Annual report pursuant to Section 13 and 15(d)

Variable Interest Entities - Balance Sheet (Details)

v3.24.1
Variable Interest Entities - Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash $ 36,320 $ 17,537
Health plan receivable 118,497 72,092
Prepaid expenses and other current assets 3,613 2,643
Property and equipment, net 8,686 8,839
Other long-term assets 19,531 15,990
TOTAL ASSETS [1] 860,967 876,571
LIABILITIES AND MEMBERS’ DEFICIT    
Accounts payable 8,663 11,542
Accrued expenses and other current liabilities 36,884 16,647
Accrued payroll 3,506 8,224
Claims payable 178,009 151,207
TOTAL LIABILITIES [1] 427,305 353,912
TOTAL LIABILITIES, MEZZANINE EQUITY, and STOCKHOLDERS’ EQUITY $ 860,967 $ 876,571
Accounts Payable, Noncurrent, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
VIE    
ASSETS    
Cash $ 6,491 $ 1,759
Clinic fees, insurance and other receivable 138 1,178
Health plan receivable 571 0
Prepaid expenses and other current assets 1,261 121
Property and equipment, net 23 44
Other long-term assets 153 0
Due from consolidated entities of P3 0 3,012
TOTAL ASSETS 8,637 6,114
LIABILITIES AND MEMBERS’ DEFICIT    
Accounts payable 5,073 7,800
Accrued expenses and other current liabilities 515 262
Accrued payroll 3,141 1,885
Claims payable 3,973 0
Other long-term liabilities 946 0
Due to consolidated entities of P3 44,200 36,025
TOTAL LIABILITIES 57,848 45,972
MEMBERS’ DEFICIT (49,211) (39,858)
TOTAL LIABILITIES, MEZZANINE EQUITY, and STOCKHOLDERS’ EQUITY $ 8,637 $ 6,114
[1] The Company’s consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 22: 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 $8.6 million and $3.1 million as of December 31, 2023 and 2022, 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 $13.6 million and $9.9 million as of December 31, 2023 and 2022, respectively. These VIE assets and liabilities do not include $44.2 million and $33.0 million of net amounts due to affiliates as of December 31, 2023 and 2022, respectively, as these are eliminated in consolidation and not presented within the consolidated balance sheets.