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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Jun. 30, 2020
Current Assets    
Cash and cash equivalents $ 201,466 $ 112,904
Restricted cash 2,234 1,661
Accounts receivable, net of allowance ($4,350 - June 30, 2021 and $6,384 - June 30, 2020) 32,582 46,312
Prepaid expenses 9,249 4,311
Income tax receivable 5,401 1,743
Total current assets 250,932 166,931
Noncurrent Assets    
Property and equipment, net 142,715 102,494
Investments 2,645 2,645
Deposits and other 3,877 3,003
Equity method investments 848 13,245
Goodwill 124,217 116,139
Other intangible assets, net 6,518 5,177
Total noncurrent assets 280,820 242,703
Total assets 531,752 409,634
Current Liabilities    
Accounts payable and accrued expenses 32,361 28,875
Reported and estimated claims 33,234 30,291
Due to Medicaid and Medicare 7,101 12,244
Current portion of long-term debt 3,790 1,938
Current portion of capital lease obligations 2,079 1,496
Contingent consideration   1,789
Total current liabilities 78,565 76,633
Noncurrent Liabilities    
Deferred tax liability, net 15,700 9,282
Capital lease obligations 5,190 4,091
Other noncurrent liabilities 2,758 1,446
Long-term debt, net of debt issuance costs 71,574 210,432
Total liabilities 173,787 301,884
Commitments and Contingencies (See Note 12)
Stockholders' Equity    
Common stock, $0.001 par value; 500,000,000 authorized as of June 30, 2021 and 2020; 135,516,513 and 132,718,461 issued shares as of June 30, 2021 and June 30, 2020, respectively 136 133
Additional paid-in capital 323,760 36,338
Retained earnings 11,250 64,737
Less: Treasury stock; 0 and 102,030 shares of common stock at $0.0 and $1.89 per share as of June 30, 2021 and June 30, 2020, respectively   (193)
Total InnovAge Holding Corp. 335,146 101,015
Noncontrolling interests 22,819 6,735
Total stockholders' equity 357,965 107,750
Total liabilities and stockholders' equity $ 531,752 $ 409,634