Focus Financial Partners Inc. FOCS Balance Sheet

Focus financial partners inc. (FOCS)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Dec'17
ASSETS
Cash and cash equivalents
233	65	51	37	83	33	98	51
Accounts receivable less allowances of $684 at 2019 and $904 at 2020
139	129	130	118	119	98	101	73
Prepaid expenses and other assets
60	58	79	70	83	76	70	37
Fixed assets-net
41	41	40	34	24	24	22	21
Operating lease assets
181	180	167	168	171	-	-	-
Debt financing costs-net
8	9	10	10	11	12	13	13
Deferred tax assets-net
72	75	77	77	75	70	70	-
Goodwill
1,111	1,090	1,073	988	945	860	693	515
Other intangible assets-net
998	1,003	1,014	913	881	762	672	522
TOTAL ASSETS
2,848	2,653	2,644	2,420	2,396	1,937	1,740	1,234
LIABILITIES AND EQUITY
LIABILITIES
Accounts payable
9	8	10	12	13	8	8	5
Accrued expenses
39	41	61	45	42	36	48	23
Due to affiliates
16	58	40	23	41	39	40	33
Deferred revenue
10	7	8	6	7	6	7	6
Other liabilities
170	215	204	178	169	158	148	99
Operating lease liabilities
199	196	183	180	181	-	-	-
Borrowings under credit facilities (stated value of $1,279,188 and $1,526,296 at December 31, 2019 and March 31, 2020, respectively)
1,525	1,272	1,275	1,112	1,084	836	798	980
Tax receivable agreements obligations
50	48	47	46	43	39	39	-
TOTAL LIABILITIES
2,021	1,849	1,831	1,604	1,583	1,125	1,092	1,148
TOTAL MEZZANINE EQUITY
-	-	-	-	-	-	-	864
COMMITMENTS AND CONTINGENCIES (Note 12)
-	-	-	-	-	-	0	-
EQUITY
MEMBERS' DEFICIT
-	-	-	-	-	-	-	-778
Retained earnings (deficit)
6	-13	-1	-2	-3	-0	-10	-
Accumulated other comprehensive loss
-8	-1	-3	-2	-1	-1	-0	-
Total shareholders' equity
519	484	497	485	455	469	380	-778
Non-controlling interest
307	319	315	330	357	342	268	-
Total equity
827	803	813	815	812	812	648	-778
TOTAL LIABILITIES AND EQUITY
2,848	2,653	2,644	2,420	2,396	1,937	1,740	1,234
Redeemable common and incentive units
TOTAL MEZZANINE EQUITY
-	-	-	-	-	-	-	166
Convertible preferred units
TOTAL MEZZANINE EQUITY
-	-	-	-	-	-	-	698
Class A common stock
Common stock
0	0	0	0	0	0	-	-
Class B common stock
Common stock
0	0	0	0	0	0	-	-
Additional paid-in capital
520	498	502	489	459	471	389	-