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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 257,189 $ 746,416
Investments 372,880  
Accounts receivable ($82 and $2,054, from related parties and net of allowances of $1,452 and $1,809, respectively) 44,675 51,375
Inventories 7,921 7,530
Deferred contract acquisition costs 1,781 1,697
Prepaid expenses and other current assets 22,148 20,278
Total current assets 706,594 827,296
Restricted cash 795 795
Property and equipment, net 1,498 2,235
Goodwill 433,840 442,761
Intangible assets, net 136,434 152,409
Operating lease right-of-use asset 14,511 16,422
Deferred contract acquisition costs, net of current portion 2,202 2,028
Other assets 1,233 1,722
Investment in minority owned joint venture 1,366 168
Total assets 1,298,473 1,445,836
Current liabilities:    
Accounts payable 5,490 12,156
Accrued expenses and other current liabilities 43,649 58,711
Operating lease liability, current 3,174 1,918
Deferred revenue ($867 and $1,860 from related parties, respectively) 63,971 68,841
Total current liabilities 116,284 141,626
Other long-term liabilities 3,677 5,136
Contingent consideration liabilities, net of current portion   16,450
Operating lease liability, net of current portion 12,842 14,694
Deferred revenue, net of current portion ($16 and $22 from related parties, respectively) 4,777 7,055
Total liabilities 137,580 184,961
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding as of June 30, 2022 and as of December 31, 2021
Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 240,397,065 and 229,402,453 shares issued and outstanding, respectively; 100,000,000 Class B shares authorized, 27,390,397 and 26,913,579 shares issued and outstanding, respectively; 200,000,000 Class C shares authorized 5,555,555 issued and outstanding as of June 30, 2022 and as of December 31, 2021 2,734 2,620
Additional paid-in capital 2,108,576 2,054,275
Accumulated other comprehensive income (20,845) (6,353)
Accumulated deficit (950,466) (811,284)
Total American Well Corporation stockholders’ equity 1,139,999 1,239,258
Non-controlling interest 20,894 21,617
Total stockholders’ equity 1,160,893 1,260,875
Total liabilities and stockholders’ equity $ 1,298,473 $ 1,445,836