60 results
20-F
2023 FY
SN
SharkNinja, Inc.
1 Mar 24
Annual report (foreign)
5:27pm
The following table reconciles EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin to the most comparable GAAP measure, net income, for the periods presented:
Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands, except %) | 2023 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | $ | 167,078 | $ | 232,354 | $ | 331,113 | Interest expense, net | 44,909 | 27,021 | 16,287 | Provision for income taxes | 126,150 | 69,630 | 83,213 | Depreciation and amortization | 103,821 | 86,708 | 78,183 | EBITDA | 441,958 | 415,713 | 508,796 | Share-based compensation (1) | 46,966 | 5,509 | 13,924 | Litigation costs (2) | 8,973 | 4,513 | 10,602 | Foreign currency losses (gains), net(3) | 35,179 | (9,275) | 3,447 | Transaction-related costs(4) | 82,277 | 2,896 | — | Discretionary executive bonus(5) | — | 34,000 | — | Shareholder-funded executive bonuses(6) | 32,200 | — | — | Product Procurement Adjustment(7) | 83,162 | 70,295 | 75,642 | Divested subsidiary Adjusted EBITDA adjustment(8) | (11,020) | (4,037) | (9,282) | Adjusted EBITDA | $ | 719,695 | $ | 519,614 | $ | 603,129 | Adjusted Net Sales | $ | 4,176,166 | $ | 3,619,932 | $ | 3,625,299 | Adjusted EBITDA Margin | 17.2 | % | 14.4 | % | 16.6 | % |
20-F
2023 FY
SN
SharkNinja, Inc.
1 Mar 24
Annual report (foreign)
5:27pm
Name of Beneficial Owner | Number of Ordinary Shares Beneficially Owned | Percentage of Ordinary Shares | ||||||||||||||||||||||||||||||||||||||||||
Directors, director nominees and executive officers | ||||||||||||||||||||||||||||||||||||||||||||
Mark Barrocas(1) | 1,966,898 | 1.4 | % | |||||||||||||||||||||||||||||||||||||||||
Larry Flynn | — | — | Pedro J. Lopez-Baldrich(2) | 51,927 | * | |||||||||||||||||||||||||||||||||||||||
Neil Shah(3) | 677,121 | * | ||||||||||||||||||||||||||||||||||||||||||
CJ Xuning Wang(4) | 76,058,114 | 54.6 | % | |||||||||||||||||||||||||||||||||||||||||
Peter Feld | — | — | Wendy Hayes | — | — | Chi Kin Max Hui | — | — | Dennis Paul | — | — | Timothy R. Warner | — | — | All directors, director nominees and executive officers as a group (10 persons) | 78,754,060 | 56.5 | % |
20-F
2023 FY
SN
SharkNinja, Inc.
1 Mar 24
Annual report (foreign)
5:27pm
The following table summarizes the Company’s customers that represented 10% or more of accounts receivable, net:
As of December 31, | |||||||||
2023 | 2022 | ||||||||
Customer A | 22.4 | % | 15.1 | % | |||||
Customer B | 16.7 | * | |||||||
Customer C | * | 19.8 |
20-F
2023 FY
SN
SharkNinja, Inc.
1 Mar 24
Annual report (foreign)
5:27pm
The following table presents net sales by brand:
Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||
Amount | Percentage of Net Sales | Amount | Percentage of Net Sales | Amount | Percentage of Net Sales | |||||||||||||||||||||||||||||||||
(in thousands, except percentages) | ||||||||||||||||||||||||||||||||||||||
Shark | $ | 2,158,460 | 50.7 | % | $ | 2,047,972 | 55.1 | % | $ | 2,005,183 | 53.8 | % | ||||||||||||||||||||||||||
Ninja | 2,095,250 | 49.3 | 1,669,394 | 44.9 | 1,721,811 | 46.2 | Total net sales | $ | 4,253,710 | 100.0 | % | $ | 3,717,366 | 100.0 | % | $ | 3,726,994 | 100.0 | % | |||||||||||||||||||
20-F
2023 FY
SN
SharkNinja, Inc.
1 Mar 24
Annual report (foreign)
5:27pm
Amount | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Years ending December 31, | |||||||||||||||||||||||
2024 | $ | 24,145 | 2025 | 23,627 | 2026 | 19,653 | 2027 | 6,807 | 2028 | 4,040 | Thereafter | 14,845 | Total | $ | 93,117 |
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