v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 303,904 $ 338,468
Marketable securities 374,869 521,570
Trade receivables, net of allowances of $41,501 and $16,400, respectively 239,408 622,425
Inventories, net 798,383 1,443,449
Prepaid expenses and other current assets 401,551 378,394
Total current assets 2,118,115 3,304,306
LONG-TERM ASSETS:    
Marketable securities 56,041 407,825
Deferred tax assets, net 0 80,912
Property, plant and equipment, net 423,905 614,579
Operating lease right-of-use assets, net 43,088 64,167
Intangible assets, net 11,169 35,345
Goodwill 51,875 42,996
Other long-term assets 112,201 37,601
Total long-term assets 698,279 1,283,425
Total assets 2,816,394 4,587,731
CURRENT LIABILITIES:    
Trade payables, net 94,730 386,471
Employees and payroll accruals 70,120 76,966
Warranty obligations 163,561 183,047
Deferred revenues and customers advances 27,367 40,836
Accrued expenses and other current liabilities 202,134 205,911
Convertible senior notes, net 345,900 0
Total current liabilities 903,812 893,231
LONG-TERM LIABILITIES:    
Convertible senior notes, net 329,614 627,381
Warranty obligations 315,343 335,197
Deferred revenues 226,770 214,607
Finance lease liabilities 39,197 41,892
Operating lease liabilities 31,293 45,070
Other long-term liabilities 13,999 18,444
Total long-term liabilities 956,216 1,282,591
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS’ EQUITY:    
Common stock of $0.0001 par value - Authorized: 125,000,000 shares; issued: 57,935,436 shares at September 30, 2024 and 57,123,437 shares at December 31, 2023; outstanding: 57,182,072 shares at September 30, 2024 and 57,123,437 shares at December 31, 2023. 6 6
Additional paid-in capital 1,779,212 1,680,622
Treasury stock, at cost; 753,364 shares held (50,315) 0
Accumulated other comprehensive loss (57,253) (46,885)
Retained earnings (Accumulated deficit) (715,284) 778,166
Total stockholders’ equity 956,366 2,411,909
Total liabilities and stockholders’ equity $ 2,816,394 $ 4,587,731