XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Total revenues $ 49,996 $ 38,145 $ 140,015 $ 104,901
OPERATING EXPENSES        
Compensation and benefits 23,984 14,055 60,293 38,328
Professional fees 4,064 2,901 9,416 9,038
General, administrative and other 4,031 2,667 12,393 6,919
Contingent consideration expense 1,380 (26) 1,367 134
Amortization of intangibles 6,153 7,484 18,487 22,452
Strategic alliance expense 124 0 429 0
Total operating expenses 39,736 27,081 102,385 76,871
INCOME FROM OPERATIONS 10,260 11,064 37,630 28,030
OTHER (EXPENSE)/INCOME        
Interest expense implied on notes payable to sellers 0 (223) 0 (657)
Interest expense, net (2,358) (5,261) (5,268) (15,761)
Other income 183 257 1,303 802
Total other (expense) (2,175) (5,227) (3,965) (15,616)
Net income before income taxes 8,085 5,837 33,665 12,414
Income tax expense (2,468) (1,759) (9,102) (3,154)
NET INCOME 5,617 4,078 24,563 9,260
Less: preferred dividends attributable to redeemable noncontrolling interest 0 (494) 0 (1,483)
NET INCOME ATTRIBUTABLE TO P10 $ 5,617 $ 3,584 $ 24,563 $ 7,777
Earnings per share        
Basic earnings per share $ 0.05 $ 0.04 $ 0.21 $ 0.09
Diluted earnings per share 0.05 0.04 0.20 0.08
Dividends paid per share $ 0.03 $ 0 $ 0.06 $ 0
Weighted average shares outstanding, basic 117,210 62,465 117,210 62,465
Weighted average shares outstanding, diluted 121,532 66,788 121,362 66,703
Management and Advisory Fees        
REVENUES        
Total revenues $ 49,479 $ 37,939 $ 138,957 $ 104,029
Other Revenue [Member]        
REVENUES        
Total revenues $ 517 $ 206 $ 1,058 $ 872