Focus Financial Partners Inc.

2023 Q2 Form 10-Q Financial Statement

#000155837023013048 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2

Balance Sheet

Concept 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $137.0M
YoY Change -38.0%
Cash & Equivalents $137.0M
Short-Term Investments
Other Short-Term Assets $207.0M
YoY Change 24.91%
Inventory
Prepaid Expenses
Receivables $236.8M
Other Receivables $0.00
Total Short-Term Assets $580.8M
YoY Change -2.17%
LONG-TERM ASSETS
Property, Plant & Equipment $56.80M
YoY Change 21.21%
Goodwill $2.311B
YoY Change 12.7%
Intangibles $1.758B
YoY Change 8.18%
Long-Term Investments
YoY Change
Other Assets $245.5M
YoY Change 2.2%
Total Long-Term Assets $4.640B
YoY Change 10.04%
TOTAL ASSETS
Total Short-Term Assets $580.8M
Total Long-Term Assets $4.640B
Total Assets $5.221B
YoY Change 8.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.61M
YoY Change -16.16%
Accrued Expenses $400.3M
YoY Change 6.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $454.9M
YoY Change 2.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.600B
YoY Change 4.74%
Other Long-Term Liabilities $748.4M
YoY Change 25.22%
Total Long-Term Liabilities $3.349B
YoY Change 8.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $454.9M
Total Long-Term Liabilities $3.349B
Total Liabilities $3.850B
YoY Change 8.1%
SHAREHOLDERS EQUITY
Retained Earnings $148.3M
YoY Change 70.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.081B
YoY Change
Total Liabilities & Shareholders Equity $5.221B
YoY Change 8.53%

Cashflow Statement

Concept 2023 Q2

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Registrant Name
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Focus Financial Partners Inc.
dei Entity Incorporation State Country Code
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DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Address Address Line1
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875 Third Avenue, 28th Floor
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dei Security12b Title
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Class A common stock, par value$0.01 per share
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us-gaap Profit Loss
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Use of Estimates</b>—The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p>
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CY2021Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Acquired During Period
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CY2022 us-gaap Goodwill Period Increase Decrease
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CY2023Q2 focs Business Combination Deferred Cash Consideration Amount Due Year Four
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CY2023Q2 focs Business Combination Deferred Cash Consideration Amount Due Year Six
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CY2022 focs Additions To Estimated Contingent Consideration
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q2 focs Reserve For Uncertain Tax Positions
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CY2018Q3 focs Number Of Tax Receivable Agreements
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focs Percentage Of Payments To Each Holder Of Tax Receivable Agreements On Net Cash Savings
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focs Percentage Of Retained Benefit On Net Cash Savings
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us-gaap Loss Contingency Loss In Period
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focs Noncash Or Part Noncash Fair Market Value Of Estimated Contingent Consideration In Connection With Acquisitions
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