XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 538,546 $ 746,416
Accounts receivable ($2,606 and $2,054, from related parties and net of allowances of $1,884 and $1,809, respectively) 58,372 51,375
Inventories 8,737 7,530
Deferred contract acquisition costs 1,394 1,697
Prepaid expenses and other current assets 19,567 20,278
Total current assets 626,616 827,296
Restricted cash 795 795
Property and equipment, net 1,012 2,235
Goodwill 435,279 442,761
Intangibles assets, net 134,980 152,409
Operating lease right-of-use asset 13,509 16,422
Deferred contract acquisition costs, net of current portion 3,394 2,028
Other assets 1,972 1,722
Investment in minority owned joint venture (Note 2)   168
Total assets 1,217,557 1,445,836
Current liabilities:    
Accounts payable 7,236 12,156
Accrued expenses and other current liabilities 54,258 58,711
Operating lease liability, current 3,057 1,918
Deferred revenue ($1,665 and $1,860 from related parties, respectively) 49,505 68,841
Total current liabilities 114,056 141,626
Other long-term liabilities 1,574 5,136
Contingent consideration liabilities, net of current portion   16,450
Operating lease liability, net of current portion 11,787 14,694
Deferred revenue, net of current portion ($10 and $22 from related parties, respectively) 6,289 7,055
Total liabilities 133,706 184,961
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding as of December 31, 2022 and as of December 31, 2021
Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 244,193,727 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 December 31, 2022 and as of December 31, 2021 2,766 2,620
Additional paid-in capital 2,160,108 2,054,275
Accumulated other comprehensive income (loss) (16,969) (6,353)
Accumulated deficit (1,082,028) (811,284)
Total American Well Corporation stockholders’ equity 1,063,877 1,239,258
Non-controlling interest 19,974 21,617
Total stockholders’ equity 1,083,851 1,260,875
Total liabilities and stockholders’ equity $ 1,217,557 $ 1,445,836