XML 21 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ (406,787) $ (60,052) $ (282,740)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 14,670 14,099 41,413
Stock-based compensation expense 292,394 6,688 5,225
Loss on debt extinguishment 1,590 0 0
Loss (income) from equity method investments 6,766 (514) 747
Deferred income taxes and uncertain tax positions (3,231) (2,809) (16,177)
Release of indemnification assets 1,705 3,475 19,219
Impairments 0 0 98,343
(Gain) loss on sale of assets, net (473) (20,401) 0
Distributions of earnings from equity method investments 174 0 0
Other non-cash items 58 (162) (3,068)
Changes in operating assets and liabilities:      
Receivables, net (149,041) (59,381) (23,280)
Prepaid expense and other current assets (3,916) (5,085) (565)
Other assets 3,931 (1,977) 2,425
Medical claims and related payables 76,339 42,383 19,810
Accounts payable and accrued expenses 19,360 24,922 18,451
Other liabilities (1,698) 5,610 16,336
Net cash provided by (used in) operating activities (148,159) (53,204) (103,861)
Cash flows from investing activities:      
Purchase of property and equipment, net (6,564) (1,775) (2,892)
Purchase of intangible assets, net (6,862) (575) (1,014)
Investments in loans receivable and other (82,831) (3,847) (1,154)
Proceeds from repayment of loans receivable and other 7,095 2,058 0
Proceeds from sale of business and property, net of cash divested (1,344) 26,205 0
Net cash provided by (used in) investing activities (90,506) 22,066 (5,060)
Cash flows from financing activities:      
Proceeds from initial public offering 1,170,942 0 0
Proceeds from equity issuances, net 0 33,590 180,193
Proceeds from exercise of stock options 18,086 814 0
Repurchase of shares, net 0 (6,742) 0
Proceeds from the issuance of long-term debt 100,000 0 0
Repayments of long-term borrowings and other (119,899) (3,041) (3,592)
Equity and debt issuance costs and other (14,739) 0 0
Distribution to noncontrolling interests 0 0 (303)
Net cash provided by (used in) financing activities 1,154,390 24,621 176,298
Net increase (decrease) in cash, cash equivalents and restricted cash and equivalents 915,725 (6,517) 67,377
Cash, cash equivalents and restricted cash and equivalents from continuing operations, beginning of year 135,178 139,152 76,414
Cash, cash equivalents and restricted cash and equivalents from discontinued operations, beginning of year 3,917 6,460 1,821
Cash, cash equivalents and restricted cash and equivalents, beginning of year 139,095 145,612 78,235
Cash, cash equivalents and restricted cash and equivalents from continuing operations, end of year 1,054,820 135,178 139,152
Cash, cash equivalents and restricted cash and equivalents from discontinued operations, end of year 0 3,917 6,460
Cash, cash equivalents and restricted cash and equivalents, end of year $ 1,054,820 $ 139,095 $ 145,612