Array Technologies Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 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
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets(unaudited)
(in thousands, except per share and share amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $332,372 | $249,080 |
| Accounts receivable, net of allowance of $6,614 and $3,824, respectively | 282,117 | 332,152 |
| Inventories | 195,697 | 161,964 |
| Prepaid expenses and other | 92,096 | 89,085 |
| Total current assets | 902,282 | 832,281 |
| Property, plant and equipment, net | 27,629 | 27,893 |
| Goodwill | 250,873 | 435,591 |
| Other intangible assets, net | 301,599 | 354,389 |
| Deferred income tax assets | 15,716 | 15,870 |
| Other assets | 65,005 | 40,717 |
| Total assets | $1,563,104 | $1,706,741 |
| LIABILITIES, REDEEMABLE PERPETUAL PREFERRED STOCK AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $149,202 | $119,498 |
| Accrued expenses and other | 48,952 | 70,211 |
| Accrued warranty reserve | 1,503 | 2,790 |
| Income tax payable | 1,437 | 5,754 |
| Deferred revenue | 112,618 | 66,488 |
| Current portion of contingent consideration | 1,873 | 1,427 |
| Current portion of debt | 28,055 | 21,472 |
| Other current liabilities | 31,248 | 48,051 |
| Total current liabilities | 374,888 | 335,691 |
| Deferred income tax liabilities | 55,253 | 66,858 |
| Contingent consideration, net of current portion | 6,792 | 8,936 |
| Other long-term liabilities | 16,885 | 20,428 |
| Long-term warranty | 3,889 | 3,372 |
| Long-term debt, net of current portion | 648,318 | 660,948 |
| Total liabilities | 1,106,025 | 1,096,233 |
Condensed Consolidated Balance Sheets(unaudited) (continued)
(in thousands, except per share and share amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Commitments and contingencies (Note 11) | ||
| Series A Redeemable Perpetual Preferred Stock of $0.001 par value; 500,000 authorized; 453,674 and 432,759 shares issued as of September 30, 2024 and December 31, 2023, respectively; liquidation preference of $493.1 million at both dates | 392,592 | 351,260 |
| Stockholders’ equity | ||
| Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued at respective dates | — | — |
| Common stock of $0.001 par value - 1,000,000,000 shares authorized; 151,934,046 and 151,242,120 shares issued at respective dates | 151 | 151 |
| Additional paid-in capital | 308,347 | 344,517 |
| Accumulated deficit | (243,721) | (130,230) |
| Accumulated other comprehensive income | (290) | 44,810 |
| Total stockholders’ equity | 64,487 | 259,248 |
| Total liabilities, redeemable perpetual preferred stock and stockholders’ equity | $1,563,104 | $1,706,741 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.