XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 161,356 $ 538,546
Investments 297,326  
Accounts receivable ($91 and $2,597, from related parties and net of allowances of $1,838 and $1,884, respectively) 48,399 58,372
Inventories 8,532 8,737
Deferred contract acquisition costs 1,534 1,394
Prepaid expenses and other current assets 18,294 19,567
Total current assets 535,441 626,616
Restricted cash 795 795
Property and equipment, net 586 1,012
Goodwill 79,421 435,279
Intangible assets, net 134,953 134,980
Operating lease right-of-use asset 11,770 13,509
Deferred contract acquisition costs, net of current portion 4,520 3,394
Other assets 2,197 1,972
Investment in minority owned joint venture (Note 2) 2,493  
Total assets 772,176 1,217,557
Current liabilities:    
Accounts payable 4,521 7,236
Accrued expenses and other current liabilities 42,581 54,258
Operating lease liability, current 2,932 3,057
Deferred revenue ($706 and $1,665 from related parties, respectively) 60,214 49,505
Total current liabilities 110,248 114,056
Other long-term liabilities 1,645 1,574
Operating lease liability, net of current portion 9,995 11,787
Deferred revenue, net of current portion ($4 and $10 from related parties, respectively) 6,600 6,289
Total liabilities 128,488 133,706
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding as of June 30, 2023 and as of December 31, 2022
Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 251,076,995 and 244,193,727 shares issued and outstanding, respectively; 100,000,000 Class B shares authorized, 27,390,397 shares issued and outstanding; 200,000,000 Class C shares authorized 5,555,555 issued and outstanding as of June 30, 2023 and as of December 31, 2022 2,834 2,766
Additional paid-in capital 2,204,387 2,160,108
Accumulated other comprehensive income (8,869) (16,969)
Accumulated deficit (1,572,777) (1,082,028)
Total American Well Corporation stockholders’ equity 625,575 1,063,877
Non-controlling interest 18,113 19,974
Total stockholders’ equity 643,688 1,083,851
Total liabilities and stockholders’ equity $ 772,176 $ 1,217,557