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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 177,287 $ 193,470
Investments in marketable securities 187,206 67,695
Receivables, net 16,540 7,058
Receivables, net – related parties 68,767 49,260
Other receivables 4,562 4,297
Prepaid expenses and other current assets 12,188 16,797
Total current assets 470,550 338,577
Noncurrent assets    
Land, property, and equipment, net 40,738 29,890
Intangible assets, net 80,227 86,985
Goodwill 239,053 239,053
Loans receivables 594 480
Loans receivables – related parties 0 4,145
Investment in other entities – equity method 37,372 43,292
Investments in privately held entities 896 37,075
Restricted cash 0 500
Operating lease right-of-use assets 16,928 18,574
Other assets 8,072 18,915
Total noncurrent assets 423,880 478,909
Total assets [1] 894,430 817,486
Current liabilities    
Accounts payable and accrued expenses 53,792 36,143
Fiduciary accounts payable 9,092 9,642
Medical liabilities 59,307 50,330
Income taxes payable 2,215 4,224
Dividend payable 536 485
Finance lease liabilities 110 102
Operating lease liabilities 2,831 3,177
Current portion of long-term debt 205 10,889
Total current liabilities 128,088 114,992
Noncurrent liabilities    
Deferred tax liability 21,242 10,959
Finance lease liabilities, net of current portion 249 311
Operating lease liabilities, net of current portion 14,513 15,865
Long-term debt, net of current portion and deferred financing costs 182,705 230,211
Other long-term liabilities 1,195 0
Total noncurrent liabilities 219,904 257,346
Total liabilities [1] 347,992 372,338
Commitments and contingencies (Note 11)
Mezzanine equity    
Noncontrolling interest in Allied Physicians of California, a Professional Medical Corporation 141,856 114,237
Stockholders’ equity    
Common stock, $0.001 par value per share; 100,000,000 shares authorized, 44,246,796 and 42,249,137 shares outstanding, excluding 10,885,732 and 12,323,164 treasury shares, as of June 30, 2021 and December 31, 2020, respectively 44 42
Additional paid-in capital 305,736 261,011
Retained earnings 95,580 69,771
Total stockholders' equity, parent 401,360 330,824
Noncontrolling interest 3,222 87
Total stockholders’ equity 404,582 330,911
Total liabilities, mezzanine equity, and stockholders’ equity 894,430 817,486
Series A Preferred Stock    
Stockholders’ equity    
Preferred stock 0 0
Series B Preferred Stock    
Stockholders’ equity    
Preferred stock $ 0 $ 0
[1] The Company’s consolidated balance sheets include the assets and liabilities of its consolidated VIEs. The consolidated balance sheets include total assets that can be used only to settle obligations of the Company’s consolidated VIEs totaling $1,347.6 million and $801.3 million as of June 30, 2021 and December 31, 2020, respectively, and total liabilities of the Company’s consolidated VIEs for which creditors do not have recourse to the general credit of the primary beneficiary of $107.1 million and $111.3 million as of June 30, 2021 and December 31, 2020, respectively. See Note 15 – Variable Interest Entities (VIEs) for further detail.

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