2 results
20-F
2023 FY
SN
SharkNinja Inc.
1 Mar 24
Annual report (foreign)
5:27pm
Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in percentages) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal statutory income tax rate | 21.0 | % | 21.0 | % | 21.0 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State tax, net of federal benefit | 3.3 | 2.0 | 2.6 | Permanent differences | 0.6 | (0.4) | (0.3) | Foreign-derived intangible income | (0.5) | — | (1.6) | Research and development credits, net | (2.0) | (3.0) | (1.3) | Tax uncertainties | — | 0.4 | — | Deferred tax adjustments | — | (0.2) | 0.4 | Excess tax benefits from share-based compensation | (0.1) | (0.2) | (1.3) | Change in valuation allowance | (0.2) | 2.6 | — | Foreign rate differential | 1.0 | (0.3) | (0.3) | Withholding taxes | 9.9 | 1.0 | — | Limitation on executive compensation | 7.0 | — | — | Non-deductible transaction costs | 2.9 | — | — | Other tax rate items | 0.1 | 0.2 | 0.9 | Total | 43.0 | % | 23.1 | % | 20.1 | % |
20-F
2023 FY
SN
SharkNinja Inc.
1 Mar 24
Annual report (foreign)
5:27pm
Accrued expenses and other current liabilities consisted of the following:
As of December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued customer incentives | $ | 207,593 | $ | 230,195 | Accrued expenses | 106,198 | 75,839 | Accrued compensation and benefits | 89,658 | 71,762 | Accrued returns | 58,828 | 45,529 | Sales and other tax payable | 19,904 | 43,243 | Accrued advertising | 35,968 | 6,108 | Accrued delivery and distributions | 29,850 | 19,946 | Accrued warranty | 28,090 | 20,958 | Operating lease liabilities, current | 8,390 | 13,038 | Accrued professional fees | 8,071 | 4,177 | Derivative liabilities | 3,370 | — | Other | 24,413 | 21,228 | Accrued expenses and other current liabilities | $ | 620,333 | $ | 552,023 |
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