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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.