10 results
20-F
2023 FY
SN
SharkNinja, Inc.
1 Mar 24
Annual report (foreign)
5:27pm
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred tax assets: | Accrued expenses and reserves | $ | 40,105 | $ | 33,778 | Operating lease liabilities | 13,973 | 15,401 | Share-based compensation | 2,000 | 2,215 | Net operating loss carryforwards | 465 | 6,587 | Capitalized research and development expenditures | 65,528 | 37,180 | Other | 8,442 | 7,463 | Gross deferred tax assets | 130,513 | 102,624 | Valuation allowance | (7,358) | (7,903) | Total deferred tax assets, net of valuation allowance | $ | 123,155 | $ | 94,721 | Deferred tax liabilities: | Goodwill and intangible assets | (126,063) | (128,713) | Property and equipment, net | (1,848) | (3,887) | Derivative financial instruments | — | (4,367) | Right-of-use assets | (11,732) | (12,439) | Total deferred tax liabilities | (139,643) | (149,406) | Net deferred tax liabilities | $ | (16,488) | $ | (54,685) |
20-F
2023 FY
SN
SharkNinja, Inc.
1 Mar 24
Annual report (foreign)
5:27pm
Year Ended December 31, | ||||||||||||||||||||||||||
($ in thousands) | 2023 | 2022 | 2021 | |||||||||||||||||||||||
Research and development | $ | 7,696 | $ | 1,741 | $ | 2,918 | Sales and marketing | 4,934 | 459 | 1,755 | General and administrative | 34,336 | 3,309 | 9,251 | Total share-based compensation | $ | 46,966 | $ | 5,509 | $ | 13,924 |
20-F
2023 FY
SN
SharkNinja, Inc.
1 Mar 24
Annual report (foreign)
5:27pm
The share-based compensation by line item in the accompanying consolidated statements of income is summarized as follows:
Year Ended December 31, | ||||||||||||||||||||||||||
2023 | 2022 | 2021 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||
Research and development | $ | 7,696 | $ | 1,741 | $ | 2,918 | Sales and marketing | 4,934 | 459 | 1,755 | General and administrative | 34,336 | 3,309 | 9,251 | Total share-based compensation | $ | 46,966 | $ | 5,509 | $ | 13,924 |
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
Operating Expenses
Year Ended December 31, | % Change | |||||||||||||||||||||||||||
($ in thousands, except %) | 2023 | 2022 | 2021 | 2022 to 2023 | 2021 to 2022 | |||||||||||||||||||||||
Research and development | $ | 249,387 | $ | 215,660 | $ | 200,641 | 15.6 | % | 7.5 | % | ||||||||||||||||||
Percentage of net sales | 5.9 | % | 5.8 | % | 5.4 | % | Selling and marketing | $ | 897,585 | $ | 621,953 | $ | 619,162 | 44.3 | % | 0.5 | % | |||||||||||
Percentage of net sales | 21.1 | % | 16.7 | % | 16.6 | % | General and administration | $ | 387,316 | $ | 251,207 | $ | 180,124 | 54.2 | % | 39.5 | % | |||||||||||
Percentage of net sales | 9.1 | % | 6.8 | % | 4.8 | % | Total operating expenses | $ | 1,534,288 | $ | 1,088,820 | $ | 999,927 | 40.9 | % | 8.9 | % | |||||||||||
Percentage of net sales | 36.1 | % | 29.3 | % | 26.8 | % |
20-F
d4i93m
1 Mar 24
Annual report (foreign)
5:27pm
20-F
drha0
1 Mar 24
Annual report (foreign)
5:27pm
20-F
2rveqib9m q4nnp
1 Mar 24
Annual report (foreign)
5:27pm
20-F
m3bocdmne
1 Mar 24
Annual report (foreign)
5:27pm
20-F
pvf2t7y 9m89
1 Mar 24
Annual report (foreign)
5:27pm
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