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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 494,618 $ 207,311 [1]
Accounts receivable (less allowance for credit losses of [$46] at June 30, 2021 and $0 at December 31, 2020, respectively) 66,472 40,140 [1]
Prepaid expenses and other current assets 31,801 17,225 [1]
Total current assets 592,891 264,676 [1]
Property and equipment, net 29,532 27,145 [1]
Right of use asset, net 8,876 9,888 [1]
Goodwill and intangible assets, net 35,310 34,645 [1]
Other assets 3,447 2,148 [1]
Total assets 670,056 338,502 [1]
Current Liabilities:    
Medical expenses payable 136,478 112,605 [1]
Accounts payable and accrued expenses 14,615 15,675 [1]
Accrued compensation 22,643 25,172 [1]
Total current liabilities 173,736 153,452 [1]
Long-term debt, net of debt issuance costs 147,333 144,168 [1]
Long-term portion of lease liabilities 8,607 10,271 [1]
Total liabilities 329,676 307,891 [1]
Commitments and Contingencies (Note 12)
Stockholders' Equity:    
Preferred stock, $.001 par value; 100,000,000 and 0 shares authorized as of June 30, 2021 and December 31, 2020 respectively; no shares issued and outstanding as of June 30, 2021 and December 31, 2020
Common stock, $.001 par value; 1,000,000,000 and 164,063,787 shares authorized as of June 30, 2021 and December 31, 2020 respectively; 187,273,782 and 164,063,787 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 188 164 [1]
Additional Paid in Capital 821,384 410,018 [1]
Accumulated deficit (481,207) (379,571) [1]
Total Alignment Healthcare, Inc. stockholders' equity 340,365 30,611 [1]
Noncontrolling interest 15 0 [1]
Total stockholders' equity 340,380 30,611 [1],[2]
Total liabilities and stockholders' equity $ 670,056 $ 338,502
[1] The condensed consolidated balance sheet as of December 31, 2020 was derived from the audited consolidated financial statements as of that date and was retroactively adjusted, including shares and per share amounts, as a result of the Reorganization. See Note 1 to the condensed consolidated financial statements for additional details.
[2] The consolidated balances as of December 31, 2020 and 2019 were derived from the audited consolidated financial statements as of that date and were retroactively adjusted, including shares and per share amounts, as a result of the Reorganization. See Note 1 to the condensed consolidated financial statements for additional details.