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Supplemental Cash Flow Information
6 Months Ended
Jun. 30, 2022
Supplemental Cash Flow Elements [Abstract]  
Supplemental Cash Flow Information

NOTE 13. Supplemental Cash Flow Information

The following table provides supplemental cash flow information (in thousands):

 

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

Supplemental cash flow information:

 

 

 

 

 

 

Interest paid

 

$

1,950

 

 

$

2,907

 

Income taxes paid

 

 

566

 

 

 

1,653

 

Supplemental disclosure of non-cash investing and financing activities:

 

 

 

 

 

 

Right-of-use asset obtained in exchange for new operating lease liability

 

 

7,288

 

 

 

861

 

Reclassification of contingently redeemable common stock in connection with IPO

 

 

 

 

 

309,500

 

Issuance of common stock under partner physician group equity agreements
   upon IPO

 

 

 

 

 

268,467

 

Offering costs accrued at end of period

 

 

 

 

 

558

 

Non-cash investment in unconsolidated subsidiaries

 

 

190

 

 

 

763

 

 

The following table summarizes cash, cash equivalents and restricted cash equivalents from continuing operations (in thousands):

 

 

 

June 30,
2022

 

 

December 31,
2021

 

Cash and cash equivalents

 

$

668,574

 

 

$

1,040,039

 

Restricted cash and equivalents(1)

 

 

15,085

 

 

 

14,781

 

Cash, cash equivalents and restricted cash equivalents

 

$

683,659

 

 

$

1,054,820

 

 

(1)
Restricted cash and equivalents primarily consist of amounts used as collateral to secure letters of credit that the Company is required to maintain pursuant to contracts with payors.