BRP Group, Inc. (BRP) financial statements (2022 and earlier)

Company profile

Business Address 4211 W. BOY SCOUT BLVD.
TAMPA, FL 33607
State of Incorp. DE
Fiscal Year End December 31
SIC 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13810868
Cash and cash equivalents13810868
Restricted cash and investments89343
Receivables200
Other undisclosed current assets34916062
Total current assets:578302133
Noncurrent Assets
Operating lease, right-of-use asset82  
Property, plant and equipment17113
Intangible assets, net (including goodwill)2,1731,206257
Goodwill1,229652164
Intangible assets, net (excluding goodwill)94455492
Other noncurrent assets26116
Total noncurrent assets:2,2981,228266
TOTAL ASSETS:2,8761,530399
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:924712
Accrued liabilities10133
Employee-related liabilities22114
Interest and dividends payable 10
Other undisclosed accounts payable and accrued liabilities60236
Debt 4 
Due to related parties62  
Business combination, contingent consideration, liability3562
Other undisclosed current liabilities35216058
Total current liabilities:54121773
Noncurrent Liabilities
Long-term debt and lease obligation92138140
Long-term debt, excluding current maturities85038140
Operating lease, liability71  
Liabilities, other than long-term debt22716148
Other liabilities422
Business combination, contingent consideration, liability22415946
Total noncurrent liabilities:1,14854389
Total liabilities:1,689760161
Temporary equity, carrying amount000
Stockholders' equity
Stockholders' equity attributable to parent, including:60836873
Additional paid in capital66339282
Accumulated deficit(55)(24)(9)
Receivable from shareholders or affiliates for issuance of capital stock(0)(0)(1)
Other undisclosed stockholders' equity attributable to parent100
Stockholders' equity attributable to noncontrolling interest579402164
Total stockholders' equity:1,187770237
TOTAL LIABILITIES AND EQUITY:2,8761,530399

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Revenues
(Insurance Commissions and Fees)
567241138
Cost of revenue(477)(207)(114)
Gross profit:903424
Operating expenses(122)(56)(29)
Operating loss:(32)(22)(5)
Nonoperating expense(26)(8)(17)
Interest and debt expense (1)(1)
Loss from continuing operations before equity method investments, income taxes:(58)(31)(24)
Other undisclosed income from continuing operations before income taxes 11
Loss from continuing operations before income taxes:(58)(30)(22)
Income tax expense (benefit)(0)0(0)
Net loss:(58)(30)(22)
Net income attributable to noncontrolling interest271414
Net loss available to common stockholders, diluted:(31)(16)(9)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net loss:(58)(30)(22)
Comprehensive loss:(58)(30)(22)
Comprehensive income, net of tax, attributable to noncontrolling interest271414
Comprehensive loss, net of tax, attributable to parent:(31)(16)(9)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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