3 results
20-F
2023 FY
SN
SharkNinja Inc.
1 Mar 24
Annual report (foreign)
5:27pm
Aggregate principal maturities of long-term debt as of December 31, 2023 were as follows:
Amount | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Years ending December 31, | ||||||||||||||||||||
2024 | $ | 25,313 | 2025 | 40,500 | 2026 | 40,500 | 2027 | 40,500 | 2028 | 658,125 | Total future principal payments | $ | 804,938 |
20-F
2023 FY
SN
SharkNinja Inc.
1 Mar 24
Annual report (foreign)
5:27pm
Long-term debt related to the 2020 and 2023 Term Loans consisted of the following:
As of December 31, | ||||||||||||||||||||||||||||
2023 | 2022 | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
2020 Term Loans with principal payments due on March 20 each year; interest at LIBOR plus 1.8%; final balance due on maturity date of March 19, 2025 | $ | — | $ | 437,500 | 2023 Term Loans with principal payments due quarterly; interest at SOFR plus 1.875%; final balance due on maturity date of July 20, 2028 | 804,938 | — | Less: deferred financing costs | (5,298) | (1,359) | Total debt, net of deferred financing costs | 799,640 | 436,141 | Less: current portion | (24,157) | (86,972) | Long-term debt, net of current portion | $ | 775,483 | $ | 349,169 |
20-F
2023 FY
SN
SharkNinja Inc.
1 Mar 24
Annual report (foreign)
5:27pm
As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets | Current assets: | Cash and cash equivalents | $ | 154,061 | $ | 192,890 | Restricted cash | — | 25,880 | Accounts receivable, net(1) | 985,172 | 766,503 | Inventories | 699,740 | 548,588 | Prepaid expenses and other current assets(2) | 58,311 | 181,831 | Total current assets | 1,897,284 | 1,715,692 | Property and equipment, net | 166,252 | 137,341 | Operating lease right-of-use assets | 63,333 | 67,321 | Intangible assets, net | 477,816 | 492,709 | Goodwill | 834,203 | 840,148 | Deferred tax assets, noncurrent | 12 | 6,291 | Other assets, noncurrent | 48,170 | 35,389 | Total assets | $ | 3,487,070 | $ | 3,294,891 | Liabilities and Shareholders’ Equity | Current liabilities: | Accounts payable(3) | $ | 459,651 | $ | 328,122 | Accrued expenses and other current liabilities(4) | 620,333 | 552,023 | Tax payable | 20,991 | 1,581 | Current portion of long-term debt | 24,157 | 86,972 | Total current liabilities | 1,125,132 | 968,698 | Long-term debt | 775,483 | 349,169 | Operating lease liabilities, noncurrent | 63,043 | 61,779 | Deferred tax liabilities, noncurrent | 16,500 | 60,976 | Other liabilities, noncurrent | 28,019 | 25,980 | Total liabilities | 2,008,177 | 1,466,602 | Commitments and contingencies (Note 10) | ||||||||||||||||||||||||||||||||||||
Shareholders’ equity: | Ordinary shares, $0.0001 par value per share, 1,000,000,000 shares authorized; 139,083,369 and 138,982,872 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 14 | 14 | Additional paid-in capital | 1,009,590 | 941,206 | Retained earnings | 470,319 | 896,738 | Accumulated other comprehensive loss | (1,030) | (9,669) | Total shareholders’ equity | 1,478,893 | 1,828,289 | Total liabilities and shareholders’ equity | $ | 3,487,070 | $ | 3,294,891 |
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