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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Total revenue $ 348,209 $ 269,697 $ 685,453 $ 532,954
Operating expenses        
Cost of services, excluding depreciation and amortization 292,876 230,070 582,273 450,798
General and administrative expenses 24,056 19,894 45,236 31,837
Depreciation and amortization 4,248 4,351 8,541 8,725
Total expenses 321,180 254,315 636,050 491,360
Income from operations 27,029 15,382 49,403 41,594
Other income (expense)        
Income from equity method investments 2,723 1,512 5,207 2,945
Interest expense (3,632) (1,854) (6,901) (2,927)
Interest income 3,327 421 6,335 467
Unrealized gain (loss) on investments 859 (1,866) (5,533) (10,829)
Other income 1,185 3,034 2,389 3,647
Total other income (expense), net 4,462 1,247 1,497 (6,697)
Income before provision for income taxes 31,491 16,629 50,900 34,897
Provision for income taxes 14,009 5,352 20,930 12,170
Net income 17,482 11,277 29,970 22,727
Net income (loss) attributable to non-controlling interest 4,312 (673) 3,668 (2,987)
Net income attributable to Apollo Medical Holdings, Inc. $ 13,170 $ 11,950 $ 26,302 $ 25,714
Earnings per share – basic (in dollars per share) $ 0.28 $ 0.27 $ 0.57 $ 0.57
Earnings per share – diluted (in dollars per share) $ 0.28 $ 0.26 $ 0.56 $ 0.56
Capitation, net        
Revenue        
Total revenue $ 300,549 $ 227,623 $ 600,753 $ 449,682
Risk pool settlements and incentives        
Revenue        
Total revenue 20,121 18,793 33,583 36,868
Management fee income        
Revenue        
Total revenue 12,493 9,984 22,389 20,457
Fee-for-service, net        
Revenue        
Total revenue 13,262 11,740 25,324 22,835
Other revenue        
Revenue        
Total revenue $ 1,784 $ 1,557 $ 3,404 $ 3,112