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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 48,616 $ 142,128
Accounts receivable (net of allowance for doubtful accounts of $53,533 and $69,693 at December 31, 2021 and December 31, 2020, respectively) 82,455 90,707
Prepaid Expense, Current 9,303 3,859
Other current assets 3,204 2,168
Total current assets 143,578 238,862
Property and equipment, net 139,730 137,174
Operating lease right-of-use assets 256,646 258,227
Goodwill, net 608,811 1,330,085
Trade name and other intangible assets, net 411,696 644,339
Other non-current assets 2,233 1,685
Total assets 1,562,694 2,610,372
Current liabilities:    
Accounts payable 15,146 12,148
Accrued expenses and other liabilities 64,584 70,690
Current portion of operating lease liabilities 49,433 52,395
Current portion of long-term debt 8,167 8,167
Total current liabilities 137,330 143,400
Long-term debt, net 543,799 991,418
Redeemable preferred stock 0 163,329
Warrant liability 4,341 0
Contingent common shares liability 45,360 0
Deferred income tax liabilities 67,459 138,547
Operating lease liabilities 250,597 253,990
Other non-current liabilities 2,301 18,571
Total liabilities 1,051,187 1,709,255
Commitments and contingencies (Note 18)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 1.0 million shares authorized; none issued and outstanding at December 31, 2021 and December 31, 2020 0 0
Class A common stock, $0.0001 par value; 470.0 million shares authorized; 207.4 million shares issued, 197.4 million shares outstanding at December 31, 2021; 138.9 million shares issued, 128.3 million shares outstanding at December 31, 2020 20 13
Treasury stock, at cost, 0.03 million shares and none at December 31, 2021 and 2020, respectively (95) 0
Additional paid-in capital 1,351,597 954,728
Accumulated other comprehensive income (loss) 28 (1,907)
Accumulated deficit (847,132) (68,804)
Total ATI Physical Therapy, Inc. equity 504,418 884,030
Non-controlling interests 7,089 17,087
Total stockholders' equity 511,507 901,117
Total liabilities and stockholders' equity $ 1,562,694 $ 2,610,372