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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 205,876 $ 193,470
Investment in marketable securities 66,931 67,695
Receivables, net 16,448 7,058
Receivables, net – related parties 66,872 49,260
Other receivables 4,518 4,297
Prepaid expenses and other current assets 9,630 16,797
Total current assets 370,275 338,577
Noncurrent assets    
Land, property, and equipment, net 29,609 29,890
Intangible assets, net 83,199 86,985
Goodwill 239,053 239,053
Loans receivable 480 480
Loans receivable – related parties 4,129 4,145
Investment in other entities – equity method 42,615 43,292
Investments in privately held entities 37,075 37,075
Restricted cash 0 500
Operating lease right-of-use assets 17,738 18,574
Other assets 19,107 18,915
Total noncurrent assets 473,005 478,909
Total assets [1] 843,280 817,486
Current liabilities    
Accounts payable and accrued expenses 40,234 36,143
Fiduciary accounts payable 6,871 9,642
Medical liabilities 51,479 50,330
Income taxes payable 12,059 4,224
Dividend payable 481 485
Finance lease liabilities 109 102
Operating lease liabilities 3,036 3,177
Current portion of long-term debt 12,078 10,889
Total current liabilities 126,347 114,992
Noncurrent liabilities    
Deferred tax liability 10,038 10,959
Finance lease liabilities, net of current portion 277 311
Operating lease liabilities, net of current portion 15,147 15,865
Long-term debt, net of current portion and deferred financing costs 226,937 230,211
Total noncurrent liabilities 252,399 257,346
Total liabilities [1] 378,746 372,338
Commitments and contingencies (Note 10)
Mezzanine equity    
Noncontrolling interest in Allied Physicians of California, a Professional Medical Corporation 114,847 114,237
Stockholders’ equity    
Common stock, $0.001 par value per share; 100,000,000 shares authorized, 42,638,389 and 42,249,137 shares outstanding, excluding 12,425,639 and 12,323,164 treasury shares, as of March 31, 2021 and December 31, 2020, respectively 43 42
Additional paid-in capital 266,126 261,011
Retained earnings 82,922 69,771
Total stockholders' equity, parent 349,091 330,824
Noncontrolling interest 596 87
Total stockholders’ equity 349,687 330,911
Total liabilities, mezzanine equity, and stockholders’ equity 843,280 817,486
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 $929.9 million and $801.3 million as of March 31, 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 $115.3 million and $111.3 million as of March 31, 2021 and December 31, 2020, respectively. See Note 14 – Variable Interest Entities (VIEs) for further detail.

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