Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.23.3
Business Combinations (Tables)
 9 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed as of the Acquisition
The following table summarizes the fair value of the consideration transferred and the estimated fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date.
October 31, 2022
Cash paid
 $ 36,930 
Less: Note receivable from seller
 501 
Purchase consideration
 $ 36,429 
Assets:
Cash
 $ 3,700 
Accounts receivable and other receivable
 3,606 
Contract assets
 18,830 
Prepaid expenses and other current assets 3,100 
Property, plant and equipment
 5,656 
Right-of-use assets 1,166 
Intangible assets
 13,935 
Equity method investments
 3,000 
Total assets
 52,993 
Liabilities:
Accounts payable
 4,201 
Short-term operating lease liabilities 199 
Short-term finance lease liabilities 279 
Accrued expenses
 18,636 
Deferred revenue
 5,513 
Other current liabilities
 399 
Long-term operating lease liabilities 908 
Long-term finance lease liabilities 563 
Deferred tax liabilities 2,727 
October 31, 2022
Other non-current liabilities 281 
Total liabilities
 33,706 
Fair value of net identifiable assets acquired
 19,287 
Less: Fair value of noncontrolling interests in ROS 215 
Goodwill
 $ 17,357 
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the intangible assets acquired by class:
October 31, 2022 Weighted average
useful life
in years
Technology $ 4,700  7
Customer relationships 7,400  30
Software 235  2
IPR&D
 1,600 
Total intangible assets
 $ 13,935 
Schedule of Pro Forma Information
The table below presents the pro forma combined results of operations for the business combinations for the three and nine months ended September 30, 2022 as though the acquisition of Space NV had been completed as of January 1, 2021.
Three Months Ended Nine Months Ended
September 30, 2022 September 30, 2022
Revenues
 $ 51,084  $ 148,227 
Net income (loss) attributable to Redwire Corporation (10,227) (103,639)