$SHLS
Shoals Technologies Group Inc Stock $shls

$shls Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000183165121000010 Filed on May 04, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$45.60M	$40.74M
YoY Change	11.94%
Cost Of Revenue	$26.83M	$26.55M
YoY Change	1.04%
Gross Profit	$18.77M	$14.19M
YoY Change	32.34%
Gross Profit Margin	41.17%	34.82%
Selling, General & Admin	$6.720M
YoY Change
% of Gross Profit	35.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.401M	$2.322M
YoY Change	3.4%
% of Gross Profit	12.79%	16.37%
Operating Expenses	$8.884M	$4.619M
YoY Change	92.34%
Operating Profit	$9.890M	$9.567M
YoY Change	3.38%
Interest Expense	$3.709M	$272.0K
YoY Change	1263.6%
% of Operating Profit	37.5%	2.84%
Other Income/Expense, Net	$0.00
YoY Change
Pretax Income	-$9.810M
YoY Change
Income Tax	-$1.475M	$0.00
% Of Pretax Income
Net Earnings	-$2.859M	$9.295M
YoY Change	-130.76%
Net Earnings / Revenue	-6.27%	22.82%
Basic Earnings Per Share	-$0.06
Diluted Earnings Per Share	-$0.06
COMMON SHARES
Basic Shares Outstanding	93.54M shares
Diluted Shares Outstanding	93.54M shares

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.200M
YoY Change
Cash & Equivalents	$4.227M	$47.14M
Short-Term Investments
Other Short-Term Assets	$6.512M
YoY Change
Inventory	$21.09M
Prepaid Expenses
Receivables	$28.14M
Other Receivables	$0.00
Total Short-Term Assets	$69.96M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$13.16M
YoY Change
Goodwill	$50.20M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$475.0K
YoY Change
Total Long-Term Assets	$182.3M
YoY Change
TOTAL ASSETS
Total Short-Term Assets	$69.96M
Total Long-Term Assets	$182.3M
Total Assets	$252.3M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.94M
YoY Change
Accrued Expenses	$8.534M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00
YoY Change
Long-Term Debt Due	$3.500M
YoY Change
Total Short-Term Liabilities	$24.98M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt	$228.5M
YoY Change
Other Long-Term Liabilities	$41.70M
YoY Change
Total Long-Term Liabilities	$228.5M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$24.98M
Total Long-Term Liabilities	$228.5M
Total Liabilities	$295.1M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings	-$98.34M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$20.27M
YoY Change
Total Liabilities & Shareholders Equity	$252.3M
YoY Change

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	-$2.859M	$9.295M
YoY Change	-130.76%
Depreciation, Depletion And Amortization	$2.401M	$2.322M
YoY Change	3.4%
Cash From Operating Activities	-$17.78M	$17.94M
YoY Change	-199.11%
INVESTING ACTIVITIES
Capital Expenditures	$863.0K	$795.0K
YoY Change	8.55%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$863.0K	-$795.0K
YoY Change	8.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$12.80M	$22.91M
YoY Change	-44.15%
NET CHANGE
Cash From Operating Activities	-$17.78M	$17.94M
Cash From Investing Activities	-$863.0K	-$795.0K
Cash From Financing Activities	$12.80M	$22.91M
Net Change In Cash	-$5.846M	$40.05M
YoY Change	-114.6%
FREE CASH FLOW
Cash From Operating Activities	-$17.78M	$17.94M
Capital Expenditures	$863.0K	$795.0K
Free Cash Flow	-$18.64M	$17.14M
YoY Change	-208.74%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001831651
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	001-39942
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	Shoals Technologies Group, Inc.
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	85-3774438
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	1400 Shoals Way
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Portland
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TN
CY2021Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	37148
CY2021Q1	dei	City Area Code CityAreaCode	(505)
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	881-7567
CY2021Q1	dei	Security12b Title Security12bTitle	Class A Common Stock, $0.00001 Par Value
CY2021Q1	dei	Trading Symbol TradingSymbol	SHLS
CY2021Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2021Q1	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
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CY2021Q1	shls	Income Tax Receivable From Merger IncomeTaxReceivableFromMerger	3069000	USD
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CY2021Q1	shls	Number Of Subsidiaries NumberOfSubsidiaries	4	subsidiary
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CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	202000	USD
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	28138000	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	27004000	USD
CY2021Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	23361000	USD
CY2020Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	17390000	USD
CY2021Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2269000	USD
CY2020Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2269000	USD
CY2021Q1	us-gaap	Inventory Net InventoryNet	21092000	USD
CY2020Q4	us-gaap	Inventory Net InventoryNet	15121000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	17476000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	16832000	USD
CY2021Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4316000	USD
CY2020Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4069000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13160000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12763000	USD
CY2021Q1	us-gaap	Depreciation Depreciation	400000	USD
CY2020Q1	us-gaap	Depreciation Depreciation	300000	USD
CY2021Q1	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	300000	USD
CY2020Q1	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	200000	USD
CY2021Q1	us-gaap	Depreciation Nonproduction DepreciationNonproduction	100000	USD
CY2020Q1	us-gaap	Depreciation Nonproduction DepreciationNonproduction	100000	USD
CY2021Q1	us-gaap	Goodwill Goodwill	50200000	USD
CY2020Q4	us-gaap	Goodwill Goodwill	50200000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	100600000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	100600000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	30608000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	28612000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	69992000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	71988000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2000000.0	USD
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2000000.0	USD
CY2021Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	6175000	USD
CY2020Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11168000	USD
CY2021Q1	us-gaap	Long Term Debt LongTermDebt	231950000	USD
CY2020Q4	us-gaap	Long Term Debt LongTermDebt	358832000	USD
CY2021Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	3500000	USD
CY2020Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3500000	USD
CY2021Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	228450000	USD
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	355332000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	-11009000	USD
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-5475000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-5534000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	93540000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	93540000	shares
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.06
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.06
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1400000	USD
CY2021Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	21400000	USD
CY2021Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P3Y9M18D
CY2021Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2021Q1	shls	Number Of Classes Of Directors NumberOfClassesOfDirectors	3	class
CY2021Q1	shls	Number Of Votes Per Share Of Common Stock NumberOfVotesPerShareOfCommonStock	1	vote
CY2021Q1	shls	Limitation On Issuance Of Class B Common Stock Ratio Of Class B Common Stock Held To Number Of Llc Interests Held Maximum LimitationOnIssuanceOfClassBCommonStockRatioOfClassBCommonStockHeldToNumberOfLLCInterestsHeldMaximum	1
CY2021Q1	shls	Ratio For Cancellation Of Class B Common Stock When Llc Interests Are Redeemed Or Exchanged RatioForCancellationOfClassBCommonStockWhenLLCInterestsAreRedeemedOrExchanged	1
CY2021Q1	shls	Required Ratio Of Class A Common Stock Issued To Number Of Llc Interests Owned RequiredRatioOfClassACommonStockIssuedToNumberOfLLCInterestsOwned	1
CY2021Q1	shls	Required Ratio Of Class A Common Stock Issued To Number Of Llc Interests Owned RequiredRatioOfClassACommonStockIssuedToNumberOfLLCInterestsOwned	1
CY2021Q1	shls	Required Ratio Of Class B Common Stock Owned By Continuing Equity Owners To Number Of Llc Interests Owned By Continuing Equity Owners RequiredRatioOfClassBCommonStockOwnedByContinuingEquityOwnersToNumberOfLLCInterestsOwnedByContinuingEquityOwners	1
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-5475000	USD
CY2021Q1	shls	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Organizational Transaction ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesOrganizationalTransaction	88644000	USD
CY2021Q1	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Sale Of Interest By Parent ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesSaleOfInterestByParent	70976000	USD
CY2021Q1	shls	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Stock Compensation Plan Activity ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesStockCompensationPlanActivity	550000	USD
CY2021Q1	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet	-22593000	USD
CY2021Q1	shls	Noncontrolling Interest Decrease From Awards Vested Shares NoncontrollingInterestDecreaseFromAwardsVestedShares	11941	shares
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1500000	USD
CY2021Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	48500000	USD
CY2021Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	6200000	USD
CY2021Q1	us-gaap	Income Tax Receivable IncomeTaxReceivable	3800000	USD
CY2021Q1	shls	Tax Receivable Agreement Portion Of Income Taxes Receivable Due TaxReceivableAgreementPortionOfIncomeTaxesReceivableDue	2000000.0	USD
CY2021Q1	shls	Tax Receivable Agreement Proportion Of Tax Benefits To Be Paid To Tra Owners TaxReceivableAgreementProportionOfTaxBenefitsToBePaidToTRAOwners	0.85
CY2021Q1	shls	Deferred Income Tax Assets Related To Tax Receivable Agreement DeferredIncomeTaxAssetsRelatedToTaxReceivableAgreement	32100000	USD
CY2021Q1	shls	Tax Receivable Agreement Liability Noncurrent TaxReceivableAgreementLiabilityNoncurrent	27200000	USD
CY2021Q1	shls	Tax Receivable Agreement Proportion Of Tax Benefits To Be Paid To Tra Owners TaxReceivableAgreementProportionOfTaxBenefitsToBePaidToTRAOwners	0.85
CY2021Q1	shls	Tax Receivable Agreement Recognition In Additional Paid In Capital Redemption Of Interest TaxReceivableAgreementRecognitionInAdditionalPaidInCapitalRedemptionOfInterest	4900000	USD
CY2021Q1	shls	Tax Receivable Agreement Proportion Of Tax Benefits To Be Paid To Tra Owners TaxReceivableAgreementProportionOfTaxBenefitsToBePaidToTRAOwners	0.85
CY2021Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	16900000	USD
CY2021Q1	shls	Payable Pursuant To Tax Receivable Agreement Noncurrent Distribution PayablePursuantToTaxReceivableAgreementNoncurrentDistribution	14400000	USD
CY2021Q1	shls	Tax Receivable Agreement Proportion Of Tax Benefits To Be Paid To Tra Owners TaxReceivableAgreementProportionOfTaxBenefitsToBePaidToTRAOwners	0.85
CY2021Q1	shls	Tax Receivable Agreement Recognition In Additional Paid In Capital Distribution TaxReceivableAgreementRecognitionInAdditionalPaidInCapitalDistribution	2500000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	45604000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	40740000	USD

Files In Submission

Name	View Source	Status
0001831651-21-000010-index-headers.html	Edgar Link	pending
0001831651-21-000010-index.html	Edgar Link	pending
0001831651-21-000010.txt	Edgar Link	pending
0001831651-21-000010-xbrl.zip	Edgar Link	pending
exhibit311202110-qq1.htm	Edgar Link	pending
exhibit312202110-qq1.htm	Edgar Link	pending
exhibit321202110-qq1.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
shls-20210331.htm	Edgar Link	pending
shls-20210331.xsd	Edgar Link	pending
shls-20210331_cal.xml	Edgar Link	unprocessable
shls-20210331_def.xml	Edgar Link	unprocessable
shls-20210331_htm.xml	Edgar Link	completed
shls-20210331_lab.xml	Edgar Link	unprocessable
shls-20210331_pre.xml	Edgar Link	unprocessable
Show.js	Edgar Link	pending

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$SHLS
Shoals Technologies Group Inc Stock $shls

2021 Q1 Form 10-Q Financial Statement

#000183165121000010 Filed on May 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SHLS Shoals Technologies Group Inc Stock $shls

2021 Q1 Form 10-Q Financial Statement

#000183165121000010 Filed on May 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SHLS
Shoals Technologies Group Inc Stock $shls