v3.23.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total revenue $ 348,173 $ 317,001 $ 1,033,625 $ 849,955
Operating expenses        
Cost of services, excluding depreciation and amortization 275,375 240,768 857,648 691,566
General and administrative expenses 29,410 21,388 74,648 53,224
Depreciation and amortization 4,305 4,754 12,846 13,480
Total expenses 309,090 266,910 945,142 758,270
Income from operations 39,083 50,091 88,483 91,685
Other income (expense)        
(Loss) income from equity method investments (2,104) 1,452 3,104 4,397
Interest expense (3,779) (2,422) (10,680) (5,348)
Interest income 3,281 223 9,617 690
Unrealized loss on investments (342) (6,763) (5,875) (17,591)
Other income (expense) 1,876 (1,318) 4,265 2,328
Total other (expense) income, net (1,068) (8,828) 431 (15,524)
Income before provision for income taxes 38,015 41,263 88,914 76,161
Provision for income taxes 10,042 17,366 30,971 29,537
Net income 27,973 23,897 57,943 46,624
Net income (loss) attributable to non-controlling interest 5,914 712 9,582 (2,275)
Net income attributable to Apollo Medical Holdings, Inc. $ 22,059 $ 23,185 $ 48,361 $ 48,899
Earnings per share – basic (in dollars per share) $ 0.47 $ 0.52 $ 1.04 $ 1.09
Earnings per share – diluted (in dollars per share) $ 0.47 $ 0.50 $ 1.03 $ 1.06
Weighted average shares of common stock outstanding – basic (in shares) 46,547,502 44,946,725 46,527,350 44,795,295
Weighted average shares of common stock outstanding – diluted (in shares) 46,920,607 46,152,536 46,881,567 45,993,001
Capitation, net        
Revenue        
Total revenue $ 305,678 $ 227,571 $ 906,430 $ 677,253
Risk pool settlements and incentives        
Revenue        
Total revenue 15,022 64,849 48,605 101,717
Management fee income        
Revenue        
Total revenue 9,898 10,030 32,287 30,487
Fee-for-service, net        
Revenue        
Total revenue 15,892 12,859 41,216 35,694
Other revenue        
Revenue        
Total revenue $ 1,683 $ 1,692 $ 5,087 $ 4,804

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