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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net loss $ (92,644) $ (147,452)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for credit loss 150 74
Loss on sublease 510 0
Depreciation and amortization 12,735 11,884
Amortization-debt issuance costs and investment discount 1,608 1,681
Amortization of payment-in-kind interest 2,943 3,118
Equity-based compensation and common stock payments 58,833 81,786
Non-cash lease expense 2,151 2,001
Loss on extinguishment of debt 2,196 0
Changes in operating assets and liabilities:    
Accounts receivable (29,840) (6,731)
Prepaid expenses and other current assets (8,742) (11,829)
Other assets (137) 8
Medical expenses payable 45,509 15,402
Accounts payable and accrued expenses 2,030 (539)
Deferred premium revenue 116,298 96
Accrued compensation 7,484 4,638
Lease liabilities (3,126) (2,779)
Payment-in-kind interest (14,122) 0
Net cash provided by (used in) operating activities 103,836 (48,642)
Investing Activities:    
Purchase of business, net of cash received (2,393) 0
Asset acquisition, net of cash received 0 (1,405)
Purchase of investments (2,825) (2,475)
Sale of investments 2,425 1,425
Acquisition of property and equipment (17,317) (15,409)
Net cash used in investing activities (20,110) (17,864)
Financing Activities:    
Repurchase of noncontrolling interest (100) 15
Equity repurchase 0 (1,474)
Issuance of long-term debt 165,000 0
Debt issuance costs (4,601) 0
Repayment of long-term debt (143,179) 0
Issuance of common stock 0 390,600
Common stock issuance costs 0 (29,011)
Net cash provided by financing activities 17,120 360,130
Net increase in cash 100,846 293,624
Cash and restricted cash at beginning of period 468,350 207,811
Cash and restricted cash at end of period 569,196 501,435
Supplemental disclosure of cash flow information:    
Cash paid for interest 22,447 8,193
Supplemental non-cash investing and financing activities:    
Acquisition of property in accounts payable 290 438
Purchase of business in accounts payable 375 0
Reconciliation of cash, cash equivalents and restricted cash as shown in the statement of cash flows:    
Cash 567,446 500,485
Restricted cash in other assets 1,750 950
Total $ 569,196 $ 501,435