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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ (106,864) $ (406,787) $ (60,052)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 13,772 14,670 14,099
Stock-based compensation expense 28,381 292,394 6,688
Loss on debt extinguishment 0 1,590 0
Loss (income) from equity method investments (10,720) 6,766 (514)
Deferred income taxes and uncertain tax positions 532 (3,231) (2,809)
Release of indemnification assets 553 1,705 3,475
(Gain) loss on sale of assets, net 0 473 20,401
Distributions of earnings from equity method investments 0 174 0
Other non-cash items 2,973 58 (162)
Changes in operating assets and liabilities:      
Receivables, net (204,167) (149,041) (59,381)
Prepaid expense and other current assets (16,620) (3,916) (5,085)
Other assets (205) 3,931 (1,977)
Medical claims and related payables 107,713 76,339 42,383
Accounts payable and accrued expenses 65,736 19,360 24,922
Other liabilities (11,892) (1,698) 5,610
Net cash provided by (used in) operating activities (130,808) (148,159) (53,204)
Cash flows from investing activities:      
Purchase of property and equipment, net (15,426) (6,564) (1,775)
Purchase of intangible assets, net (17,235) (6,862) (575)
Investments in loans receivable and other (6,510) (82,831) (3,847)
Investments in marketable securities (458,265) 0 0
Proceeds from maturities and sales of marketable securities and other 52,548 7,095 2,058
Proceeds from sale of business and property, net of cash divested 500 (1,344) 26,205
Net cash provided by (used in) investing activities (444,388) (90,506) 22,066
Cash flows from financing activities:      
Proceeds from initial public offering 0 1,170,942 0
Proceeds from equity issuances, net 33,056 18,086 34,404
Repurchase of shares, net 0 0 (6,742)
Proceeds from the issuance of long-term debt 0 100,000 0
Repayments of long-term borrowings and other (5,000) (119,899) (3,041)
Equity and debt issuance costs and other 0 (14,739) 0
Net cash provided by (used in) financing activities 28,056 1,154,390 24,621
Net increase (decrease) in cash, cash equivalents and restricted cash and equivalents (547,140) 915,725 (6,517)
Cash, cash equivalents and restricted cash and equivalents from continuing operations, beginning of year 1,054,820 135,178 139,152
Cash, cash equivalents and restricted cash and equivalents from discontinued operations, beginning of year 0 3,917 6,460
Cash, cash equivalents and restricted cash and equivalents, beginning of year 1,054,820 139,095 145,612
Cash, cash equivalents and restricted cash and equivalents from continuing operations, end of year 507,680 1,054,820 135,178
Cash, cash equivalents and restricted cash and equivalents from discontinued operations, end of year 0 0 3,917
Cash, cash equivalents and restricted cash and equivalents, end of year $ 507,680 $ 1,054,820 $ 139,095