Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.23.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 965,987 $ 992,723
Commissions and fees receivable – net 301,030 231,423
Fiduciary cash and receivables 3,327,695 2,611,647
Prepaid incentives – net 8,002 8,584
Other current assets 56,656 49,690
Total current assets 4,659,370 3,894,067
NON-CURRENT ASSETS    
Goodwill 1,379,100 1,314,984
Other intangible assets 493,859 486,444
Prepaid incentives – net 18,008 20,792
Equity method investment in related party 43,762 38,514
Property and equipment – net 32,539 31,271
Lease right-of-use assets 136,457 143,870
Deferred tax assets 415,070 396,814
Other non-current assets 57,632 56,987
Total non-current assets 2,576,427 2,489,676
TOTAL ASSETS 7,235,797 6,383,743
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 95,923 119,022
Accrued compensation 337,455 350,369
Operating lease liabilities 19,142 22,744
Tax Receivable Agreement liabilities 16,697  
Short-term debt and current portion of long-term debt 30,587 30,587
Fiduciary liabilities 3,327,695 2,611,647
Total current liabilities 3,827,499 3,134,369
NON-CURRENT LIABILITIES    
Accrued compensation 18,007 10,048
Operating lease liabilities 161,917 151,944
Long-term debt 1,948,786 1,951,900
Deferred tax liabilities 208 562
Tax Receivable Agreement liabilities 310,124 295,347
Other non-current liabilities 25,338 21,761
Total non-current liabilities 2,464,380 2,431,562
TOTAL LIABILITIES 6,291,879 5,565,931
STOCKHOLDERS' EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2023 and December 31, 2022) 0 0
Additional paid-in capital 452,925 418,123
Retained earnings 97,226 53,988
Accumulated other comprehensive income 8,525 6,035
Total stockholders' equity attributable to Ryan Specialty Holdings, Inc. 558,935 478,405
Non-controlling interests 384,983 339,407
Total stockholders' equity 943,918 817,812
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,235,797 6,383,743
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 115 112
Common Class B [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 144 147
Common Class X [Member]    
STOCKHOLDERS' EQUITY    
Common stock value $ 0 $ 0