indie Semiconductor Inc. (INDI) Financial Statements (2024 and earlier)

Company Profile

Business Address 32 JOURNEY
ALISO VIEJO, CA 92656
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments151,678321,629219,081
Cash and cash equivalents151,678321,629219,081
Restricted cash and investments 250383
Receivables63,60226,44113,842
Inventory, net of allowances, customer advances and progress billings33,14113,2569,080
Inventory33,14113,2569,080
Other undisclosed current assets23,39912,2905,648
Total current assets:271,820373,866248,034
Noncurrent Assets
Operating lease, right-of-use asset13,79012,055 
Property, plant and equipment26,96615,82911,090
Intangible assets, net (including goodwill)503,230199,580211,491
Goodwill295,096136,463115,206
Intangible assets, net (excluding goodwill)208,13463,11796,285
Other noncurrent assets3,0702,021270
Total noncurrent assets:547,056229,485222,851
TOTAL ASSETS:818,876603,351470,885
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities39,81627,34524,084
Accounts payable18,40514,1865,441
Accrued liabilities21,41113,15918,643
Deferred revenue   1,840
Debt4,10615,7002,275
Business combination, contingent consideration, liability83,903  
Other undisclosed current liabilities11,05020,9185,516
Total current liabilities:138,87563,96333,715
Noncurrent Liabilities
Long-term debt and lease obligation156,735155,6995,618
Long-term debt, excluding current maturities156,735155,6995,618
Liabilities, other than long-term debt46,24119,78226,776
Deferred income tax liabilities13,6967,82321,164
Other liabilities21,6951,8445,612
Operating lease, liability10,85010,115 
Other undisclosed noncurrent liabilities  49,575112,919
Total noncurrent liabilities:202,976225,056145,313
Total liabilities:341,851289,019179,028
Equity
Equity, attributable to parent, including:446,149312,812313,046
Additional paid in capital813,742568,564514,891
Accumulated other comprehensive loss(6,170)(11,951)(1,443)
Accumulated deficit(361,441)(243,816)(200,416)
Other undisclosed equity, attributable to parent181514
Equity, attributable to noncontrolling interest30,8761,520(21,189)
Total equity:477,025314,332291,857
TOTAL LIABILITIES AND EQUITY:818,876603,351470,885

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues223,169110,79748,412
Cost of revenue
(Cost of Goods and Services Sold)
(133,606)(60,491)(28,703)
Gross profit:89,56350,30619,709
Operating expenses(224,986)(169,434)(94,501)
Operating loss:(135,423)(119,128)(74,792)
Nonoperating income (expense)2,05765,305(44,142)
Investment income, nonoperating7,8012,567(38,789)
Other nonoperating income (expense)(1,175)(107)42
Interest and debt expense(8,650)(1,692)304
Loss from continuing operations before equity method investments, income taxes:(142,016)(55,515)(118,630)
Other undisclosed income (loss) from continuing operations before income taxes8,6501,692(304)
Loss from continuing operations before income taxes:(133,366)(53,823)(118,934)
Income tax benefit4,5341,035327
Loss from continuing operations:(128,832)(52,788)(118,607)
Loss before gain (loss) on sale of properties:(118,607)
Net loss:(128,832)(52,788)(118,607)
Net income attributable to noncontrolling interest11,2079,38830,563
Net loss available to common stockholders, diluted:(117,625)(43,400)(88,044)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(128,832)(52,788)(118,607)
Other undisclosed comprehensive income (loss)5,781(10,624)(1,365)
Comprehensive loss:(123,051)(63,412)(119,972)
Comprehensive income, net of tax, attributable to noncontrolling interest11,54510,13030,654
Comprehensive loss, net of tax, attributable to parent:(111,506)(53,282)(89,318)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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