American Well Corporation (AMWL) financial statements (2022 and earlier)

Company profile

Business Address 75 STATE STREET
BOSTON, MA 02109
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7461,042
Cash and cash equivalents746942
Short-term investments 100
Restricted cash and investments 1
Receivables5357
Inventory, net of allowances, customer advances and progress billings89
Inventory89
Deferred costs22
Other undisclosed current assets182
Total current assets:8271,113
Noncurrent Assets
Operating lease, right-of-use asset167
Property, plant and equipment24
Long-term investments and receivables01
Long-term investments01
Intangible assets, net (including goodwill)595249
Goodwill443194
Intangible assets, net (excluding goodwill)15256
Restricted cash and investments1 
Deferred costs21
Other noncurrent assets21
Total noncurrent assets:619263
TOTAL ASSETS:1,4461,377
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7148
Accounts payable126
Accrued liabilities5942
Deferred revenue6967
Other undisclosed current liabilities26
Total current liabilities:142121
Noncurrent Liabilities
Long-term debt and lease obligation151
Operating lease, liability151
Liabilities, other than long-term debt298
Deferred revenue78
Other liabilities50
Business combination, contingent consideration, liability16 
Total noncurrent liabilities:439
Total liabilities:185130
Stockholders' equity
Stockholders' equity attributable to parent1,2391,224
Common stock32
Treasury stock, value (38)
Additional paid in capital2,0541,841
Accumulated other comprehensive income (loss)(6)0
Accumulated deficit(811)(582)
Stockholders' equity attributable to noncontrolling interest2222
Total stockholders' equity:1,2611,246
TOTAL LIABILITIES AND EQUITY:1,4461,377

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
Revenues253245
Revenue from related parties1261
Cost of revenue
(Cost of Goods and Services Sold)
(148)(157)
Gross profit:10488
Operating expenses(432)(473)
Other undisclosed operating income148157
Operating loss:(179)(227)
Other undisclosed income from continuing operations before equity method investments, income taxes 2
Loss from continuing operations before equity method investments, income taxes:(179)(226)
Loss from equity method investments (2)
Other undisclosed income from continuing operations before income taxes0 
Loss from continuing operations before income taxes:(179)(228)
Income tax expense (benefit)5(1)
Other undisclosed income from continuing operations 233
Income (loss) before gain (loss) on sale of properties:(174)4
Other undisclosed net loss(3)(233)
Net loss:(177)(229)
Net income attributable to noncontrolling interest04
Net loss available to common stockholders, diluted:(176)(224)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net loss:(177)(229)
Comprehensive loss:(177)(229)
Comprehensive income, net of tax, attributable to noncontrolling interest04
Other undisclosed comprehensive loss, net of tax, attributable to parent(7)(4)
Comprehensive loss, net of tax, attributable to parent:(183)(229)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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