Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 274

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 274
---
,143
    )

    (208,143
    )

    (4,495
    )

    (212,638
    )

    Balances as of December 31, 2024

    15,570,172

    $
    156

    $
    2,286,380

    $
    (15,840
    )
     
    $
    (1,965,924
    )
     
    $
    304,772

    $
    11,472

    $
    316,244

The accompanying notes are an integral part of these consolidated financial statements. 

F-6

AMERICAN WELL CORPORATION 

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