XML 28 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Mar. 31, 2022
ASSETS      
Cash and cash equivalents $ 3,057 $ 8,726 [1] $ 70,588
Restricted cash 821 819 [1] 5,517
Investments 489,290 497,221 674,170
Other assets, net (related party of $1,405 and $2,195)   32,903 19,883
Intangible assets 3,100 3,100 [1] 3,100
Goodwill 1,271,621 2,367,926 [1] 2,367,750
Total assets 1,795,863 2,910,695 [1] 3,141,008
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Other liabilities (related party of $7 and $100)   14,622 12,359
Warrant liability 1,128 0 [1]  
Contingent consideration payable   0 20,152
Customer ExAlt Trusts loan payable, net 49,529 52,129 [1] 65,674
Total liabilities 263,864 231,789 [1] 241,434
Total temporary equity 251,052 950,493 [1] 1,907,888
The Beneficient Company Group, L.P. Partners' Capital:      
Preferred stock, par value $0.001 per share, 250,000 shares authorized, 0 and 0 shares of Series A issued and outstanding as of June 30, 2023 and March 31, 2023 0 0 [1]  
Additional paid-in capital 1,583,041 1,579,545 [1]  
Accumulated deficit (1,079,091) 0 [1]  
Stock receivable (20,038) 0 [1]  
Common units (67,486 units issued and outstanding as of March 31, 2023 and March 31, 2022)   599,524 718,568
Treasury common units, at cost (544 units as of March 31, 2023 and March 31, 2022) (3,444) (3,444) [1] (3,444)
Noncontrolling interests 786,080 142,213 [1] 277,888
Accumulated other comprehensive income (loss) 14,190 9,900 [1] (1,326)
Total equity 1,280,947 [2] 1,728,413 [1],[2] 991,686
Total liabilities, temporary equity, and equity 1,795,863 2,910,695 [1] 3,141,008
Previously Reported [Member]      
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Total temporary equity   1,930,712  
The Beneficient Company Group, L.P. Partners' Capital:      
Noncontrolling interests   142,214  
Total equity   748,194  
Preferred Series A Subclass 0      
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Redeemable noncontrolling interests 251,052 251,052 [1] 249,907
Preferred Series A Subclass 0 | Previously Reported [Member]      
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Redeemable noncontrolling interests   251,051  
Preferred Series A Subclass 1      
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Redeemable noncontrolling interests   893,302 936,191
Preferred Series A Subclass 1      
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Redeemable noncontrolling interests 0 699,441 [1]  
Common Class A      
The Beneficient Company Group, L.P. Partners' Capital:      
Common stock 190 180 [1]  
Common Class B      
The Beneficient Company Group, L.P. Partners' Capital:      
Common stock 19 19 [1]  
Redeemable Preferred Stock      
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Redeemable preferred equity   786,359 721,790
Nonrelated Party      
ASSETS      
Other assets, net (related party of $1,405 and $2,195) 27,974 32,903 [1] 19,883
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Accounts payable and accrued expenses 93,413 65,724 [1] 37,332
Other liabilities (related party of $7 and $100) 19,722 14,622 [1] 12,359
Related Party      
LIABILITIES, TEMPORARY EQUITY, AND EQUITY      
Debt due to related parties   99,314 105,917
Debt due to related party, net 100,072 99,314 [1]  
Variable Interest Entity, Primary Beneficiary | Nonrelated Party      
ASSETS      
Investments 486,944 491,859 [1] 659,921
Variable Interest Entity, Primary Beneficiary | Related Party      
ASSETS      
Investments   76,154 127,284
Beneficient | Nonrelated Party      
ASSETS      
Investments $ 2,346 5,362 [1] 14,249
Beneficient | Related Party      
ASSETS      
Investments   $ 1,371 $ 14,249
[1] Retroactively adjusted March 31, 2023 for the de-SPAC merger transaction as described in Note 4. Such adjustments are unaudited.
[2] Retroactively adjusted March 31, 2023 for de-SPAC merger transaction as described in Note 4.