2023 Q4 Form 20-F Financial Statement

#000195713224000008 Filed on March 01, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $1.377B $4.254B
YoY Change 14.43%
Cost Of Revenue $754.6M $2.346B
YoY Change 1.68%
Gross Profit $622.9M $1.908B
YoY Change 35.29%
Gross Profit Margin 45.22% 44.85%
Selling, General & Admin $453.2M $1.285B
YoY Change 49.88%
% of Gross Profit 72.75% 67.35%
Research & Development $68.96M $249.4M
YoY Change 19.32%
% of Gross Profit 11.07% 13.07%
Depreciation & Amortization $26.43M $103.8M $46.50M
YoY Change -43.17% 19.75%
% of Gross Profit 4.24% 5.44%
Operating Expenses $522.1M $1.534B
YoY Change 40.92%
Operating Profit $100.8M $373.6M
YoY Change 16.23%
Interest Expense -$16.39M -$44.91M
YoY Change 66.33%
% of Operating Profit -16.26% -12.02%
Other Income/Expense, Net $5.888M -$35.43M
YoY Change -566.14%
Pretax Income $90.26M $293.2M
YoY Change -2.9%
Income Tax $40.93M $126.2M
% Of Pretax Income 45.35% 43.02%
Net Earnings $49.32M $167.1M
YoY Change -28.11%
Net Earnings / Revenue 3.58% 3.93%
Basic Earnings Per Share $1.20
Diluted Earnings Per Share $0.35 $1.20
COMMON SHARES
Basic Shares Outstanding 139.1M shares 139.0M shares
Diluted Shares Outstanding 139.4M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $154.1M $154.1M
YoY Change -20.13%
Cash & Equivalents $154.1M $154.1M $192.9M
Short-Term Investments
Other Short-Term Assets $20.18M $58.31M
YoY Change -56.77%
Inventory $699.7M $699.7M $548.6M
Prepaid Expenses $12.31M $79.67M
Receivables $985.2M $985.2M $766.5M
Other Receivables $38.13M $0.00 $30.52M
Total Short-Term Assets $1.897B $1.897B $1.716B
YoY Change 10.58% 10.58%
LONG-TERM ASSETS
Property, Plant & Equipment $166.3M $229.6M $137.3M
YoY Change 21.05% 12.16%
Goodwill $834.2M $840.1M
YoY Change -0.71%
Intangibles $477.8M $492.7M
YoY Change -3.02%
Long-Term Investments
YoY Change
Other Assets $48.17M $48.18M $35.39M
YoY Change 36.12% 15.54%
Total Long-Term Assets $1.590B $1.590B $1.579B
YoY Change 0.67% 0.67%
TOTAL ASSETS
Total Short-Term Assets $1.897B $1.897B $1.716B
Total Long-Term Assets $1.590B $1.590B $1.579B
Total Assets $3.487B $3.487B $3.295B
YoY Change 5.83% 5.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $459.7M $459.7M $328.1M
YoY Change 40.09% 40.09%
Accrued Expenses $620.3M $620.3M $552.0M
YoY Change 12.37% 18.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $24.16M $24.16M $86.97M
YoY Change -72.22% -72.23%
Total Short-Term Liabilities $1.125B $1.125B $968.7M
YoY Change 16.15% 16.15%
LONG-TERM LIABILITIES
Long-Term Debt $775.5M $775.5M $349.2M
YoY Change 122.09% 122.07%
Other Long-Term Liabilities $28.02M $91.06M $25.98M
YoY Change 7.85% 3.72%
Total Long-Term Liabilities $803.5M $866.5M $375.1M
YoY Change 114.18% 98.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.125B $1.125B $968.7M
Total Long-Term Liabilities $803.5M $866.5M $375.1M
Total Liabilities $2.008B $2.008B $1.467B
YoY Change 36.93% 36.93%
SHAREHOLDERS EQUITY
Retained Earnings $470.3M $896.7M
YoY Change -47.55%
Common Stock $14.00K $14.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.479B $1.479B $1.828B
YoY Change
Total Liabilities & Shareholders Equity $3.487B $3.487B $3.295B
YoY Change 5.83% 5.83%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $49.32M $167.1M
YoY Change -28.11%
Depreciation, Depletion And Amortization $26.43M $103.8M $46.50M
YoY Change -43.17% 19.75%
Cash From Operating Activities $184.8M $280.6M $219.1M
YoY Change -15.65% 36.88%
INVESTING ACTIVITIES
Capital Expenditures $53.71M $122.7M $56.40M
YoY Change -4.77% 30.02%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.051M $42.80M
YoY Change -100.0% -92.75%
Cash From Investing Activities -$53.71M -$118.1M -$13.70M
YoY Change 292.06% 125.33%
FINANCING ACTIVITIES
Cash Dividend Paid $150.2M
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -159.8M -$234.9M -128.2M
YoY Change 24.67% 46.61%
NET CHANGE
Cash From Operating Activities 184.8M $280.6M 219.1M
Cash From Investing Activities -53.71M -$118.1M -13.70M
Cash From Financing Activities -159.8M -$234.9M -128.2M
Net Change In Cash -28.72M -$64.71M 77.20M
YoY Change -137.2% 751.43%
FREE CASH FLOW
Cash From Operating Activities $184.8M $280.6M $219.1M
Capital Expenditures $53.71M $122.7M $56.40M
Free Cash Flow $131.1M $157.9M $162.7M
YoY Change -19.42% 42.73%

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CY2023 sharkninja Adjustments To Additional Paid In Capital Decrease From Sale To Former Parent
AdjustmentsToAdditionalPaidInCapitalDecreaseFromSaleToFormerParent
3295000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2023 sharkninja Adjustments To Additional Paid In Capital Affiliate Contributions
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32200000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q4 us-gaap Stockholders Equity
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CY2021 us-gaap Net Income Loss
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CY2023 us-gaap Depreciation Depletion And Amortization
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103821000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 sharkninja Shareholder Funded Executive Bonus Noncash Expense
ShareholderFundedExecutiveBonusNoncashExpense
-32200000 usd
CY2022 sharkninja Shareholder Funded Executive Bonus Noncash Expense
ShareholderFundedExecutiveBonusNoncashExpense
0 usd
CY2021 sharkninja Shareholder Funded Executive Bonus Noncash Expense
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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114163000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
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69205000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
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56446000 usd
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280601000 usd
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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47992000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
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CY2023 us-gaap Payments To Develop Software
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563000 usd
CY2022 us-gaap Payments To Develop Software
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42416000 usd
CY2021 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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CY2023 us-gaap Payments To Acquire Equity Method Investments
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CY2022 us-gaap Payments To Acquire Equity Method Investments
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CY2021 us-gaap Payments To Acquire Equity Method Investments
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4492000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3051000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
300000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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1800000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Debt Net Of Issuance Costs
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800653000 usd
CY2022 us-gaap Proceeds From Debt Net Of Issuance Costs
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259854000 usd
CY2021 us-gaap Proceeds From Debt Net Of Issuance Costs
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110000000 usd
CY2023 us-gaap Repayments Of Debt
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442563000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
310000000 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
122500000 usd
CY2023 sharkninja Payments For Issuance Of Intercompany Note To Former Parent
PaymentsForIssuanceOfIntercompanyNoteToFormerParent
0 usd
CY2022 sharkninja Payments For Issuance Of Intercompany Note To Former Parent
PaymentsForIssuanceOfIntercompanyNoteToFormerParent
49286000 usd
CY2021 sharkninja Payments For Issuance Of Intercompany Note To Former Parent
PaymentsForIssuanceOfIntercompanyNoteToFormerParent
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CY2023 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
435292000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
45438000 usd
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
42000000 usd
CY2023 sharkninja Repayments Of Share Based Compensation From Former Parent
RepaymentsOfShareBasedCompensationFromFormerParent
3165000 usd
CY2022 sharkninja Repayments Of Share Based Compensation From Former Parent
RepaymentsOfShareBasedCompensationFromFormerParent
15300000 usd
CY2021 sharkninja Repayments Of Share Based Compensation From Former Parent
RepaymentsOfShareBasedCompensationFromFormerParent
0 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4322000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2023 us-gaap Payments Of Dividends
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150179000 usd
CY2022 us-gaap Payments Of Dividends
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CY2021 us-gaap Payments Of Dividends
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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7633000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-14237000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-704000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
107577000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218770000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
240597000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133020000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
154061000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218770000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
240597000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
141247000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
90027000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
91892000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
51109000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
16322000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
12005000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
548000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1235000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4226000 usd
CY2023 sharkninja Deferred Payments Related To Business Acquisition
DeferredPaymentsRelatedToBusinessAcquisition
0 usd
CY2022 sharkninja Deferred Payments Related To Business Acquisition
DeferredPaymentsRelatedToBusinessAcquisition
0 usd
CY2021 sharkninja Deferred Payments Related To Business Acquisition
DeferredPaymentsRelatedToBusinessAcquisition
600000 usd
CY2023 sharkninja Share Based Compensation Recharge Not Yet Paid
ShareBasedCompensationRechargeNotYetPaid
0 usd
CY2022 sharkninja Share Based Compensation Recharge Not Yet Paid
ShareBasedCompensationRechargeNotYetPaid
-3434000 usd
CY2021 sharkninja Share Based Compensation Recharge Not Yet Paid
ShareBasedCompensationRechargeNotYetPaid
0 usd
CY2023 sharkninja Deferred Payment Received For Sold Receivables
DeferredPaymentReceivedForSoldReceivables
0 usd
CY2022 sharkninja Deferred Payment Received For Sold Receivables
DeferredPaymentReceivedForSoldReceivables
-64710000 usd
CY2021 sharkninja Deferred Payment Received For Sold Receivables
DeferredPaymentReceivedForSoldReceivables
0 usd
CY2023 sharkninja Cancellation Of Related Party Note Through Distribution
CancellationOfRelatedPartyNoteThroughDistribution
-8026000 usd
CY2022 sharkninja Cancellation Of Related Party Note Through Distribution
CancellationOfRelatedPartyNoteThroughDistribution
0 usd
CY2021 sharkninja Cancellation Of Related Party Note Through Distribution
CancellationOfRelatedPartyNoteThroughDistribution
0 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2173000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
154061000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
192890000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
225362000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
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CY2022Q4 us-gaap Restricted Cash
RestrictedCash
25880000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
15235000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
154061000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218770000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
240597000 usd
CY2023Q3 sharkninja Common Stock Shares Distributed To Former Parent Shareholders
CommonStockSharesDistributedToFormerParentShareholders
138982872 shares
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:0.05pt;margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Use of Estimates</span></div><div style="margin-bottom:0.05pt;margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of net sales and expenses during the reporting periods and accompanying notes. Significant items subject to such estimates and assumptions include but are not limited to variable consideration for returns, sales rebates and discounts, the allowance for credit losses, reserve for product warranties, the fair value of financial assets and liabilities including the accounting and fair value of derivatives, valuation of inventory, the fair value of acquired intangible assets and goodwill, the useful lives of acquired intangible assets, determination of incremental borrowing rate for leases, share-based compensation, including probability of the attainment of awards with performance conditions and grant-date fair value of awards with market conditions, and the valuation of deferred tax assets and uncertain tax positions. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-5000000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-13400000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3400000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:0.05pt;margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Concentration of Credit Risks</span></div><div style="margin-bottom:0.05pt;margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and cash equivalents, restricted cash, accounts receivable, and forward derivative contracts. The Company maintains its cash, cash equivalents and restricted cash with high-quality financial institutions, the composition and maturities of which are regularly monitored by the Company.</span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has outstanding accounts receivable balances with retailers, distributors and direct-to-consumer (“DTC”) customers. The Company is exposed to credit risk in the event of nonpayment by customers to the extent of the amounts recorded in the consolidated balance sheets. The Company extends different levels of credit to customers, without requiring collateral deposits, and when necessary, maintains reserves for potential credit losses based upon the expected collectability of accounts receivable. The Company manages credit risk related to its customers by performing periodic evaluations of credit worthiness and applying other credit risk monitoring procedures.</span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company sells a significant portion of its products through retailers and, as a result, maintains individually significant receivable balances with these parties. If the financial condition or operations of these retailers deteriorates substantially, the Company’s operating results could be adversely affected.</span></div><div style="margin-bottom:0.05pt;margin-top:0.05pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Supplier Concentration</span></div><div style="margin-bottom:0.05pt;margin-top:0.05pt;text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company relies on third parties to supply and manufacture its products, as well as third-party logistics providers. In instances where these parties fail to perform their obligations, the Company may be unable to find alternative suppliers or satisfactorily deliver its products to its customers on time, if at all.</span></div>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1422000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4474000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8965000 usd
CY2021 us-gaap Provision For Doubtful Accounts
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7913000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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3247000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3750000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
7552000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8225000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6998000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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1783000 usd
CY2022Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
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371500000 usd
CY2022 sharkninja Transfers Of Financial Assets Accounted For As A Sale Advanced Cash Payment
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304200000 usd
CY2022 sharkninja Deferred Purchase Price Receivable Addtions
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64700000 usd
CY2022 us-gaap Gain Loss On Sale Of Accounts Receivable
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-2600000 usd
CY2022 us-gaap Proceeds From Sale And Collection Of Receivables
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269700000 usd
CY2022 sharkninja Deferred Purchase Price Receivable Cash Collections
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42400000 usd
CY2022Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Fair Value Of Derecognized Assets
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101800000 usd
CY2022Q4 sharkninja Deferred Purchase Price Receivable Current
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22300000 usd
CY2023 us-gaap Proceeds From Sale And Collection Of Receivables
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96300000 usd
CY2023 sharkninja Deferred Purchase Price Receivable Cash Collections
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22294000 usd
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CY2022Q4 us-gaap Inventory Adjustments
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2700000 usd
CY2021Q4 us-gaap Inventory Adjustments
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CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
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28090000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
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CY2022 sharkninja Contract With Customer Refund Liability Of Current Year Purchases Payments
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43700000 usd
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19904000 usd
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35968000 usd
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29850000 usd
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28090000 usd
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22676000 usd
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DeferredPurchasePriceReceivableCurrent
22294000 usd
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3370000 usd
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CY2022Q4 sharkninja Receivable From Shareholders Or Affiliates Amount Allowed To Be Transferred By Company
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43300000 usd
CY2022Q4 sharkninja Receivable From Shareholders Or Affiliates Amount Allowed To Be Requested By Affiliate
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CY2022Q4 sharkninja Deferred Purchase Price Receivable Fair Value Disclosure
DeferredPurchasePriceReceivableFairValueDisclosure
22294000 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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VariableLeaseCost
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ShortTermLeaseCost
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CY2023 sharkninja Payments Of Distributions To Former Parent
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CY2022 sharkninja Payments Of Distributions To Former Parent
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CY2021 sharkninja Payments Of Distributions To Former Parent
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CurrentIncomeTaxExpenseBenefit
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