Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation (Tables)

3 Months Ended

Mar. 31, 2025

Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation

Schedule of liability for estimated costs in excess of estimated receipts during liquidation

The liability for estimated costs in excess of estimated receipts during liquidation is comprised of (in thousands):


	March 31, 2025		December 31, 2024
Total estimated receipts during remaining liquidation period	$	6,955	$	11,098
Estimated costs during remaining liquidation period:
Selling, general and administrative expenses - corporate		(31,578)		(34,522)
Selling, general and administrative expenses - corporate, related party		(5,374)		(6,269)
Total estimated costs during remaining liquidation period	$	(36,952)	$	(40,791)
Liability for estimated costs in excess of estimated receipts during liquidation	$	(29,997)	$	(29,693)

Schedule of change in liability for estimated costs in excess of estimated receipts during liquidation

The change in the liability for estimated costs in excess of estimated receipts during liquidation between December 31, 2024 and March 31, 2025, is as follows (in thousands):


					Changes in Estimated
			Net Change in		Future Cash Flows
	December 31, 2024		Working Capital ⁽³⁾		During Liquidation ⁽⁴⁾		March 31, 2025
Assets:
Estimated receipts from investments ⁽¹⁾	$	11,098	$	(5,500)	$	1,357	$	6,955
Liabilities:
Corporate expenditures ⁽²⁾	$	(40,791)		3,386		453	$	(36,952)
Liability for estimated costs in excess of estimated receipts during liquidation	$	(29,693)	$	(2,114)	$	1,810	$	(29,997)

Estimated receipts from investments consists of total estimated receipts during liquidation from estimated interest income accrued from investment securities.

Corporate expenditures primarily consists of (i) selling, general and administrative expenses, (ii) managerial assistant fees, and (iii) legal and consulting fees relating to our corporate activities.

Net change in working capital represents changes in assets and liabilities for the three months ended March 31, 2025, primarily as a result of actual cash receipts or payments.

Changes in estimated future cash flows during liquidation includes adjustments to previous estimates and changes in estimated holding periods of our assets.

GPB Automotive Portfolio, LP 10-Q