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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net loss $ (40,817) $ (56,874)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for credit loss 53 8
Depreciation and amortization 3,993 3,789
Amortization-debt issuance costs and investment discount 566 550
Payment-in-kind interest 1,070 1,015
Equity-based compensation and common stock payments 28,047 20,388
Non-cash lease expense 715 648
Changes in operating assets and liabilities:    
Accounts receivable (26,050) (9,326)
Prepaid expenses and other current assets (5,079) (9,547)
Other assets (167) (6)
Medical expenses payable 29,077 16,069
Accounts payable and accrued expenses (1,656) (298)
Accrued compensation (364) (3,691)
Lease liabilities (1,026) (832)
Net cash used in operating activities (11,638) (38,107)
Investing Activities:    
Purchase of business, net of cash received (1,113) 0
Purchase of investments (850) (750)
Sale of investments 750 750
Acquisition of property and equipment (4,914) (4,446)
Net cash used in investing activities (6,127) (4,446)
Financing Activities:    
Equity repurchase 0 (1,474)
Issuance of common stock 0 390,600
Common stock issuance costs 0 (25,467)
Net cash provided by financing activities 0 363,659
Net increase (decrease) in cash (17,765) 321,106
Cash and restricted cash at beginning of period 468,350 207,811
Cash and restricted cash at end of period 450,585 528,917
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,758 2,682
Supplemental non-cash investing and financing activities:    
Acquisition of property in accounts payable 331 474
Purchase of business in accounts payable 240 0
Common stock issuance costs included in accounts payable and accrued expenses 0 3,532
Reconciliation of cash, cash equivalents and restricted cash as shown in the statement of cash flows:    
Cash 448,835 528,417
Restricted cash in other assets 1,750 500
Total $ 450,585 $ 528,917