Alignment Healthcare Inc. (ALHC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1100 W. TOWN AND COUNTRY ROAD
ORANGE, CA 92868
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6324 - Hospital and Medical Service Plans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments319410467
Cash and cash equivalents203410467
Short-term investments116  
Receivables1209359
Other undisclosed current assets454228
Total current assets:484545553
Noncurrent Assets
Operating lease, right-of-use asset1068
Property, plant and equipment523730
Intangible assets, net (including goodwill), including:404035
Goodwill353529
Intangible assets, net (excluding goodwill)54035
Other undisclosed intangible assets, net (including goodwill)  (35)(29)
Other noncurrent assets665
Total noncurrent assets:1088978
TOTAL ASSETS:592634631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:243217
Other undisclosed accounts payable and accrued liabilities243217
Debt 000
Other undisclosed current liabilities239198150
Total current liabilities:263230167
Noncurrent Liabilities
Long-term debt and lease obligation162161158
Long-term debt, excluding current maturities162161151
Liabilities, other than long-term debt94 
Operating lease, liability947
Other undisclosed noncurrent liabilities   (7)
Total noncurrent liabilities:171165158
Total liabilities:434395325
Equity
Equity, attributable to parent157238306
Common stock000
Additional paid in capital1,037970881
Accumulated deficit(880)(732)(575)
Equity, attributable to noncontrolling interest110
Total equity:158239306
TOTAL LIABILITIES AND EQUITY:592634631

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues1,8241,4341,168
Premiums earned, net1,8011,4321,167
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
   (93)
Gross profit:1,8241,4341,074
Operating expenses(1,951)(1,563)(1,346)
Other undisclosed operating income   93
Operating loss:(128)(129)(178)
Nonoperating expense
(Other Nonoperating expense)
(20)(21)(17)
Interest and debt expense(21)(2)(17)
Loss from continuing operations before equity method investments, income taxes:(169)(151)(213)
Other undisclosed income from continuing operations before income taxes21217
Loss from continuing operations before income taxes:(148)(149)(195)
Income tax expense (benefit)0(0) 
Loss from continuing operations:(148)(150)(195)
Loss before gain (loss) on sale of properties:(195)
Net loss:(148)(150)(195)
Net income attributable to noncontrolling interest00 
Net loss available to common stockholders, diluted:(148)(150)(195)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(148)(150)(195)
Comprehensive loss:(148)(150)(195)
Comprehensive income, net of tax, attributable to noncontrolling interest00 
Comprehensive loss, net of tax, attributable to parent:(148)(150)(195)

Statements Sources

The financial statements are based on the Company's filings with 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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