Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 188

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1B
Chunk 188
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CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In thousands, except share and per share amounts) 

    Years Ended December 31,

    2024

    2023

    2022

    Cash flows from operating activities:

    Net loss
     
    $
    (212,638
    )
     
    $
    (679,171
    )
     
    $
    (272,072
    )

    Adjustments to reconcile net loss to net cash used in operating activities:

    Goodwill impairment

    —

    436,479

    —

    Depreciation and amortization expense

    32,973

    31,512

    26,167

    Provisions for credit losses

    7,090

    1,057

    806

    Inventory write-off

    1,893

    —

    —

    Amortization of deferred contract acquisition costs

    2,457

    2,261

    1,684

    Amortization of deferred contract fulfillment costs

    459

    432

    620

    Noncash compensation costs incurred by selling shareholders

    —

    —

    11,139

    Accretion of discounts on debt securities

    —

    (10,010
    )

    —

    Interest on debt securities

    —

    10,010

    —

    Stock-based compensation expense

    47,542

    72,246

    67,675

    Loss on equity method investment

    3,110

    2,590

    2,278

    Deferred income taxes

    (243
    )

    (242
    )

    (2,524
    )

    Changes in operating assets and liabilities, net of acquisition:

    Accounts receivable

    (25,012
    )

    3,248

    (8,140
    )

    Inventories

    1,901

    2,085

    (1,207
    )

    Deferred contract acquisition costs

    (3,287
    )

    (4,499
    )

    (2,771
    )

    Prepaid expenses and other current assets

    2,601

    4,694

    (161
    )

    Other assets

    (217
    )

    (76
    )

    (235
    )