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Equity (Tables)

12 Months Ended

Dec. 31, 2021

The Company and affiliates owned the following economic interests in Spark HoldCo at December 31, 2021 and December 31, 2020, respectively.


	The Company		Affiliated Owners



















December 31, 2021	44.12	%	55.88	%
December 31, 2020	41.53	%	58.47	%

Schedule of Net Income and Income Tax Expense (Benefit) Attributable to Non-Controlling Interest

The following table summarizes the portion of net income (loss) and income tax expense (benefit) attributable to non-controlling interest (in thousands):


	Year Ended December 31,
	2021		2020		2019

Net (loss) income allocated to non-controlling interest	$	(5,607)	$	44,277	$	7,604
Income tax expense allocated to non-controlling interest	3,539		5,349		1,841
Net (loss) income attributable to non-controlling interest	$	(9,146)	$	38,928	$	5,763

Schedule of Computation of Earnings (Loss) Per Share

The following table presents the computation of basic and diluted income (loss) per share for the years ended December 31, 2021, 2020, and 2019 (in thousands, except per share data):


	Year Ended December 31,
	2021		2020		2019
Net income attributable to Via Renewables, Inc. stockholders	$	5,195	$	29,290	$	8,450
Less: Dividend on Series A preferred stock	7,804		7,441		8,091
Net (loss) income attributable to stockholders of Class A common stock	$	(2,609)	$	21,849	$	359

Basic weighted average Class A common shares outstanding	15,128		14,555		14,286
Basic (loss) earnings per share attributable to stockholders	$	(0.17)	$	1.50	$	0.03

Net (loss) income attributable to stockholders of Class A common stock	$	(2,609)	$	21,849	$	359


Diluted net (loss) income attributable to stockholders of Class A common stock	$	(2,609)	$	21,849	$	359

Basic weighted average Class A common shares outstanding	15,128		14,555		14,286


Effect of dilutive restricted stock units	—		160		282
Diluted weighted average shares outstanding	15,128		14,715		14,568

Diluted (loss) earnings per share attributable to stockholders	$	(0.17)	$	1.48	$	0.02

Schedule of Carrying Amounts and Classification of Variable Interest Entities

The following table includes the carrying amounts and classification of the assets and liabilities of Spark HoldCo that are included in our consolidated balance sheet as of December 31, 2021 and 2020 (in thousands):


	December 31, 2021		December 31, 2020
Assets
Current assets:
Cash and cash equivalents	$	68,703	$	71,442
Accounts receivable	66,676		70,350
Other current assets	56,392		55,575
Total current assets	191,771		197,367
Non-current assets:
Goodwill	120,343		120,343
Other assets	16,758		15,259
Total non-current assets	137,101		135,602
Total Assets	$	328,872	$	332,969

Liabilities
Current liabilities:
Accounts Payable and Accrued Liabilities	$	62,538	$	61,436


Other current liabilities	49,328		43,676
Total current liabilities	111,866		105,112
Long-term liabilities:
Long-term portion of Senior Credit Facility	135,000		100,000



Other long-term liabilities	145		256
Total long-term liabilities	135,145		100,256
Total Liabilities	$	247,011	$	205,368

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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