v3.22.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 183,402 $ 138,292
Restricted cash 100,529 89,445
Premiums, commissions and fees receivable, net 427,351 340,837
Prepaid expenses and other current assets 13,533 8,151
Due from related parties 1,715 1,668
Total current assets 726,530 578,393
Property and equipment, net 22,756 17,474
Right-of-use assets 86,374 81,646
Other assets 34,316 25,586
Intangible assets, net 1,125,388 944,467
Goodwill 1,415,281 1,228,741
Total assets 3,410,645 2,876,307
Current Liabilities    
Premiums payable to insurance companies 366,217 310,045
Producer commissions payable 56,138 41,833
Accrued expenses and other current liabilities 104,330 92,223
Related party notes payable 0 61,500
Current portion of contingent earnout liabilities 43,615 35,088
Total current liabilities 570,300 540,689
Revolving line of credit 525,000 35,000
Long-term debt, less current portion 812,080 814,614
Contingent earnout liabilities, less current portion 166,381 223,501
Operating lease liabilities, less current portion 76,999 71,357
Other liabilities 0 3,590
Total liabilities 2,150,760 1,688,751
Mezzanine Equity    
Redeemable noncontrolling interest 350 269
Stockholders' Equity Attributable to BRP Group, Inc.    
Additional paid-in capital 683,331 663,002
Accumulated deficit (23,481) (54,992)
Stockholder notes receivable (131) (219)
Total stockholders’ equity attributable to BRP Group, Inc. 660,326 608,383
Noncontrolling interest 599,209 578,904
Total stockholders’ equity 1,259,535 1,187,287
Total liabilities, mezzanine equity and stockholders’ equity 3,410,645 2,876,307
Common Class A    
Stockholders' Equity Attributable to BRP Group, Inc.    
Common stock 601 586
Common Class B    
Stockholders' Equity Attributable to BRP Group, Inc.    
Common stock 6 6
Variable Interest Entity, Primary Beneficiary    
Current Assets    
Cash and cash equivalents 195 303
Premiums, commissions and fees receivable, net 337 272
Total current assets 532 575
Property and equipment, net 12 15
Other assets 5 5
Total assets 549 595
Current Liabilities    
Premiums payable to insurance companies 39 0
Producer commissions payable 46 41
Accrued expenses and other current liabilities 11 4
Total liabilities $ 96 $ 45