Sovos Brands, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-25-21	Dec-26-20	Dec-28-19
	10-K	10-K	10-K	S-1/A
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	138.7	66.2	37.0
Accounts receivable, net	87.7	70.7	61.0
Inventories, net	92.6	51.6	47.1
Prepaid expenses and other current assets	12.0	6.7	4.4
Total current assets	330.9	195.2	149.5
Property and equipment, net	64.3	62.7
Operating lease right-of-use assets	13.3	15.7
Goodwill	395.4	437.5	437.3
Intangible assets, net	351.5	464.7	491.9
Other long-term assets	3.3	2.3	6.7
TOTAL ASSETS	1,158.8	1,177.9	1,144.8

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	49.3	37.3	31.2
Accrued expenses	69.6	51.8	65.1
Current portion of long-term debt			3.8
Total current liabilities	122.2	92.3	100.1
Long-term debt, net of debt issuance costs	482.3	481.4	360.0
Deferred income taxes	63.6	77.0	74.7
Long-term operating lease liabilities	14.1	17.3
Other long-term liabilities	0.5	0.4	13.3
TOTAL LIABILITIES	682.8	668.4	548.1

COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized, no shares issued and outstanding
Common stock	0.1	0.1	0.1
Additional paid-in-capital	577.7	559.2	654.4
Accumulated deficit	-103.3	-49.8	-51.8
Accumulated other comprehensive income	1.5
TOTAL STOCKHOLDERS' EQUITY	476.0	509.5	596.7
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,158.8	1,177.9	1,144.8