Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.24.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 235,199 $ 838,790
Commissions and fees receivable – net 334,637 294,195
Fiduciary cash and receivables 3,357,047 3,131,660
Prepaid incentives – net 8,309 8,718
Other current assets 84,165 62,229
Total current assets 4,019,357 4,335,592
NON-CURRENT ASSETS    
Goodwill 2,341,340 1,646,482
Customer relationships 1,283,489 572,416
Other intangible assets 69,167 38,254
Prepaid incentives – net 15,449 15,103
Equity method investment in related party 62,444 46,099
Property and equipment – net 45,703 42,427
Lease right-of-use assets 122,617 127,708
Deferred tax assets 486,432 383,816
Other non-current assets 32,505 39,312
Total non-current assets 4,459,146 2,911,617
TOTAL ASSETS 8,478,503 7,247,209
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 206,185 136,340
Accrued compensation 325,120 419,560
Operating lease liabilities 21,489 21,369
Tax Receivable Agreement liabilities 22,721 0
Short-term debt and current portion of long-term debt 33,316 35,375
Fiduciary liabilities 3,357,047 3,131,660
Total current liabilities 3,965,878 3,744,304
NON-CURRENT LIABILITIES    
Accrued compensation 52,261 24,917
Operating lease liabilities 148,487 154,457
Long-term debt 2,646,550 1,943,837
Tax Receivable Agreement liabilities 432,406 358,898
Deferred tax liabilities 21,162 55
Other non-current liabilities 110,227 41,097
Total non-current liabilities 3,411,093 2,523,261
TOTAL LIABILITIES 7,376,971 6,267,565
STOCKHOLDERS’ EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2024 and December 31, 2023) 0 0
Additional paid-in capital 500,518 441,997
Retained earnings 124,973 114,420
Accumulated other comprehensive income 7,080 3,076
Total stockholders’ equity attributable to Ryan Specialty Holdings, Inc. 632,833 559,754
Non-controlling interests 468,699 419,890
Total stockholders’ equity 1,101,532 979,644
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 8,478,503 7,247,209
Class A Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 125 119
Class B Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 137 142
Class X common stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0