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10-Q Filing

AGILON HEALTH, INC. CIK: 1831097 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-019666
Period End Date 20230331
Filing Date 20230509
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance agl-20230331_htm.xml
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $497.07M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $394.19M USD Point-in-time
Restricted cash and equivalents RestrictedCashEquivalentsCurrent $10.61M USD Point-in-time
Restricted cash and equivalents RestrictedCashEquivalentsCurrent $10.20M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $411.90M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $422.49M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Receivables, net ReceivablesNetCurrent $1.00B USD Point-in-time
Receivables, net ReceivablesNetCurrent $497.57M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Prepaid expenses and other current assets, net PrepaidExpenseAndOtherAssetsCurrent $44.70M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 2.00B shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 2.00B shares Point-in-time
Prepaid expenses and other current assets, net PrepaidExpenseAndOtherAssetsCurrent $34.12M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 412.38M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 414.46M shares Point-in-time
Total current assets AssetsCurrent $1.45B USD Point-in-time
Total current assets AssetsCurrent $1.88B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 414.46M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $20.05M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $22.13M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 412.38M shares Point-in-time
Assets Assets $1.70B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $67.68M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $92.71M USD Point-in-time
Assets Assets $2.17B USD Point-in-time
Goodwill Goodwill $62.14M USD Point-in-time
Liabilities Liabilities $656.86M USD Point-in-time
Liabilities Liabilities $1.09B USD Point-in-time
Goodwill Goodwill $41.54M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $116.85M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $116.92M USD Point-in-time
Total assets Assets $1.70B USD Point-in-time
Total assets Assets $2.17B USD Point-in-time
Medical claims and related payables LiabilityForClaimsAndClaimsAdjustmentExpense $745.56M USD Point-in-time
Medical claims and related payables LiabilityForClaimsAndClaimsAdjustmentExpense $346.73M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $222.05M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $183.36M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $5.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $5.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $535.09M USD Point-in-time
Total current liabilities LiabilitiesCurrent $972.61M USD Point-in-time
Long-term debt, net of current portion LongTermDebtNoncurrent $37.25M USD Point-in-time
Long-term debt, net of current portion LongTermDebtNoncurrent $38.48M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $83.29M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $78.57M USD Point-in-time
Total liabilities Liabilities $656.86M USD Point-in-time
Total liabilities Liabilities $1.09B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.01 par value: 2,000,000 shares authorized; 414,465 and 412,385 shares issued and outstanding, respectively CommonStockValue $4.14M USD Point-in-time
Common stock, $0.01 par value: 2,000,000 shares authorized; 414,465 and 412,385 shares issued and outstanding, respectively CommonStockValue $4.12M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.13B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.11B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.05B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.06B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.56M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.55M USD Point-in-time
Total agilon health, inc. stockholders' equity (deficit) StockholdersEquity $1.08B USD Point-in-time
Total agilon health, inc. stockholders' equity (deficit) StockholdersEquity $1.04B USD Point-in-time
Noncontrolling interests MinorityInterest $-611.00K USD Point-in-time
Noncontrolling interests MinorityInterest $-674.00K USD Point-in-time
Total stockholders equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
Total stockholders equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.11B USD Point-in-time
Total stockholders equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.09B USD Point-in-time
Total stockholders equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.04B USD Point-in-time
Total liabilities and stockholders' equity (deficit) LiabilitiesAndStockholdersEquity $1.70B USD Point-in-time
Total liabilities and stockholders' equity (deficit) LiabilitiesAndStockholdersEquity $2.17B USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
General And Administrative Including Non Cash Stock-based Compensation Expense AllocatedShareBasedCompensationExpense $3.97M USD 1 Quarter
General And Administrative Including Non Cash Stock-based Compensation Expense AllocatedShareBasedCompensationExpense $13.67M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $653.45M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $1.14B USD 1 Quarter
Medical services expense PolicyholderBenefitsAndClaimsIncurredHealthCare $972.83M USD 1 Quarter
Medical services expense PolicyholderBenefitsAndClaimsIncurredHealthCare $566.21M USD 1 Quarter
Other medical expenses OtherMedicalExpenses $86.02M USD 1 Quarter
Other medical expenses OtherMedicalExpenses $44.77M USD 1 Quarter
General and administrative (including noncash stock-based compensation expense of $13,672 and $3,970, respectively) GeneralAndAdministrativeExpense $39.83M USD 1 Quarter
General and administrative (including noncash stock-based compensation expense of $13,672 and $3,970, respectively) GeneralAndAdministrativeExpense $66.85M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $4.19M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $3.37M USD 1 Quarter
Total expenses OperatingExpenses $654.19M USD 1 Quarter
Total expenses OperatingExpenses $1.13B USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $6.26M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-743.00K USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $2.27M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $9.47M USD 1 Quarter
Interest expense InterestExpense $871.00K USD 1 Quarter
Interest expense InterestExpense $1.53M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $655.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $14.20M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-1.76M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-71.00K USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $726.00K USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $15.96M USD 1 Quarter
Total discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTax - USD 1 Quarter
Total discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTax $429.00K USD 1 Quarter
Net income (loss) ProfitLoss $15.96M USD 1 Quarter
Net income (loss) ProfitLoss $1.16M USD 1 Quarter
Noncontrolling interests' share in (earnings) loss NetIncomeLossAttributableToNoncontrollingInterest $63.00K USD 1 Quarter
Noncontrolling interests' share in (earnings) loss NetIncomeLossAttributableToNoncontrollingInterest $75.00K USD 1 Quarter
Net income (loss) attributable to common shares NetIncomeLoss $1.23M USD 1 Quarter
Net income (loss) attributable to common shares NetIncomeLoss $16.02M USD 1 Quarter
Net income (loss) per common share from continuing operations, basic IncomeLossFromContinuingOperationsPerBasicShare $0.04 USD 1 Quarter
Net income (loss) per common share from continuing operations, basic IncomeLossFromContinuingOperationsPerBasicShare - USD 1 Quarter
Net income (loss) per common share from continuing operations, diluted IncomeLossFromContinuingOperationsPerDilutedShare - USD 1 Quarter
Net income (loss) per common share from continuing operations, diluted IncomeLossFromContinuingOperationsPerDilutedShare $0.04 USD 1 Quarter
Net income (loss) per common share from discontinued operations, basic DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare - USD 1 Quarter
Net income (loss) per common share from discontinued operations, basic DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare - USD 1 Quarter
Net income (loss) per common share from discontinued operations, basic DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare - USD 1 Quarter
Net income (loss) per common share from discontinued operations, basic DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare - USD 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 401.96M shares 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 413.14M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 424.06M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 426.59M shares 1 Quarter
Cash Flow Statement 44 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $15.96M USD 1 Quarter
Net income (loss) ProfitLoss $1.16M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.19M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.37M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $13.67M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.97M USD 1 Quarter
Loss (Income) from equity method investments IncomeLossFromEquityMethodInvestments $2.03M USD 1 Quarter
Loss (Income) from equity method investments IncomeLossFromEquityMethodInvestments $1.38M USD 1 Quarter
Other noncash items OtherNoncashIncomeExpense $1.78M USD 1 Quarter
Other noncash items OtherNoncashIncomeExpense $-556.00K USD 1 Quarter
Changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $30.25M USD 1 Quarter
Changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $91.47M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-60.81M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-23.23M USD 1 Quarter
Purchase of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $4.05M USD 1 Quarter
Purchase of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $3.72M USD 1 Quarter
Purchase of intangible assets PaymentsToAcquireIntangibleAssets $1.00M USD 1 Quarter
Purchase of intangible assets PaymentsToAcquireIntangibleAssets - USD 1 Quarter
Investment in loans receivable and other PaymentsToAcquireLoansReceivable $4.50M USD 1 Quarter
Investment in loans receivable and other PaymentsToAcquireLoansReceivable $1.30M USD 1 Quarter
Investments in marketable debt securities PaymentsToAcquireMarketableSecurities $29.97M USD 1 Quarter
Investments in marketable debt securities PaymentsToAcquireMarketableSecurities - USD 1 Quarter
Proceeds from maturities and sales of marketable securities and other ProceedsFromSaleAndMaturityOfMarketableSecurities $28.54M USD 1 Quarter
Proceeds from maturities and sales of marketable securities and other ProceedsFromSaleAndMaturityOfMarketableSecurities $683.00K USD 1 Quarter
Net cash paid in business combination NetCashPaidInBusinessCombination - USD 1 Quarter
Net cash paid in business combination NetCashPaidInBusinessCombination $-44.37M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-8.87M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-50.81M USD 1 Quarter
Proceeds from other equity issuances, net ProceedsFromIssuanceOfCommonStock $14.76M USD 1 Quarter
Proceeds from other equity issuances, net ProceedsFromIssuanceOfCommonStock $9.59M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $1.25M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $1.25M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $13.51M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $8.34M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash and equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-103.29M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash and equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-18.60M USD 1 Quarter
Cash, cash equivalents and restricted cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.05B USD Point-in-time
Cash, cash equivalents and restricted cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $507.68M USD Point-in-time
Cash, cash equivalents and restricted cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $404.39M USD Point-in-time
Cash, cash equivalents and restricted cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.04B USD Point-in-time
Cash, cash equivalents and restricted cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.05B USD Point-in-time
Cash, cash equivalents and restricted cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $507.68M USD Point-in-time
Cash, cash equivalents and restricted cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $404.39M USD Point-in-time
Cash, cash equivalents and restricted cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.04B USD Point-in-time
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.11B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.09B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.04B USD Point-in-time
Beginning balance, shares CommonStockSharesOutstanding 414.46M shares Point-in-time
Beginning balance, shares CommonStockSharesOutstanding 412.38M shares Point-in-time
Net income (loss) ProfitLoss $15.96M USD 1 Quarter
Net income (loss) ProfitLoss $1.16M USD 1 Quarter
Exercise of stock options and other, net StockIssuedDuringPeriodValueStockOptionsExercised $9.62M USD 1 Quarter
Exercise of stock options and other, net StockIssuedDuringPeriodValueStockOptionsExercised $14.76M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $2.01M USD 1 Quarter
Shares withheld related to net share settlement SharesPaidForTaxWithholdingForShareBasedCompensation 28.00 shares 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.97M USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $13.67M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.11B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.09B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.04B USD Point-in-time
Ending balance, shares CommonStockSharesOutstanding 414.46M shares Point-in-time
Ending balance, shares CommonStockSharesOutstanding 412.38M shares Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $15.96M USD 1 Quarter
Net income (loss) ProfitLoss $1.16M USD 1 Quarter
Net unrealized gain (loss) on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTaxes $1.90M USD 1 Quarter
Net unrealized gain (loss) on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTaxes - USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $115.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax - USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.16M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $17.97M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-63.00K USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-75.00K USD 1 Quarter
Total comprehensive income (loss) attributable to agilon health, inc. ComprehensiveIncomeNetOfTax $18.03M USD 1 Quarter
Total comprehensive income (loss) attributable to agilon health, inc. ComprehensiveIncomeNetOfTax $1.23M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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