XML 47 R39.htm IDEA: XBRL DOCUMENT

Variable Interest Entities (VIEs) (Tables)

6 Months Ended

Jun. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Assets and Liabilities, Variable Interest Entities

The following table includes assets that can only be used to settle the liabilities of the Company’s VIEs, and to which the creditors of Astrana have no recourse, and liabilities to which the creditors of the Company’s VIEs have no recourse to the general credit of Astrana, as the primary beneficiary of the VIEs. These assets and liabilities, with the exception of investments in affiliates and amounts due to, or from, affiliates, which are eliminated upon consolidation, are included in the accompanying condensed consolidated balance sheets (in thousands).


	June 30, 2025		December 31, 2024
Assets
Current assets
Cash and cash equivalents	$	157,097	$	158,922
Investments in marketable securities		2,306		2,259
Receivables, net (including amounts with related parties)		135,481		132,228
Other receivables		1,717		15,303
Prepaid expenses and other current assets		7,041		10,161
Amount due from affiliates(1)		35,141		—
Total current assets		338,783		318,873


	June 30, 2025		December 31, 2024
Non-current assets
Property and equipment, net		5,848		5,875
Intangible assets, net		78,952		87,840
Goodwill		241,831		243,283
Income taxes receivable, non-current		15,943		15,943
Investments in other entities – equity method		15,114		15,442
Investment in a privately held entity		405		405
Investment in affiliates(1)		152,584		224,894
Operating lease right-of-use assets		26,197		21,585
Other assets		3,052		3,059
Total non-current assets		539,926		618,326

Total assets	$	878,709	$	937,199

Current liabilities
Accounts payable and accrued expenses	$	34,374	$	43,800
Fiduciary accounts payable		4,734		8,223
Medical liabilities		116,878		105,486
Income tax payable		19,411		11,041
Operating lease liabilities		4,382		3,487
Other liabilities		12,290		2,509
Amount due to affiliates(1)		—		48,142

Total current liabilities		192,069		222,688

Non-current liabilities
Deferred tax liability		9,642		11,237
Operating lease liabilities, net of current portion		25,004		21,012
Other long-term liabilities		3,538		1,139

Total non-current liabilities		38,184		33,388

Total liabilities	$	230,253	$	256,076

(1)

Investment in affiliates includes APC’s investment in Astrana. While such shares of Astrana’s common stock are legally issued to APC and outstanding, they are treated as treasury shares for accounting purposes and excluded from shares of common stock outstanding in the condensed consolidated financial statements. Amounts due to, or from, affiliates are receivables or payables with Astrana’s subsidiaries. As a result, these balances are eliminated upon consolidation and are not reflected on Astrana’s condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024, respectively.

- 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.

+ References + Details