Related Parties

9 Months Ended

Sep. 30, 2022

The entities described below are considered related parties and the balances and/or transactions with them are reported in our consolidated financial statements.

As discussed in Note 16, the Company had economic interests in several entities that are accounted for under the equity method of accounting. The Company has allocated its proportional share of the investees’ earnings and losses each reporting period. In addition, Evolent has entered into services agreements with certain of the entities to provide certain management, operational and support services to help the entities manage elements of their service offerings.

The Company also works with UPMC, one of its founding investors. The Company’s relationship with UPMC is a subcontractor relationship where UPMC has agreed to execute certain tasks (primarily TPA services) relating to certain customer commitments. This relationship is currently in wind-down.

The following table presents assets and liabilities attributable to our related parties (in thousands):


	September 30, 2022		December 31, 2021
Assets
Accounts receivable, net	$	10,752	$	2,719
Prepaid expenses and other current assets	—		15
Prepaid expenses and other noncurrent assets	884		4,877

Liabilities
Accounts payable	$	432	$	1,967
Accrued liabilities	954		1,120
Reserve for claims and performance-based arrangements	—		734

The following table presents revenues and expenses attributable to our related parties (in thousands):


	For the Three Months Ended September 30, 2022				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Revenue	$	36,321	$	9,775	$	111,195	$	35,718

Expenses
Cost of revenue (exclusive of depreciation and amortization expenses)	30,121		751		93,266		1,850
Selling, general and administrative expenses	443		74		745		186