v3.21.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Total revenue $ 175,638 $ 165,169 $ 351,696 $ 330,274
Operating expenses        
Cost of services, excluding depreciation and amortization 136,214 136,079 276,829 280,283
General and administrative expenses 14,199 11,556 23,663 23,390
Depreciation and amortization 4,237 4,628 8,434 9,330
Total expenses 154,650 152,263 308,926 313,003
Income from operations 20,988 12,906 42,770 17,271
Other income        
(Loss) income from equity method investments (3,134) 834 (3,812) 2,888
Gain on sale of equity method investment 0 99,647 0 99,647
Interest expense (1,853) (2,673) (3,376) (5,541)
Interest income 563 863 912 1,792
Other income 67,886 1,282 69,190 1,384
Total other income, net 63,462 99,953 62,914 100,170
Income before provision for income taxes 84,450 112,859 105,684 117,441
Provision for income taxes 24,920 31,858 31,696 33,453
Net loss 59,530 81,001 73,988 83,988
Net income attributable to noncontrolling interest 46,872 73,957 48,179 72,892
Net income attributable to Apollo Medical Holdings, Inc. $ 12,658 $ 7,044 $ 25,809 $ 11,096
Earnings per share – basic (in dollars per share) $ 0.29 $ 0.20 $ 0.60 $ 0.31
Earnings per share – diluted (in dollars per share) $ 0.28 $ 0.19 $ 0.58 $ 0.30
Capitation, net        
Revenue        
Total revenue $ 144,550 $ 140,949 $ 289,290 $ 281,370
Risk pool settlements and incentives        
Revenue        
Total revenue 16,214 12,003 34,224 23,239
Management fee income        
Revenue        
Total revenue 8,143 8,690 16,693 17,505
Fee-for-service, net        
Revenue        
Total revenue 4,621 2,270 7,707 5,697
Other income        
Revenue        
Total revenue $ 2,110 $ 1,257 $ 3,782 $ 2,463

Source