Redwire Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

Business Combinations (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Summary 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.


	March 2, 2020
Cash paid	$	32,640
Purchase consideration	$	32,640
Assets:
Cash	$	156
Accounts receivable	840
Contract assets	1,427
Inventory	212
Prepaid expenses and other current assets	661
Property, plant and equipment	444


	March 2, 2020
Intangible assets	9,690
Total assets	13,430

Liabilities:
Accounts payable	894
Accrued expenses	644
Deferred revenue	777
Total liabilities	2,315
Fair value of net identifiable assets acquired	11,115
Goodwill	$	21,525


	June 1, 2020
Cash paid	$	3,940
Equity issued	1,000
Purchase consideration	$	4,940
Assets:
Cash	$	1,071
Accounts receivable	1,282


Contract assets			107
Inventory			39
Prepaid expenses and other current assets			37
Property, plant and equipment			710
Intangible assets			850
Other non-current assets			26
Total assets			4,122



Liabilities:
Accounts payable	284
Deferred revenue	103
Current portion of long-term debt	353
Other current liabilities	1,178
Long-term debt	705
Deferred tax liabilities	458
Total liabilities	3,081
Fair value of net identifiable assets acquired	1,041
Goodwill	$	3,899


	June 22, 2020
Cash paid	$	42,177
Equity issued	2,616
Contingent consideration	600
Purchase consideration	$	45,393
Assets:
Cash	$	13,559
Accounts receivable	1,097
Contract assets	665
Property, plant and equipment	451
Intangible assets	35,000
Other non-current assets	676
Total assets	51,448

Liabilities:
Accounts payable	3,689
Deferred revenue	7,128
Other current liabilities	2,749
Deferred tax liabilities	7,297
Total liabilities	20,863
Fair value of net identifiable assets acquired	30,585
Goodwill	$	14,808


	October 28, 2020
Cash paid	$	14,999
Equity issued	1,565
Contingent consideration	657
Purchase consideration	$	17,221
Assets:
Cash	$	6,161
Accounts receivable	517
Contract assets	1,797
Property, plant and equipment	1,128
Intangible assets	13,400
Other non-current assets	361
Total assets	23,364

Liabilities:
Accounts payable	1,880
Deferred revenue	3,240
Other current liabilities	5,112
Deferred tax liabilities	1,952
Total liabilities	12,184
Fair value of net identifiable assets acquired	11,180
Goodwill	$	6,041


	December 11, 2020
Cash paid	$	7,598
Equity issued	800
Purchase consideration	$	8,398
Assets
Cash	$	995
Accounts receivable	1,208
Contract assets	187
Prepaid expenses and other current assets	2
Property, plant and equipment	42
Intangible assets	4,230
Total assets	6,664

Liabilities
Accounts payable	334
Deferred revenue	115
Other current liabilities	1,203
Total liabilities	1,652
Fair value of net identifiable assets acquired	5,012
Goodwill	$	3,386


	January 15, 2021
Cash paid	$	12,142


	January 15, 2021
Equity issued	2,110
Purchase consideration	$	14,252
Assets:
Accounts receivable	$	1,279
Contract assets	121
Inventory	40
Prepaid expenses and other current assets	50
Property, plant and equipment	493
Intangible assets	7,980
Total assets	9,963

Liabilities:
Accounts payable	46
Accrued expenses	2,022
Deferred revenue	253
Other current liabilities	45
Deferred tax liabilities	2,162
Total liabilities	4,528
Fair value of net identifiable assets acquired	5,435
Goodwill	$	8,817


	February 17, 2021
Cash paid	$	27,305
Purchase consideration	$	27,305
Assets:
Cash	$	711
Accounts receivable	1,270
Contract assets	1,534
Inventory	3
Prepaid expenses and other current assets	53
Property, plant and equipment	734
Intangible assets	24,370
Other non-current assets	48
Total assets	$	28,723

Liabilities:
Accounts payable	$	1,186
Accrued expenses	1,282
Deferred revenue	3,767
Other current liabilities	63
Deferred tax liabilities	6,112
Total liabilities	$	12,410
Fair value of net identifiable assets acquired	16,313
Goodwill	$	10,992

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination