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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 903,210 $ 755,981
Accounts receivable-net 262,920 183,703
Note receivable-current-net 1,166 2,318
Inventories-net 180,669 229,275
Deferred other costs-current 14,124 14,124
Prepaid expenses and other current assets 22,900 19,503
Total current assets 1,384,989 1,204,904
Property and equipment-net 36,282 24,868
Deferred tax assets 22,727 29,518
Right of use assets-operating leases 1,507 1,957
Right of use assets-finance leases 233 208
Deferred other costs-non-current 241,276 248,338
Intangibles-net 11,491 12,139
Goodwill 13,730 14,173
Other long-term assets 6,653 291
Total Assets 1,718,888 1,536,396
Current liabilities:    
Accounts payable 47,423 42,840
Accrued expenses 79,633 62,120
Income taxes payable 5,374 50,424
Accrued promotional allowance 156,479 99,787
Lease liability obligation-operating leases-current 729 980
Lease liability obligation-finance leases 61 59
Deferred revenue-current 9,513 9,513
Other current liabilities 13,772 10,890
Total current liabilities 312,984 276,613
Lease liability obligation-operating leases-non-current 762 955
Deferred tax liabilities 2,201 2,880
Deferred revenue-non-current 162,471 167,227
Lease liability obligation-finance leases-non-current 228 193
Total Liabilities 478,646 447,868
Commitments and contingencies (Note 15)
Mezzanine Equity:    
Series A convertible preferred stock, $0.001 par value per share, 5% cumulative dividends; 1,466,666 shares issued and outstanding at each of June 30, 2024 and December 31, 2023, aggregate liquidation preference of $550,000 as of both June 30, 2024 and December 31, 2023 824,488 824,488
Stockholders’ Equity:    
Common stock, $0.001 par value per share; 300,000,000 shares authorized, 233,344,377 and 231,787,482 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 78 77
Additional paid-in capital 286,173 276,717
Accumulated other comprehensive loss (2,363) (701)
Retained earnings (accumulated deficit) 131,866 (12,053)
Total Stockholders’ Equity 415,754 264,040
Total Liabilities, Mezzanine Equity and Stockholders’ Equity $ 1,718,888 $ 1,536,396