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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Total revenue $ 156,060,224 $ 166,729,281 $ 381,866,961 $ 413,319,058
Operating expenses        
Cost of services 131,129,813 96,268,804 315,925,388 280,589,061
General and administrative expenses 7,949,814 9,040,336 30,031,329 31,481,810
Depreciation and amortization 4,920,429 4,843,037 13,792,581 14,819,627
Provision for doubtful accounts 0 0 (1,363,415) 0
Impairment of intangibles 1,994,000 0 1,994,000 0
Total expenses 145,994,056 110,152,177 360,379,883 326,890,498
Income from operations 10,066,168 56,577,104 21,487,078 86,428,560
Other income (expense)        
Income (loss) from equity method investments 2,053,730 (4,215,056) 1,161,791 (2,573,219)
Interest expense (827,905) (178,318) (1,349,933) (374,002)
Interest income 508,856 418,449 1,305,528 1,180,990
Other income 2,620,485 609,203 2,831,830 884,948
Total other income (expense), net 4,355,166 (3,365,722) 3,949,216 (881,283)
Income before provision for income taxes 14,421,334 53,211,382 25,436,294 85,547,277
Provision for income taxes 3,682,472 14,585,942 6,483,630 23,338,589
Net income 10,738,862 38,625,440 18,952,664 62,208,688
Net income attributable to noncontrolling interests 7,034,688 29,519,043 11,563,610 48,277,734
Net income attributable to Apollo Medical Holdings, Inc. $ 3,704,174 $ 9,106,397 $ 7,389,054 $ 13,930,954
Earnings per share – basic (in dollars per share) $ 0.11 $ 0.28 $ 0.21 $ 0.43
Earnings per share – diluted (in dollars per share) $ 0.10 $ 0.24 $ 0.20 $ 0.37
Weighted average shares of common stock outstanding – basic (in shares) 34,643,754 32,917,007 34,555,124 32,672,793
Weighted average shares of common stock outstanding – diluted (in shares) 37,792,266 38,387,700 37,816,698 38,010,838
Capitation, net        
Revenue        
Total revenue $ 130,807,706 $ 90,612,720 $ 305,548,176 $ 266,834,186
Risk pool settlements and incentives        
Revenue        
Total revenue 11,355,069 57,788,932 32,639,960 89,641,885
Management fee income        
Revenue        
Total revenue 8,517,586 12,851,178 27,866,805 37,297,358
Fee-for-service, net        
Revenue        
Total revenue 4,099,660 4,723,809 12,058,762 15,524,149
Other income        
Revenue        
Total revenue $ 1,280,203 $ 752,642 $ 3,753,258 $ 4,021,480