Schedule of Assets and Liabilities, Variable Interest Entities |
The following table includes assets that can only be used to settle the liabilities of APC and its VIEs, including Alpha Care and Accountable Health Care and to which the creditors of ApolloMed have no recourse, and liabilities to which the creditors of APC, including Alpha Care and Accountable Health Care, have no recourse to the general credit of ApolloMed, as the primary beneficiary of the VIEs. These assets and liabilities, with the exception of the investment in a privately held entity that does not report net asset value per share and amounts due to affiliates, which are eliminated upon consolidation with NMM, are included in the accompanying consolidated balance sheets (in thousands). The assets and liabilities of the Company’s other consolidated VIEs were not considered significant.
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September 30, 2021 |
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December 31, 2020 |
Assets |
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Current assets |
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Cash and cash equivalents |
$ |
121,258 |
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$ |
126,158 |
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Investment in marketable securities |
124,569 |
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67,637 |
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Receivables, net |
15,927 |
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|
5,155 |
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Receivables, net – related party |
50,454 |
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46,718 |
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Income taxes receivable |
4,267 |
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— |
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Other receivables |
293 |
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1,084 |
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Prepaid expenses and other current assets |
9,808 |
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14,863 |
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Loan receivable – related party |
4,000 |
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— |
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Amount due from affiliate |
15,764 |
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— |
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Total current assets |
346,340 |
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261,615 |
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Noncurrent assets |
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Land, property and equipment, net |
47,253 |
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27,599 |
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Intangible assets, net |
61,140 |
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69,250 |
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Goodwill |
109,460 |
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109,460 |
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Loans receivable – related parties |
104 |
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4,145 |
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Investment in affiliates |
994,785 |
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225,144 |
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Investments in other entities – equity method |
45,046 |
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43,516 |
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Investment in privately held entities |
405 |
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36,584 |
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Restricted cash |
— |
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500 |
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Operating lease right-of-use assets |
5,258 |
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6,298 |
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Other assets |
2,533 |
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17,177 |
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Total noncurrent assets |
1,265,984 |
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539,673 |
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Total assets |
$ |
1,612,324 |
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$ |
801,288 |
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Current liabilities |
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September 30, 2021 |
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December 31, 2020 |
Accounts payable and accrued expenses |
$ |
15,202 |
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$ |
12,963 |
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Fiduciary accounts payable |
8,827 |
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9,642 |
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Medical liabilities |
34,998 |
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37,684 |
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Income taxes payable |
— |
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4,225 |
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Dividends payable |
556 |
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|
485 |
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Amount due to affiliate |
— |
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22,698 |
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Current portion of long-term debt |
207 |
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201 |
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Finance lease liabilities |
110 |
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102 |
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Operating lease liabilities |
1,231 |
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1,242 |
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Total current liabilities |
61,131 |
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89,242 |
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Noncurrent liabilities |
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Long-term debt, net of current portion and deferred financing costs |
7,245 |
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7,379 |
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Deferred tax liability |
18,941 |
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9,144 |
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Finance lease liabilities, net of current portion |
221 |
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311 |
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Operating lease liabilities, net of current portion |
4,262 |
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5,242 |
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Other long-term liabilities |
1,010 |
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— |
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Total noncurrent liabilities |
31,679 |
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22,076 |
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Total liabilities |
$ |
92,810 |
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$ |
111,318 |
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