XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 332,601 $ 746,416
Investments 249,008  
Accounts receivable ($164 and $2,054, from related parties and net of allowances of $1,568 and $1,809, respectively) 45,730 51,375
Inventories 7,969 7,530
Deferred contract acquisition costs 1,338 1,697
Prepaid expenses and other current assets 20,598 20,278
Total current assets 657,244 827,296
Restricted cash 795 795
Property and equipment, net 1,079 2,235
Goodwill 425,196 442,761
Intangible assets, net 127,291 152,409
Operating lease right-of-use asset 14,412 16,422
Deferred contract acquisition costs, net of current portion 3,064 2,028
Other assets 1,920 1,722
Investment in minority owned joint venture 773 168
Total assets 1,231,774 1,445,836
Current liabilities:    
Accounts payable 6,175 12,156
Accrued expenses and other current liabilities 45,181 58,711
Operating lease liability, current 3,623 1,918
Deferred revenue ($338 and $1,860 from related parties, respectively) 50,151 68,841
Total current liabilities 105,130 141,626
Other long-term liabilities 2,673 5,136
Contingent consideration liabilities, net of current portion   16,450
Operating lease liability, net of current portion 12,208 14,694
Deferred revenue, net of current portion ($13 and $22 from related parties, respectively) 6,914 7,055
Total liabilities 126,925 184,961
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding as of September 30, 2022 and as of December 31, 2021
Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 242,304,366 and 229,402,453 shares issued and outstanding, respectively; 100,000,000 Class B shares authorized, 27,390,397 and 26,913,579 shares issued and outstanding, respectively; 200,000,000 Class C shares authorized 5,555,555 issued and outstanding as of September 30, 2022 and as of December 31, 2021 2,753 2,620
Additional paid-in capital 2,133,614 2,054,275
Accumulated other comprehensive loss (31,056) (6,353)
Accumulated deficit (1,020,865) (811,284)
Total American Well Corporation stockholders’ equity 1,084,446 1,239,258
Non-controlling interest 20,403 21,617
Total stockholders’ equity 1,104,849 1,260,875
Total liabilities and stockholders’ equity $ 1,231,774 $ 1,445,836