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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 5,860 $ 8,766
Accounts receivable, net 97,099 50,575
Unbilled receivables 21,664 16,713
Inventory, net 68,312 72,854
Other current assets 7,180 4,632
Total Current Assets 200,115 153,540
Property, plant and equipment, net 20,198 16,870
Goodwill 69,941 69,941
Other intangible assets, net 52,542 56,585
Deferred tax assets 470,329 291,634
Other assets 5,695 6,325
Total Assets 818,820 594,895
Current Liabilities    
Accounts payable 16,239 9,481
Accrued expenses and other 27,650 17,882
Deferred revenue 31,298 23,259
Long-term debt—current portion 2,000 2,000
Total Current Liabilities 77,187 52,622
Revolving line of credit 20,000 48,000
Long-term debt, less current portion 188,609 189,063
Other long-term liabilities 3,619 4,221
Total Liabilities 289,415 293,906
Commitments and Contingencies (Note 13)
Stockholders’ Equity    
Preferred stock, $0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Additional paid-in capital 461,705 256,894
Accumulated earnings 67,698 34,478
Total stockholders’ equity attributable to Shoals Technologies Group, Inc. 529,405 291,374
Non-controlling interests 0 9,615
Total stockholders' equity 529,405 300,989
Total Liabilities and Stockholders’ Equity 818,820 594,895
Class A Common Stock    
Stockholders’ Equity    
Common stock 2 1
Class B Common Stock    
Stockholders’ Equity    
Common stock $ 0 $ 1