Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.23.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 754,370 $ 992,723
Commissions and fees receivable – net 238,827 231,423
Fiduciary cash and receivables 2,521,021 2,611,647
Prepaid incentives – net 9,577 8,584
Other current assets 62,629 49,690
Total current assets 3,586,424 3,894,067
NON-CURRENT ASSETS    
Goodwill 1,581,759 1,314,984
Other intangible assets 591,879 486,444
Prepaid incentives – net 16,585 20,792
Equity method investment in related party 45,272 38,514
Property and equipment – net 32,208 31,271
Lease right-of-use assets 131,833 143,870
Deferred tax assets 383,094 396,814
Other non-current assets 56,808 56,987
Total non-current assets 2,839,438 2,489,676
TOTAL ASSETS 6,425,862 6,383,743
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 114,952 119,022
Accrued compensation 273,417 350,369
Operating lease liabilities 19,922 22,744
Tax Receivable Agreement liabilities 16,959 0
Short-term debt and current portion of long-term debt 35,566 30,587
Fiduciary liabilities 2,521,021 2,611,647
Total current liabilities 2,981,837 3,134,369
NON-CURRENT LIABILITIES    
Accrued compensation 21,999 10,048
Operating lease liabilities 156,983 151,944
Long-term debt 1,945,495 1,951,900
Deferred tax liabilities 126 562
Tax Receivable Agreement liabilities 342,115 295,347
Other non-current liabilities 36,066 21,761
Total non-current liabilities 2,502,784 2,431,562
TOTAL LIABILITIES 5,484,621 5,565,931
STOCKHOLDERS' EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2023 and December 31, 2022) 0 0
Additional paid-in capital 442,304 418,123
Retained earnings 92,179 53,988
Accumulated other comprehensive income 8,236 6,035
Total stockholders' equity attributable to Ryan Specialty Holdings, Inc. 542,978 478,405
Non-controlling interests 398,263 339,407
Total stockholders' equity 941,241 817,812
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 6,425,862 6,383,743
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 118 112
Common Class B [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 141 147
Common Class X [Member]    
STOCKHOLDERS' EQUITY    
Common stock value $ 0 $ 0