Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 36

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 16
Chunk 36
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 and $56,595, respectively, that was included in the corresponding contract liability balance at the beginning of the periods presented. The Company receives payments from clients based upon contractual billing schedules. The Company typically invoices its clients annually in advance for their annual software access fee. The Company records accounts receivable when the right to consideration becomes unconditional. Payment terms on invoiced amounts are typically net 30 days. Deferred Revenue Significant changes in the Company’s deferred revenue balance for the years ended December 31, 2024, 2023 and 2022:  

        Years Ended December 31,

        2024

        2023

        2022

        Total deferred revenue, beginning of the period
         
        $
        52,456

        $
        55,794

        $
        75,896

        Additions

        130,559

        124,091

        106,330

        Recognized

        (127,003
        )

        (127,429
        )

        (126,432
        )

        Total deferred revenue, end of the period
         
        $
        56,012

        $
        52,456

        $
        55,794

        Current deferred revenue

        53,232

        46,365

        49,505

        Non-current deferred revenue

        2,780

        6,091

        6,289

        Total
         
        $
        56,012

        $
        52,456

        $
        55,794

      Transaction Price Allocated to Remaining Performance Obligations 

As of December 31, 2024 and 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was $143,529 and $217,736, respectively. The substantial majority of the unsatisfied performance obligations will be satisfied over the next three years. As it pertains to the December 31, 2024 amount, the Company expects to recognize 74% of the transaction price in the year ending December 31, 2025 in its consolidated statement of operations and comprehensive loss with the remainder recognized thereafter. 

5. Variable Interest Entities The Company provides services pursuant to contracts with PCs which in turn contracts with physicians to provide virtual care medical services. The PC’s collectively represent the Company’s affiliated medical group. The PCs were designed and structured to comply with the relevant laws and regulations governing professional medical