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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 34,290 $ 39,604
Restricted cash 12,658 11,923
Accounts receivable, net of allowances of $5,536 and $5,289, respectively 67,137 58,551
Prepaid expenses and other current assets 13,699 13,273
Current portion of notes receivable, net of allowance of $0 and $0, respectively 1,972 1,468
Settlement assets and customer/subscriber account balances 752,590 756,475
Total current assets 882,346 881,294
Notes receivable, less current portion 4,549 3,728
Property, equipment and software, net 48,120 44,680
Goodwill 376,112 376,103
Intangible assets, net 261,658 273,350
Deferred income taxes, net 24,405 22,533
Other noncurrent assets 12,767 13,649
Total assets 1,609,957 1,615,337
Current liabilities:    
Accounts payable and accrued expenses 49,329 52,643
Accrued residual commissions 35,965 33,025
Customer deposits and advance payments 4,090 3,934
Current portion of long-term debt 6,712 6,712
Settlement and customer/subscriber account obligations 753,850 755,754
Total current liabilities 849,946 852,068
Long-term debt, net of current portion, discounts and debt issuance costs 631,352 631,965
Other noncurrent liabilities 16,704 18,763
Total liabilities 1,498,002 1,502,796
Commitments and contingencies (Note 14)
Redeemable senior preferred stock, net of discounts and issuance costs:    
Redeemable senior preferred stock, $0.001 par value; 250,000 shares authorized; 225,000 issued and outstanding at March 31, 2024 and December 31, 2023 264,240 258,605
Redeemable non-controlling interests in consolidated subsidiary 5,837 0
Stockholders' deficit:    
Preferred stock, $0.001; 100,000,000 shares authorized; 0 issued or outstanding at March 31, 2024 and December 31, 2023 0 0
Common Stock, $0.000 par value; 1,000,000,000 shares authorized; 80,018,209 and 79,589,055 shares issued at March 31, 2024 and December 31, 2023, respectively; and 75,834,517 and 76,956,889 shares outstanding at March 31, 2024 and December 31, 2023, respectively 76 77
Treasury stock at cost, 4,183,692 and 2,632,166 shares at March 31, 2024 and December 31, 2023, respectively (18,491) (12,815)
Additional paid-in capital 0 0
Accumulated other comprehensive loss (42) (29)
Accumulated deficit (141,412) (134,951)
Total stockholders' deficit attributable to stockholders of PRTH (159,869) (147,718)
Non-controlling interests in consolidated subsidiaries 1,747 1,654
Total stockholders' deficit (158,122) (146,064)
Total liabilities, redeemable senior preferred stock, redeemable NCI and stockholders' deficit $ 1,609,957 $ 1,615,337