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Supplemental Cash Flow Information (Tables)
9 Months Ended
Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract]  
Summary of Supplemental Cash Flow Information

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

 

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

Supplemental cash flow information:

 

 

 

 

 

 

Interest paid

 

$

2,878

 

 

$

3,853

 

Income taxes paid

 

 

4,223

 

 

 

1,738

 

Supplemental disclosure of non-cash investing and financing activities:

 

 

 

 

 

 

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

 

 

7,288

 

 

 

3,908

 

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

 

 

 

 

 

295

 

Non-cash investment in unconsolidated subsidiaries

 

 

190

 

 

 

763

 

Summary of Cash, Cash Equivalents and Restricted Cash Equivalents from Continuing Operations

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

 

 

 

September 30,
2022

 

 

December 31,
2021

 

Cash and cash equivalents

 

$

551,287

 

 

$

1,040,039

 

Restricted cash and equivalents(1)

 

 

13,192

 

 

 

14,781

 

Cash, cash equivalents and restricted cash equivalents

 

$

564,479

 

 

$

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.