Understanding our Financial Statements and the Impact to the Common Shareholder (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

Schedule of Segment Reporting Information, by Segment

The following table presents a reconciliation of operating income (loss) of our reportable segments, excluding the Customer ExAlt Trusts, to net income (loss) attributable to Beneficient’s common shareholders. This reconciliation serves to provide users of our financial statements an understanding and visual aide of the reportable segments that impact net income (loss) attributable to the common shareholder and reiterates that the consolidation of the Customer ExAlt Trusts has no impact on the net income (loss) attributable to Beneficient’s common shareholders.


(in thousands)	Three Months Ended June 30, 2023			Three Months Ended June 30, 2022
Operating income (loss)
Ben Liquidity	$	(903,026	)	$	(32,853	)
Ben Custody		(189,997	)		6,163
Corporate & Other		(49,081	)		(28,755	)
Less: Income tax expense (benefit)		—			397
Less: Net loss attributable to noncontrolling interests—Ben		30,686			7,536
Less: Net income attributable to noncontrolling interests—CT		—			(1,795	)
Less: Noncontrolling interest guaranteed payment		(4,105	)		(3,868	)

Net loss attributable to common shareholders	$	(1,115,523	)	$	(53,969	)

The following table presents a reconciliation of operating income (loss) of our reportable segments, excluding the Customer ExAl

t Tr

usts, to net income (loss) attributable to The Beneficient Company Group, L.P. common unitholder. This reconciliation serves to provide users of our financial statements an understanding and visual aide of the reportable segments that impact net income (loss) attributable to the common unitholder and

reiterates

that the consolidation of the Customer ExAlt Trusts has no impact on the net income (loss) attributable to The Beneficient Company Group, L.P. common unitholder.


(in thousands)	Year Ended March 31, 2023			Three Months Ended March 31, 2022			Year Ended December 31, 2021			Year Ended December 31, 2020
Operating income (loss)
Ben Liquidity	$	(46,512	)	$	(20,299	)	$	21,191		$	25,238
Ben Custody		24,046			7,301			16,193			15,922
Corporate & Other		(112,845	)		(31,607	)		(77,991	)		(136,155	)
Loss on extinguishment of debt, related parties		—			—			(34,013	)		—
Less: Income tax expense (benefit)		(1,072	)		1,072			—			3,459
Less: Net loss attributable to noncontrolling interests—Ben		19,081			5,038			12,870			40,414
Less: Noncash deemed contribution on extinguishment of redeemable noncontrolling interest		—			—			14,200			—
Less: Noncash deemed dividend on extinguishment of redeemable noncontrolling interest		—			—			(46,202	)		—
Less: Noncontrolling interest guaranteed payment		(15,822	)		(3,788	)		(1,264	)		—

Net loss attributable to common unitholders	$	(130,980	)	$	(44,427	)	$	(95,016	)	$	(58,040	)