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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 30, 2021
Current Assets    
Cash and cash equivalents $ 184,429 $ 201,466
Restricted cash 17 2,234
Accounts receivable, net of allowance ($3,403 - June 30, 2022 and $4,350 - June 30, 2021) 35,907 32,582
Prepaid expenses 13,842 9,249
Income tax receivable 6,761 5,401
Total current assets 240,956 250,932
Noncurrent Assets    
Property and equipment, net 176,260 142,715
Investments 5,493 3,493
Deposits and other 2,812 3,877
Goodwill 124,217 124,217
Other intangible assets, net 5,858 6,518
Total noncurrent assets 314,640 280,820
Total assets 555,596 531,752
Current Liabilities    
Accounts payable and accrued expenses 50,562 32,361
Reported and estimated claims 38,454 33,234
Due to Medicaid and Medicare 9,130 7,101
Current portion of long-term debt 3,793 3,790
Current portion of capital lease obligations 3,368 2,079
Total current liabilities 105,307 78,565
Noncurrent Liabilities    
Deferred tax liability, net 17,761 15,700
Capital lease obligations 9,440 5,190
Other noncurrent liabilities 1,134 2,758
Long-term debt, net of debt issuance costs 68,210 71,574
Total liabilities 201,852 173,787
Commitments and Contingencies (See Note 10)
Redeemable Noncontrolling Interests (See Note 5) 15,278 16,986
Stockholders' Equity    
Common stock, $0.001 par value; 500,000,000 authorized as of June 30, 2022 and 2021; 135,532,811 and 135,516,513 issued shares as of June 30, 2022 and June 30, 2021, respectively 136 136
Additional paid-in capital 327,499 323,760
Retained earnings 4,729 10,663
Total InnovAge Holding Corp. 332,364 334,559
Noncontrolling interests 6,102 6,420
Total stockholders' equity 338,466 340,979
Total liabilities and stockholders' equity $ 555,596 $ 531,752