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Equity Method Investment in Change Healthcare LLC (Tables)
12 Months Ended
Mar. 31, 2021
Equity Method Investment in Change Healthcare LLC [Abstract]  
Summarized Financial Information of the Joint Venture



 

 

 

 

 

 



 

Period of

 

 

 



 

April 1, 2019 to

 

Year Ended

Statement of Operations Data:

 

March 10, 2020

 

March 31, 2019

Total revenue

 

$

3,092,875 

 

$

3,281,729 

Cost of operations (exclusive of depreciation and amortization)

 

$

1,263,244 

 

$

1,354,655 

Customer postage

 

$

215,448 

 

$

238,618 

Net income (loss)

 

$

123,771 

 

$

176,670 



 

 

 

 

 

 

Balance Sheet Data:

 

 

 

 

March 10, 2020

Current assets

 

 

 

 

$

1,339,908 

Long-term assets

 

 

 

 

$

5,187,220 

Current liabilities

 

 

 

 

$

1,112,875 

Long-term liabilities

 

 

 

 

$

5,185,304 



Reconciliation of Other Investments



 

Year Ended



 

March 31, 2020

Balance at beginning of period

 

$

 —

Acquisition of forward purchase contracts

 

 

232,928 

Acquisition of available-for-sale debt securities

 

 

45,946 

Receipt of payments on debt securities

 

 

(7,332)

Change in fair value of forward purchase contracts

 

 

14,836 

Change in fair value of debt securities

 

 

1,489 

TEU conversions of forward purchase contracts

 

 

(31,000)

Settlement of investment in forward purchase contracts (1)

 

 

(216,764)

Elimination of investment in debt securities (2)

 

 

(40,103)

Balance at end of period

 

$

 —



(1)

Amount is included as part of the Merger purchase price. See Note 4,  Business Combinations for additional information.

(2)

Amount is eliminated as part of consolidation.