Shoals Technologies Group, Inc. (SHLS)

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=jivedata("SHLS","financials")

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Shoals Technologies Group, Inc.

SHLS • CIK 0001831651

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Revenue from Contract with Customer, Excluding Assessed Tax	$488,939	$399,208	$475,331	$588,058
Cost of Revenue	$320,635	$257,191	$308,823	$400,357
Gross Profit	$168,304	$142,017	$166,508	$187,701
Operating Income (Loss)	$79,035	$51,172	$56,385	$62,515
InterestExpenseNonoperating	—	$13,827	$9,994	$11,720
Investment Income, Interest	—	$518	$305	$438
Gain (Loss) on Disposition of Assets	$0	—	$1,835	$-1,301
Foreign Currency Transaction Gain (Loss), before Tax	—	—	$-13	$-41
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax	$54,935	$37,863	$48,518	$48,518
Income Tax Expense (Benefit)	$12,274	$13,736	$14,944	$12,799
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$42,661	$24,127	$33,574	$33,574
Net Income (Loss) Attributable to Noncontrolling Interest	$2,687	$0	$0	$0
Net Income (Loss) Attributable to Parent	$39,974	$24,127	$33,574	$31,842
General and Administrative Expense	$80,719	$82,254	$101,524	$116,246
Depreciation, Depletion and Amortization, Nonproduction	$8,550	$8,591	$8,599	$8,940
Operating Expenses	$89,269	$90,845	$110,123	$125,186
Weighted Average Number of Shares Outstanding, Basic	164,165,000	168,570,000	167,257,000	167,941,000
Weighted Average Number of Shares Outstanding, Diluted	164,504,000	168,725,000	168,378,000	171,033,000

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Property, Plant and Equipment, Net	$24,836	$28,222	$53,302	$63,265
Goodwill	$69,941	$69,941	$69,941	$69,941
Finite-Lived Intangible Assets, Net	$48,668	$41,083	$33,499	$29,706
Deferred Income Tax Assets, Net	$468,195	$454,160	$438,027	$434,758
Operating Lease, Right-of-Use Asset	$2,871	$1,786	$46,044	$43,946
Other Assets, Noncurrent	$5,167	$11,322	$5,402	$5,826
Assets	$843,993	$793,080	$904,101	$1,016,900
Long-term Line of Credit, Noncurrent	$40,000	$141,750	$136,750	$196,750
Operating Lease, Liability, Noncurrent	$2,116	$1,235	$38,661	$37,061
Product Warranty Accrual, Noncurrent	$23,815	$11,392	$403	$403
Other Liabilities, Noncurrent	$3,107	$2,226	$991	$991
Liabilities	$298,997	$236,280	$304,128	$399,681
Cash and Cash Equivalents, at Carrying Value	$22,707	$23,511	$7,320	$15,724
Accounts Receivable, after Allowance for Credit Loss, Current	$107,118	$78,181	$128,793	$134,822
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$40,136	$20,834	$22,133	$22,526
Inventory, Net	$52,804	$55,977	$89,878	$184,720
Other Assets, Current	$4,421	$9,849	$9,762	$11,475
Assets, Current	$227,186	$188,352	$257,886	$369,458
Accounts Payable, Current	$14,396	$20,032	$64,875	$65,981
Accrued Liabilities and Other Liabilities	$22,907	$12,541	$22,215	$35,270
Product Warranty Accrual, Current	$31,099	$29,602	$3,202	$3,481
Contract with Customer, Liability, Current	$22,228	$18,737	$37,031	$55,245
Liabilities, Current	$92,630	$80,912	$127,323	$164,476
Preferred Stock, Value, Issued	$0	$0	$0	$0
Additional Paid in Capital	$470,542	$483,550	$493,090	$498,495
Treasury Stock, Common, Value	—	$25,331	$25,272	$25,272
Retained Earnings (Accumulated Deficit)	$74,452	$98,579	$132,153	$143,994
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$544,996	$556,800	$599,973	$599,973
Preferred Stock, Shares Authorized	5,000,000	5,000,000	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0	0	0
Treasury Stock, Common, Shares	—	3,908,387	3,908,387	3,908,387

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$13,941	$804	$-16,191	$11,038
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$22,707	$23,511	$7,320	$-26,412
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$42,661	$24,127	$33,574	$33,574
Net Cash Provided by (Used in) Operating Activities	$91,955	$80,388	$17,067	$-19,310
Payments to Acquire Property, Plant, and Equipment	$10,578	$8,393	$33,043	$32,276
Proceeds from Sale of Property, Plant, and Equipment	—	—	$5,088	$0
Payments for (Proceeds from) Other Investing Activities	$269	$0	$0	$0
Net Cash Provided by (Used in) Investing Activities	$-10,847	$-8,393	$-27,955	$-32,276
Payments of Capital Distribution	$2,628	$0	$0	$0
Payment, Tax Withholding, Share-based Payment Arrangement	$3,880	$1,222	$362	$2,376
Payments of Debt Issuance Costs	$0	$2,638	$0	$0
Proceeds from Long-term Lines of Credit	$45,000	$148,750	$60,000	$90,000
Payments for Repurchase of Common Stock	—	$25,331	$0	$0
Payments of Stock Issuance Costs	$1,159	$0	$0	$0
Net Cash Provided by (Used in) Financing Activities	$-67,167	$-71,191	$-5,303	$62,624
Interest Paid, Excluding Capitalized Interest, Operating Activities	$23,104	$16,287	$9,110	$10,483
Income Taxes Paid, Net	—	—	$-183	$-948
Depreciation, Depletion and Amortization	$10,529	$12,626	$13,817	$15,927
Amortization of Debt Issuance Costs	$2,165	$3,093	$622	$622
Share-based Payment Arrangement, Noncash Expense	$20,862	$14,230	$9,902	$12,345
Accounts Receivable, Credit Loss Expense (Reversal)	$296	$0	$0	$0
Inventory Write-down	$5,041	$2,670	$1,206	$2,834
Product Warranty Expense	$59,556	$15,203	$522	$4,635
Deferred Income Tax Expense (Benefit)	$11,334	$14,035	$16,132	$12,809
Other Operating Activities, Cash Flow Statement	—	—	$1,049	$7,712
Capital Expenditures Incurred but Not yet Paid	—	—	$1,523	$-1,346
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$0	—	$46,168	$46,168
Increase (Decrease) in Accounts Receivable	$56,839	$-28,937	$50,612	$31,390
Increase (Decrease) in Contract with Customer, Asset	$23,423	$-19,302	$1,299	$12,665
Increase (Decrease) in Inventories	$-15,009	$5,843	$35,107	$130,655
Increase (Decrease) in Other Current Assets	$-1,355	$9,767	$-1,822	$-1,823
Increase (Decrease) in Accounts Payable	$5,171	$5,636	$43,320	$38,086
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities	$4,471	$-11,247	$4,790	$10,879
Increase (Decrease) in Contract with Customer, Liability	$-1,031	$-3,491	$18,294	$35,170

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Import this data to Google Sheets with:

=jivedata("SHLS","financials")

Full statements spill as a table. For one cell: =jivedata("SHLS","Revenue") or =jivedata("SHLS","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.