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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 15,882 $ 18,454
Restricted cash 11,012 10,582
Accounts receivable, net of allowances of $1,154 and $1,143, respectively 78,042 78,113
Prepaid expenses and other current assets 10,443 11,832
Current portion of notes receivable, net of allowance of $0 and $0, respectively 1,581 1,471
Settlement assets and customer/subscriber account balances 612,146 532,018
Total current assets 729,106 652,470
Notes receivable, less current portion 3,066 3,191
Property, equipment and software, net 36,976 34,687
Goodwill 368,740 369,337
Intangible assets, net 277,478 288,794
Deferred income taxes, net 22,163 16,447
Other noncurrent assets 8,456 8,437
Total assets 1,445,985 1,373,363
Current liabilities:    
Accounts payable and accrued expenses 57,110 51,864
Accrued residual commissions 41,049 35,979
Customer deposits and advance payments 2,868 2,618
Current portion of long-term debt 6,200 6,200
Settlement and customer/subscriber account obligations 612,953 533,340
Total current liabilities 720,180 630,001
Long-term debt, net of current portion, discounts and debt issuance costs 592,279 598,926
Other noncurrent liabilities 11,857 11,643
Total noncurrent liabilities 604,136 610,569
Total liabilities 1,324,316 1,240,570
Commitments and contingencies (Note 13)
Redeemable senior preferred stock, $0.001 par value; 250,000 shares authorized; 225,000 issued and outstanding at March 31, 2023 and December 31, 2022 235,439 235,579
Stockholders' deficit:    
Preferred stock, $0.001; 100,000,000 shares authorized; none issued or outstanding at March 31, 2023 and December 31, 2022 0 0
Common Stock, $0.001 par value; 1,000,000,000 shares authorized; 78,902,459 and 78,385,685 shares issued at March 31, 2023 and December 31, 2022, respectively; and 76,404,628 and 76,044,629 shares outstanding at March 31, 2023 and December 31, 2022, respectively 76 76
Treasury stock at cost, 2,497,831 and 2,341,056 shares at March 31, 2023 and December 31, 2022, respectively (12,336) (11,559)
Additional paid-in capital 328 9,650
Accumulated other comprehensive income 24 0
Accumulated deficit (102,714) (102,208)
Total stockholders' deficit attributable to stockholders of PRTH (114,622) (104,041)
Non-controlling interests in consolidated subsidiaries 852 1,255
Total stockholders' deficit (113,770) (102,786)
Total liabilities, redeemable senior preferred stock and stockholders' deficit $ 1,445,985 $ 1,373,363