XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 382,506 $ 466,325
Short-term investments 12,112 13,206
Accounts receivable, net of allowance of $6,513 and $6,098, respectively 125,241 73,605
ACO REACH performance year receivable 882,884 99,181
Current assets of discontinued operations (Note 16) 2,225,739 2,783,474
Prepaids and other current assets 142,932 134,843
Total current assets 3,771,414 3,570,634
Other assets:    
Long-term investments 3,816 5,401
Property, equipment and capitalized software, net 40,747 42,596
Goodwill 760,078 760,078
Intangible assets, net 242,286 249,083
Other non-current assets 29,664 37,260
Total other assets 1,076,591 1,094,418
Total assets 4,848,005 4,665,052
Current liabilities:    
Medical costs payable 458,465 411,753
Accounts payable 33,638 67,854
Unearned revenue 139,416 242
ACO REACH performance year obligation 719,420 0
Short-term borrowings 303,947 303,947
Current liabilities of discontinued operations (Note 16) 2,225,739 2,783,474
Other current liabilities 131,256 121,424
Total current liabilities 4,011,881 3,688,694
Other liabilities 32,191 36,673
Total liabilities 4,044,072 3,725,367
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests 223,503 219,758
Redeemable Series A preferred stock, $0.0001 par value; 750,000 shares authorized in 2023 and 2022; 750,000 shares issued and outstanding in 2023 and 2022 920,417 920,417
Shareholders’ equity (deficit):    
Common stock, $0.0001 par value; 3,000,000,000 shares authorized in 2023 and 2022; 636,142,597 and 630,271,508 shares issued and outstanding in 2023 and 2022, respectively 63 63
Additional paid-in capital 3,005,592 2,972,271
Accumulated deficit (3,331,406) (3,156,395)
Accumulated other comprehensive loss (2,236) (4,429)
Treasury Stock, at cost, 2,522,148 shares at March 31, 2023, and December 31, 2022, respectively (12,000) (12,000)
Total shareholders’ equity (deficit) (339,987) (200,490)
Total liabilities, redeemable noncontrolling interests, redeemable preferred stock and shareholders’ equity (deficit) 4,848,005 4,665,052
Redeemable Series A preferred stock    
Current liabilities:    
Redeemable Series A preferred stock, $0.0001 par value; 750,000 shares authorized in 2023 and 2022; 750,000 shares issued and outstanding in 2023 and 2022 747,481 747,481
Redeemable Series B preferred stock    
Current liabilities:    
Redeemable Series A preferred stock, $0.0001 par value; 750,000 shares authorized in 2023 and 2022; 750,000 shares issued and outstanding in 2023 and 2022 $ 172,936 $ 172,936