Life Time Group Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Condensed Financial Information of Registrant (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2022

CONDENSED BALANCE SHEETS

(In thousands, except per share data)


	December 31,
	2022		2021
ASSETS
Current assets	$	—	$	—
Noncurrent assets:
Investment in subsidiaries	2,124,261		2,091,392
Total noncurrent assets	2,124,261		2,091,392
Total assets	$	2,124,261	$	2,091,392
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	—	$	—
Noncurrent liabilities	—		—
Total liabilities	—		—
Stockholders’ equity:
Common stock, $0.01 par value per share, 500,000 shares authorized, 194,271 and 193,060 shares issued and outstanding, respectively	1,943		1,931
Additional paid-in capital	2,784,416		2,743,560
Accumulated deficit	(662,098)		(654,099)
Total stockholders’ equity	2,124,261		2,091,392
Total liabilities and stockholders’ equity	$	2,124,261	$	2,091,392

CONDENSED STATEMENTS OF OPERATIONS

(In thousands)


	Year Ended December 31,
	2022		2021		2020



Total Revenue	$	—	$	—	$	—
Operating expenses:
Center operations	2,842		12,934		—

General, administrative and marketing	33,535		316,836		—

Other operating	914		4,569		—
Total operating expenses	37,291		334,339		—
Loss from operations	(37,291)		(334,339)		—
Other expense:
Interest expense, net of interest income	—		(40,993)		—

Total other expense	—		(40,993)		—
Loss before income taxes	(37,291)		(375,332)		—
Benefit from income taxes	(9,136)		(81,579)		—
Net loss before equity in net loss of subsidiaries	(28,155)		(293,753)		—
Net income (loss) attributable to subsidiaries of Life Time Group Holdings, Inc.	26,362		(285,616)		(360,192)
Net loss attributable to Life Time Group Holdings, Inc.	$	(1,793)	$	(579,369)	$	(360,192)