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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2023
Jan. 01, 2023
Current assets:    
Cash and cash equivalents $ 16,178 $ 30,025
Accounts receivable, net 77,085 62,670
Inventories 16,024 13,397
Prepaid expenses and other current assets 9,069 10,290
Income tax receivable 107 169
Total current assets 118,463 116,551
Property and equipment, net 169,540 179,915
Intangible assets, net 5,216 5,608
Other assets 5,517 3,690
Total assets 298,736 305,764
Current liabilities:    
Current portion of long-term debt 1,964 1,855
Accounts payable 14,182 21,102
Accrued expenses 32,112 25,212
Short-term financing, net of unamortized debt issuance costs 54,233 55,817
Deferred revenue - current 27,943 28,186
Total current liabilities 130,434 132,172
Long-term liabilities:    
Long-term debt, less current portion and net of unamortized debt issuance costs 34,778 35,181
Long-term incentive plan 0 1,643
Deferred revenue - long-term 59,839 67,967
Deferred income tax liability, net 1,202 1,239
Other long-term liabilities 9,601 13,585
Total long-term liabilities 105,420 119,615
Total liabilities 235,854 251,787
Commitments and contingencies (Note 11)
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; 45,399,761 and 43,704,876 shares issued and outstanding) 454 437
Additional paid-in capital 166,179 147,304
Accumulated deficit (107,310) (94,072)
Total shareholders’ equity, SkyWater Technology, Inc. 59,323 53,669
Noncontrolling interests 3,559 308
Total shareholders’ equity 62,882 53,977
Total liabilities and shareholders’ equity $ 298,736 $ 305,764