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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 432,859 $ 202,904
Accounts receivable (less allowance for credit losses of $0 at December 31, 2024 and 2023) 153,904 119,749
Investments - current 37,791 115,914
Prepaid expenses and other current assets 37,084 44,970
Total current assets 661,638 483,537
Property and equipment, net 67,139 51,901
Right of use asset, net 7,818 9,959
Goodwill 34,826 34,826
Intangible Assets, net 4,550 5,252
Other assets 6,092 6,405
Total assets 782,063 591,880
Current Liabilities:    
Medical expenses payable 289,788 205,399
Accounts payable and accrued expenses 22,126 23,511
Accrued compensation 39,931 34,112
Total current liabilities 351,845 263,022
Long-term debt, net of debt issuance costs 321,428 161,813
Long-term portion of lease liabilities 7,835 8,974
Total liabilities 681,108 433,809
Commitments and Contingencies (Note 14)
Stockholders' Equity:    
Preferred stock, $.001 par value; 100,000,000 shares authorized as of December 31, 2024 and 2023, respectively; no shares issued and outstanding as of December 31, 2024 and 2023 0 0
Common stock, $.001 par value; 1,000,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 191,778,639 and 188,951,643 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 192 189
Additional paid-in capital 1,107,952 1,037,015
Accumulated deficit (1,008,293) (880,258)
Total Alignment Healthcare, Inc. stockholders' equity 99,851 156,946
Noncontrolling interest 1,104 1,125
Total stockholders' equity 100,955 158,071
Total liabilities and stockholders' equity $ 782,063 $ 591,880