Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities - Balance Sheet (Details)

v3.23.3
Variable Interest Entities - Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash $ 52,562 $ 17,537
Clinic fees, insurance and other receivable 2,225 7,500
Prepaid expenses and other current assets 2,799 2,643
Property and equipment, net 9,360 8,839
Other long-term assets 19,993 15,990
TOTAL ASSETS [1] 896,892 876,571
LIABILITIES AND MEMBERS’ DEFICIT    
Accounts payable 11,630 11,542
Accrued expenses and other current liabilities 20,957 16,647
Accrued payroll 5,629 8,224
Claims payable 155,497 151,207
TOTAL LIABILITIES [1] 395,861 353,912
TOTAL LIABILITIES, MEZZANINE EQUITY & STOCKHOLDERS’ EQUITY $ 896,892 $ 876,571
Accounts Payable, Noncurrent, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash $ 9,313 $ 1,759
Clinic fees, insurance and other receivable 201 1,178
Prepaid expenses and other current assets 1,424 121
Property and equipment, net 16 44
Other long-term assets 98 0
Due from consolidated entities of P3 0 3,012
TOTAL ASSETS 11,052 6,114
LIABILITIES AND MEMBERS’ DEFICIT    
Accounts payable 5,103 7,800
Accrued expenses and other current liabilities 916 262
Accrued payroll 2,862 1,885
Claims payable 6,109 0
Other long-term liabilities 886 0
Due to consolidated entities of P3 46,049 36,025
TOTAL LIABILITIES 61,925 45,972
MEMBERS’ DEFICIT (50,873) (39,858)
TOTAL LIABILITIES, MEZZANINE EQUITY & STOCKHOLDERS’ EQUITY $ 11,052 $ 6,114
[1] 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 $11.1 million and $3.1 million as of September 30, 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 $15.9 million and $9.9 million as of September 30, 2023 and December 31, 2022, respectively. These VIE assets and liabilities do not include $45.9 million and $33.0 million of net amounts due to affiliates as of September 30, 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.”