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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash $ 448,835 $ 466,600
Accounts receivable (less allowance for credit losses of $119 at March 31, 2022 and $111 at December 31, 2021, respectively) 84,527 58,512
Prepaid expenses and other current assets 32,829 27,747
Total current assets 566,191 552,859
Property and equipment, net 31,747 30,358
Right of use asset, net 7,354 7,853
Goodwill and intangible assets, net 36,345 35,116
Other assets 4,977 4,709
Total assets 646,614 630,895
Current Liabilities:    
Medical expenses payable 154,963 125,886
Accounts payable and accrued expenses 16,443 17,431
Accrued compensation 23,564 23,928
Total current liabilities 194,970 167,245
Long-term debt, net of debt issuance costs 152,256 150,620
Long-term portion of lease liabilities 6,103 6,975
Total liabilities 353,329 324,840
Commitments and Contingencies (Note 12)
Stockholders' Equity:    
Preferred stock, $.001 par value; 100,000,000 and 0 shares authorized as of March 31, 2022 and December 31, 2021 respectively; no shares issued and outstanding as of March 31, 2022 and December 31, 2021 0 0
Common stock, $.001 par value; 1,000,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 187,414,057 and 187,193,613 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 187 187
Additional Paid in Capital 916,594 888,547
Accumulated deficit (623,511) (582,694)
Total Alignment Healthcare, Inc. stockholders' equity 293,270 306,040
Noncontrolling interest 15 15
Total stockholders' equity 293,285 306,055
Total liabilities and stockholders' equity $ 646,614 $ 630,895