Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Error Corrections and Prior Period Adjustments

The Company evaluated the materiality of the errors from both a quantitative and qualitative perspective and concluded that the errors were immaterial to the Company's prior period annual consolidated financial statements,

but that recording adjustments to correct the errors in the current period would materially misstate the financial statements as of and for the year ended December 31, 2022. Since the revision was not material to any prior period annual consolidated financial statements, no amendments to the previously filed annual reports was required. Consequently, the Company revised the historical consolidated financial information presented herein. Below are amounts as reported and as adjusted for each of the years (in thousands).


	December 31, 2020						December 31, 2021
	As Reported		Adjustments		As Adjusted		As Reported		Adjustments		As Adjusted
Deferred Tax Assets	$	27,960	$	(1,859)	$	26,101	$	23,915	$	(1,517)	$	22,398
Total Assets	366,667		(1,859)		364,808		355,276		(1,517)		353,759
Accrued liabilities	34,164		285		34,449		19,303		285		19,588

Additional Paid in Capital	55,507		—		55,507		54,950		(1,032)		53,918
Retained Earnings	11,721		(1,977)		9,744		776		(603)		173
Total stockholders' equity	64,854		(1,977)		62,877		53,352		(1,635)		51,717
Non controlling interest in Spark HoldCo	23,607		(167)		23,440		(3,001)		(167)		(3,168)
Total Equity	88,461		(2,144)		86,317		50,351		(1,802)		48,549
Total Liabilities, Series A Preferred Stock and stockholders' equity	366,667		(1,859)		364,808		355,276		(1,517)		353,759

Income tax expense	15,736		2,144		17,880		3,804		1,462		5,266
Net income (loss)	68,218		(2,144)		66,074		(3,951)		(1,462)		(5,413)
Net income (loss) attributable to non controlling interest	38,928		(167)		38,761		(9,146)		—		(9,146)
Net Income Available to Via Renewables, Inc. stockholders	29,290		(1,977)		27,313		5,195		(1,462)		3,733
Net (loss) income attributable to stockholders of Class A common stock	21,849		(1,977)		19,872		(2,609)		(1,462)		(4,071)
Comprehensive income (loss)	68,218		(2,144)		66,074		(3,951)		(1,462)		(5,413)
Comprehensive income (loss) attributable to non controlling interests	38,928		(167)		38,761		(9,146)		—		(9,146)
Comprehensive Income attributable to Via Renewables, Inc. stockholders	29,290		(1,977)		27,313		5,195		(1,462)		3,733

Net income (loss) attributable to Via Renewables, Inc. per share of Class A common stock
Basic	7.50		(0.67)		6.83		(0.85)		(0.50)		(1.35)
Diluted	7.40		(0.65)		6.75		(0.85)		(0.50)		(1.35)

Cash flows from operating activities:
Net income (loss)	68,218		(2,144)		66,074		(3,951)		(1,462)		(5,413)
Deferred income taxes	1,905		1,859		3,764		4,045		1,462		5,507
Accounts payable and accrued liabilities	(37,297)		285		(37,012)		(10,213)		—		(10,213)
Net cash provided by operating activities	91,831		—		91,831		12,702		—		12,702