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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Capitated revenue (Related parties comprised $0 and $128,394, in the three months ended June 30, 2022 and 2021, respectively, and $0 and $308,204, in the six months ended June 30, 2022 and 2021, respectively) $ 655,493 $ 329,484 $ 1,329,844 $ 590,841
Fee-for-service and other revenue (Related parties comprised $0 and $219, in the three months ended June 30, 2022 and 2021, respectively, and $0 and $631, in the six months ended June 30, 2022 and 2021, respectively) 33,880 14,097 63,671 27,342
Total revenue 689,373 343,581 1,393,515 618,183
Operating expenses:        
Third-party medical costs (Related parties comprised $0 and $115,975, in the three months ended June 30, 2022 and 2021, respectively, and $0 and $249,819, in the six months ended June 30, 2022 and 2021, respectively) 541,317 291,816 1,077,097 486,862
Direct patient expense (Related parties comprised $3,064 and $58, in the three months ended June 30, 2022 and 2021, respectively, and $4,518 and $1,488, in the six months ended June 30, 2022 and 2021, respectively) 52,647 35,607 113,323 69,844
Selling, general, and administrative expenses (Related parties comprised $3,305 and $1,840, in the three months ended June 30, 2022 and 2021, respectively, and $5,452 and $3,763, in the six months ended June 30, 2022 and 2021, respectively) 106,179 47,159 202,849 82,168
Depreciation and amortization expense 19,836 7,945 38,872 13,791
Transaction costs and other (Related parties comprised $0, $1,465, in the three months ended June 30, 2022 and 2021, respectively, and $0 and $1,483, in the six months ended June 30, 2022 and 2021, respectively) 6,207 16,114 14,583 25,068
Change in fair value of contingent consideration (5,764) (496) (10,425) (211)
Total operating expenses 720,422 398,145 1,436,299 677,522
Income (loss) from operations (31,049) (54,564) (42,784) (59,339)
Other income and expense:        
Interest expense (13,134) (9,714) (26,418) (20,340)
Interest income 2 1 3 2
Loss on extinguishment of debt 0 (13,225) (1,428) (13,225)
Change in fair value of warrant liabilities 30,175 39,215 57,337 39,215
Other income (expenses) 251 (25) 530 (25)
Total other income 17,294 16,252 30,024 5,627
Net income (loss) before income tax expense (13,755) (38,312) (12,760) (53,712)
Income tax expense (benefit) 809 (2,023) 1,889 (1,309)
Net income (loss) (14,564) (36,289) (14,649) (52,403)
Net income (loss) attributable to non-controlling interests (9,231) (40,844) (9,976) (56,958)
Net income (loss) attributable to Class A common stockholders $ (5,333) $ 4,555 $ (4,673) $ 4,555
Net income (loss) per share attributable to Class A common stockholders, basic (in dollars per share) $ (0.03) $ 0.03 $ (0.02) $ 0.03
Net income (loss) per share attributable to Class A common stockholders, diluted (in dollars per share) $ (0.03) $ (0.06) $ (0.03) $ (0.06)
Weighted-average shares outstanding:        
Basic (in shares) 210,053,037 167,134,853 200,783,129 166,691,634
Diluted (in shares) 474,580,471 168,884,315 465,310,563 167,571,198