Array Technologies Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $362,992 | $249,080 |
| Restricted cash | 1,149 | — |
| Accounts receivable, net | 275,838 | 332,152 |
| Inventories | 200,818 | 161,964 |
| Prepaid expenses and other | 157,927 | 89,085 |
| Total current assets | 998,724 | 832,281 |
| Property, plant and equipment, net | 26,222 | 27,893 |
| Goodwill | 160,189 | 435,591 |
| Other intangible assets, net | 181,409 | 354,389 |
| Deferred income tax assets | 17,754 | 15,870 |
| Other assets | 41,701 | 40,717 |
| Total assets | $1,425,999 | $1,706,741 |
| LIABILITIES, REDEEMABLE PERPETUAL PREFERRED STOCK AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $172,368 | $119,498 |
| Accrued expenses and other | 91,183 | 70,211 |
| Accrued warranty reserve | 2,063 | 2,790 |
| Income tax payable | 5,227 | 5,754 |
| Deferred revenue | 119,775 | 66,488 |
| Current portion of contingent consideration | 1,193 | 1,427 |
| Current portion of debt | 30,714 | 21,472 |
| Other current liabilities | 15,291 | 48,051 |
| Total current liabilities | 437,814 | 335,691 |
| Deferred income tax liabilities | 21,398 | 66,858 |
| Contingent consideration, net of current portion | 7,868 | 8,936 |
| Other long-term liabilities | 18,684 | 20,428 |
| Long-term warranty | 4,830 | 3,372 |
| Long-term debt, net of current portion | 646,570 | 660,948 |
| Total liabilities | 1,137,164 | 1,096,233 |
| Commitments and contingencies (Note 16) | ||
| Series A Redeemable Perpetual Preferred Stock: $0.001 par value; 500,000 shares authorized; 460,920 and 432,759 issued, respectively; liquidation preference of $493.1 million at both dates | 406,931 | 351,260 |
Consolidated Balance Sheets (continued)
(in thousands, except shares and par value)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| 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; 151,951,652 and 151,242,120 shares issued at respective dates | 151 | 151 |
| Additional paid-in capital | 297,780 | 344,517 |
| Accumulated deficit | (370,624) | (130,230) |
| Accumulated other comprehensive income (loss) | (45,403) | 44,810 |
| Total stockholders’ equity | (118,096) | 259,248 |
| Total liabilities, redeemable perpetual preferred stock and stockholders’ equity | $1,425,999 | $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.