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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities:    
Net loss $ (37,371) $ (40,817)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Provision for credit loss 1 53
Depreciation and amortization 4,982 3,993
Amortization-investment discount (351) 0
Amortization-debt issuance costs 305 566
Amortization of payment-in-kind interest 0 1,070
Equity-based compensation 21,978 28,047
Non-cash lease expense 717 715
Changes in operating assets and liabilities:    
Accounts receivable (32,387) (26,050)
Prepaid expenses and other current assets (15,786) (5,079)
Other assets 4 (167)
Medical expenses payable 15,535 29,077
Accounts payable and accrued expenses (9,211) (1,619)
Deferred premium revenue 140,773 (37)
Accrued compensation (2,966) (364)
Lease liabilities (1,113) (1,026)
Net cash provided by (used in) operating activities 85,110 (11,638)
Investing Activities:    
Purchase of business, net of cash received 0 (1,113)
Purchase of investments (104,243) (850)
Sale of investments 1,100 750
Acquisition of property and equipment (7,285) (4,914)
Net cash used in investing activities (110,428) (6,127)
Financing Activities:    
Contributions from noncontrolling interest holders 30 0
Net cash provided by financing activities 30 0
Net decrease in cash (25,288) (17,765)
Cash, cash equivalents and restricted cash at beginning of period 411,299 468,350
Cash, cash equivalents and restricted cash at end of period 386,011 450,585
Supplemental disclosure of cash flow information:    
Cash paid for interest 4,277 2,758
Supplemental non-cash investing and financing activities:    
Acquisition of property in accounts payable 10 331
Purchase of business in accounts payable 0 240
Reconciliation of cash, cash equivalents and restricted cash as shown in the statement of cash flows:    
Cash and cash equivalents 384,261 448,835
Restricted cash in other assets 1,750 1,750
Total $ 386,011 $ 450,585