The Beauty Health Company Assets (in thousands, except for share amounts) (Unaudited) September 30, 2021 December 31, 2020 718,622 $ 9,486 Current assets: Cash and cash equivalents Accounts receivable, net of allowances for doubtful accounts of $2,677 and $2,032 at September 30, 2021 and December 31, 2020, respectively Prepaid expenses Income tax receivable Inventories Total current assets Property and equipment, net Intangible assets, net Goodwill Deferred tax assets, net Other assets Total assets 38,386 7,745 4,947 28,105 797,805 12,070 59,349 122,865 1,028 4,758 997,875 $ 18,576 3,220 4,611 23,202 59,095 9,191 50,935 98,531 270 4,813 222,835 $ The Beauty Health Company Liabilities and Equity 18,118 $ 21,274 7,896 2,180 18,485 9,475 2,458 49,468 1,755 512 30,930 1,854 216,024 3,987 Liabilities and Shareholders' Equity (Deficit) Current liabilities: Accounts payable Accrued payroll-related expenses Other accrued expenses Income tax payable Current portion of long-term debt due to related parties Total current liabilities Other long-term liabilities Long-term debt due to related parties, net of current portion Deferred tax liabilities, net Warrant liabilities Convertible senior notes, net Total liabilities Commitments (Note 12) Stockholders' equity (deficit) Class A Common Stock, $0.0001 par value; 320,000,000 shares authorized; 133,490,012 and 35,501,743 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding at September 30, 2021 and December 31, 2020 Additional paid-in capital Note receivable from stockholder Accumulated other comprehensive (loss) income Accumulated deficit Total stockholders' deficit Total liabilities and stockholders' deficit 2,676 357,173 728,858 1,139,930 252,795 14 4 260,908 (1,576) (401,401) (142,055) 997,875 13,952 (554) 242 (43,604) (29,960) 222,835 $ S Based on the following information, compare the liquidity and solvency of Procter & Gamble and The Beauty Health Company. Which company has a stronger financial position? Procter & Gamble Assets 2021 2020 10,288 $ 4,725 16,181 4,178 Amounts in millions except stated values: As of June 30 Assets CURRENT ASSETS Cash and cash equivalents Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventories Prepaid expenses and other current assets TOTAL CURRENT ASSETS PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS TOTAL ASSETS 1,645 719 3,619 5,983 2,095 23,091 21,686 40,924 23,642 9,964 119,307 1,414 674 3,410 5,498 2,130 27,987 20,692 39,901 23,792 8,328 120,700 $ Procter & Gamble Liabilities and Equity 13,720 $ 10,523 8,889 33,132 23,099 6,153 12,071 9,722 11,183 32,976 23,537 6,199 11,110 73,822 10,269 72,653 870 897 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accrued and other liabilities Debt due within one year TOTAL CURRENT LIABILITIES LONG-TERM DEBT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2021 - 4,009.2, 2020 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement Accumulated other comprehensive loss Treasury stock, at cost (shares held: 2021 - 1,579.5, 2020 - 1,529.5) Retained earnings Noncontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,009 64,848 (1,006) (13,744) (114,973) 106,374 276 46,654 119,307 S 4,009 64,194 (1,080 (16,165 (105,573 100,239 357 46,878 120,700