Array Technologies Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
ARRY$4.73-8.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets F-
Consolidated Balance Sheets
(in thousands, except per share and share amounts)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $249,080 | $133,901 |
| Accounts receivable, net | 332,152 | 421,183 |
| Inventories | 161,964 | 233,159 |
| Income tax receivables | — | 3,532 |
| Prepaid expenses and other | 89,085 | 39,434 |
| Total current assets | 832,281 | 831,209 |
| Property, plant and equipment, net | 31,886 | 23,174 |
| Goodwill | 435,591 | 416,184 |
| Other intangible assets, net | 350,396 | 386,364 |
| Deferred income tax assets | 15,870 | 16,466 |
| Other assets | 40,717 | 32,655 |
| Total assets | $1,706,741 | $1,706,052 |
| LIABILITIES, REDEEMABLE PERPETUAL PREFERRED STOCK AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $119,498 | $170,430 |
| Accrued expenses and other | 70,211 | 54,895 |
| Accrued warranty reserve | 2,790 | 3,690 |
| Income tax payable | 5,754 | 6,881 |
| Deferred revenue | 66,488 | 178,922 |
| Current portion of contingent consideration | 1,427 | 1,200 |
| Current portion of debt | 21,472 | 38,691 |
| Other current liabilities | 48,051 | 10,553 |
| Total current liabilities | 335,691 | 465,262 |
| Deferred income tax liabilities | 66,858 | 72,606 |
| Contingent consideration, net of current portion | 8,936 | 7,387 |
| Other long-term liabilities | 20,428 | 14,808 |
| Long-term warranty | 3,372 | 1,786 |
| Long-term debt, net of current portion | 660,948 | 720,352 |
| Total liabilities | 1,096,233 | 1,282,201 |
| Commitments and contingencies (Note 16) | ||
| Series A Redeemable Perpetual Preferred Stock: $0.001 par value; 500,000 shares authorized; 432,759 and 406,389 issued, respectively; liquidation preference of $493.1 million and $493.1 million, respectively | 351,260 | 299,570 |
Consolidated Balance Sheets (continued)
(in thousands, except shares and par value)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Stockholders’ equity | ||
| Preferred stock $0.001 par value - 4,500,000 shares authorized; none issued at respective dates | — | — |
| Common stock $0.001 par value - 1,000,000,000 shares authorized; 151,242,120 and 150,513,104 shares issued at respective dates | 151 | 150 |
| Additional paid-in capital | 344,517 | 383,176 |
| Accumulated deficit | (130,230) | (267,470) |
| Accumulated other comprehensive income | 44,810 | 8,425 |
| Total stockholders’ equity | 259,248 | 124,281 |
| Total liabilities, redeemable perpetual preferred stock and stockholders’ equity | $1,706,741 | $1,706,052 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.