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

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 34,382	$ 47,276
Accounts receivable, net	38,393	39,593
Inventories	144,674	145,652
Prepaid expenses and other current assets	19,426	18,493
Total current assets	236,875	251,014
Property, plant and equipment, net	58,194	59,402
Operating lease right-of-use assets	15,870	16,339
Finance lease right-of-use assets	6,748	6,064
Goodwill	1,031,388	1,036,279
Intangible assets, net	928,468	945,007
Other assets, net	1,204	1,317
Total assets	2,278,747	2,315,422
Current liabilities:
Accrued expenses and other current liabilities	40,208	30,710
Total current liabilities	62,581	55,051
Long-term debt, net	666,808	666,494
Operating lease liabilities, net of current portion	14,520	14,908
Finance lease liabilities, net of current portion	6,200	5,547
Deferred income taxes	247,981	253,454
Founders advisory fees payable - related party	117,222	56,917
Other liabilities	2,155	2,193
Total liabilities	1,227,089	1,163,127
Commitments and contingencies (Note 8)
Shareholders’ equity:
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 166,824,659 and 165,066,195 shares issued; 145,240,112 and 146,451,005 shares outstanding at March 31, 2024 and December 31, 2023, respectively	166,825	165,067
Treasury shares, at cost; 21,584,547 and 18,615,190 shares at March 31, 2024 and December 31, 2023, respectively	(127,685)	(113,407)
Additional paid-in capital	1,701,147	1,701,163
Accumulated other comprehensive loss	(25,253)	(19,710)
Accumulated deficit	(663,376)	(580,818)
Total shareholders’ equity	1,051,658	1,152,295
Total liabilities and shareholders’ equity	2,278,747	2,315,422
Nonrelated Party
Current liabilities:
Accounts payable	14,345	21,639
Redeemable preferred shares	106,831	105,799
Related Party
Current liabilities:
Accounts payable	8,028	2,702
Redeemable preferred shares	2,791	2,764
Customer lists, net
Current assets:
Intangible assets, net	663,573	674,786
Technology and patents, net
Current assets:
Intangible assets, net	176,811	180,653
Tradenames, net
Current assets:
Intangible assets, net	$ 88,084	$ 89,568