Post-effective amendment to a registration statement that is not immediately effective upon filing

Restatement of Quarterly Financial Information (Unaudited) - Condensed (Details)

v3.22.2.2
Restatement of Quarterly Financial Information (Unaudited) - Condensed (Details) - USD ($)
 1 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended 9 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2021
Jun. 30, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2020
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 02, 2021
Dec. 31, 2020
Dec. 31, 2019
Condensed Consolidated Balance Sheet                                  
Total Current Assets                 $ 179,512           $ 456,123 $ 179,512  
Total Assets                 394,960           316,723,259 394,960  
Accumulated Deficit (formerly Accumulated Loss from Controlling Interests)                 (2,286)           (34,190,624) (2,286)  
Total Liabilities, Mezzanine Equity & Members' Equity (Deficit)                 394,960           316,723,259 394,960  
Condensed Consolidated Statement of Operations                                  
Operating Loss                 (2,286)           (22,747,817)    
P3 Health Partners Inc.                                  
Condensed Consolidated Balance Sheet                                  
Health Plan Receivables, Net $ 50,251,004 $ 99,806,410             44,962,787 $ 99,806,410           44,962,787  
Total Current Assets 199,860,950 170,979,084             90,880,587 170,979,084           90,880,587  
Total Assets 2,364,108,460 [1],[2] 1,444,209,840 [1]             106,435,206 [2] 1,444,209,840 [1]           106,435,206 [2]  
Accumulated Deficit (formerly Accumulated Loss from Controlling Interests) (39,418,124) (204,345,577)             (130,485,179) (204,345,577)           (130,485,179)  
Total Liabilities, Mezzanine Equity & Members' Equity (Deficit) 2,364,108,460 1,444,209,840             106,435,206 1,444,209,840           106,435,206  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue 58,762,397 269,453,971   $ 144,586,444           542,998,305 $ 295,884,386       578,602,418 491,063,525 $ 145,482,112
Medical Expenses 66,877,005 267,448,368   150,380,517           533,269,170 297,005,022       592,465,049 484,502,423 141,029,737
Operating Loss (58,887,666) (912,187,157)   (25,971,063)           (964,354,885) (38,959,491)       (129,057,592) (28,587,678) (39,535,671)
Add: Net loss and tax effect attributable to Non-controlling interest (47,856,729) (748,755,990)               (798,968,740)              
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Balance at the end 273,551,441 108,624,475   (183,308,520) $ (154,407,902)       (130,217,705) 108,624,475 (183,308,520)       (272,916,391) (130,217,705) (99,073,637)
Condensed Consolidated Statement of Cash Flows                                  
Health Plan Receivables / Premiums 3,236,036                 (49,555,406) 1,212,093       (2,770,246) (27,507,240) (9,653,991)
P3 Health Partners Inc. | Capitated Revenue                                  
Condensed Consolidated Balance Sheet                                  
Health Plan Receivables, Net 50,251,004 99,806,410             44,962,787 99,806,410           44,962,787  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue 57,224,539 267,102,466   141,560,867           536,787,281 290,525,057       567,735,297 480,739,577 139,332,707
P3 Health Partners Inc. | Other Patient Service Revenue                                  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue $ 1,537,858 $ 2,351,505   $ 3,025,577           $ 6,211,024 $ 5,359,329       $ 10,867,121 10,323,948 $ 6,149,405
P3 Health Partners Inc. | Class A Units Subject to Possible Redemption                                  
Condensed Consolidated Balance Sheet                                  
Units Subject to Possible Redemption (Predecessor)                 43,656,270             43,656,270  
P3 Health Partners Inc. | Class D Units Subject To Possible Redemption                                  
Condensed Consolidated Balance Sheet                                  
Units Subject to Possible Redemption (Predecessor)                 47,041,554             $ 47,041,554  
P3 Health Partners Inc. | Class A and Class D Units                                  
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Preferred return                   8.00%           8.00% 8.00%
P3 Health Partners Inc. | Class A Units                                  
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Preferred return     8.00% 8.00% 8.00% 8.00% 8.00% 8.00%     8.00% 8.00% 8.00% 8.00%      
P3 Health Partners Inc. | As Previously Reported                                  
Condensed Consolidated Balance Sheet                                  
Health Plan Receivables, Net         $ 3,687,918       38,429,833             $ 38,429,833  
Total Current Assets         78,762,484       84,347,633             84,347,633  
Total Assets         94,189,692       99,902,252             99,902,252  
Contributed Capital     $ 41,764,270 $ 41,764,270 41,764,270       41,764,270   $ 41,764,270   $ 41,764,270     41,764,270 $ 41,764,270
Class A Preferred Returns     6,594,660 5,632,496 4,705,644       3,815,034   5,632,496   6,594,660     3,815,034 430,230
Accumulated Equity-Based Compensation     2,747,960 2,392,875 1,829,084       1,368,567   2,392,875   2,747,960     1,368,567 921,092
Accumulated Loss from Controlling Interests       (23,429,094)             (23,429,094)            
Retained Loss from Non-Controlling Interests     (26,231,059)   (21,469,673)       (18,187,381)       (26,231,059)     (18,187,381) (13,880,310)
Accumulated Deficit (formerly Accumulated Loss from Controlling Interests)     (203,942,517) (172,576,003) (149,567,493)       (126,242,225)   (172,576,003)   (203,942,517)     (126,242,225) (85,167,716)
Total Liabilities, Mezzanine Equity & Members' Equity (Deficit)         94,189,692       99,902,252             99,902,252  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     156,520,255 151,418,598 151,564,380 $ 128,840,991 $ 116,864,492 $ 114,958,796     302,982,979 $ 231,823,288 459,503,232 $ 360,664,280   485,541,291 145,894,832
Medical Expenses     161,662,423 150,679,717 146,890,945 127,015,976 105,777,973 115,464,322     297,570,662 221,242,295 459,233,085 348,258,272   485,513,143 141,442,457
Total Operating Expenses     184,643,797 170,856,707 164,552,810 142,355,570 121,527,179 121,088,507     335,409,517 242,615,687 520,053,309 384,971,257      
Operating Loss       (19,438,108)             (32,426,538)   (60,550,077)     (35,120,632)  
Interest Expense, net     (4,643,254) (4,406,240) (4,081,134) (2,316,579) (2,249,977) (2,261,063)     (8,487,374) (4,561,039) (13,130,628) (6,877,619)      
Total Other Expense     (6,044,940) (5,529,823) (13,619,130) (2,316,579) (2,299,977) (2,261,063)     (19,148,953) (4,561,039) (25,193,893) (6,877,619)      
Net Loss     34,168,482 24,967,931 26,607,560 15,831,158 6,962,664 8,390,774     51,575,491 15,353,438 85,743,970 31,184,596      
Add: Net loss and tax effect attributable to Non-controlling interest     (2,801,965) (1,959,421) (3,282,292) 875,560 (2,774,562) (1,550,953)     (5,241,713) (4,325,515) (8,043,678) (3,449,955)   (4,307,071) (7,907,592)
Net Loss (formerly Net Loss Attributable to Controlling Interests)     (31,366,517) (23,008,510) (23,325,268) (16,706,718) (4,188,102) (6,839,821)     (46,333,778) (11,027,923) (77,700,292) (27,734,641)      
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Net Loss     34,168,482 24,967,931 26,607,560 15,831,158 6,962,664 8,390,774     51,575,491 15,353,438 85,743,970 31,184,596      
Balance at the end     (179,246,686) (146,395,455) (122,918,168) (84,110,848) (69,173,164) 63,212,106 (97,661,735)   (146,395,455) (69,173,164) (179,246,686) (84,110,848)   (97,661,735) (55,932,434)
Condensed Consolidated Statement of Cash Flows                                  
Net Loss     34,168,482 24,967,931 26,607,560 15,831,158 6,962,664 8,390,774     51,575,491 15,353,438 85,743,970 31,184,596      
Health Plan Receivables / Premiums                     (5,320,861)   (7,417,477)        
Class A and Class D Preferred Returns         1,956,848     (1,859,271)     3,993,325 3,718,542 6,107,441 5,577,812   7,437,080 945,297
P3 Health Partners Inc. | As Previously Reported | Capitated Revenue                                  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     152,276,992 147,159,665 147,700,465 124,461,275 114,042,681 112,514,334     294,860,130 226,557,015 447,137,121 351,018,290   471,551,241 138,727,943
Interest Expense, net                     294,860,130            
P3 Health Partners Inc. | As Previously Reported | Other Patient Service Revenue                                  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     4,243,263 4,258,933 3,863,915 4,379,716 2,821,811 2,444,462     8,122,849 5,266,273 12,366,111 9,645,990   13,990,050 7,166,889
P3 Health Partners Inc. | As Previously Reported | Class D Units Subject To Possible Redemption                                  
Condensed Consolidated Balance Sheet                                  
Units Subject to Possible Redemption (Predecessor)     54,936,716 53,784,760 52,675,137       51,608,900   53,784,760   54,936,716     51,608,900 47,556,622
P3 Health Partners Inc. | As Previously Reported | Class A and Class D Units                                  
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Preferred Return(s) at 8%                               7,437,080 945,298
Condensed Consolidated Statement of Cash Flows                                  
Class A and Class D Preferred Returns                     3,993,325            
P3 Health Partners Inc. | As Previously Reported | Class A Units                                  
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Preferred Return(s) at 8%     962,163 926,852 890,612 840,805 847,048 846,999     1,817,564 1,694,048 2,779,619 2,534,853      
P3 Health Partners Inc. | Network Adjustments                                  
Condensed Consolidated Balance Sheet                                  
Accumulated Loss from Controlling Interests       23,429,094             23,429,094            
Retained Loss from Non-Controlling Interests     26,231,059   21,469,673       18,187,381       26,231,059     18,187,381 13,880,310
Accumulated Deficit (formerly Accumulated Loss from Controlling Interests)     (26,231,059) (23,429,094) (21,469,673)       (18,187,381)   (23,429,094)   (26,231,059)     (18,187,381) (13,880,310)
Condensed Consolidated Statement of Operations                                  
Add: Net loss and tax effect attributable to Non-controlling interest     2,801,965 1,959,421 3,282,292 (875,560) 2,774,562 1,550,953     5,241,713 4,325,515 8,043,678 3,449,955   4,307,071 7,907,592
Net Loss (formerly Net Loss Attributable to Controlling Interests)     (2,801,965) (1,959,421) (3,282,292) 875,560 (2,774,562) (1,550,953)     (5,241,713) (4,325,515) (8,043,678) (3,449,955)      
P3 Health Partners Inc. | Preferred Returns Adjustments                                  
Condensed Consolidated Balance Sheet                                  
Class A Preferred Returns     (6,594,660) (5,632,496) (4,705,644)       (3,815,034)   (5,632,496)   (6,594,660)     (3,815,034) (430,230)
Accumulated Deficit (formerly Accumulated Loss from Controlling Interests)     14,489,765 12,375,705 10,339,227       8,382,381   12,375,705   14,489,765     8,382,381 945,297
Condensed Consolidated Statement of Operations                                  
Interest Expense, net     2,114,063 2,036,476 1,956,848 1,859,270 1,859,271 1,859,271     3,993,325 3,718,542 6,107,441 5,577,812      
Total Other Expense     2,114,063 2,036,476 1,956,848 1,859,270 1,859,271 1,859,271     3,993,325 3,718,542 6,107,441 5,577,812      
Net Loss     (2,114,063) (2,036,476) (1,956,848) (1,859,270) (1,859,271) (1,859,271)     (3,993,325) (3,718,542) (6,107,441) (5,577,812)      
Net Loss (formerly Net Loss Attributable to Controlling Interests)     2,114,063 2,036,476 1,956,848 1,859,270 1,859,271 1,859,271     3,993,325 3,718,542 6,107,441 5,577,812      
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Net Loss     (2,114,063) (2,036,476) (1,956,848) (1,859,270) (1,859,271) (1,859,271)     (3,993,325) (3,718,542) (6,107,441) (5,577,812)      
Balance at the end     7,895,167 6,743,106 5,633,581 3,558,027 2,539,562 (1,527,340) 4,567,346   6,743,106 2,539,562 7,895,167 3,558,027   4,567,346 515,068
Condensed Consolidated Statement of Cash Flows                                  
Net Loss     (2,114,063) (2,036,476) (1,956,848) (1,859,270) (1,859,271) (1,859,271)     (3,993,325) (3,718,542) (6,107,441) (5,577,812)      
Class A and Class D Preferred Returns         (1,956,848)     1,859,271     (3,993,325) (3,718,542) (6,107,441) (5,577,812)   (7,437,080) (945,297)
P3 Health Partners Inc. | Preferred Returns Adjustments | Class D Units Subject To Possible Redemption                                  
Condensed Consolidated Balance Sheet                                  
Units Subject to Possible Redemption (Predecessor)     (7,895,162) (6,743,207) (5,633,583)       (4,567,346)   (6,743,207)   (7,895,162)     (4,567,346) (515,068)
P3 Health Partners Inc. | Preferred Returns Adjustments | Class A and Class D Units                                  
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Preferred Return(s) at 8%                               (7,437,080) (945,298)
Condensed Consolidated Statement of Cash Flows                                  
Class A and Class D Preferred Returns                     (3,993,325)            
P3 Health Partners Inc. | Preferred Returns Adjustments | Class A Units                                  
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Preferred Return(s) at 8%     (962,163) (926,852) (890,612) (840,805) (847,048) (846,999)     (1,817,564) (1,694,048) (2,779,619) (2,534,853)      
P3 Health Partners Inc. | Class A Units Adjustment                                  
Condensed Consolidated Balance Sheet                                  
Contributed Capital     (41,764,270) (41,764,270) (41,764,270)       (41,764,270)   (41,764,270)   (41,764,270)     (41,764,270) (41,764,270)
Accumulated Equity-Based Compensation     (921,092) (921,092) (921,092)       (921,092)   (921,092)   (921,092)     (921,092) (921,092)
Accumulated Deficit (formerly Accumulated Loss from Controlling Interests)     (970,908) (970,908) (970,908)       (970,908)   (970,908)   (970,908)     (970,908) (970,908)
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Balance at the end     (43,656,331) (43,656,170) (43,656,269) (43,656,271) (43,656,272) 43,656,272 (43,656,270)   (43,656,170) (43,656,272) (43,656,331) (43,656,271)   (43,656,270) (43,656,271)
P3 Health Partners Inc. | Class A Units Adjustment | Class A Units Subject to Possible Redemption                                  
Condensed Consolidated Balance Sheet                                  
Units Subject to Possible Redemption (Predecessor)     43,656,270 43,656,270 43,656,270       43,656,270   43,656,270   43,656,270     43,656,270 43,656,270
P3 Health Partners Inc. | Revenue Adjustment                                  
Condensed Consolidated Balance Sheet                                  
Health Plan Receivables, Net         6,532,954       6,532,954             6,532,954  
Total Current Assets         6,532,954       6,532,954             6,532,954  
Total Assets         6,532,954       6,532,954             6,532,954  
Accumulated Deficit (formerly Accumulated Loss from Controlling Interests)         6,532,954       6,532,954             6,532,954  
Total Liabilities, Mezzanine Equity & Members' Equity (Deficit)         6,532,954       6,532,954             6,532,954  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     (334,300) (6,832,155) (266,440) (297,500) (152,040) (150,800)     (7,098,593) (302,840) (7,432,894) (600,340)   5,522,234 (412,720)
Medical Expenses     (334,300) (299,200) (266,440) (297,500) (152,040) (150,800)     (565,640) (302,840) (899,940) (600,340)   (1,010,720) (412,720)
Total Operating Expenses     (334,300) (299,200) (266,440) (297,500) (152,040) (150,800)     (565,640) (302,840) (899,940) (600,340)      
Operating Loss       (6,532,955)             (6,532,953)   (6,532,954)     6,532,954  
Net Loss       6,532,955             6,532,953   6,532,954        
Net Loss (formerly Net Loss Attributable to Controlling Interests)       (6,532,955)             (6,532,953)   (6,532,954)        
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Net Loss       6,532,955             6,532,953   6,532,954        
Balance at the end         6,532,954       6,532,954             6,532,954  
Condensed Consolidated Statement of Cash Flows                                  
Net Loss       6,532,955             6,532,953   6,532,954        
Health Plan Receivables / Premiums                     6,532,953   6,532,954        
P3 Health Partners Inc. | Revenue Adjustment | Capitated Revenue                                  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     796,003 (5,598,799) 1,263,725 721,351 472,742 436,017     (4,335,073) 908,759 (3,539,071) 1,630,111   9,188,336 604,764
Interest Expense, net                     (4,335,073)            
P3 Health Partners Inc. | Revenue Adjustment | Other Patient Service Revenue                                  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     (1,130,303) (1,233,356) (1,530,165) (1,018,851) (624,782) (586,817)     (2,763,520) (1,211,599) (3,893,823) (2,230,451)   (3,666,102) (1,017,484)
P3 Health Partners Inc. | As Restated                                  
Condensed Consolidated Balance Sheet                                  
Health Plan Receivables, Net         10,220,872       44,962,787             44,962,787  
Total Current Assets         85,295,438       90,880,587             90,880,587  
Total Assets         100,722,646       106,435,206             106,435,206  
Accumulated Equity-Based Compensation     1,826,868 1,471,783 907,992       447,475   1,471,783   1,826,868     447,475  
Accumulated Deficit (formerly Accumulated Loss from Controlling Interests)     (216,654,719) (184,600,300) (155,135,893)       (130,485,179)   (184,600,300)   (216,654,719)     (130,485,179) (99,073,637)
Total Liabilities, Mezzanine Equity & Members' Equity (Deficit)         100,722,646       106,435,206             106,435,206  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     156,185,955 144,586,443 151,297,940 128,543,491 116,712,452 114,807,996     295,884,386 231,520,448 452,070,338 360,063,940   491,063,525 145,482,112
Medical Expenses     161,328,123 150,380,517 146,624,505 126,718,476 105,625,933 115,313,522     297,005,022 220,939,455 458,333,145 347,657,932   484,502,423 141,029,737
Total Operating Expenses     184,309,497 170,557,507 164,286,370 142,058,070 121,375,139 120,937,707     334,843,877 242,312,847 519,153,369 384,370,917      
Operating Loss       (25,971,063)             (38,959,491)   (67,083,031)     (28,587,678)  
Interest Expense, net     (2,529,191) (2,369,764) (2,124,286) (457,309) (390,706) (401,792)     (4,494,049) (842,497) (7,023,187) (1,299,807)      
Total Other Expense     (3,930,877) (3,493,347) (11,662,282) (457,309) (440,706) (401,792)     (15,155,628) (842,497) (19,086,452) (1,299,807)      
Net Loss     32,054,419 29,464,410 24,650,712 13,971,888 5,103,393 6,531,503     54,115,119 11,634,896 86,169,483 25,606,784      
Net Loss (formerly Net Loss Attributable to Controlling Interests)     (32,054,419) (29,464,410) (24,650,712) (13,971,888) (5,103,393) (6,531,503)     (54,115,119) (11,634,896) (86,169,483) (25,606,784)      
Condensed Consolidated Statement of Changes in Members' Deficit                                  
Net Loss     32,054,419 29,464,410 24,650,712 13,971,888 5,103,393 6,531,503     54,115,119 11,634,896 86,169,483 25,606,784      
Balance at the end     (215,007,850) (183,308,519) (154,407,902) (124,209,092) (110,289,874) 105,341,038 (130,217,705)   (183,308,519) (110,289,874) (215,007,850) (124,209,092)   (130,217,705) (99,073,637)
Condensed Consolidated Statement of Cash Flows                                  
Net Loss     32,054,419 29,464,410 24,650,712 13,971,888 5,103,393 6,531,503     54,115,119 11,634,896 86,169,483 25,606,784      
Health Plan Receivables / Premiums                     1,212,092   (884,523)        
P3 Health Partners Inc. | As Restated | Capitated Revenue                                  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     153,072,995 141,560,866 148,964,190 125,182,626 114,515,423 112,950,351     290,525,057 227,465,774 443,598,050 352,648,401   480,739,577 139,332,707
Interest Expense, net                     290,525,057            
P3 Health Partners Inc. | As Restated | Other Patient Service Revenue                                  
Condensed Consolidated Statement of Operations                                  
Total Operating Revenue     3,112,960 3,025,577 2,333,750 $ 3,360,865 $ 2,197,029 $ 1,857,645     5,359,329 $ 4,054,674 8,472,288 $ 7,415,539   10,323,948 6,149,405
P3 Health Partners Inc. | As Restated | Class A Units Subject to Possible Redemption                                  
Condensed Consolidated Balance Sheet                                  
Units Subject to Possible Redemption (Predecessor)     43,656,270 43,656,270 43,656,270       43,656,270   43,656,270   43,656,270     43,656,270 43,656,270
P3 Health Partners Inc. | As Restated | Class D Units Subject To Possible Redemption                                  
Condensed Consolidated Balance Sheet                                  
Units Subject to Possible Redemption (Predecessor)     $ 47,041,554 $ 47,041,553 $ 47,041,554       $ 47,041,554   $ 47,041,553   $ 47,041,554     $ 47,041,554 $ 47,041,554
[1] The Company’s condensed consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 25: Variable Interest Entities, P3 LLC is itself a VIE. P3 LLC represents substantially all the assets and liabilities of the Company. As a result, the language and numbers below refer only to VIEs held at the P3 LLC level. The condensed consolidated balance sheets include total assets that can be used only to settle obligations of the P3 LLC’s VIEs totaling $9.2 million and $8.1 million as of June 30, 2022 and December 31, 2021, respectively, and total liabilities of the P# LLC’s consolidated VIEs for which creditors do not have recourse to the general credit of the Company totaled $7.8 million and $6.1 million as of June 30, 2022 and December 31, 2021, respectively. These VIE assets and liabilities do not include $6.0 million of investment in affiliates as of June 30, 2022 and December 31, 2021, and $28.6 million and $24.1 million of amounts due to affiliates as of June 30, 2022 and December 31, 2021, respectively, as these are eliminated in consolidation and not presented within the condensed consolidated balance sheets. See Note 25 “Variable Interest Entities.”
[2] The Company’s consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 28: Variable Interest Entities, P3 LLC is itself a VIE. P3 LLC represents substantially all the assets and liabilities of the Company. As a result, the language and numbers below refer only to VIEs held at the P3 LLC level. The consolidated balance sheets include total assets that can be used only to settle obligations of P3 LLC’s consolidated VIEs totaling $8.1 million and $0.8 million as of December 31, 2021 and December 31, 2020, respectively, and total liabilities of P3 LLC’s consolidated VIEs for which creditors do not have recourse to the general credit of the Company totaled $6.1 million and $1.7 million as of December 31, 2021 and December 31, 2020, respectively. These VIE assets and liabilities do not include $6.0 million of investment in affiliates and $24.1 million of amounts due to affiliates as of December 31, 2021 and $19.4 million of amounts due to affiliates as of December 31, 2020 as these are eliminated in consolidation and not presented within the consolidated balance sheets. See Note 28 “Variable Interest Entities.”