v3.21.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 374,450 $ 108,462
Restricted cash 46,987 33,560
Premiums, commissions and fees receivable, net 233,162 155,501
Prepaid expenses and other current assets 5,843 4,447
Due from related parties 0 19
Total current assets 660,442 301,989
Property and equipment, net 13,776 11,019
Other assets 20,847 11,084
Intangible assets, net 652,723 554,320
Goodwill 885,321 651,502
Total assets 2,233,109 1,529,914
Current Liabilities    
Premiums payable to insurance companies 175,486 135,576
Producer commissions payable 35,520 24,260
Accrued expenses and other current liabilities 62,283 47,490
Related party notes payable 61,500 0
Current portion of long-term debt 5,000 4,000
Current portion of contingent earnout liabilities 43,975 6,094
Total current liabilities 383,764 217,420
Revolving lines of credit 120,000 0
Long-term debt, less current portion 477,341 381,382
Contingent earnout liabilities, less current portion 136,970 158,725
Other liabilities 3,319 2,419
Total liabilities 1,121,394 759,946
Mezzanine Equity    
Redeemable noncontrolling interest 223 98
Stockholders' Equity Attributable to BRP Group, Inc.    
Additional paid-in capital 608,291 392,139
Accumulated deficit (32,322) (24,346)
Stockholder notes receivable (263) (465)
Total stockholders’ equity attributable to BRP Group, Inc. 576,275 367,783
Noncontrolling interest 535,217 402,087
Total stockholders’ equity 1,111,492 769,870
Total liabilities, mezzanine equity and stockholders’ equity 2,233,109 1,529,914
Common Class A    
Stockholders' Equity Attributable to BRP Group, Inc.    
Common stock 564 450
Common Class B    
Stockholders' Equity Attributable to BRP Group, Inc.    
Common stock 5 5
Variable Interest Entity, Primary Beneficiary    
Current Assets    
Cash and cash equivalents 266 143
Premiums, commissions and fees receivable, net 216 130
Total current assets 482 273
Property and equipment, net 17 21
Other assets 5 5
Total assets 504 299
Current Liabilities    
Premiums payable to insurance companies 14 5
Producer commissions payable 12 17
Accrued expenses and other current liabilities 12 10
Total liabilities $ 38 $ 32