BRP Group Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
BWIN$32.18+0.1%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 and Mezzanine Equity
| Stockholders' Equity · Mezzanine Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock · Class B Common Stock · Additional Paid-in Capital · Accumulated Deficit · Stockholder Notes Receivable · Non-controlling Interest · Total · Redeemable Non-controlling Interest | ||||||||||
| (in thousands, except share data) · Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2020 | 44,953,166 | $450 | 49,828,383 | $5 | $392,139 | $(24,346) | $(465) | $402,087 | $769,870 | $98 |
| Net income (loss) | — | — | — | — | — | (30,646) | — | (27,645) | (58,291) | 171 |
| Issuances of Class A common stock, net of underwriting discounts and offering costs | 9,200,000 | 92 | — | — | 159,101 | — | — | 109,128 | 268,321 | — |
| Equity issued in business combinations | 1,053,190 | 10 | 7,441,139 | 1 | 86,606 | — | — | 107,990 | 194,607 | — |
| Share-based compensation, net of forfeitures | 2,465,032 | 25 | — | — | 16,621 | — | — | 960 | 17,606 | — |
| Redemption of Class B common stock | 931,471 | 9 | (931,471) | — | 8,535 | — | — | (8,544) | — | — |
| Tax distributions to BRP's LLC Members | — | — | — | — | — | — | — | (5,072) | (5,072) | — |
| Repayment of stockholder notes receivable | — | — | — | — | — | — | 246 | — | 246 | — |
| Balance at December 31, 2021 | 58,602,859 | 586 | 56,338,051 | 6 | 663,002 | (54,992) | (219) | 578,904 | 1,187,287 | 269 |
| Net income (loss) | — | — | — | — | — | (41,772) | — | (35,194) | (76,966) | 218 |
| Equity issued in business combinations | 226,338 | 2 | — | — | 2,525 | — | — | 2,282 | 4,809 | — |
| Share-based compensation, net of forfeitures | 777,037 | 8 | 29,430 | — | 30,658 | — | — | (2,100) | 28,566 | — |
| Redemption and cancellation of Class B common stock | 1,841,134 | 18 | (1,862,563) | (1) | 8,106 | — | — | (8,123) | — | — |
| Tax distributions to BRP's LLC Members | — | — | — | — | — | — | — | (4,321) | (4,321) | — |
| Repayment of stockholder notes receivable | — | — | — | — | — | — | 177 | — | 177 | — |
| Balance at December 31, 2022 | 61,447,368 | 614 | 54,504,918 | 5 | 704,291 | (96,764) | (42) | 531,448 | 1,139,552 | 487 |
| Net income (loss) | — | — | — | — | — | (90,141) | — | (74,170) | (164,311) | 292 |
| Share-based compensation, net of forfeitures | 676,512 | 7 | — | — | 23,685 | — | — | 19,995 | 43,687 | — |
| Redemption of Class B common stock | 2,082,424 | 21 | (2,082,424) | — | 19,975 | — | — | (19,996) | — | — |
| Cancellation of Class A common stock | (72,354) | (1) | — | — | (1,280) | — | — | 1,281 | — | — |
| Tax distributions to BRP's LLC Members | — | — | — | — | — | — | — | (482) | (482) | — |
| Repayment of stockholder notes receivable | — | — | — | — | — | — | 42 | — | 42 | — |
| Distributions to variable interest entities | — | — | — | — | — | — | — | — | — | (385) |
| Balance at December 31, 2023 | 64,133,950 | $641 | 52,422,494 | $5 | $746,671 | $(186,905) | $— | $458,076 | $1,018,488 | $394 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.