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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 372,038 $ 538,546
Accounts receivable ($1,626 and $2,597, from related parties and net of allowances of $2,291 and $1,884, respectively) 54,146 58,372
Inventories 6,652 8,737
Deferred contract acquisition costs 2,262 1,394
Prepaid expenses and other current assets 14,484 19,567
Total current assets 449,582 626,616
Restricted cash 795 795
Property and equipment, net 572 1,012
Goodwill 0 435,279
Intangibles assets, net 120,248 134,980
Operating lease right-of-use asset 10,453 13,509
Deferred contract acquisition costs, net of current portion 4,792 3,394
Other assets 2,083 1,972
Investment in minority owned joint venture (Note 2) 1,180  
Total assets 589,705 1,217,557
Current liabilities:    
Accounts payable 4,864 7,236
Accrued expenses and other current liabilities 38,988 54,258
Operating lease liability, current 3,580 3,057
Deferred revenue ($1,286 and $1,665 from related parties, respectively) 46,365 49,505
Total current liabilities 93,797 114,056
Other long-term liabilities 1,425 1,574
Operating lease liability, net of current portion 8,206 11,787
Deferred revenue, net of current portion ($0 and $10 from related parties, respectively) 6,091 6,289
Total liabilities 109,519 133,706
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, 2023 and as of December 31, 2022
Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 255,542,545 and 244,193,727 shares issued and outstanding, respectively; 100,000,000 Class B shares authorized, 27,390,397 shares issued and outstanding, respectively; 200,000,000 Class C shares authorized 5,555,555 issued and outstanding as of December 31, 2023 and as of December 31, 2022 2,879 2,766
Additional paid-in capital 2,234,768 2,160,108
Accumulated other comprehensive income (loss) (15,650) (16,969)
Accumulated deficit (1,757,778) (1,082,028)
Total American Well Corporation stockholders’ equity 464,219 1,063,877
Non-controlling interest 15,967 19,974
Total stockholders’ equity 480,186 1,083,851
Total liabilities and stockholders’ equity $ 589,705 $ 1,217,557