XML 20 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 192,825 $ 188,200
Restricted cash and restricted investments 13,768 14,492
Accounts receivable, net [1] 446,749 254,684
Prepaid expenses and other current assets 30,331 20,678
Total current assets 683,673 478,054
Restricted cash and restricted investments 16,864 12,466
Investments in equity method investees 4,895 4,475
Property and equipment, net 78,194 87,874
Right-of-use assets - operating 11,983 49,027
Prepaid expenses and other noncurrent assets 4,028 2,378
Contract cost assets 12,120 17,461
Intangible assets, net 752,009 442,784
Goodwill 1,116,542 722,774
Total assets 2,680,308 1,817,293
Current liabilities:    
Accounts payable [1] 48,246 57,174
Accrued liabilities [1] 149,849 111,198
Operating lease liability - current 9,738 7,122
Accrued compensation and employee benefits 56,385 52,460
Deferred revenue 5,976 5,758
Reserve for claims and performance - based arrangements 404,048 199,730
Total current liabilities 674,242 433,442
Long-term debt, net 597,049 412,986
Other long-term liabilities 3,637 4,744
Tax receivables agreement liability 107,932 45,950
Operating lease liabilities - noncurrent 38,009 56,010
Deferred tax liabilities, net 13,311 4,744
Total liabilities 1,434,180 957,876
Commitments and Contingencies (See Note 11)
Mezzanine Equity    
Preferred class A common stock - $0.01 par value; 50,000,000 shares authorized; 175,000 and 0 shares issued, respectively 178,427 0
Shareholders' Equity    
Class A common stock - $0.01 par value; 750,000,000 shares authorized; 115,424,833 and 101,500,558 shares issued, respectively 1,154 1,015
Additional paid-in-capital 1,808,121 1,486,857
Accumulated other comprehensive loss (1,257) (1,178)
Retained earnings (accumulated deficit) (719,194) (606,154)
Treasury stock, at cost; 1,537,582 shares issued, respectively (21,123) (21,123)
Total shareholders' equity 1,067,701 859,417
Total liabilities, mezzanine equity and shareholders' equity $ 2,680,308 $ 1,817,293
[1] See Note 20 for amounts attributable to related parties included in these line items.