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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows (used in) from Operating Activities:    
Net loss $ (823,027) $ (126,660)
Adjustments to reconcile net loss to net cash (used in) from operating activities:    
Depreciation and amortization expense 81,213 64,215
Change in fair value of contingent consideration (2,800) (9,525)
Change in fair value of warrant liabilities (5,696) 8,383
Goodwill impairment loss 354,000 0
Intangible assets disposals 1,467 0
Loss on extinguishment of debt 0 1,428
Fixed asset abandonment 2,200 0
Amortization of debt issuance costs 3,872 2,743
Non-cash lease expense 2,010 8,367
Class A common shares issued for bonus award 0 2,194
Stock-based compensation, net 7,285 42,641
Paid in kind interest expense 13,564 0
Credit loss on other assets 62,000 0
Gain on Sale Transaction (386) 0
Changes in operating assets and liabilities:    
Accounts receivable, net 146,317 (75,913)
Other assets 1,216 10,885
Prepaid expenses and other current assets 1,979 (47,492)
Interest accrued due to sellers 0 100
Accounts payable and accrued expenses (Related parties comprised $(2,875) and $3,047 for the nine months ended September 30, 2023 and 2022, respectively) 46,309 30,955
Other liabilities 23,811 3,521
Net cash (used in) provided by operating activities (84,666) (84,158)
Cash Flows from (used in) Investing Activities:    
Purchase of property and equipment (Related parties comprised $983 and $0 for the nine months ended September 30, 2023 and 2022, respectively) (18,139) (39,061)
Acquisitions of subsidiaries including non-compete intangibles, net of cash acquired 0 (4,995)
Payments to sellers (6,557) (4,097)
Proceeds from Sale Transaction 33,542 0
Net cash provided (used in) by investing activities 8,846 (48,153)
Cash Flows from (used in) Financing Activities:    
Payments of long-term debt (4,834) (4,833)
Debt issuance costs (9,256) (88)
Proceeds from long-term debt 150,000 0
Proceeds from CS Revolving Line of Credit 165,000 25,000
Repayments of CS Revolving Line of Credit (209,000) (25,000)
Proceeds from insurance financing arrangements 2,690 2,529
Payments of principal on insurance financing arrangements (2,201) (2,070)
Other (2,577) (2,300)
Net cash provided (used in) by financing activities 89,822 (6,762)
Net increase (decrease) in cash, cash equivalents and restricted cash 14,002 (139,073)
Cash, cash equivalents and restricted cash at beginning of year 27,329 163,170
Cash, cash equivalents and restricted cash at end of period 41,331 24,097
Supplemental cash flow information:    
Interest paid 57,603 38,233
Income taxes paid 148 82
Non-cash investing and financing activities:    
Additional principal additions from long term 7,866 0
Debt discount addition (7,866) 0
Right-of-use assets obtained in exchange of lease liabilities 16,922 58,595
Issuance of Class A common stock for acquisitions 14,527 54,914
Contingent consideration liability in connection with acquisitions 0 1,500
Contingent consideration assets in connection with acquisitions 0 (5,600)
Due to sellers in connection with acquisitions 0 1,530
Changes to construction in process reflected through accounts payable (1,993) 5,665
Humana Affiliate Provider clinic leasehold improvements (294) 5,878
Employee Stock Purchase Plan issuance 1,924 11,377
Warrants issued $ 45,698 $ 0