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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 232,321 $ 224,943
Marketable securities 75,011 74,256
Accounts receivable, net 90,391 136,539
Inventories 293,696 351,682
Prepaid expenses and other current assets 15,629 23,842
Total current assets 707,048 811,262
Property and equipment, net 61,165 63,407
Operating lease right-of-use asset 15,843 17,078
Intangible assets, net 570 760
Deferred tax assets 27,066 23,819
Other assets 34,747 33,301
Total assets 846,439 949,627
Current liabilities:    
Accounts payable 38,454 63,195
Accrued expenses and other current liabilities 47,014 69,775
Deferred revenue, current portion 38,556 34,869
Operating lease liabilities, current portion 5,474 5,436
Dividends payable, current portion 984 80,781
Total current liabilities 130,482 254,056
Operating lease liabilities, net of current portion 12,554 13,935
Deferred revenue, net of current portion 3,220 3,789
Other non-current liabilities 6,020 5,112
Total liabilities 152,276 276,892
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2023 and December 31, 2022. 0 0
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of March 31, 2023, 219,249,653 shares issued and outstanding as of March 31, 2023; 1,250,000,000 shares authorized as of December 31, 2022, 219,656,587 shares issued and outstanding as of December 31, 2022. 219 220
Additional paid-in capital 685,114 672,990
Retained earnings 9,099 0
Accumulated other comprehensive loss (269) (475)
Total stockholders’ equity 694,163 672,735
Total liabilities and stockholders’ equity $ 846,439 $ 949,627