Evolent Health, Inc(NYSE:EVH)
Evolent Health, Inc., through its subsidiary, Evolent Health LLC, provides health care delivery and payment solutions in the United States. The company operates through two segments, Services and True Health. The Services segment provides value-based care services that include Identifi, a proprietar...
Website: http://www.evolenthealth.com
Founded: 2011
Full Time Employees: 3,400
Sector: Healthcare
Industry: Health Information Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 468,719,000 | 479,533,000 | 444,328,000 | 483,649,000 | 646,542,000 | 621,401,000 | 647,145,000 | 639,653,000 | 556,055,000 | 511,015,000 | 469,136,000 | 427,690,000 | 382,432,000 | 352,585,000 | 319,939,000 | 297,057,000 | |||||||||||||||||||||||||||
yoy | -27.50% | -22.83% | -31.34% | -24.39% | 16.27% | 21.60% | 37.94% | 49.56% | 45.40% | 44.93% | 46.63% | 43.98% | |||||||||||||||||||||||||||||||
qoq | -2.26% | 7.92% | -8.13% | -25.19% | 4.05% | -3.98% | 1.17% | 15.03% | 8.81% | 8.93% | 9.69% | 11.83% | 8.47% | 10.20% | 7.70% | ||||||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||||||||||||||||||||
cost of revenue | 371,466,000 | 379,759,000 | 343,943,000 | 381,178,000 | 570,831,000 | 540,708,000 | 540,302,000 | 535,547,000 | 454,428,000 | 386,585,000 | 351,938,000 | 310,475,000 | 299,368,000 | 266,617,000 | 249,705,000 | 219,739,000 | 164,480,000 | 163,126,000 | 172,113,000 | 157,832,000 | 176,743,000 | 183,165,000 | 165,812,000 | 175,653,000 | |||||||||||||||||||
selling, general and administrative expenses | 72,656,000 | 77,592,000 | 75,209,000 | 78,409,000 | 47,701,000 | 67,060,000 | 69,185,000 | 79,104,000 | 81,428,000 | 96,567,000 | 90,389,000 | 89,726,000 | 82,861,000 | 68,521,000 | 58,955,000 | 58,932,000 | 66,917,000 | 51,292,000 | 42,699,000 | 58,591,000 | 61,633,000 | 55,758,000 | 50,511,000 | 54,698,000 | 58,808,000 | 66,932,000 | 74,838,000 | 175,852,000 | 59,566,000 | 57,403,000 | 55,526,000 | 45,834,000 | 51,090,000 | 53,550,000 | 38,398,000 | 32,756,000 | 32,095,000 | 29,834,000 | 13,082,000 | ||||
depreciation and amortization expenses | 45,037,000 | 23,615,000 | 23,141,000 | 24,058,000 | 29,296,000 | 29,701,000 | 29,870,000 | 29,503,000 | 29,602,000 | 32,404,000 | 32,134,000 | 29,275,000 | 19,781,000 | 17,196,000 | 15,112,000 | 15,106,000 | 15,075,000 | 14,859,000 | 14,916,000 | 15,187,000 | 14,865,000 | 14,694,000 | 15,778,000 | 16,138,000 | 15,408,000 | 15,292,000 | 14,266,000 | 10,352,000 | 10,034,000 | 9,496,000 | 7,717,000 | 6,904,000 | 6,615,000 | 3,746,000 | 3,612,000 | 3,371,000 | 3,056,000 | 984,000 | |||||
loss on lease termination | -1,230,000 | 1,906,000 | |||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | 4,658,000 | -1,089,000 | 3,206,000 | -280,000 | -4,200,000 | 200,000 | 8,908,000 | 5,937,000 | 11,300,000 | -7,822,000 | 8,569,000 | -17,700,000 | -12,700,000 | 800,000 | 6,078,000 | 100,000 | |||||||||||||||||||||||||||
total operating expenses | 352,354,250 | 478,647,000 | 445,499,000 | 485,271,000 | 665,138,000 | 637,669,000 | 639,357,000 | 653,062,000 | 577,405,000 | 528,953,000 | 490,704,000 | 438,045,000 | 384,310,000 | 339,634,000 | 324,572,000 | 299,855,000 | 260,572,000 | 229,052,000 | 229,728,000 | 231,016,000 | 271,870,000 | 282,301,000 | 466,101,000 | 272,785,000 | 240,281,000 | 217,192,000 | 244,402,000 | 160,977,000 | 153,264,000 | 153,846,000 | 121,932,000 | 126,188,000 | 127,693,000 | 76,049,000 | 69,147,000 | 224,628,000 | 57,652,000 | 21,953,000 | |||||
operating income | -408,231,000 | 886,000 | -1,171,000 | -1,622,000 | -18,596,000 | -16,268,000 | 7,788,000 | -13,409,000 | -21,350,000 | -17,938,000 | -21,568,000 | -10,355,000 | -1,878,000 | 12,951,000 | -4,633,000 | -2,798,000 | -12,214,000 | -6,581,000 | -7,671,000 | -15,945,000 | 53,000 | -17,708,000 | -227,469,000 | -25,500,000 | -20,138,000 | -25,233,000 | -46,646,000 | -11,030,000 | -8,966,000 | -14,132,000 | -14,020,000 | -19,117,000 | -21,455,000 | -15,839,000 | -12,629,000 | -175,179,000 | -17,246,000 | -11,539,000 | |||||
yoy | 2095.26% | -105.45% | -115.04% | -87.90% | -12.90% | -9.31% | -136.11% | 29.49% | 1036.85% | -238.51% | 365.53% | 270.09% | -84.62% | -296.79% | -39.60% | -82.45% | -23145.28% | -62.84% | -96.63% | -37.47% | -12.07% | 801.47% | -45.33% | 82.57% | 181.43% | 230.07% | -21.33% | -53.10% | -34.13% | -11.48% | 51.37% | -87.75% | -8.16% | 9.45% | |||||||||
qoq | -46175.73% | -175.66% | -27.81% | -91.28% | 14.31% | -308.89% | -158.08% | -37.19% | 19.02% | -16.83% | 108.29% | 451.38% | -114.50% | -379.54% | 65.58% | -77.09% | 85.59% | -14.21% | -51.89% | -30184.91% | -100.30% | -92.22% | 792.04% | -20.19% | -45.91% | 23.02% | -36.56% | -26.66% | -10.90% | 25.42% | -92.79% | 49.46% | |||||||||||
operating margin % | -87.10% | 0.18% | -0.26% | -0.34% | -2.88% | -2.62% | 1.20% | -2.10% | -3.84% | -3.51% | -4.60% | -2.42% | -0.49% | 3.67% | -1.45% | -0.94% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% |
interest income | 868,000 | 964,000 | 1,084,000 | 1,274,000 | 830,000 | 794,000 | 1,370,000 | 2,550,000 | 2,521,000 | 1,071,000 | 604,000 | 1,060,000 | 604,000 | 425,000 | 223,000 | 117,000 | 96,000 | 120,000 | 68,000 | 123,000 | 115,000 | 1,288,000 | 842,000 | 919,000 | 1,124,000 | 842,000 | 1,060,000 | 968,000 | 878,000 | 1,072,000 | 411,000 | 218,000 | 185,000 | 255,000 | 272,000 | 279,000 | 54,000 | 13,000 | |||||
interest expense | -19,010,000 | -16,475,000 | -11,601,000 | -10,385,000 | -6,720,000 | -6,010,000 | -5,995,000 | -5,997,000 | -12,238,000 | -14,614,000 | -14,458,000 | -12,895,000 | -6,429,000 | -4,754,000 | -2,148,000 | -2,241,000 | -6,447,000 | -6,367,000 | -6,274,000 | -6,337,000 | -8,340,000 | -7,419,000 | -6,293,000 | -6,285,000 | -3,630,000 | -3,620,000 | -3,562,000 | -853,000 | -855,000 | -853,000 | -880,000 | -947,000 | -954,000 | ||||||||||
gain from equity method investees | 31,000 | 156,000 | 197,000 | -19,000 | 182,000 | -2,229,000 | -1,700,000 | 306,000 | 28,000 | 684,000 | 155,000 | 423,000 | 629,000 | 1,392,000 | 1,952,000 | 596,000 | 454,000 | 63,000 | 4,879,000 | 7,783,000 | -975,000 | -13,717,000 | 25,143,000 | ||||||||||||||||||||
gain on extinguishment of short-term debt | 107,750 | 431,000 | |||||||||||||||||||||||||||||||||||||||||
loss on option exercise | -196,000 | -52,348,000 | |||||||||||||||||||||||||||||||||||||||||
extinguishment of series a preferred stock and other refinancing fees | -6,000,000 | ||||||||||||||||||||||||||||||||||||||||||
change in tax receivables agreement liability | -173,000 | 4,202,000 | |||||||||||||||||||||||||||||||||||||||||
other expense | 252,000 | 80,000 | -35,000 | -35,000 | -43,000 | -14,000 | |||||||||||||||||||||||||||||||||||||
income before income taxes | -430,808,000 | -19,958,000 | -20,722,000 | -63,148,000 | -23,923,000 | -23,756,000 | 1,358,000 | -16,715,000 | -48,067,000 | -30,874,000 | -35,293,000 | -88,171,000 | |||||||||||||||||||||||||||||||
provision for income taxes | 387,750 | 906,000 | -825,000 | 1,470,000 | -238,000 | 565,000 | -970,000 | -68,189,000 | 1,122,000 | -45,516,000 | -184,000 | 1,202,000 | -453,000 | 234,000 | 91,000 | 611,000 | -371,000 | ||||||||||||||||||||||||||
loss before preferred dividends and accretion of series a preferred stock including excise tax | -429,131,000 | -20,864,000 | |||||||||||||||||||||||||||||||||||||||||
dividends and accretion of series a preferred stock including excise tax | -6,066,000 | ||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common shareholders of evolent health, inc. | -429,131,000 | -26,930,000 | -51,090,000 | -72,250,000 | -30,615,000 | -31,231,000 | -6,383,000 | -25,225,000 | -41,411,000 | -26,258,000 | -4,588,000 | -5,350,000 | -5,647,000 | -13,040,000 | -9,107,000 | -9,807,000 | |||||||||||||||||||||||||||
loss per common share | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -3,760 | -240 | -440 | -630 | -260 | -270 | -60 | -220 | -240 | -70 | -440 | -2,380 | -930 | ||||||||||||||||||||||||||||||
weighted-average common shares outstanding | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 114,208,000 | 114,066,000 | 115,882,000 | 115,315,000 | 114,682,000 | 114,862,000 | 114,688,000 | 114,141,000 | 111,251 | 111,278,000 | 107,783,000 | 93,699 | 90,071 | 89,509 | 86,067 | 85,800 | 85,448 | 84,670 | 84,928,000 | 85,172,000 | 85,349,000 | 84,793,000 | 82,364,000 | 83,819,000 | 82,289,000 | 79,335,000 | 77,338,000 | ||||||||||||||||
comprehensive loss | |||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss, net of taxes, related to: | |||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | -248,000 | -669,000 | 22,000 | 24,000 | -386,000 | -12,000 | -47,000 | -51,000 | 8 | -151 | 8,000 | 56,000 | -134 | -262 | -288 | -132 | 1 | 4 | -58 | -31 | 42,000 | 71,000 | -4,000 | -153,000 | -68,000 | 11,000 | 24,000 | -116,000 | -148,000 | ||||||||||||||
total comprehensive loss attributable to common shareholders of evolent health, inc. | -429,379,000 | -27,599,000 | -51,068,000 | -72,226,000 | -31,001,000 | -31,243,000 | -6,430,000 | -25,276,000 | -41,403,000 | -26,202,000 | -4,876 | -5,482 | -5,646 | -13,036 | -9,165 | -9,838 | -14,583,000 | -37,277,000 | -203,525,000 | -78,905,000 | |||||||||||||||||||||||
extinguishment of series a preferred stock | -9,000,000 | ||||||||||||||||||||||||||||||||||||||||||
income before preferred dividends and accretion of series a preferred stock | -19,897,000 | 1,596,000 | -19,907,250 | -25,324,000 | |||||||||||||||||||||||||||||||||||||||
dividends and accretion of series a preferred stock | -31,193,000 | -7,632,000 | -7,813,000 | -8,094,000 | -7,979,000 | -7,945,000 | -7,984,000 | -7,872,000 | -7,088,000 | -6,276,000 | |||||||||||||||||||||||||||||||||
other income | -48,000 | -105,000 | 8,000 | -220,000 | -77,000 | -26,000 | -220,000 | -73,000 | -345,000 | 297,000 | 178,000 | -18,250 | -41,000 | -18,000 | -289,000 | -111,000 | 352,000 | -71,000 | -84,000 | -587,000 | 427,000 | -124,000 | 78,000 | -18,000 | 15,000 | 3,000 | 2,000 | 1,000 | 1,000 | ||||||||||||||
loss before preferred dividends and accretion of series a preferred stock | -64,618,000 | -22,802,000 | -23,137,000 | -17,280,000 | -34,323,000 | -19,982,000 | |||||||||||||||||||||||||||||||||||||
loss on disposal of non-strategic assets | |||||||||||||||||||||||||||||||||||||||||||
right-of-use assets impairment | 24,065,000 | ||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | -1,121,000 | -619,000 | -18,677,250 | -5,550,000 | |||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 524,250 | 2,097,000 | 6,447,000 | ||||||||||||||||||||||||||||||||||||||||
loss on repayment on long-term debt | |||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | -19,907,250 | -25,324,000 | -1,838,000 | 2,123,000 | |||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders of evolent health, inc. | -25,216,250 | -33,196,000 | -1,953,750 | 2,123,000 | -79,905,250 | -37,348,000 | -203,521,000 | -78,752,000 | |||||||||||||||||||||||||||||||||||
income per common share | |||||||||||||||||||||||||||||||||||||||||||
basic: | |||||||||||||||||||||||||||||||||||||||||||
continuing operations | -370 | -300 | -370 | -120 | 20 | -50 | -60 | 40 | -150 | -110 | -130 | ||||||||||||||||||||||||||||||||
discontinued operations | -2.5 | -110 | 10 | ||||||||||||||||||||||||||||||||||||||||
basic income per share attributable to common shareholders of evolent health, inc. | -0.228 | -0.3 | -0.023 | 0.02 | |||||||||||||||||||||||||||||||||||||||
diluted: | |||||||||||||||||||||||||||||||||||||||||||
diluted income per share attributable to common shareholders of evolent health, inc. | -0.228 | -0.3 | -0.023 | 0.02 | |||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding | |||||||||||||||||||||||||||||||||||||||||||
basic | 112,282 | 95,286 | 77,999,000 | 77,209,000 | 75,375,000 | 64,351,000 | 70,328,000 | 59,478,000 | 52,599,000 | 45,031,000 | 43,110,000 | 42,594,000 | 42,185,000 | 25,129,000 | 41,468,000 | 13,976,000 | |||||||||||||||||||||||||||
diluted | 112,282 | 99,308 | 77,999,000 | 77,209,000 | 75,375,000 | 64,351,000 | 70,328,000 | 59,478,000 | 52,599,000 | 45,031,000 | 43,110,000 | 42,594,000 | 42,185,000 | 46,136,000 | 41,468,000 | 36,643,000 | |||||||||||||||||||||||||||
comprehensive income | |||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of taxes, related to: | |||||||||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to common shareholders of evolent health, inc. | -25,238 | -33,347 | -2,124.25 | 1,861 | |||||||||||||||||||||||||||||||||||||||
change in tax receivable agreement liability | -66,184,000 | -3,080,000 | -42,870,000 | ||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -34,323,000 | -4,125,000 | -5,350,000 | 3,053,000 | -13,040,000 | -9,107,000 | -11,190,000 | ||||||||||||||||||||||||||||||||||||
loss per common share | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted: | |||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -2.5 | -110 | 10 | ||||||||||||||||||||||||||||||||||||||||
basic and diluted | -370 | ||||||||||||||||||||||||||||||||||||||||||
net income | -26,258,000 | -11,349 | 2,123 | -4,588 | -5,350 | -5,647,000 | -13,040,000 | -9,107,000 | -9,807,000 | -13,803,000 | -38,170,000 | -203,521,000 | -78,752,000 | -25,738,000 | -31,900,000 | -48,649,000 | -12,555,000 | -10,031,000 | -14,065,000 | -13,129,000 | -19,698,000 | -23,149,000 | -15,775,000 | -11,999,000 | -173,912,000 | -17,088,000 | 356,488,000 | ||||||||||||||||
yoy | 490703.74% | -99.80% | -100.02% | -99.95% | -99.95% | -59.09% | -65.84% | -95.53% | -87.55% | 48.30% | 538.00% | 61.88% | 105.00% | 218.01% | 245.89% | -4.37% | -49.08% | -39.24% | -16.77% | 64.16% | -86.69% | -7.68% | -103.37% | ||||||||||||||||||||
qoq | 231268.40% | -634.57% | -146.27% | -14.24% | -99.91% | -56.69% | 43.19% | -7.14% | -28.95% | -63.84% | -81.25% | 158.43% | -19.32% | -34.43% | 25.16% | -28.68% | -33.35% | -14.91% | 31.47% | -93.10% | -104.79% | ||||||||||||||||||||||
net income margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -6.14% | -0.00% | 0.00% | -0.00% | -0.00% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | Infinity% |
gain on transfer of membership | 22,969,000 | 22,969,000 | |||||||||||||||||||||||||||||||||||||||||
loss on extinguishment/repayment of debt | -10,192,000 | ||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before income taxes | -10,227,000 | -43,393,000 | -4,309,000 | -4,148,000 | 2,600,000 | -12,806,000 | -9,016,000 | -10,579,000 | |||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | -115,750 | -463,000 | -8,700,000 | ||||||||||||||||||||||||||||||||||||||||
loss on repayment of debt | -2,185,000 | -19,158,000 | |||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share attributable to common shareholders of evolent health, inc. | -0.05 | -0.06 | -0.07 | -0.15 | -0.11 | -0.12 | |||||||||||||||||||||||||||||||||||||
transformation services | 6,220,000 | 2,075,000 | 2,564,000 | 345,000 | 1,190,000 | 4,807,000 | 755,000 | 5,238,000 | 5,184,000 | 1,944,000 | 3,353,000 | 23,686,000 | 9,230,000 | 8,215,000 | 6,505,000 | ||||||||||||||||||||||||||||
platform and operations services | 242,138,000 | 220,396,000 | 219,493,000 | 214,726,000 | 240,492,000 | 230,299,000 | 212,375,000 | 209,900,000 | 171,438,000 | 144,522,000 | 147,292,000 | 382,096,000 | 118,094,000 | 113,346,000 | 109,818,000 | ||||||||||||||||||||||||||||
total revenue | 248,358,000 | 222,471,000 | 222,057,000 | 215,071,000 | 271,923,000 | 264,593,000 | 238,632,000 | 247,285,000 | 220,143,000 | 191,959,000 | 197,756,000 | 149,947,000 | 144,298,000 | 139,714,000 | 107,912,000 | 107,071,000 | 106,238,000 | 60,210,000 | 56,518,000 | 49,449,000 | 40,406,000 | 10,414,000 | |||||||||||||||||||||
loss on extinguishment of debt | -9,578,000 | 4,789,000 | |||||||||||||||||||||||||||||||||||||||||
goodwill impairment | 215,100,000 | 160,600,000 | |||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent consideration and indemnification asset | 14,100,000 | -225,000 | -594,000 | 4,352,000 | 2,570,000 | 756,000 | -3,818,000 | -500,000 | 100,000 | 100,000 | -1,604,000 | ||||||||||||||||||||||||||||||||
impairment of equity method investments | -47,133,000 | ||||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||
total comprehensive loss | -5,646 | -13,036 | -9,165 | -9,838 | -13,761,000 | -38,099,000 | -203,525,000 | -78,905,000 | |||||||||||||||||||||||||||||||||||
total comprehensive loss attributable to non-controlling interests | -205,500 | -822,000 | |||||||||||||||||||||||||||||||||||||||||
gain from discontinued operations, net of tax | 1,383,000 | ||||||||||||||||||||||||||||||||||||||||||
premiums | 30,241,000 | 29,487,000 | 25,502,000 | 32,147,000 | 43,521,000 | 45,493,000 | 47,111,000 | 22,623,000 | 22,737,000 | 23,391,000 | |||||||||||||||||||||||||||||||||
claims expenses | 24,815,000 | 21,325,000 | 18,144,000 | 23,667,000 | 34,802,000 | 36,085,000 | 37,757,000 | 16,992,000 | 18,428,000 | 16,749,000 | |||||||||||||||||||||||||||||||||
(gain) loss on disposal of assets | 1,611,750 | -9,600,000 | |||||||||||||||||||||||||||||||||||||||||
income before income taxes and non-controlling interests | -80,893,500 | -37,667,000 | -207,425,000 | -78,482,000 | -26,587,000 | -30,502,000 | -49,145,000 | -41,731,000 | -12,420,000 | -10,140,000 | -14,062,000 | -14,843,000 | -20,398,000 | -22,744,000 | -16,031,000 | -12,370,000 | -174,900,000 | -17,192,000 | 385,761,000 | ||||||||||||||||||||||||
benefit for income taxes | -782,750 | 503,000 | -3,904,000 | 270,000 | -849,000 | 1,398,000 | -496,000 | 135,000 | -109,000 | 3,000 | -1,714,000 | -700,000 | 405,000 | -256,000 | -988,000 | -104,000 | 29,273,000 | ||||||||||||||||||||||||||
net income attributable to non-controlling interests | -205,500 | -822,000 | -217,000 | -285,000 | -1,910,000 | -126,000 | -115,000 | -439,000 | -541,000 | -2,793,000 | -5,137,000 | -4,567,000 | -3,612,000 | -51,100,000 | -5,108,000 | -3,424,000 | |||||||||||||||||||||||||||
income from equity method investees | -412,000 | -3,859,000 | -1,904,000 | -424,000 | -1,381,000 | ||||||||||||||||||||||||||||||||||||||
cost of revenue (exclusive of depreciation and amortization | |||||||||||||||||||||||||||||||||||||||||||
expenses presented separately below) | 131,763,000 | 108,383,000 | 117,441,000 | 73,967,000 | 69,003,000 | 71,975,000 | 68,281,000 | 67,994,000 | 67,528,000 | 33,905,000 | 32,779,000 | ||||||||||||||||||||||||||||||||
net income attributable to evolent health, inc. | -25,521,000 | -31,615,000 | -46,739,000 | -12,429,000 | -9,916,000 | -13,626,000 | -12,588,000 | -16,905,000 | -18,012,000 | -11,208,000 | -8,387,000 | -122,812,000 | -11,980,000 | 359,912,000 | |||||||||||||||||||||||||||||
earnings available for common shareholders | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -25,521,000 | -31,615,000 | -46,739,000 | ||||||||||||||||||||||||||||||||||||||||
earnings per common share | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -300 | -380 | -590 | ||||||||||||||||||||||||||||||||||||||||
total comprehensive income | -25,806,000 | -31,889,000 | -48,625,000 | -12,671,000 | -10,179,000 | -14,065,000 | |||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to non-controlling interests | -217,000 | -285,000 | -1,910,000 | -126,000 | -115,000 | -439,000 | |||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to evolent health, inc. | -25,589,000 | -31,604,000 | -46,715,000 | -12,545,000 | -10,064,000 | -13,626,000 | |||||||||||||||||||||||||||||||||||||
earnings available for common shareholders | |||||||||||||||||||||||||||||||||||||||||||
basic | -12,429,000 | -9,916,000 | -13,626,000 | -12,588,000 | -16,905,000 | -18,012,000 | -11,208,000 | -8,387,000 | -122,812,000 | -11,980,000 | 359,018,000 | ||||||||||||||||||||||||||||||||
diluted | -12,429,000 | -9,916,000 | -13,626,000 | -12,588,000 | -16,905,000 | -18,012,000 | -11,208,000 | -8,387,000 | -122,812,000 | -11,980,000 | 356,488,000 | ||||||||||||||||||||||||||||||||
earnings per common share | |||||||||||||||||||||||||||||||||||||||||||
basic | -160 | -130 | -180 | -180 | -280 | -340 | -260 | -200 | -2,910 | -290 | 25,690 | ||||||||||||||||||||||||||||||||
diluted | -160 | -130 | -180 | -180 | -280 | -340 | -260 | -200 | -2,910 | -290 | 9,730 | ||||||||||||||||||||||||||||||||
income from equity affiliates | -1,275,000 | ||||||||||||||||||||||||||||||||||||||||||
loss on change in fair value of contingent consideration | 100,000 | 100,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||||
income from affiliates | -131,000 | -369,000 | -555,000 | -522,000 | -448,000 | -14,000 | |||||||||||||||||||||||||||||||||||||
transformation | 8,204,000 | 5,361,000 | 10,235,000 | 7,757,000 | 10,388,000 | 8,114,000 | 6,783,000 | 2,703,000 | |||||||||||||||||||||||||||||||||||
platform and operations | 99,708,000 | 101,710,000 | 96,003,000 | 52,453,000 | 46,130,000 | 41,335,000 | 33,623,000 | 7,711,000 | |||||||||||||||||||||||||||||||||||
gain on consolidation | 414,133,000 | ||||||||||||||||||||||||||||||||||||||||||
presented separately below) | 18,491,750 | 28,562,000 | |||||||||||||||||||||||||||||||||||||||||
income from affiliate | -16,846,000 | ||||||||||||||||||||||||||||||||||||||||||
earnings available to common shareholders | |||||||||||||||||||||||||||||||||||||||||||
basic | -12,429,000 | -9,916,000 | -13,626,000 | -12,588,000 | -16,905,000 | -18,012,000 | -11,208,000 | -8,387,000 | -122,812,000 | -11,980,000 | 359,018,000 | ||||||||||||||||||||||||||||||||
diluted | -12,429,000 | -9,916,000 | -13,626,000 | -12,588,000 | -16,905,000 | -18,012,000 | -11,208,000 | -8,387,000 | -122,812,000 | -11,980,000 | 356,488,000 | ||||||||||||||||||||||||||||||||
presented below) | 24,762,000 | 7,887,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 151,856,000 | 116,650,000 | 150,995,000 | 246,547,000 | 104,203,000 | 96,583,000 | 101,250,000 | 165,147,000 | 192,825,000 | 184,536,000 | 142,530,000 | 157,519,000 | 188,200,000 | 156,756,000 | 193,070,000 | 210,158,000 | 266,280,000 | 252,496,000 | 207,273,000 | 236,032,000 | 340,490,000 | 370,514,000 | 98,272,000 | 67,944,000 | 101,008,000 | 96,734,000 | 92,821,000 | 170,817,000 | 228,320,000 | 221,837,000 | 197,983,000 | 200,316,000 | 238,433,000 | 287,143,000 | 99,975,000 | 104,295,000 | 134,563,000 | 109,777,000 | 105,138,000 | 111,292,000 | 145,726,000 | 208,157,000 | 219,367,000 |
restricted cash | 26,134,000 | 23,689,000 | 24,368,000 | 16,239,000 | 4,990,000 | 2,205,000 | 6,747,000 | 4,703,000 | 1,322,000 | 4,397,000 | |||||||||||||||||||||||||||||||||
accounts receivable | 309,861,000 | 386,564,000 | 358,756,000 | 430,496,000 | 414,681,000 | 407,902,000 | 373,725,000 | 427,739,000 | 446,749,000 | 394,232,000 | 345,276,000 | 262,764,000 | 254,684,000 | 187,633,000 | 118,525,000 | 179,270,000 | 130,604,000 | 175,226,000 | 242,505,000 | 185,103,000 | 125,986,000 | 95,317,000 | 95,839,000 | 107,506,000 | 75,667,000 | 74,874,000 | 71,379,000 | 65,626,000 | 80,208,000 | 60,054,000 | 70,846,000 | 66,138,000 | 48,947,000 | 43,972,000 | 45,804,000 | 44,638,000 | 40,635,000 | 21,986,000 | 30,337,000 | 25,216,000 | 20,381,000 | 30,541,000 | 24,039,000 |
prepaid expenses and other current assets | 18,521,000 | 22,228,000 | 28,138,000 | 34,652,000 | 28,938,000 | 23,183,000 | 25,943,000 | 24,766,000 | 30,331,000 | 36,822,000 | 41,416,000 | 33,757,000 | 20,678,000 | 24,328,000 | 37,173,000 | 34,313,000 | 51,391,000 | 33,965,000 | 38,032,000 | 33,696,000 | 61,034,000 | 55,381,000 | 30,473,000 | 25,449,000 | 28,488,000 | 29,749,000 | 32,810,000 | 30,495,000 | 22,618,000 | 14,667,000 | 15,757,000 | 17,369,000 | 8,404,000 | 16,144,000 | 12,556,000 | 11,667,000 | 11,011,000 | 4,983,000 | 5,300,000 | 4,215,000 | 4,208,000 | 3,520,000 | 3,179,000 |
total current assets | 506,372,000 | 570,094,000 | 562,257,000 | 727,934,000 | 607,117,000 | 544,011,000 | 520,971,000 | 669,246,000 | 683,673,000 | 638,798,000 | 576,699,000 | 475,972,000 | 478,054,000 | 393,774,000 | 423,145,000 | 463,388,000 | 523,960,000 | 478,196,000 | 505,552,000 | 508,310,000 | 546,134,000 | 548,545,000 | 274,658,000 | 258,473,000 | 228,801,000 | 308,012,000 | 240,864,000 | 321,186,000 | 487,966,000 | 348,591,000 | 353,254,000 | 337,279,000 | 378,182,000 | 352,329,000 | 192,620,000 | 217,538,000 | 264,966,000 | 191,429,000 | 170,557,000 | 167,566,000 | 184,463,000 | 246,221,000 | 251,640,000 |
investments and equity method investees | 8,966,000 | 8,936,000 | 8,978,000 | 8,569,000 | 8,588,000 | 8,405,000 | 8,371,000 | 8,197,000 | |||||||||||||||||||||||||||||||||||
property and equipment | 80,785,000 | 80,086,000 | 77,273,000 | 74,440,000 | 73,151,000 | 73,941,000 | 75,297,000 | 76,044,000 | 78,194,000 | 79,902,000 | 83,524,000 | 88,606,000 | 87,874,000 | 94,645,000 | 92,627,000 | 82,877,000 | 81,365,000 | 81,574,000 | 82,996,000 | 84,439,000 | 86,240,000 | 88,072,000 | 88,555,000 | 85,808,000 | 85,155,000 | 83,164,000 | 80,217,000 | 77,379,000 | 73,628,000 | 68,692,000 | 64,630,000 | 60,430,000 | 50,922,000 | 46,930,000 | 40,194,000 | 35,459,000 | 31,179,000 | 21,123,000 | 18,468,000 | 15,537,000 | 12,796,000 | 10,755,000 | 8,463,000 |
right-of-use assets - operating | 4,373,000 | 4,837,000 | 5,342,000 | 5,726,000 | 6,134,000 | 9,244,000 | 9,905,000 | 10,790,000 | 11,983,000 | 17,406,000 | 27,472,000 | 44,408,000 | 49,027,000 | 50,696,000 | 50,873,000 | 48,485,000 | 50,203,000 | 50,118,000 | 51,904,000 | 53,686,000 | 57,799,000 | 60,240,000 | 66,113,000 | 63,038,000 | 72,173,000 | 75,768,000 | 76,712,000 | 63,855,000 | |||||||||||||||
prepaid expenses and other noncurrent assets | 3,078,000 | 2,938,000 | 4,081,000 | 3,188,000 | 3,569,000 | 3,914,000 | 2,672,000 | 2,304,000 | 4,028,000 | 3,264,000 | 3,163,000 | 3,543,000 | 2,378,000 | 3,064,000 | 6,655,000 | 7,211,000 | 6,790,000 | 6,606,000 | 6,311,000 | 6,253,000 | 7,647,000 | 10,947,000 | 11,264,000 | 15,181,000 | |||||||||||||||||||
contract cost assets | 13,537,000 | 11,160,000 | 12,504,000 | 13,334,000 | 13,378,000 | 13,203,000 | 13,419,000 | 12,471,000 | 12,120,000 | 13,413,000 | 14,648,000 | 16,497,000 | 17,461,000 | 24,588,000 | 22,721,000 | 22,041,000 | 32,624,000 | 25,198,000 | 22,367,000 | 25,322,000 | 26,687,000 | 28,491,000 | 31,713,000 | 34,193,000 | 36,482,000 | 29,998,000 | 24,485,000 | 22,463,000 | 19,147,000 | 14,252,000 | 10,890,000 | 9,982,000 | |||||||||||
intangible assets | 584,937,000 | 623,693,000 | 651,169,000 | 667,881,000 | 680,156,000 | 696,779,000 | 711,290,000 | 731,345,000 | 752,009,000 | 777,668,000 | 801,923,000 | 825,857,000 | 442,784,000 | 451,398,000 | 264,846,000 | 272,213,000 | 279,784,000 | 245,069,000 | 252,045,000 | 259,420,000 | 268,072,000 | 275,492,000 | 282,913,000 | 291,627,000 | 308,459,000 | 317,200,000 | 326,586,000 | 336,231,000 | 335,036,000 | 230,806,000 | 236,819,000 | 242,863,000 | 241,261,000 | 249,492,000 | 254,460,000 | 254,166,000 | 258,923,000 | 162,789,000 | 165,442,000 | 168,072,000 | 163,152,000 | 165,661,000 | 168,170,000 |
goodwill | 694,482,000 | 1,075,376,000 | 1,137,321,000 | 1,137,320,000 | 1,137,320,000 | 1,137,342,000 | 1,116,538,000 | 1,116,539,000 | 1,116,542,000 | 1,117,543,000 | 1,117,556,000 | 1,117,945,000 | 722,774,000 | 722,790,000 | 426,228,000 | 426,274,000 | 426,297,000 | 349,010,000 | 349,009,000 | 349,022,000 | 354,734,000 | 354,722,000 | 354,695,000 | 569,797,000 | 572,064,000 | 771,887,000 | 772,164,000 | 770,334,000 | 768,124,000 | 635,088,000 | 635,282,000 | 635,246,000 | 628,186,000 | 628,341,000 | 628,653,000 | 627,204,000 | 626,569,000 | 459,703,000 | 459,703,000 | 459,703,000 | 608,903,000 | 608,903,000 | 608,903,000 |
total assets | 1,899,236,000 | 2,453,459,000 | 2,461,532,000 | 2,653,451,000 | 2,544,411,000 | 2,501,764,000 | 2,475,109,000 | 2,643,673,000 | 2,680,308,000 | 2,669,615,000 | 2,646,831,000 | 2,589,459,000 | 1,817,293,000 | 1,759,182,000 | 1,303,912,000 | 1,339,149,000 | 1,419,458,000 | 1,253,525,000 | 1,293,367,000 | 1,305,584,000 | 1,370,185,000 | 1,391,789,000 | 1,270,134,000 | 1,450,754,000 | 1,498,015,000 | 1,713,901,000 | 1,652,256,000 | 1,629,374,000 | 1,722,281,000 | 1,322,676,000 | 1,321,620,000 | 1,306,310,000 | 1,312,697,000 | 1,299,030,000 | 1,138,352,000 | 1,154,446,000 | 1,199,839,000 | 851,280,000 | 852,801,000 | 856,463,000 | 1,015,514,000 | 1,056,181,000 | 1,039,837,000 |
liabilities, mezzanine equity and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||
accounts payable | 59,776,000 | 72,180,000 | 69,460,000 | 57,813,000 | 96,025,000 | 50,087,000 | 39,030,000 | 77,346,000 | 48,246,000 | 51,776,000 | 76,953,000 | 51,012,000 | 57,174,000 | 61,863,000 | 96,565,000 | 64,036,000 | 96,084,000 | 37,785,000 | 39,879,000 | 78,574,000 | 32,068,000 | 32,177,000 | 73,691,000 | 80,035,000 | 37,488,000 | 120,024,000 | 28,758,000 | 39,007,000 | 146,760,000 | 30,535,000 | 34,258,000 | 22,445,000 | 42,930,000 | 27,292,000 | 26,280,000 | 39,613,000 | 43,892,000 | 14,486,000 | 12,375,000 | 17,042,000 | 16,699,000 | 12,642,000 | 13,530,000 |
accrued liabilities | 65,755,000 | 60,893,000 | 63,886,000 | 99,531,000 | 66,361,000 | 120,454,000 | 84,788,000 | 165,099,000 | 149,849,000 | 193,961,000 | 166,676,000 | 170,236,000 | 111,198,000 | 132,238,000 | 75,846,000 | 115,068,000 | 107,241,000 | 55,774,000 | 52,339,000 | 61,069,000 | 84,507,000 | 76,979,000 | 35,305,000 | 28,203,000 | 33,343,000 | 41,632,000 | 52,631,000 | 53,018,000 | 48,957,000 | 47,189,000 | 39,477,000 | 37,955,000 | 29,572,000 | 21,094,000 | 25,919,000 | 22,320,000 | 29,160,000 | 11,839,000 | 8,513,000 | 7,551,000 | 6,047,000 | 21,682,000 | 20,091,000 |
operating lease liability - current | 15,343,000 | 17,942,000 | 24,208,000 | 35,187,000 | 26,717,000 | 6,220,000 | 6,133,000 | 12,696,000 | 9,738,000 | 12,966,000 | 6,218,000 | 4,608,000 | 7,122,000 | 7,053,000 | 6,389,000 | 6,445,000 | 7,069,000 | 6,730,000 | 7,265,000 | 7,539,000 | 7,357,000 | 7,438,000 | 7,474,000 | 5,785,000 | 6,269,000 | ||||||||||||||||||
accrued compensation and employee benefits | 50,987,000 | 55,380,000 | 38,262,000 | 35,914,000 | 33,719,000 | 31,614,000 | 31,302,000 | 29,106,000 | 56,385,000 | 50,095,000 | 38,290,000 | 27,527,000 | 52,460,000 | 37,646,000 | 29,371,000 | 19,390,000 | 51,861,000 | 34,542,000 | 25,852,000 | 19,360,000 | 48,278,000 | 28,130,000 | 20,996,000 | 16,195,000 | 34,691,000 | 27,031,000 | 26,860,000 | 15,872,000 | 25,460,000 | 28,989,000 | 23,168,000 | 16,508,000 | 35,390,000 | 30,987,000 | 21,787,000 | 16,993,000 | 38,408,000 | 21,287,000 | 16,991,000 | 9,623,000 | 21,925,000 | ||
deferred revenue | 1,203,000 | 1,871,000 | 2,333,000 | 5,017,000 | 2,507,000 | 2,621,000 | 4,558,000 | 6,136,000 | 5,976,000 | 5,763,000 | 6,950,000 | 7,069,000 | 5,758,000 | 7,524,000 | 8,711,000 | 13,288,000 | 11,944,000 | 13,785,000 | 13,173,000 | 13,367,000 | 14,327,000 | 12,459,000 | 13,247,000 | 17,023,000 | 19,828,000 | 22,701,000 | 26,923,000 | 22,320,000 | 20,584,000 | 22,360,000 | 29,818,000 | 33,328,000 | 24,807,000 | 26,094,000 | 27,774,000 | 25,513,000 | 20,481,000 | 17,717,000 | 18,848,000 | 18,329,000 | 14,835,000 | 33,466,000 | 27,091,000 |
short-term debt | 5,118,000 | 172,119,000 | 171,793,000 | 171,467,000 | 991,000 | ||||||||||||||||||||||||||||||||||||||
reserve for claims and performance - based arrangements | 192,196,000 | 211,652,000 | 187,251,000 | 333,842,000 | 318,705,000 | 312,687,000 | 317,563,000 | 368,639,000 | 404,048,000 | 299,742,000 | 245,811,000 | 197,197,000 | 199,730,000 | 135,698,000 | 125,960,000 | 164,238,000 | 171,294,000 | 191,878,000 | 238,105,000 | 207,993,000 | |||||||||||||||||||||||
total current liabilities | 385,260,000 | 429,927,000 | 557,519,000 | 739,097,000 | 715,501,000 | 523,683,000 | 483,374,000 | 659,022,000 | 674,242,000 | 615,294,000 | 540,898,000 | 457,649,000 | 433,442,000 | 382,022,000 | 342,842,000 | 382,465,000 | 445,493,000 | 367,198,000 | 403,268,000 | 414,508,000 | 401,779,000 | 365,496,000 | 245,122,000 | 236,251,000 | 192,769,000 | 259,851,000 | 172,873,000 | 163,675,000 | 269,356,000 | 139,411,000 | 136,187,000 | 116,935,000 | 132,699,000 | 105,467,000 | 101,760,000 | 104,439,000 | 131,941,000 | 65,329,000 | 56,727,000 | 52,545,000 | 59,506,000 | 89,838,000 | 60,806,000 |
long-term debt | 970,537,000 | 1,054,822,000 | 648,455,000 | 647,532,000 | 490,520,000 | 599,668,000 | 598,784,000 | 597,901,000 | 597,049,000 | 599,947,000 | 633,013,000 | 632,277,000 | 412,986,000 | 412,444,000 | 283,138,000 | 282,598,000 | 215,676,000 | 211,063,000 | 206,550,000 | 202,132,000 | 263,343,000 | 285,213,000 | 299,746,000 | 296,676,000 | 293,667,000 | 227,996,000 | 225,642,000 | 223,320,000 | 221,041,000 | 122,082,000 | 121,853,000 | 121,623,000 | 121,394,000 | 121,164,000 | 120,935,000 | 120,706,000 | 120,283,000 | ||||||
other long-term liabilities | 8,012,000 | 3,784,000 | 3,787,000 | 3,269,000 | 2,984,000 | 3,247,000 | 3,431,000 | 3,568,000 | 3,637,000 | 3,978,000 | 4,273,000 | 4,473,000 | 4,744,000 | 4,260,000 | 4,619,000 | 4,999,000 | 5,531,000 | 9,474,000 | 9,784,000 | 10,269,000 | 22,209,000 | 20,207,000 | 10,101,000 | 7,664,000 | 11,732,000 | 6,553,000 | 10,423,000 | 10,490,000 | 17,090,000 | 10,885,000 | 10,666,000 | 11,368,000 | 9,861,000 | 9,982,000 | 10,024,000 | 14,091,000 | 14,655,000 | 7,997,000 | 7,972,000 | 7,927,000 | 111,000 | 67,000 | |
tax receivables agreement liability | 108,909,000 | 108,105,000 | 108,105,000 | 108,105,000 | 108,105,000 | 108,105,000 | 108,105,000 | 108,105,000 | 107,932,000 | 112,134,000 | |||||||||||||||||||||||||||||||||
operating lease liabilities - noncurrent | 3,818,000 | 4,433,000 | 8,411,000 | 15,585,000 | 24,969,000 | 29,318,000 | 30,789,000 | 32,469,000 | 38,009,000 | 39,650,000 | 56,576,000 | 54,274,000 | 56,010,000 | 57,840,000 | 58,581,000 | 56,354,000 | 57,722,000 | 57,283,000 | 58,618,000 | 60,292,000 | 62,526,000 | 64,738,000 | 66,975,000 | 60,961,000 | 68,858,000 | 70,560,000 | 70,796,000 | 57,197,000 | |||||||||||||||
deferred tax liabilities | 7,506,000 | 10,155,000 | 10,450,000 | 11,114,000 | 10,900,000 | 11,892,000 | 12,559,000 | 13,378,000 | 13,311,000 | 26,913,000 | 33,889,000 | 36,284,000 | 4,744,000 | 3,608,000 | 1,644,000 | 1,524,000 | 1,403,000 | 1,023,000 | 957,000 | 1,085,000 | 728,000 | 1,390,000 | 1,326,000 | 2,130,000 | 1,942,000 | 24,593,000 | 25,766,000 | 24,566,000 | 25,438,000 | 1,725,000 | 1,533,000 | 1,470,000 | 2,437,000 | 6,638,000 | 11,184,000 | 18,470,000 | 20,846,000 | 18,097,000 | 19,958,000 | 20,329,000 | 21,318,000 | 30,224,000 | 30,327,000 |
total liabilities | 1,484,042,000 | 1,611,226,000 | 1,336,727,000 | 1,524,702,000 | 1,352,979,000 | 1,275,913,000 | 1,237,042,000 | 1,414,443,000 | 1,434,180,000 | 1,397,916,000 | 1,380,783,000 | 1,297,091,000 | 957,876,000 | 903,044,000 | 690,824,000 | 727,940,000 | 725,825,000 | 646,041,000 | 679,177,000 | 688,286,000 | 750,585,000 | 737,044,000 | 623,270,000 | 603,682,000 | 568,968,000 | 589,553,000 | 505,500,000 | 479,248,000 | 532,925,000 | 274,103,000 | 270,239,000 | 251,396,000 | 266,391,000 | 243,251,000 | 243,903,000 | 257,706,000 | 287,725,000 | 91,423,000 | 84,657,000 | 80,801,000 | 80,935,000 | 120,129,000 | 91,133,000 |
mezzanine equity | |||||||||||||||||||||||||||||||||||||||||||
preferred class a common stock - 0.01 par value... | 228,800,000 | 193,228,000 | 190,173,000 | 187,166,000 | 184,206,000 | 181,294,000 | 178,427,000 | 175,606,000 | 172,829,000 | 170,625,000 | |||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||
class a common stock - 0.01 par value... | 1,176,000 | 1,176,000 | 1,175,000 | 1,174,000 | 1,166,000 | 1,166,000 | 1,163,000 | 1,162,000 | 1,154,000 | 1,148,000 | 1,131,000 | 1,125,000 | 1,015,000 | 1,012,000 | 916,000 | 916,000 | 908,000 | 874,000 | 872,000 | 868,000 | 859,000 | 858,000 | 855,000 | 855,000 | 846,000 | ||||||||||||||||||
additional paid-in-capital | 1,793,398,000 | 1,791,060,000 | 1,782,992,000 | 1,802,634,000 | 1,803,786,000 | 1,818,024,000 | 1,810,054,000 | 1,805,679,000 | 1,808,121,000 | 1,774,784,000 | 1,768,999,000 | 1,486,857,000 | 1,472,098,000 | 1,231,005,000 | 1,224,250,000 | 1,340,989,000 | 1,249,228,000 | 1,242,900,000 | 1,236,847,000 | 1,229,320,000 | 1,224,956,000 | 1,183,605,000 | 1,180,288,000 | 1,173,708,000 | 1,093,174,000 | 961,472,000 | 953,322,000 | 924,153,000 | 919,962,000 | 747,385,000 | 621,187,000 | 555,250,000 | 397,603,000 | 361,895,000 | 357,047,000 | 342,063,000 | 335,269,000 | 330,833,000 | |||||
accumulated other comprehensive loss | -2,624,000 | -2,376,000 | -1,707,000 | -1,729,000 | -1,753,000 | -1,367,000 | -1,355,000 | -1,308,000 | -1,257,000 | -1,114,000 | -1,122,000 | -1,178,000 | -1,044,000 | -782,000 | -494,000 | ||||||||||||||||||||||||||||
retained earnings | -1,315,327,000 | -886,196,000 | -865,332,000 | -845,435,000 | -780,817,000 | -758,015,000 | -734,878,000 | -736,474,000 | -719,194,000 | -606,154,000 | -594,805,000 | -596,928,000 | -592,340,000 | -626,779,000 | -621,132,000 | -608,092,000 | -598,985,000 | -589,178,000 | -574,553,000 | -537,205,000 | -333,684,000 | -251,962,000 | -53,866,000 | -28,345,000 | 3,270,000 | 50,009,000 | 66,696,000 | 79,125,000 | 89,041,000 | 85,952,000 | 99,111,000 | 111,699,000 | 128,605,000 | 146,617,000 | 164,024,000 | 175,232,000 | 183,876,000 | 306,688,000 | 310,807,000 | 322,787,000 | |||
treasury stock | -61,429,000 | -61,431,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | -21,123,000 | ||||||||||||||||||||||||
total shareholders’ equity | 415,194,000 | 896,005,000 | |||||||||||||||||||||||||||||||||||||||||
total liabilities, mezzanine equity and shareholders’ equity | 1,899,236,000 | 2,461,532,000 | |||||||||||||||||||||||||||||||||||||||||
assets held for sale - current | 20,963,000 | ||||||||||||||||||||||||||||||||||||||||||
assets held for sale - noncurrent | 73,674,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale - current | 4,891,000 | ||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||
restricted cash and restricted investments | 59,295,000 | 16,343,000 | 20,053,000 | 51,594,000 | 13,768,000 | 23,208,000 | 47,477,000 | 21,932,000 | 14,492,000 | 25,057,000 | 74,377,000 | 39,647,000 | 75,685,000 | 16,509,000 | 17,742,000 | 53,479,000 | 14,437,000 | 21,985,000 | 46,894,000 | 54,409,000 | 20,080,000 | 101,475,000 | 38,619,000 | 50,920,000 | 154,718,000 | 42,328,000 | 53,660,000 | 33,364,000 | 62,398,000 | 5,070,000 | 10,258,000 | 23,254,000 | 34,416,000 | ||||||||||
total shareholders' equity | 1,001,259,000 | 1,067,701,000 | 859,417,000 | 856,138,000 | 613,088,000 | 611,209,000 | 693,633,000 | 607,484,000 | 614,190,000 | 617,298,000 | 619,600,000 | 654,745,000 | 646,864,000 | 847,072,000 | 929,047,000 | 1,124,348,000 | 1,146,756,000 | 1,150,126,000 | 1,189,356,000 | 1,048,573,000 | 1,051,381,000 | 1,054,914,000 | 1,046,306,000 | 1,055,779,000 | 894,449,000 | 896,740,000 | |||||||||||||||||
total liabilities, mezzanine equity and shareholders' equity | 2,544,411,000 | 2,680,308,000 | |||||||||||||||||||||||||||||||||||||||||
investments in equity method investees | 4,895,000 | 4,867,000 | 4,254,000 | 4,112,000 | 4,475,000 | 5,222,000 | 3,831,000 | 3,679,000 | 5,458,000 | ||||||||||||||||||||||||||||||||||
tax receivable agreement liability | 112,134,000 | 112,134,000 | 45,950,000 | 42,870,000 | |||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 1,817,293,000 | 1,759,182,000 | 1,303,912,000 | 1,339,149,000 | 1,419,458,000 | 1,253,525,000 | 1,293,367,000 | 1,305,584,000 | 1,370,185,000 | 1,391,789,000 | 1,270,134,000 | 1,450,754,000 | 1,498,015,000 | 1,713,901,000 | 1,652,256,000 | 1,629,374,000 | 1,722,281,000 | 1,322,676,000 | 1,321,620,000 | 1,306,310,000 | 1,312,697,000 | 1,299,030,000 | 1,138,352,000 | 1,154,446,000 | 851,280,000 | 852,801,000 | 856,463,000 | ||||||||||||||||
current assets of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||
non-current assets of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||
short-term debt, net of discount | 26,704,000 | 26,655,000 | 26,606,000 | 26,557,000 | |||||||||||||||||||||||||||||||||||||||
current liabilities of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||
non-current liabilities from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -362,000 | -363,000 | -367,000 | -309,000 | -278,000 | -320,000 | -391,000 | -387,000 | -234,000 | -215,000 | -147,000 | -158,000 | -182,000 | -264,000 | -148,000 | ||||||||||||||||||||||||||||
investments in and advances to equity method investees | 5,004,000 | 9,788,000 | 4,909,000 | 6,498,000 | 7,473,000 | 100,216,000 | 75,074,000 | 122,618,000 | 55,528,000 | 59,167,000 | 6,188,000 | 6,276,000 | 5,672,000 | ||||||||||||||||||||||||||||||
prepaid expenses and other noncurrent assets, net of allowances | 6,218,000 | 5,832,000 | 7,450,000 | 6,437,000 | 5,801,000 | ||||||||||||||||||||||||||||||||||||||
investments, at amortized cost | 3,858,000 | 4,677,000 | 834,000 | 1,413,000 | 1,807,000 | 3,815,000 | 4,048,000 | 2,046,000 | 10,010,000 | 24,027,000 | 33,684,000 | 44,341,000 | 49,693,000 | 27,577,000 | 20,096,000 | 9,445,000 | 2,023,000 | ||||||||||||||||||||||||||
contract assets | 329,000 | 671,000 | 2,346,000 | 1,752,000 | 1,751,000 | 1,365,000 | 1,187,000 | 1,282,000 | 2,102,000 | 3,705,000 | 3,008,000 | 4,092,000 | |||||||||||||||||||||||||||||||
customer advance for regulatory capital requirements, net of allowances | 39,955,000 | 39,955,000 | |||||||||||||||||||||||||||||||||||||||||
reserve for claims and performance-based arrangements | 188,685,000 | 208,313,000 | 94,409,000 | 89,010,000 | 61,150,000 | 33,052,000 | 30,019,000 | ||||||||||||||||||||||||||||||||||||
total shareholders' equity attributable to evolent health, inc. | 619,600,000 | 629,818,000 | 646,864,000 | ||||||||||||||||||||||||||||||||||||||||
non-controlling interests | 24,927,000 | 6,689,000 | 15,888,000 | 16,078,000 | 50,100,000 | 45,532,000 | 10,008,000 | 10,148,000 | 11,772,000 | 35,427,000 | 35,932,000 | 34,680,000 | 146,269,000 | 209,588,000 | 197,629,000 | 230,416,000 | 234,138,000 | 285,238,000 | 289,386,000 | 294,494,000 | |||||||||||||||||||||||
total shareholders' equity (deficit) attributable to evolent health, inc. | 847,072,000 | 922,358,000 | 1,108,460,000 | 1,130,678,000 | 1,100,026,000 | 1,143,824,000 | 1,038,565,000 | 1,041,233,000 | 1,043,142,000 | 1,010,879,000 | 1,019,847,000 | 859,769,000 | 750,471,000 | 702,526,000 | 562,228,000 | 537,728,000 | 541,524,000 | 649,341,000 | 646,666,000 | 654,210,000 | |||||||||||||||||||||||
customer advance for regulatory capital requirements | 40,000,000 | 40,000,000 | 40,000,000 | ||||||||||||||||||||||||||||||||||||||||
class b common stock - 0.01 par value... | |||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities - current | 5,390,000 | 4,649,000 | 3,439,000 | ||||||||||||||||||||||||||||||||||||||||
reserves for claims and performance-based arrangements | 43,073,000 | ||||||||||||||||||||||||||||||||||||||||||
83,825,595 and 79,172,118 shares issued and outstanding as of september 30, 2019 and december 31, 2018, respectively | 838,000 | ||||||||||||||||||||||||||||||||||||||||||
706,273 and 3,190,301 shares issued and outstanding as of september 30, 2019 and december 31, 2018, respectively | 7,000 | ||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,161,696,000 | 1,158,325,000 | 1,096,089,000 | 971,341,000 | |||||||||||||||||||||||||||||||||||||||
83,814,852 and 79,172,118 shares issued and outstanding as of june 30, 2019 and december 31, 2018, respectively | 838,000 | ||||||||||||||||||||||||||||||||||||||||||
706,273 and 3,190,301 shares issued and outstanding as of june 30, 2019 and december 31, 2018, respectively | 7,000 | ||||||||||||||||||||||||||||||||||||||||||
79,428,728 and 79,172,118 shares issued and outstanding as of march 31, 2019 and december 31, 2018, respectively | 794,000 | ||||||||||||||||||||||||||||||||||||||||||
3,190,301 shares issued and outstanding as of march 31, 2019 and december 31, 2018 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||
notes receivable | 6,000,000 | 12,000,000 | 16,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||||||||||
prepaid expenses and other noncurrent assets (amounts related to affiliates: 2018 - 2,500; 2017 - 0 | 15,028,000 | ||||||||||||||||||||||||||||||||||||||||||
claims reserves | 27,595,000 | 10,338,000 | 9,466,000 | 6,699,000 | |||||||||||||||||||||||||||||||||||||||
79,172,118 and 74,723,597 shares issued and outstanding as of december 31, 2018 and 2017, respectively | 792,000 | ||||||||||||||||||||||||||||||||||||||||||
3,190,301 and 2,653,544 shares issued and outstanding as of december 31, 2018 and 2017, respectively | 31,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of september 30, 2018, and december 31, 2017, respectively | 784,000 | ||||||||||||||||||||||||||||||||||||||||||
investments in and advances to affiliates | 4,246,000 | 5,521,000 | 1,531,000 | 712,000 | 1,081,000 | 1,636,000 | 2,159,000 | 2,538,000 | 2,986,000 | ||||||||||||||||||||||||||||||||||
prepaid expenses and other non-current assets | 11,838,000 | 10,045,000 | 9,328,000 | 9,364,000 | 9,483,000 | 9,782,000 | 10,043,000 | 12,118,000 | 9,859,000 | 10,127,000 | |||||||||||||||||||||||||||||||||
shares issued and outstanding as of june 30, 2018, and december 31, 2017, respectively | 776,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of march 31, 2018, and december 31, 2017, respectively | 770,000 | ||||||||||||||||||||||||||||||||||||||||||
74,723,597 and 52,586,899 shares issued and outstanding as of december 31, 2017 and 2016, respectively | 747,000 | ||||||||||||||||||||||||||||||||||||||||||
2,653,544 and 15,346,981 shares issued and outstanding as of december 31, 2017 and 2016, respectively | 27,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of september 30, 2017, and december 31, 2016, respectively | 747,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of june 30, 2017, and december 31, 2016, respectively | 658,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of march 31, 2017, and december 31, 2016, respectively | 570,000 | ||||||||||||||||||||||||||||||||||||||||||
52,586,899 and 41,491,498 shares issued and outstanding as of december 31, 2016 and 2015, respectively | 506,000 | ||||||||||||||||||||||||||||||||||||||||||
15,346,981 and 17,524,596 shares issued and outstanding as of december 31, 2016 and 2015, respectively | 153,000 | ||||||||||||||||||||||||||||||||||||||||||
total equity | 912,114,000 | 759,857,000 | 768,144,000 | 775,662,000 | 934,579,000 | 936,052,000 | 948,704,000 | ||||||||||||||||||||||||||||||||||||
total liabilities, redeemable preferred stock and shareholders' equity | 1,199,839,000 | 1,015,514,000 | 1,056,181,000 | 1,039,837,000 | |||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of september 30, 2016, and december 31, 2015, respectively | 448,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of june 30, 2016, and december 31, 2015, respectively | 426,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of june 30, 2016, and december 31, 2015 | 175,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of march 31, 2016, and december 31, 2015, respectively | 426,000 | ||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding as of march 31, 2016, and december 31, 2015 | 175,000 | ||||||||||||||||||||||||||||||||||||||||||
equity method investment | |||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable preferred stock and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||
redeemable preferred stock | |||||||||||||||||||||||||||||||||||||||||||
series a redeemable preferred stock - zero and 7,900,000 shares authorized, issued and outstanding as of december 31, 2015 and | |||||||||||||||||||||||||||||||||||||||||||
2014, respectively; liquidation value of zero and 25,018 as of december 31, 2015 and 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock - zero and 6,467,376 shares authorized, issued and outstanding as of december 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||
2014, respectively; liquidation value of zero and 27,359 as of december 31, 2015 and 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
series b-1 redeemable preferred stock - zero and 1,953,124 shares authorized as of december 31, 2015 and 2014, respectively; | |||||||||||||||||||||||||||||||||||||||||||
zero and 360,420 shares issued and outstanding as of december 31, 2015 and 2014, respectively; liquidation value of zero | |||||||||||||||||||||||||||||||||||||||||||
and 1,478 as of december 31, 2015 and 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
total redeemable preferred stock | |||||||||||||||||||||||||||||||||||||||||||
series a preferred stock - 0.001 par value... | |||||||||||||||||||||||||||||||||||||||||||
zero and 7,400,000 shares issued and outstanding as of december 31, 2015 and 2014, respectively; liquidation value of zero | |||||||||||||||||||||||||||||||||||||||||||
and 23,200 as of december 31, 2015 and 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
respectively; 41,491,498 and 4,047,484 shares issued and outstanding as of december 31, 2015 and 2014, respectively | 415,000 | ||||||||||||||||||||||||||||||||||||||||||
17,524,596 and zero shares issued and outstanding as of december 31, 2015 and 2014, respectively | 175,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 658,000 | 658,000 | |||||||||||||||||||||||||||||||||||||||||
other non-current assets | 82,000 | 151,000 | |||||||||||||||||||||||||||||||||||||||||
investment payable | 22,048,000 | ||||||||||||||||||||||||||||||||||||||||||
series a redeemable preferred stock - zero and 7,900,000 shares authorized, issued and outstanding as of september 30, 2015, and | |||||||||||||||||||||||||||||||||||||||||||
december 31, 2014, respectively; liquidation value of zero and 25,018 as of september 30, 2015, and december 31, 2014, | |||||||||||||||||||||||||||||||||||||||||||
respectively | |||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock - zero and 6,467,376 shares authorized, issued and outstanding as of september 30, 2015, and | |||||||||||||||||||||||||||||||||||||||||||
december 31, 2014, respectively; liquidation value of zero and 27,359 as of september 30, 2015, and december 31, 2014, | |||||||||||||||||||||||||||||||||||||||||||
series b-1 redeemable preferred stock - zero and 1,953,124 shares authorized as of september 30, 2015, and december 31, 2014, | |||||||||||||||||||||||||||||||||||||||||||
respectively; zero and 360,420 shares issued and outstanding as of september 30, 2015, and december 31, 2014, respectively; | |||||||||||||||||||||||||||||||||||||||||||
liquidation value of zero and 1,478 as of september 30, 2015, and december 31, 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
2014, respectively; zero and 7,400,000 shares issued and outstanding as of september 30, 2015, and december 31, 2014, | |||||||||||||||||||||||||||||||||||||||||||
respectively; liquidation value of zero and 23,200 as of september 30, 2015, and december 31, 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
december 31, 2014, respectively; 41,475,498 and 4,047,484 shares issued and outstanding as of september 30, 2015, and | |||||||||||||||||||||||||||||||||||||||||||
december 31, 2014, respectively | 415,000 | ||||||||||||||||||||||||||||||||||||||||||
2014, respectively; 17,524,596 and zero shares issued and outstanding as of september 30, 2015, and december 31, 2014, | |||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 94,000 | ||||||||||||||||||||||||||||||||||||||||||
series a redeemable preferred stock - zero and 7,900,000 shares authorized, issued and outstanding as of june 30, 2015, and | |||||||||||||||||||||||||||||||||||||||||||
and december 31, 2014, respectively; liquidation value of zero and 25,018 as of june 30, 2015, and december 31, 2014, | |||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock - zero and 6,467,376 shares authorized, issued and outstanding as of june 30, 2015, and | |||||||||||||||||||||||||||||||||||||||||||
december 31, 2014, respectively; liquidation value of zero and 27,359 as of june 30, 2015, and december 31, 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
series b-1 redeemable preferred stock - zero and 1,953,124 shares authorized as of june 30, 2015, and december 31, 2014, | |||||||||||||||||||||||||||||||||||||||||||
respectively; zero and 360,420 shares issued and outstanding as of june 30, 2015, and december 31, 2014, respectively; | |||||||||||||||||||||||||||||||||||||||||||
liquidation value of zero and 1,478 as of june 30, 2015, and december 31, 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
respectively; zero and 7,400,000 shares issued and outstanding as of june 30, 2015, and december 31, 2014; liquidation value of | |||||||||||||||||||||||||||||||||||||||||||
zero and 23,200 as of june 30, 2015, and december 31, 2014, respectively | |||||||||||||||||||||||||||||||||||||||||||
2014, respectively; 41,461,748 and 4,047,484 shares issued and outstanding as of june 30, 2015, and december 31, 2014, | |||||||||||||||||||||||||||||||||||||||||||
respectively; 17,524,596 and zero shares issued and outstanding as of june 30, 2015, and december 31, 2014, respectively | 175,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2016-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||
loss before preferred dividends and accretion of series a preferred stock including excise tax | -429,131,000 | ||||||||||||||||||||||||
adjustments to reconcile net loss to net cash and restricted cash from operating activities: | |||||||||||||||||||||||||
change in fair value of contingent consideration | 4,658,000 | -1,089,000 | 3,206,000 | -280,000 | -4,200,000 | 200,000 | 0 | 8,908,000 | 5,937,000 | 11,300,000 | -7,822,000 | 8,569,000 | -17,700,000 | -12,700,000 | 800,000 | 6,078,000 | |||||||||
loss on disposal of non-strategic assets | |||||||||||||||||||||||||
loss from equity method investees | -31,000 | -156,000 | -197,000 | 19,000 | -182,000 | 2,229,000 | -454,000 | -63,000 | -4,879,000 | -7,783,000 | |||||||||||||||
extinguishment of series a preferred stock and other refinancing fees | 0 | ||||||||||||||||||||||||
loss on option exercise | 0 | 0 | 196,000 | 52,348,000 | |||||||||||||||||||||
depreciation and amortization expenses | 45,037,000 | 23,615,000 | 23,141,000 | 24,058,000 | 29,296,000 | 29,701,000 | 29,870,000 | 29,503,000 | 29,602,000 | 32,404,000 | 32,134,000 | 29,275,000 | 19,781,000 | 17,196,000 | 15,112,000 | 15,106,000 | 14,915,000 | 14,859,000 | 14,916,000 | 15,347,000 | 14,865,000 | 14,694,000 | 15,778,000 | 16,138,000 | 6,983,000 |
stock-based compensation expense | 2,396,000 | 14,682,000 | 11,580,000 | 11,081,000 | -6,115,000 | 14,416,000 | 12,659,000 | 18,786,000 | 10,603,000 | 10,222,000 | 8,966,000 | 10,710,000 | 14,631,000 | 6,992,000 | 7,012,000 | 5,346,000 | 4,957,000 | 4,395,000 | 3,653,000 | 3,706,000 | 4,231,000 | 3,164,000 | 3,703,000 | 3,508,000 | 9,513,000 |
deferred tax benefit | -1,073,000 | -15,058,000 | 777,000 | 119,000 | -950,000 | 58,000 | |||||||||||||||||||
amortization of contract cost assets | 1,090,000 | 3,181,000 | 1,286,000 | 1,237,000 | 1,194,000 | 1,285,000 | 1,114,000 | 1,205,000 | 2,939,000 | 2,333,000 | 3,382,000 | 2,290,000 | 8,288,000 | 1,582,000 | 1,497,000 | 11,689,000 | 3,113,000 | 1,617,000 | 5,256,000 | 3,055,000 | 5,258,000 | 5,665,000 | 4,658,000 | 5,614,000 | |
amortization of deferred financing costs | 3,042,000 | 2,359,000 | 1,249,000 | 1,154,000 | 897,000 | 885,000 | 883,000 | 882,000 | 900,000 | 997,000 | 1,004,000 | 911,000 | 540,000 | 683,000 | 540,000 | 539,000 | 4,646,000 | 4,562,000 | 4,467,000 | 4,370,000 | 4,687,000 | 4,014,000 | 3,070,000 | 3,009,000 | |
goodwill impairment | 0 | 0 | 160,600,000 | ||||||||||||||||||||||
loss on extinguishment/repayment of debt | 0 | ||||||||||||||||||||||||
right-of-use asset impairment | 0 | 0 | |||||||||||||||||||||||
loss on lease termination | 0 | -1,230,000 | 0 | 1,906,000 | |||||||||||||||||||||
change in tax receivables agreement liability | 0 | 0 | 0 | 173,000 | -4,202,000 | ||||||||||||||||||||
right-of-use operating assets | 464,000 | 505,000 | 384,000 | 408,000 | 522,000 | 799,000 | 747,000 | 1,193,000 | 5,496,000 | 9,982,000 | -3,473,000 | 4,620,000 | 1,669,000 | 1,500,000 | -2,387,000 | 1,718,000 | 2,436,000 | 1,787,000 | 1,781,000 | 2,840,000 | 2,441,000 | 5,873,000 | -3,075,000 | 6,695,000 | |
other current operating cash inflows (outflows) | 2,000 | 0 | 449,000 | 1,471,000 | 1,049,000 | -357,000 | 935,000 | 1,585,000 | -300,000 | 524,000 | |||||||||||||||
changes in assets and liabilities, net of acquisitions: | |||||||||||||||||||||||||
accounts receivable, net and contract assets | 66,339,000 | -48,561,000 | 71,740,000 | -15,815,000 | -6,782,000 | -34,177,000 | 54,012,000 | 19,009,000 | -52,517,000 | -49,040,000 | -82,969,000 | 19,832,000 | -68,184,000 | -47,838,000 | 59,341,000 | -46,299,000 | 47,099,000 | 67,188,000 | -56,833,000 | -63,233,000 | -31,352,000 | 8,281,000 | 12,703,000 | -36,649,000 | |
prepaid expenses and other current and non-current assets | 4,600,000 | 2,191,000 | 5,926,000 | -7,729,000 | -3,241,000 | 1,816,000 | -1,231,000 | 7,166,000 | 5,781,000 | 4,748,000 | -7,384,000 | -13,758,000 | 4,082,000 | 6,044,000 | -2,382,000 | -6,071,000 | 5,739,000 | 3,299,000 | -4,476,000 | 1,037,000 | |||||
contract cost assets | -3,467,000 | -1,837,000 | -456,000 | -1,193,000 | -1,369,000 | -1,068,000 | -2,063,000 | -1,556,000 | -1,644,000 | -1,099,000 | -1,533,000 | -1,326,000 | -961,000 | -3,448,000 | -2,178,000 | -1,106,000 | -10,540,000 | -4,448,000 | -2,301,000 | -1,690,000 | -3,454,000 | -2,443,000 | -2,177,000 | -3,326,000 | |
accounts payable | -14,862,000 | 3,312,000 | 14,925,000 | 3,264,000 | 2,988,000 | 16,590,000 | -6,909,000 | -8,421,000 | 5,905,000 | 104,000 | 853,000 | -13,585,000 | 7,229,000 | 6,759,000 | -1,249,000 | 426,000 | -914,000 | -1,740,000 | 509,000 | 9,395,000 | 3,941,000 | -12,084,000 | 622,000 | 11,068,000 | -2,975,000 |
accrued liabilities | 7,356,000 | 1,468,000 | 13,012,000 | -18,879,000 | -41,846,000 | 18,138,000 | -11,125,000 | 10,635,000 | -3,884,000 | 15,593,000 | 7,159,000 | 4,785,000 | -888,000 | -3,077,000 | -27,046,000 | 2,220,000 | 13,569,000 | 3,832,000 | -8,027,000 | -9,698,000 | 2,537,000 | 2,193,000 | 4,749,000 | -678,000 | 2,524,000 |
operating lease liabilities | -3,214,000 | -9,014,000 | -18,153,000 | -2,820,000 | -2,774,000 | -1,521,000 | -8,106,000 | -2,582,000 | -4,941,000 | -10,094,000 | 3,912,000 | -4,250,000 | -1,760,000 | -1,402,000 | 2,171,000 | -1,992,000 | -1,933,000 | -1,870,000 | -1,948,000 | -771,000 | -2,292,000 | -2,273,000 | 7,703,000 | -5,920,000 | |
accrued compensation and employee benefits | -4,393,000 | 17,118,000 | 2,348,000 | 2,195,000 | 2,105,000 | 285,000 | 2,214,000 | -27,279,000 | 6,755,000 | 11,836,000 | 10,758,000 | -31,401,000 | 14,898,000 | 7,928,000 | 10,056,000 | -32,435,000 | 16,349,000 | 8,694,000 | 6,509,000 | -28,014,000 | 15,793,000 | 5,468,000 | 8,025,000 | -18,143,000 | -4,934,000 |
deferred revenue | -668,000 | -462,000 | -2,684,000 | 2,510,000 | -114,000 | -1,937,000 | -1,578,000 | 160,000 | -127,000 | -1,186,000 | -119,000 | 1,169,000 | -1,767,000 | -1,508,000 | -4,577,000 | 1,344,000 | -3,842,000 | 613,000 | -194,000 | 2,684,000 | 1,868,000 | -4,411,000 | -3,777,000 | -2,623,000 | 4,013,000 |
reserve for claims and performance-based arrangements | -19,456,000 | 24,401,000 | -146,591,000 | 15,137,000 | 6,018,000 | -4,876,000 | -51,076,000 | -35,409,000 | 104,306,000 | 53,931,000 | 48,614,000 | -2,533,000 | 64,032,000 | 9,738,000 | -38,278,000 | -7,056,000 | -20,583,000 | -45,830,000 | 30,113,000 | 32,501,000 | -19,629,000 | -49,738,000 | 5,399,000 | 27,860,000 | |
other long-term liabilities | 4,228,000 | -3,000 | 518,000 | 285,000 | -263,000 | -189,000 | -136,000 | -65,000 | 0 | -282,000 | -200,000 | -277,000 | -523,000 | -326,000 | -344,000 | -514,000 | -3,942,000 | -310,000 | -407,000 | 1,925,000 | 3,758,000 | 3,935,000 | 380,000 | 93,000 | 91,000 |
net cash and restricted cash from operating activities | 48,800,000 | 15,812,000 | -30,334,000 | 4,565,000 | -26,231,000 | 18,670,000 | 21,417,000 | 4,909,000 | 89,381,000 | 60,521,000 | 654,000 | -7,974,000 | 35,695,000 | -3,470,000 | 13,664,000 | -57,442,000 | 66,656,000 | 44,501,000 | -24,247,000 | -48,163,000 | -12,851,000 | -20,499,000 | 37,666,000 | -20,541,000 | |
cash flows from investing activities | |||||||||||||||||||||||||
cash paid for asset acquisitions and business combinations | -1,398,000 | 2,000 | -51,549,000 | -4,498,000 | -13,778,000 | -11,000,000 | -4,562,000 | -1,385,000 | 0 | 0 | -1,522,000 | -386,724,000 | -3,090,000 | -235,951,000 | -9,000,000 | -70,000 | |||||||||
proceeds from disposal of non-strategic assets | |||||||||||||||||||||||||
return of equity method investments | 0 | 198,000 | 0 | 0 | 0 | 71,000 | 13,000 | 786,000 | 1,377,000 | 0 | 1,800,000 | 2,375,000 | 0 | 4,846,000 | 0 | 9,372,000 | |||||||||
purchases of investments and contributions to equity method investees | 0 | 0 | -1,000 | -2,440,000 | |||||||||||||||||||||
investments in internal-use software and purchases of property and equipment | -7,761,000 | -8,962,000 | -8,770,000 | -8,595,000 | -6,151,000 | -6,289,000 | -7,106,000 | -5,347,000 | -6,052,000 | -6,793,000 | -6,845,000 | -9,055,000 | -10,743,000 | -9,874,000 | -9,236,000 | -8,508,000 | -7,244,000 | -6,227,000 | -5,571,000 | -5,941,000 | -5,859,000 | -6,159,000 | -10,055,000 | -7,400,000 | |
net cash and restricted cash from investing activities | 82,153,000 | -8,762,000 | -60,531,000 | -13,093,000 | -19,930,000 | -19,729,000 | -13,541,000 | -9,732,000 | -6,052,000 | -6,145,000 | -8,354,000 | -394,993,000 | -4,456,000 | -254,989,000 | -16,436,000 | 16,766,000 | -54,368,000 | -1,798,000 | -5,571,000 | 45,951,000 | -2,225,000 | 281,679,000 | -7,575,000 | -10,807,000 | |
cash flows from financing activities | |||||||||||||||||||||||||
changes in working capital balances related to claims processing | 2,444,000 | -578,000 | -3,278,000 | -41,476,000 | 42,953,000 | -5,525,000 | -31,411,000 | 37,520,000 | |||||||||||||||||
payment of contingent consideration | 0 | -750,000 | 0 | 0 | -66,600,000 | -3,755,000 | |||||||||||||||||||
proceeds from stock option exercises | -1,000 | 2,343,000 | 61,000 | 1,058,000 | 3,336,000 | 4,529,000 | 3,073,000 | 1,581,000 | 1,172,000 | 2,971,000 | 0 | 309,000 | 1,723,000 | 2,190,000 | 2,858,000 | 6,518,000 | 442,000 | 84,000 | 114,000 | ||||||
proceeds from issuance of preferred stock, net of offering costs | 0 | 0 | 0 | 168,000,000 | |||||||||||||||||||||
proceeds from issuance of long-term debt, net of offering costs | 18,307,000 | 168,740,000 | 0 | 221,000,000 | 59,105,000 | 0 | 0 | -529,000 | 391,431,000 | 0 | -267,000 | 256,330,000 | |||||||||||||
repayment of debt | |||||||||||||||||||||||||
repurchase of common stock | 0 | ||||||||||||||||||||||||
payment of preferred dividends | 0 | -1,929,000 | -4,621,000 | -4,577,000 | -4,806,000 | -5,134,000 | -5,067,000 | -5,078,000 | -5,162,000 | -5,096,000 | -4,884,000 | -3,651,000 | |||||||||||||
taxes withheld and paid for vesting of equity awards | -58,000 | -547,000 | -28,000 | -4,593,000 | -309,000 | -692,000 | -364,000 | -14,334,000 | -944,000 | -1,603,000 | -138,000 | -12,607,000 | -899,000 | -948,000 | -257,000 | -16,214,000 | |||||||||
net cash and restricted cash from financing activities | -93,036,000 | -41,815,000 | -8,927,000 | 107,854,000 | 96,942,000 | -9,008,000 | -103,381,000 | 14,882,000 | -84,352,000 | -37,367,000 | 23,330,000 | 379,729,000 | -10,854,000 | 173,081,000 | 20,690,000 | -51,376,000 | 60,898,000 | 641,000 | -35,503,000 | -55,584,000 | |||||
effect of exchange rate on cash and cash equivalents and restricted cash | -225,000 | -201,000 | -83,000 | 23,000 | -136,000 | -31,000 | -24,000 | -38,000 | -18,000 | -110,000 | -1,000 | 50,000 | -45,000 | -237,000 | -271,000 | -104,000 | 1,000 | 1,000 | -55,000 | 1,000 | 41,000 | ||||
net increase in cash and cash equivalents and restricted cash | 99,349,000 | 50,645,000 | 10,021,000 | -1,041,000 | 73,187,000 | 43,345,000 | -65,376,000 | -57,795,000 | |||||||||||||||||
cash and cash equivalents and restricted cash as of beginning-of-period | 0 | 0 | 0 | 178,496,000 | 0 | 0 | 0 | 223,457,000 | 0 | 0 | 0 | 215,158,000 | 0 | 0 | 0 | 354,942,000 | 0 | 0 | 17,000 | 361,564,000 | |||||
cash and cash equivalents and restricted cash as of end-of-period | 37,692,000 | -34,966,000 | -99,875,000 | 277,845,000 | 50,645,000 | -10,098,000 | -95,529,000 | 233,478,000 | -1,041,000 | 16,899,000 | 15,629,000 | 191,970,000 | 20,340,000 | -85,615,000 | 17,647,000 | 262,786,000 | 73,187,000 | 43,345,000 | -65,359,000 | 303,769,000 | |||||
gain on extinguishment of short-term debt | |||||||||||||||||||||||||
deferred tax expense | 627,000 | -865,000 | 295,000 | ||||||||||||||||||||||
repayment of long-term debt | -166,755,000 | 0 | -62,500,000 | -416,701,000 | -10,000,000 | 0 | -37,500,000 | ||||||||||||||||||
net decrease in cash and cash equivalents and restricted cash | -34,966,000 | 15,629,000 | -23,188,000 | 20,340,000 | -85,615,000 | 17,647,000 | -92,156,000 | ||||||||||||||||||
net loss before preferred dividends and accretion of series a preferred stock | -19,897,000 | -64,618,000 | -22,802,000 | -23,137,000 | 1,596,000 | -17,280,000 | |||||||||||||||||||
extinguishment of series a preferred stock | |||||||||||||||||||||||||
loss on discontinued operations | 0 | 0 | |||||||||||||||||||||||
proceeds from transfer of membership and release of passport escrow | 8,000,000 | 0 | 0 | 22,969,000 | 0 | 0 | 0 | 42,996,000 | |||||||||||||||||
disposal of non-strategic assets and divestiture of discontinued operations | 0 | 0 | 0 | 0 | 0 | 3,490,000 | |||||||||||||||||||
distributions to sponsors | 0 | 0 | -13,784,000 | -1,100,000 | 0 | 0 | |||||||||||||||||||
deferred tax provision | -1,160,000 | 181,000 | -2,291,000 | -68,728,000 | 604,000 | -132,000 | -20,000 | -209,000 | -59,000 | -1,360,000 | |||||||||||||||
other current operating cash outflows | 6,000 | 6,000 | -51,000 | -140,000 | 76,000 | -56,000 | 1,443,000 | -663,000 | -66,000 | ||||||||||||||||
gain from equity method investees | -306,000 | -28,000 | -684,000 | -155,000 | -423,000 | -629,000 | -1,392,000 | -1,952,000 | -596,000 | ||||||||||||||||
purchases of investments | -3,000,000 | -1,000 | 0 | 0 | -2,994,000 | -2,000 | -9,721,000 | -109,000 | -1,338,000 | ||||||||||||||||
net loss before dividends declared and accretion of series a preferred stock | -33,411,000 | -25,324,000 | -34,323,000 | -19,982,000 | |||||||||||||||||||||
gain on transfer of membership | -22,969,000 | 0 | 0 | -22,969,000 | |||||||||||||||||||||
maturities and sales of investments | 0 | 0 | 0 | 500,000 | 2,536,000 | 618,000 | 2,100,000 | ||||||||||||||||||
changes in working capital balances related to claims processing on behalf of partners | -9,439,000 | -25,197,000 | 25,546,000 | 7,576,000 | -11,127,000 | -48,682,000 | 34,731,000 | -34,371,000 | 60,057,000 | -1,294,000 | -36,606,000 | 39,005,000 | -3,832,000 | -28,927,000 | -6,963,000 | 33,678,000 | |||||||||
repayment and repurchase of 2021 notes and financing fees | |||||||||||||||||||||||||
loss on disposal of assets | 8,690,000 | 0 | 0 | -1,904,000 | 6,447,000 | ||||||||||||||||||||
change in tax receivable agreement liability | 0 | 66,184,000 | 3,080,000 | ||||||||||||||||||||||
net loss | -11,349,000 | 2,123,000 | -4,588,000 | -5,350,000 | -5,647,000 | -13,040,000 | -9,107,000 | -9,807,000 | |||||||||||||||||
impairment of equity method investees | |||||||||||||||||||||||||
loan for implementation funding | 0 | 0 | -400,000 | ||||||||||||||||||||||
impact to cash and cash equivalents and restricted cash from initial consolidation | |||||||||||||||||||||||||
other investing activities | |||||||||||||||||||||||||
repayment of credit agreement including settlement of warrants | |||||||||||||||||||||||||
proceeds from issuance of long term debt, net of offering costs | |||||||||||||||||||||||||
loss on repayment of debt | 2,185,000 | 0 | 0 | 19,158,000 | |||||||||||||||||||||
gain on discontinued operations | |||||||||||||||||||||||||
unrealized loss on investments | |||||||||||||||||||||||||
repayment and termination of credit agreement including settlement of warrants | |||||||||||||||||||||||||
change in fair value of contingent consideration and indemnification asset | 14,100,000 | -225,000 | 0 | -594,000 | 4,352,000 | 2,570,000 | 756,000 | -3,818,000 | |||||||||||||||||
impairment of equity method investments | |||||||||||||||||||||||||
interest from customer advance for regulatory capital requirements | -81,000 | -81,000 | -472,000 | -666,000 | -650,000 | ||||||||||||||||||||
customer advance for regulatory capital requirements | |||||||||||||||||||||||||
investments in equity method investees | |||||||||||||||||||||||||
amount received from escrow in asset acquisition | |||||||||||||||||||||||||
issuance of warrant liability | |||||||||||||||||||||||||
taxes withheld and paid for vesting of restricted stock units | -453,000 | -255,000 | -455,000 | -2,687,000 | -143,000 | -1,188,000 | |||||||||||||||||||
cash paid for asset acquisitions | -417,000 | 0 | -1,472,000 | ||||||||||||||||||||||
repayment and termination of credit agreement including settlement of warrants. | 0 | 0 | -98,420,000 | ||||||||||||||||||||||
proceeds from issuance of 2024 notes, net of offering costs | |||||||||||||||||||||||||
repurchase of 2021 notes and financing fees | |||||||||||||||||||||||||
bad debt expense | 2,407,000 | ||||||||||||||||||||||||
principal repayment of implementation funding loan and regulatory and capital requirements | |||||||||||||||||||||||||
loss on disposal of assets and consolidation | |||||||||||||||||||||||||
loss on extinguishment of debt | 0 | ||||||||||||||||||||||||
prepaid expenses and other current and noncurrent assets | -1,773,000 | 13,025,000 | -5,371,000 | 1,459,000 | |||||||||||||||||||||
cash paid for asset acquisitions or business combinations | |||||||||||||||||||||||||
disposal of non-strategic assets | 0 | 0 | 0 | -2,287,000 | |||||||||||||||||||||
investments in and advances to equity method investees | |||||||||||||||||||||||||
impact to cash and cash equivalents and restricted cash from initial consolidation of passport | |||||||||||||||||||||||||
purchase and maturities of restricted investments | 0 | -2,000 | |||||||||||||||||||||||
repurchase of 2021 notes and lender fees | |||||||||||||||||||||||||
cash flows used in operating activities | |||||||||||||||||||||||||
net income | -38,170,000 | -203,521,000 | -78,752,000 | -186,278,000 | |||||||||||||||||||||
adjustments to reconcile net income to net cash and restricted cash from operating activities: | |||||||||||||||||||||||||
gain on disposal of assets | 0 | ||||||||||||||||||||||||
(gain) income from equity method investees | |||||||||||||||||||||||||
equity method investments impairment | 0 | 0 | 47,133,000 | ||||||||||||||||||||||
cash flows from (used in) investing activities | |||||||||||||||||||||||||
cash flows from (used in) financing activities | |||||||||||||||||||||||||
deferred financing costs related to 2025 notes | |||||||||||||||||||||||||
cash flows from (used in) operating activities | |||||||||||||||||||||||||
(income) income from equity method investees | |||||||||||||||||||||||||
cash flows used in investing activities | |||||||||||||||||||||||||
maturities of investments | |||||||||||||||||||||||||
cash flows (used in) from financing activities | |||||||||||||||||||||||||
income from equity method investees | 412,000 | ||||||||||||||||||||||||
net cash and restricted cash (used in) from financing activities | 32,574,000 | ||||||||||||||||||||||||
investments in and purchases of property and equipment | |||||||||||||||||||||||||
proceeds from issuance of common stock, net of stock issuance costs | |||||||||||||||||||||||||
change in warrant liability | |||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of issuance costs | |||||||||||||||||||||||||
adjustments to reconcile net income to net cash and restricted cash | |||||||||||||||||||||||||
provided by operating activities: | |||||||||||||||||||||||||
(gain) loss on disposal of assets | |||||||||||||||||||||||||
non-cash interest income | |||||||||||||||||||||||||
other | 276,000 | ||||||||||||||||||||||||
accounts receivables, net and contract assets | |||||||||||||||||||||||||
reserves for claims and performance-based arrangements | |||||||||||||||||||||||||
rou operating assets | |||||||||||||||||||||||||
principal repayment of implementation funding loan and regulatory capital requirements | |||||||||||||||||||||||||
purchases of restricted investments | |||||||||||||||||||||||||
maturities of restricted investments | |||||||||||||||||||||||||
principal repayment of implementation funding loan | |||||||||||||||||||||||||
income from lease abandonment | |||||||||||||||||||||||||
acceleration of unvested equity awards for valence health employees | |||||||||||||||||||||||||
claims reserves | |||||||||||||||||||||||||
proceeds from issuance of convertible notes, net of issuance costs | |||||||||||||||||||||||||
accounts receivables | -9,956,000 | ||||||||||||||||||||||||
contract assets | |||||||||||||||||||||||||
principal repayment for implementation funding loan | |||||||||||||||||||||||||
purchases of property and equipment | -7,260,000 | ||||||||||||||||||||||||
purchases and maturities of restricted investments | |||||||||||||||||||||||||
change in restricted cash held on behalf of partners for claims processing | |||||||||||||||||||||||||
(income) income from affiliates | |||||||||||||||||||||||||
impact of lease termination | |||||||||||||||||||||||||
accretion of bond premium | |||||||||||||||||||||||||
investments in and advances to affiliates | |||||||||||||||||||||||||
income from affiliates | |||||||||||||||||||||||||
contract cost amortization | |||||||||||||||||||||||||
accretion of bond premium/discounts | |||||||||||||||||||||||||
amount received from vestica healthcare llc escrow | |||||||||||||||||||||||||
gain on consolidation | |||||||||||||||||||||||||
change in fair value of contingent liability | |||||||||||||||||||||||||
prepaid expenses and other assets | |||||||||||||||||||||||||
other liabilities | |||||||||||||||||||||||||
cash acquired upon consolidation of affiliate | |||||||||||||||||||||||||
cash paid for asset acquisition or business combination | |||||||||||||||||||||||||
purchase of restricted investments | |||||||||||||||||||||||||
payments of deferred offering costs | |||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||
undistributed losses from affiliates | |||||||||||||||||||||||||
prepaid expenses and other current assets | -429,000 | ||||||||||||||||||||||||
accounts payable, net of change in restricted cash and restricted investments | |||||||||||||||||||||||||
net cash from operating activities | -21,918,000 | ||||||||||||||||||||||||
capital expenditures | -7,260,000 | ||||||||||||||||||||||||
free cash flows | -29,178,000 | ||||||||||||||||||||||||
change in restricted cash and restricted investments | |||||||||||||||||||||||||
net cash from investing activities | -18,466,000 | ||||||||||||||||||||||||
net cash from financing activities | -204,000 | ||||||||||||||||||||||||
net increase in cash and cash equivalents | -40,588,000 | ||||||||||||||||||||||||
cash and cash equivalents as of beginning-of-period | 145,726,000 | ||||||||||||||||||||||||
cash and cash equivalents as of end-of-period | 105,138,000 | ||||||||||||||||||||||||
loss on change in fair value of contingent consideration | |||||||||||||||||||||||||
taxes withheld for vesting of restricted stock units | -318,000 | ||||||||||||||||||||||||
gain on change in fair value of contingent liability | |||||||||||||||||||||||||
acceleration of unvested equity awards for valence employees | |||||||||||||||||||||||||
other current liabilities | |||||||||||||||||||||||||
proceeds from initial public offering, net of offering costs | |||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities | |||||||||||||||||||||||||
non-cash contribution of common stock to evolent health llc prior to the offering reorganization | |||||||||||||||||||||||||
non-cash repurchase of series a preferred stock | |||||||||||||||||||||||||
non-cash issuance of series b-1 preferred stock | |||||||||||||||||||||||||
non-cash issuance of class a common stock | |||||||||||||||||||||||||
non-cash deferred financing costs payable | |||||||||||||||||||||||||
acquisition consideration payable | |||||||||||||||||||||||||
accrued property and equipment purchases | 98,000 | ||||||||||||||||||||||||
effects of the offering reorganization | |||||||||||||||||||||||||
reclassification of deferred offering costs acquired to additional paid-in capital | |||||||||||||||||||||||||
conversion of existing equity as part of the offering reorganization | |||||||||||||||||||||||||
issuance of class b common stock | |||||||||||||||||||||||||
assumption of non-controlling interest as a result of merger with tpg affiliate | |||||||||||||||||||||||||
effects of the secondary offering | |||||||||||||||||||||||||
decrease in non-controlling interests as a result of the exchange | |||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||
change in restricted cash | 1,194,000 | ||||||||||||||||||||||||
loss from affiliates | 14,000 | ||||||||||||||||||||||||
cash paid in connection with acquisition | -14,500,000 | ||||||||||||||||||||||||
stock issued in connection with business combinations | 10,534,000 | ||||||||||||||||||||||||
effects of the offering reorganization: | |||||||||||||||||||||||||
depreciation and amortization | |||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating | |||||||||||||||||||||||||
activities: | |||||||||||||||||||||||||
gain on deconsolidation | |||||||||||||||||||||||||
cash transferred upon deconsolidation of affiliate | |||||||||||||||||||||||||
proceeds from issuance of series b preferred stock | |||||||||||||||||||||||||
proceeds from issuance of convertible notes | |||||||||||||||||||||||||
repurchase of series a preferred stock | |||||||||||||||||||||||||
non-cash settlement of accounts receivable through reacquisition of series a preferred stock | |||||||||||||||||||||||||
conversion of accrued interest from convertible notes to equity | |||||||||||||||||||||||||
conversion of convertible notes to equity | |||||||||||||||||||||||||
gain on offering reorganization | |||||||||||||||||||||||||
non-cash repurchase of series a preferred shares | |||||||||||||||||||||||||
unsettled investment purchases | |||||||||||||||||||||||||
non-cash issuance of series b-1 preferred shares | |||||||||||||||||||||||||
non-cash issuance of class a common shares |
