Quarterly report pursuant to Section 13 or 15(d)

Business Combinations and Reverse Recapitalization (Tables)

v3.21.4
Business Combinations and Reverse Recapitalization (Tables)
9 Months Ended
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition
Total consideration was determined to be as follows:
(in thousands) At September 15, 2021
Issuance of Opco Class A units $ 394,910 
Cash consideration 377,122
Repayment of Aria debt at Closing 91,115 
Total Purchase Price Consideration $ 863,147 
Schedule of Preliminary Allocation of Aria Merger Consideration The following table sets forth the preliminary allocation of the Aria Merger consideration.
(in thousands)
As of September 15,
2021
Fair value of assets acquired:

Cash and cash equivalents
$ 4,903 
Account receivable, net
27,331 
Inventory 9,015 
Prepaid expenses and other current assets
3,834 
Property, plant and equipment, net
120,517 
Intangible assets, net
585,398 
Equity method investments
232,619 
Other non-current assets
861 
Goodwill 24,257 
Amount attributable to assets acquired
$ 1,008,735 


Fair value of liabilities assumed:

Accounts payable
$ 2,760 
Accrued and other current liabilities
25,069 
Below-market contracts 108,880 
Other long-term liabilities
8,879 
Amount attributable to liabilities assumed
145,588 
Net assets acquired
863,147 
Total Aria Merger consideration
$ 863,147 
Business Acquisition, Pro Forma Information
(Unaudited Pro Forma)
Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2021 2020 2021 2020
(As Restated) (As Restated)
Total Revenues $ 48,538  $ 37,474  $ 143,525  $ 115,237 
Net Income (Loss) $ (11,934) $ (3,825) $ 58,345  $ (9,017)