Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.23.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 704,746 $ 992,723
Commissions and fees receivable – net 234,557 231,423
Fiduciary cash and receivables 2,475,185 2,611,647
Prepaid incentives – net 8,348 8,584
Other current assets 46,086 49,690
Total current assets 3,468,922 3,894,067
NON-CURRENT ASSETS    
Goodwill 1,379,202 1,314,984
Other intangible assets 514,568 486,444
Prepaid incentives – net 19,425 20,792
Equity method investment in related party 41,166 38,514
Property and equipment – net 31,832 31,271
Lease right-of-use assets 141,619 143,870
Deferred tax assets 402,476 396,814
Other non-current assets 47,750 56,987
Total non-current assets 2,578,038 2,489,676
TOTAL ASSETS 6,046,960 6,383,743
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 73,976 119,022
Accrued compensation 158,017 350,369
Operating lease liabilities 20,447 22,744
Tax Receivable Agreement liabilities 16,516 0
Short-term debt and current portion of long-term debt 22,459 30,587
Fiduciary liabilities 2,475,185 2,611,647
Total current liabilities 2,766,600 3,134,369
NON-CURRENT LIABILITIES    
Accrued compensation 16,325 10,048
Operating lease liabilities 151,406 151,944
Long-term debt 1,950,329 1,951,900
Deferred tax liabilities 618 562
Tax Receivable Agreement liabilities 287,113 295,347
Other non-current liabilities 22,971 21,761
Total non-current liabilities 2,428,762 2,431,562
TOTAL LIABILITIES 5,195,362 5,565,931
STOCKHOLDERS' EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2023 and December 31, 2022) 0 0
Additional paid-in capital 436,898 418,123
Retained earnings 67,148 53,988
Accumulated other comprehensive income 4,283 6,035
Total stockholders' equity attributable to Ryan Specialty Holdings, Inc. 508,588 478,405
Non-controlling interests 343,010 339,407
Total stockholders' equity 851,598 817,812
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 6,046,960 6,383,743
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 113 112
Common Class B [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 146 147
Common Class X [Member]    
STOCKHOLDERS' EQUITY    
Common stock value $ 0 $ 0