021
Nov. 08, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:                  
Cash and cash equivalents $ 126,750 $ 166,256 $ 125,502   $ 225,554        
Prepaid expenses and other current assets 11,951 4,876 6,763   14,161        
Total current assets 308,522 377,866 335,229 $ 322,043 371,760        
Other assets:                  
Other assets, net 1,766 1,877 1,992   2,219        
Total assets 2,456,616 2,501,054 2,493,937 2,513,414 2,578,383        
Current Liabilities:                  
Accrued purchases 36,794 31,856 42,967   27,469        
Founders advisory fees payable - related party 4,655 9,836 27,116   53,547        
Accrued expenses and other current liabilities 32,705 59,028 22,876   19,025        
Total current liabilities 74,154 101,992 98,346   100,486        
Founders advisory fees payable - related party 170,718 134,598 191,031   312,242        
Redeemable preferred shares 101,279 100,263 99,312   96,867        
Redeemable preferred shares - related party 3,209 3,245 3,215   3,699        
Total liabilities 1,317,716 1,287,454 1,364,974 1,375,432 1,496,765        
Shareholders’ equity:                  
Total shareholders’ equity 1,138,900 1,213,600 1,128,963 1,137,982 1,081,618 $ 1,476,881 $ 252,443 $ 291,422 $ 262,386
Total liabilities and shareholders’ equity 2,456,616 $ 2,501,054 $ 2,493,937 $ 2,513,414 2,578,383        
Parent Company                  
Current assets:                  
Cash and cash equivalents 59,157       216,413        
Intercompany receivable 17,549       14,325        
Prepaid expenses and other current assets 3,699       8,195        
Total current assets 80,405       238,933        
Other assets:                  
Investment in subsidiaries 1,410,004       1,352,389        
Intercompany note receivable 0       20,000        
Other assets, net 124       0        
Total assets 1,490,533       1,611,322        
Current Liabilities:                  
Accrued purchases 3,545       455        
Intercompany payable 64,555       60,566        
Founders advisory fees payable - related party 4,655       53,547        
Accrued expenses and other current liabilities 3,672       636        
Total current liabilities 76,427       115,204        
Founders advisory fees payable - related party 170,718       312,242        
Redeemable preferred shares 101,279       96,867        
Redeemable preferred shares - related party 3,209       3,699        
Total liabilities 351,633       528,012        
Shareholders’ equity:                  
Total shareholders’ equity 1,138,900       1,083,310        
Total liabilities and shareholders’ equity $ 1,490,533       $ 1,611,322