RYAN SPECIALTY HOLDINGS INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
RYAN$47.20+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity (Unaudited)
(In thousands, except share data)
| Class A Common Stock · Class B Common Stock · AdditionalPaid-inCapital · RetainedEarnings · AccumulatedOtherComprehensiveIncome · Non-controllingInterests · TotalStockholders’Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2023 | 118,593,062 | $119 | 141,621,188 | $142 | $441,997 | $114,420 | $3,076 | $419,890 | $979,644 |
| Net income | — | — | — | — | — | 16,535 | — | 24,142 | 40,677 |
| Issuance of common stock | 9,449 | — | — | — | — | — | — | — | — |
| Exchange of LLC equity for common stock | 134,959 | — | (134,959) | — | 240 | — | — | (240) | — |
| Class A common stock dividends and Dividend Equivalents | — | — | — | — | — | (42,418) | — | — | (42,418) |
| Distributions and Declared Distributions to non-controlling LLC Unitholders | — | — | — | — | — | — | — | (5,766) | (5,766) |
| Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes | — | — | — | — | (78) | — | — | — | (78) |
| Distributions declared for non-controlling interest holders’ tax | — | — | — | — | — | — | — | (22,177) | (22,177) |
| Change in share of equity method investment in related party other comprehensive income | — | — | — | — | — | — | 1,510 | 2,270 | 3,780 |
| Gain on interest rate cap, net | — | — | — | — | — | — | 1,918 | 2,887 | 4,805 |
| Foreign currency translation adjustments | — | — | — | — | — | — | (408) | (616) | (1,024) |
| Equity-based compensation | — | — | — | — | 17,297 | — | — | 13 | 17,310 |
| Balance at March 31, 2024 | 118,737,470 | $119 | 141,486,229 | $142 | $459,456 | $88,537 | $6,096 | $420,403 | $974,753 |
| Net income | — | — | — | — | — | 46,787 | — | 71,251 | 118,038 |
| Issuance of common stock | 270,510 | — | 8,992 | — | 989 | — | — | 1,179 | 2,168 |
| Exchange of LLC equity for common stock | 331,150 | — | (331,150) | — | 598 | — | — | (598) | — |
| Equity awards withheld for settlement of employee tax obligations | — | — | — | — | — | — | — | (284) | (284) |
| Class A common stock dividends and Dividend Equivalents | — | — | — | — | — | (13,764) | — | — | (13,764) |
| Distributions and Declared Distributions to non-controlling LLC Unitholders | — | — | — | — | — | — | — | (5,758) | (5,758) |
| Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes | — | — | — | — | 709 | — | — | (201) | 508 |
| Distributions declared for non-controlling interest holders’ tax | — | — | — | — | — | — | — | (22,829) | (22,829) |
| Change in share of equity method investment in related party other comprehensive income | — | — | — | — | — | — | (376) | (564) | (940) |
| Loss on interest rate cap, net | — | — | — | — | — | — | (744) | (1,116) | (1,860) |
| Foreign currency translation adjustments | — | — | — | — | — | — | 927 | 1,382 | 2,309 |
| Equity-based compensation | — | — | — | — | 16,378 | — | — | 4,517 | 20,895 |
| Balance at June 30, 2024 | 119,339,130 | $119 | 141,164,071 | $142 | $478,130 | $121,560 | $5,903 | $467,382 | $1,073,236 |
| Class A Common Stock · Class B Common Stock · AdditionalPaid-inCapital · RetainedEarnings · AccumulatedOtherComprehensiveIncome · Non-controllingInterests · TotalStockholders’Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||
| Balance at June 30, 2024 | 119,339,130 | $119 | 141,164,071 | $142 | $478,130 | $121,560 | $5,903 | $467,382 | $1,073,236 |
| Net income | — | — | — | — | — | 17,589 | — | 11,054 | 28,643 |
| Issuance of common stock | 1,123,824 | 1 | 32,262 | — | 3,307 | — | — | 3,670 | 6,978 |
| Forfeiture of common stock | (1,883) | — | — | — | — | — | — | — | — |
| Exchange of LLC equity for common stock | 4,635,453 | 5 | (4,471,561) | (5) | 8,005 | — | — | (8,005) | — |
| Class A common stock dividends and Dividend Equivalents | — | — | — | — | — | (14,176) | — | — | (14,176) |
| Distributions and Declared Distributions to non-controlling LLC Unitholders | — | — | — | — | — | — | — | (5,622) | (5,622) |
| Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes | — | — | — | — | 8,131 | — | — | — | 8,131 |
| Distributions declared for non-controlling interest holders’ tax | — | — | — | — | — | — | — | (21,952) | (21,952) |
| Change in share of equity method investment in related party other comprehensive income | — | — | — | — | — | — | (149) | (204) | (353) |
| Loss on interest rate cap, net | — | — | — | — | — | — | (5,332) | (7,397) | (12,729) |
| Foreign currency translation adjustments | — | — | — | — | — | — | 6,658 | 9,259 | 15,917 |
| Equity-based compensation | — | — | — | — | 2,945 | — | — | 20,514 | 23,459 |
| Balance at September 30, 2024 | 125,096,524 | $125 | 136,724,772 | $137 | $500,518 | $124,973 | $7,080 | $468,699 | $1,101,532 |
Consolidated Statements of Stockholders’ Equity (Unaudited)
(In thousands, except share data)
| Class A Common Stock · Class B Common Stock · AdditionalPaid-inCapital · RetainedEarnings · AccumulatedOtherComprehensiveIncome (Loss) · Non-controllingInterests · TotalStockholders’Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2022 | 112,437,825 | $112 | 147,214,275 | $147 | $418,123 | $53,988 | $6,035 | $339,407 | $817,812 |
| Net income | — | — | — | — | — | 13,160 | — | 23,297 | 36,457 |
| Issuance of common stock | 3,468 | — | — | — | — | — | — | — | — |
| Exchange of LLC equity for common stock | 792,358 | 1 | (792,358) | (1) | 1,430 | — | — | (1,430) | — |
| Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes | — | — | — | — | (395) | — | — | — | (395) |
| Distributions declared for non-controlling interest holders’ tax | — | — | — | — | — | — | — | (15,382) | (15,382) |
| Change in share of equity method investment in related party other comprehensive income | — | — | — | — | — | — | 214 | 370 | 584 |
| Loss on interest rate cap, net | — | — | — | — | — | — | (2,251) | (3,889) | (6,140) |
| Foreign currency translation adjustments | — | — | — | — | — | — | 285 | 498 | 783 |
| Equity-based compensation | — | — | — | — | 17,740 | — | — | 139 | 17,879 |
| Balance at March 31, 2023 | 113,233,651 | $113 | 146,421,917 | $146 | $436,898 | $67,148 | $4,283 | $343,010 | $851,598 |
| Net income | — | — | — | — | — | 30,078 | — | 53,739 | 83,817 |
| Issuance of common stock | 104,196 | — | 21,006 | — | — | — | — | — | — |
| Exchange of LLC equity for common stock | 1,871,084 | 2 | (1,871,084) | (2) | 3,474 | — | — | (3,474) | — |
| Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes | — | — | — | — | 449 | — | — | — | 449 |
| Distributions declared for non-controlling interest holders’ tax | — | — | — | — | — | — | — | (21,992) | (21,992) |
| Change in share of equity method investment in related party other comprehensive income | — | — | — | — | — | — | 323 | 545 | 868 |
| Gain on interest rate cap, net | — | — | — | — | — | — | 3,816 | 6,434 | 10,250 |
| Foreign currency translation adjustments | — | — | — | — | — | — | 103 | 176 | 279 |
| Equity-based compensation | — | — | — | — | 12,104 | — | — | 6,545 | 18,649 |
| Balance at June 30, 2023 | 115,208,931 | $115 | 144,571,839 | $144 | $452,925 | $97,226 | $8,525 | $384,983 | $943,918 |
| Net income (loss) | — | — | — | — | — | (5,047) | — | 20,750 | 15,703 |
| Issuance of common stock | 426,647 | — | 41,446 | — | 2,694 | — | — | — | 2,694 |
| Exchange of LLC equity for common stock | 2,586,950 | 3 | (2,586,950) | (3) | 4,804 | — | — | (4,804) | — |
| Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes | — | — | — | — | (32,970) | — | — | 13,136 | (19,834) |
| Distributions declared for non-controlling interest holders’ tax | — | — | — | — | — | — | — | (18,104) | (18,104) |
| Change in share of equity method investment in related party other comprehensive loss | — | — | — | — | — | — | (267) | (405) | (672) |
| Gain on interest rate cap, net | — | — | — | — | — | — | 545 | 829 | 1,374 |
| Foreign currency translation adjustments | — | — | — | — | (17) | — | (567) | (862) | (1,446) |
| Equity-based compensation | — | — | — | — | 14,868 | — | — | 2,740 | 17,608 |
| Balance at September 30, 2023 | 118,222,528 | $118 | 142,026,335 | $141 | $442,304 | $92,179 | $8,236 | $398,263 | $941,241 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.