Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Cash Flows (Unaudited)

v3.22.1
Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 97,505 $ 40,720
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation and amortization 633 753
Amortization of financing costs and debt discount and premium 131 131
Share-based compensation 7,266 841
Equity in income of investments (997) (4,258)
Changes in unrealized gain on General Partner notes payable (171) (1,540)
Amortization of lease liabilities (100) (68)
Unrealized performance allocations (65,862) (14,719)
Unrealized accrued performance allocations compensation 9,238 1,429
Changes in operating assets and liabilities:    
Receivable from affiliates (19,873) 2,499
Prepaid and other assets 2,140 1,792
Accounts payable and accrued expenses 13,320 (3,814)
Accrued payroll and benefits 5,921 1,862
Other liabilities 323 (298)
Insurance loss and self-insurance reserves 1,475 (179)
Accrued performance allocations compensation (560) 1,153
Net cash provided by operating activities 50,389 26,304
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (17,273) (2,584)
Distributions from investments 1,147 0
Issuance of notes receivable (68,980) (60,001)
Proceeds from Collections on Notes Receivable 190,092 96,392
Purchase of tenant improvements, furniture and equipment (195) (133)
Deposits (13,748) 0
Cash paid for acquisition, net of cash acquired (15,089) 0
Net cash provided by investing activities 75,954 33,674
CASH FLOWS FROM FINANCING ACTIVITIES    
Capital contributions from non-controlling interests 170 429
Distributions to non-controlling interests (46,081) (27,986)
Repurchase of membership interests 0 (111)
Repayments of General Partner notes payable (103) (62)
Net cash used in financing activities (51,932) (27,730)
Net increase in cash, cash equivalents, and restricted cash 74,411 32,248
Cash, cash equivalents and restricted cash - beginning of period 83,872 107,354
Cash, cash equivalents and restricted cash - end of period 158,283 139,602
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 618 410
Cash paid for interest 3,041 3,019
Non-cash operating, investing, and financing activities    
Establishment of lease liabilities in exchange for lease right-of-use assets 15,824 0
Origination of short-term loan receivable for prepaid acquisitions 40,000 0
Deferred tax effect resulting from exchange of Class A units, net of amounts payable under TRA 5,166 0
Issuance of Class A Common Units for acquisition 14,930 0
Non-controlling interest assumed in business combination 20,053 0
Reconciliation of cash, cash equivalents and restricted cash    
Cash, Cash Equivalents, Restricted Cash 158,283 139,602
Restricted Cash [Member]    
Reconciliation of cash, cash equivalents and restricted cash    
Restricted cash 9,162 5,982
BRIDGE INVESTMENT GROUP HOLDINGS LLC [Member]    
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 149,121 133,620
Common Class A [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid on Class A common stock $ (5,918) $ 0