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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 404,507 $ 92,348
Short-term investments 279,066 4,098
Investment securities, available-for sale (Amortized cost: 2021: $1,001; 2020: $0) 1,001 0
Investment securities, held-to-maturity (Fair value: 2021: $0; 2020: $266) 0 265
Accrued retrospective premiums 54,179 34,829
Other receivables 19,211 11,368
Healthcare receivable 30,225 38,745
Other assets, current 21,260 8,129
Total current assets 809,449 189,782
Investment securities, available-for sale (Amortized cost: 2021: $35,281; 2020: $53,953) 34,798 53,963
Investment securities, held-to-maturity (Fair value: 2021: $703; 2020: $471) 695 429
Property and equipment, net 2,024 2,078
Operating lease right-of-use assets 7,102 7,882
Goodwill and other intangible assets 4,233 4,233
Other assets, non-current 8,641 8,885
Total assets 866,942 267,252
Current liabilities    
Unpaid claims 117,582 103,976
Accounts payable and accrued expenses 18,320 30,671
Accrued salaries and benefits 10,852 3,978
Operating lease liabilities 4,841 4,795
Current portion of notes and securities payable 21,425 20,803
Other liabilities, current 5 5
Total current liabilities 173,025 164,228
Notes and securities payable, net of discounts and deferred issuance costs 24,285 106,413
Derivative liabilities 0 44,810
Warrants payable 62,039 97,782
Long-term operating lease liabilities 5,391 6,349
Other liabilities, non-current 13,267 13,116
Total liabilities 278,007 432,698
Commitments and Contingencies (Note 18)  
Convertible Preferred stock (Series Seed A, A-1, B, C, and D), $0.0001 par value; 0 and 155,387,025 shares authorized as of March 31, 2021 and December 31, 2020, respectively; 0 and 139,444,346 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively; aggregate liquidation preference of $0 and $470,256 as of March 31, 2021 and December 31, 2020 (1) 0 447,747
Stockholders' deficit    
Additional paid-in capital 1,662,873 411,872
Accumulated other comprehensive (income) loss (483) 10
Accumulated deficit (1,077,399) (1,028,982)
Clover shareholders' equity (deficit) 585,032 (617,096)
Non-controlling interest 3,903 3,903
Total stockholders' equity (deficit) 588,935 (613,193)
Total liabilities, convertible preferred stock and stockholders' equity 866,942 267,252
Class A Common Stock    
Stockholders' deficit    
Common stock, value 15 0
Class B Common Stock    
Stockholders' deficit    
Common stock, value $ 26 $ 4