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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 384,261 $ 409,549
Accounts receivable (less allowance for credit losses of $1 at March 31, 2023 and $0 at December 31, 2022, respectively) 125,276 92,890
Short-term investments 103,483 0
Prepaid expenses and other current assets 57,894 42,107
Total current assets 670,914 544,546
Property and equipment, net 39,613 37,169
Right of use asset, net 5,077 5,825
Goodwill and intangible assets, net 40,191 40,288
Other assets 5,956 6,035
Total assets 761,751 633,863
Current Liabilities:    
Medical expenses payable 185,670 170,135
Accounts payable and accrued expenses 22,865 31,980
Deferred premium revenue 141,081 308
Accrued compensation 24,571 27,538
Total current liabilities 374,187 229,961
Long-term debt, net of debt issuance costs 161,121 160,902
Long-term portion of lease liabilities 2,503 3,698
Total liabilities 537,811 394,561
Commitments and Contingencies (Note 12)
Stockholders' Equity:    
Preferred stock, $.001 par value; 100,000,000 and 100,000,000 shares authorized as of March 31, 2023 and December 31, 2022, respectively; no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $.001 par value; 1,000,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 188,362,035 and 187,280,015 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 188 187
Additional paid-in capital 992,158 970,180
Accumulated deficit (769,525) (732,241)
Total Alignment Healthcare, Inc. stockholders' equity 222,821 238,126
Noncontrolling interest 1,119 1,176
Total stockholders' equity 223,940 239,302
Total liabilities and stockholders' equity $ 761,751 $ 633,863