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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 10,974 $ 12,917
Accounts receivable, net 49,906 39,381
Inventories 11,866 17,500
Prepaid expenses and other current assets 6,077 3,854
Income tax receivable 744 745
Total current assets 79,567 74,397
Property and equipment, net 187,141 180,475
Intangible assets, net 6,576 3,891
Other assets 3,363 4,835
Total assets 276,647 263,598
Current liabilities:    
Current portion of long-term debt 1,042 1,021
Accounts payable 13,848 7,637
Accrued expenses 25,094 17,483
Current portion of contingent consideration 441 816
Deferred revenue - current 24,339 20,808
Total current liabilities 64,764 47,765
Long-term liabilities:    
Long-term debt, less current portion and unamortized debt issuance costs 77,190 58,428
Long-term incentive plan 3,636 4,039
Deferred revenue - long-term 79,392 88,094
Deferred income tax liability, net 858 995
Other long-term liabilities 13,178 4,350
Total long-term liabilities 174,254 155,906
Total liabilities 239,018 203,671
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value per share (80,000,000 shares authorized; zero issued and outstanding) 0 0
Common stock, $0.01 par value per share (200,000,000 shares authorized; 40,449,776 and 39,836,038 shares issued and outstanding) 404 398
Additional paid-in capital 121,697 115,208
Accumulated deficit (84,090) (54,479)
Total shareholders’ equity, SkyWater Technology, Inc. 38,011 61,127
Non-controlling interests (382) (1,200)
Total shareholders’ equity 37,629 59,927
Total liabilities and shareholders’ equity $ 276,647 $ 263,598