Company: AMWL
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000950170-25-061842
Chunk: 0

Company: American Well Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 0
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AMERICAN WELL CORPORATION 

CONDENSED CONSOLIDATED BALANCE SHEETS 

(in thousands, except share and per share amounts) 

(unaudited) 

     March 31, 2025

     December 31, 2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     222,411

     $
     228,316

     Accounts receivable ($450 and $616, from related parties and net of   allowances of $6,975 and $7,236, respectively)

     72,004

     71,885

     Inventories

     2,530

     2,858

     Deferred contract acquisition costs

     2,564

     2,513

     Prepaid expenses and other current assets

     11,991

     11,421

     Total current assets

     311,500

     316,993

     Restricted cash

     795

     795

     Property and equipment, net

     336

     376

     Intangible assets, net

     90,789

     101,538

     Operating lease right-of-use asset

     6,386

     7,203

     Deferred contract acquisition costs, net of current portion

     5,359

     5,350

     Other assets

     3,581

     2,213

     Investment in minority owned joint venture (Note 2)

     722

     1,500

     Total assets
      
     $
     419,468

     $
     435,968

     Liabilities and Stockholders’ Equity

     Current liabilities:

     Accounts payable
      
     $
     6,432

     $
     5,015

     Accrued expenses and other current liabilities

     39,143

     49,326

     Operating lease liability, current

     3,723

     3,690

     Deferred revenue ($126 and $198 from related parties, respectively)

     57,429

     53,232

     Total current liabilities

     106,727

     111,263

     Other long-term liabilities

     1,205

     1,170

     Operating lease liability, net of current portion

     3,573

     4,511

     Deferred