General form of registration statement for all companies including face-amount certificate companies

Variable Interest Entities - Balance Sheet (Details)

v3.23.1
Variable Interest Entities - Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 02, 2021
Dec. 31, 2020
ASSETS          
Cash $ 7,183 $ 17,537 $ 140,478 $ 5,301  
Clinic fees and insurance receivables, net 318 822 1,090    
Prepaid expenses and other current assets 2,824 2,643 6,959    
Other receivables 4,640 6,678 727    
Property and equipment, net 8,947 8,839 8,048    
Other long-term assets 18,944 15,990 10,611    
TOTAL ASSETS 867,422 876,571 [1] 2,364,109 [1]    
LIABILITIES AND MEMBERS' DEFICIT          
Accounts payable 15,798 11,542 5,469    
Accrued expenses and other current liabilities 21,330 16,647      
Accrued payroll 7,401 8,224      
Claims payable 164,897 151,207 101,958    
TOTAL LIABILITIES 396,384 [2] 353,912 [1],[2] 299,940 [1]    
MEMBERS' DEFICIT   5,854 273,552 $ (272,917) $ (130,218)
TOTAL LIABILITIES, MEZZANINE EQUITY & STOCKHOLDERS' (DEFICIT) EQUITY 867,422 876,571 2,364,109    
Variable Interest Entity, Primary Beneficiary          
ASSETS          
Cash   1,759 7,570    
Clinic fees and insurance receivables, net 639 323 61    
Prepaid expenses and other current assets 1,229 121 407    
Other receivables 13 855      
Property and equipment, net 43 44 36    
Other long-term assets 114        
Due from consolidated entities of P3 10,123 3,012 6,000    
TOTAL ASSETS 12,161 6,114 14,074    
LIABILITIES AND MEMBERS' DEFICIT          
Accounts payable 5,725 7,800 4,779    
Accrued expenses and other current liabilities 546 262      
Accrued payroll 2,381 1,885      
Claims payable 7,087        
Other long-term liabilities 1,023        
Due to consolidated entities of P3 41,540 36,025 24,111    
TOTAL LIABILITIES 58,302 45,972 30,219    
MEMBERS' DEFICIT (46,141) (39,858) (16,145)    
TOTAL LIABILITIES, MEZZANINE EQUITY & STOCKHOLDERS' (DEFICIT) EQUITY $ 12,161 $ 6,114 $ 14,074    
[1] The Company’s consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 23: 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 $3.1 million and $8.1 million as of December 31, 2022 and 2021, 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 $9.9 million and $6.1 million as of December 31, 2022 and 2021, respectively. These VIE assets and liabilities do not include $33.0 million of net amounts due to affiliates as of December 31, 2022 and $6.0 million of investment in affiliates and $24.1 million of amounts due to affiliates as of December 31, 2021 as these are eliminated in consolidation and not presented within the consolidated balance sheets.
[2] The Company’s condensed consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 13 “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 amounts 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 $2.0 million and $3.1 million as of March 31, 2023 and December 31, 2022, respectively, and total liabilities of the P3 LLC’s consolidated VIEs for which creditors do not have recourse to the general credit of the Company totaled $16.8 million and $9.9 million as of March 31, 2023 and December 31, 2022, respectively. These VIE assets and liabilities do not include $31.4 million and $33.0 million of net amounts due to affiliates as of March 31, 2023 and December 31, 2022, respectively, as these are eliminated in consolidation and not presented within the condensed consolidated balance sheets. See Note 13 “Variable Interest Entities.”