26 unchanged sentences
Because our board of directors may determine to pay or not pay dividends to our Class A common stockholders, our Class A common stockholders may not necessarily receive dividend distributions relating to excess distributions, even if Goosehead Financial, LLC makes such distributions to us.
+Added: Sales of Unregistered Securities
+Added: Subject to the terms of the amended and restated Goosehead Financial LLC Agreement, each LLC Unit is redeemable (along with the cancellation of the corresponding share of Class B common stock) for one share of Class A common stock
Stock Performance Graph
14 unchanged sentences
Not applicable.
−Removed: Selected financial data
−Removed: The following table sets forth our selected historical consolidated financial data for the periods ended and as of the dates indicated below.
−Removed: We have derived the selected historical consolidated financial data as of December 31, 2020 and 2019, and for each of the twelve months ended December 31, 2020, 2019 and 2018 from our audited consolidated financial statements included elsewhere in this report.
−Removed: We have derived the selected historical consolidated financial data as of December 31, 2018, 2017, and 2016 and for the twelve months ended December 31, 2017 and 2016, from our audited consolidated financial statements, which are not included in this report.
−Removed: The Company adopted ASC 842, Leases (‘ASC 842’) and ASC 606, Revenue from Contracts with Customers (‘ASC 606’) in 2020 and 2019, respectively.
−Removed: Financial information presented for years prior to the respective adoptions has not been adjusted in accordance with the provisions of those new standards.
−Removed: Our historical results are not necessarily indicative of the results expected for any future period.
−Removed: You should read the following financial data together with Part I, Item 1A, “Risk Factors,” Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” our audited consolidated financial statements and related notes appearing elsewhere in this report, and our audited consolidated financial statements and related notes included in our annual reports on Form 10-K for the years ended December 31, 2019 and December 31, 2018 previously filed with the SEC.
−Removed: Years ended December 31,
−Removed: (ASC 606) 2019
−Removed: (ASC 606) 2018
−Removed: (ASC 605) 2017
−Removed: (ASC 605) 2016
−Removed: Selected statements of operations data (in thousands):
−Removed: Commissions and agency fees (1)
−Removed: 71,811 46,366 36,704 27,030 21,283
−Removed: Franchise revenues (1)
−Removed: 44,390 30,503 23,022 15,438 10,101
−Removed: Employee compensation and benefits (1)
−Removed: 66,819 41,715 58,256 24,544 19,469
−Removed: General and administrative expenses 25,532 19,042 13,060 8,597 5,732
−Removed: Income (loss) from operations (1)
−Removed: 19,940 14,073 (13,930) 7,611 5,136
−Removed: Net income (loss) (1)
−Removed: 18,755 10,382 (18,667) 8,678 4,723
−Removed: Net income (loss) attributable to Goosehead Insurance, Inc.
−Removed: 9,287 3,567 (8,903) — —
−Removed: Per share data:
−Removed: Earnings per share - basic (1)(2)
−Removed: 0.55 0.24 (0.66) n/a n/a
−Removed: Earnings per share - diluted (1)(2)
−Removed: 0.51 0.22 (0.66) n/a n/a
−Removed: Selected balance sheets data (at period end, in thousands):
−Removed: Cash and restricted cash 26,236 15,260 19,011 4,948 3,778
−Removed: Total current assets (1)
−Removed: 50,645 26,733 22,839 7,719 6,098
−Removed: Total assets (1)
−Removed: 185,837 64,628 34,798 16,706 8,695
−Removed: Total current liabilities (1)
−Removed: 20,360 13,410 7,812 5,767 3,476
−Removed: Total debt 82,908 46,161 48,447 48,656 29,373
−Removed: Total liabilities (1)
−Removed: 224,241 95,635 60,001 57,839 32,935
−Removed: Total equity (1)
−Removed: (38,404) (31,007) (25,203) (41,133) (24,240)
−Removed: Selected cash flow data (in thousands):
−Removed: Net cash provided by operating activities 24,643 21,241 10,275 13,542 4,402
−Removed: Net cash used for investing activities (10,333) (4,078) (2,222) (6,135) (696)
−Removed: Net cash (used for) provided by financing activities (3,334) (20,914) 5,592 (6,237) (965)
−Removed: Selected operating data:
−Removed: Adjusted EBITDA (in thousands) (1)(3)
−Removed: 27,832 17,530 14,752 10,718 8,112
−Removed: Adjusted EBITDA margin (1)(3)
−Removed: 24 % 23 % 25 % 25 % 26 %
−Removed: Total Written Premium (in thousands) 1,074,076 739,009 509,012 342,330 240,994
−Removed: Corporate sales agents (at period end) 364 248 167 111 69
−Removed: Operating franchises (at period end) 891 614 457 292 190
−Removed: (1)The impact from the adoption of ASC 606 may affect the comparability to 2018.
−Removed: See Form 10-K for the year ended December 31, 2019 for additional information regarding the impact.
−Removed: (2) Adjusted EBITDA and Adjusted EBITDA margin are Non-GAAP Measures.
−Removed: See Item 7 "Management's discussion and analysis of financial condition and results of operation" for additional information and a reconciliation to the most directly comparable GAAP financial measure.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.