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, 2023

CONDENSED BALANCE SHEETS

(In thousands, except per share data)


	December 31,
	2023		2022
ASSETS
Current assets	$	—	$	—
Noncurrent assets:
Investment in subsidiaries	2,254,112		2,124,261
Total noncurrent assets	2,254,112		2,124,261
Total assets	$	2,254,112	$	2,124,261
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	—	$	—
Noncurrent liabilities	—		—
Total liabilities	—		—
Stockholders’ equity:
Common stock, $0.01 par value per share, 500,000 shares authorized, 196,671 and 194,271 shares issued and outstanding, respectively	1,967		1,943
Additional paid-in capital	2,835,883		2,784,416
Accumulated deficit	(583,738)		(662,098)
Total stockholders’ equity	2,254,112		2,124,261
Total liabilities and stockholders’ equity	$	2,254,112	$	2,124,261

CONDENSED STATEMENTS OF OPERATIONS

(In thousands)


	Year Ended December 31,
	2023		2022		2021



Total Revenue	$	—	$	—	$	—
Operating expenses:
Center operations	2,660		2,842		12,934

General, administrative and marketing	44,776		33,535		316,836

Other operating expense	2,708		914		4,569
Total operating expenses	50,144		37,291		334,339
Loss from operations	(50,144)		(37,291)		(334,339)
Other expense:
Interest expense, net of interest income	—		—		(40,993)

Total other expense	—		—		(40,993)
Loss before income taxes	(50,144)		(37,291)		(375,332)
Benefit from income taxes	(12,335)		(9,136)		(81,579)
Net loss before equity in net loss of subsidiaries	(37,809)		(28,155)		(293,753)
Net income (loss) attributable to subsidiaries of Life Time Group Holdings, Inc.	113,872		26,362		(285,616)
Net income (loss) attributable to Life Time Group Holdings, Inc.	$	76,063	$	(1,793)	$	(579,369)