UpHealth, Inc. (UPHLW) Financial Statements (2024 and earlier)

Company Profile

Business Address 14000 S. MILITARY TRAIL
DELRAY BEACH, FL 33484
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 80 - Health Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2,54815,55758,192479172,500
Cash and cash equivalents2,54815,55758,1924791,577
Other undisclosed cash, cash equivalents, and short-term investments     170,923
Restricted cash and investments  18,609  
Receivables 14,66521,86522,80112
Inventory, net of allowances, customer advances and progress billings  1612,928  
Inventory  1612,928  
Prepaid expense    63162
Disposal group, including discontinued operation  2,991   
Other undisclosed current assets2,9962,7484,217 (170,923)
Total current assets:20,20943,322106,7475431,740
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  5,916   
Operating lease, right-of-use asset1,9027,213   
Property, plant and equipment   56,072  
Long-term investments and receivables96,76821,200   
Long-term investments96,76821,200   
Intangible assets, net (including goodwill) 103,027191,037399,581  
Goodwill 80,310159,675284,268  
Intangible assets, net (excluding goodwill) 22,71731,362115,313  
Asset, held-in-trust    168,385173,995
Disposal group, including discontinued operation, noncurrent assets  62,525   
Other noncurrent assets3754386,907 33
Other undisclosed noncurrent assets9,5278,153   
Total noncurrent assets:211,599296,482462,560168,385174,028
TOTAL ASSETS:231,808339,804569,307168,928175,768
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,31356,74650,4272,240143
Taxes payable739  
Accounts payable11,72317,98313,60487143
Accrued liabilities10,59038,76336,0842,153 
Deferred revenue 482,7382,649  
Debt 3,02322,093  
Disposal group, including discontinued operation  3,319   
Business combination, contingent consideration, liability   18,051  
Other liabilities  742,780 181
Due to related parties2297041617
Other undisclosed current liabilities4,4702,840   
Total current liabilities:26,83168,96996,7042,255340
Noncurrent Liabilities
Long-term debt and lease obligation146,524148,93898,417  
Long-term debt, excluding current maturities146,524145,96298,417  
Finance lease, liability  2,976   
Liabilities, other than long-term debt7615,75140,091  
Deferred income tax liabilities  1,20028,281  
Due to related parties281331  
Disposal group, including discontinued operation, liabilities  7,787   
Other liabilities766623,502  
Operating lease, liability  5,765   
Derivative instruments and hedges, liabilities  567,977  
Other undisclosed noncurrent liabilities3,2739252  
Total noncurrent liabilities:149,873164,698138,760  
Other undisclosed liabilities    300 
Total liabilities:176,704233,667235,4642,555340
Equity
Equity, attributable to parent55,104105,148318,4645,0005,000
Common stock221411
Treasury stock, value(17,000)(17,000)   
Additional paid in capital696,150688,355665,4617,8374,639
Accumulated other comprehensive loss   (3,802)  
Retained earnings (accumulated deficit)(624,048)(566,209)(343,209)(2,838)360
Equity, attributable to noncontrolling interest  98915,379  
Other undisclosed equity    161,373170,428
Total equity:55,104106,137333,843166,373175,428
TOTAL LIABILITIES AND EQUITY:231,808339,804569,307168,928175,768

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues129,998158,803123,795  
Cost of revenue
(Cost of Goods and Services Sold)
(60,403)(88,648)(80,208)  
Gross profit:69,59570,15543,587  
Operating expenses(159,167)(231,548)(423,566)(3,950) 
Operating loss:(89,572)(161,393)(379,979)(3,950) 
Nonoperating income (expense)31,938(70,926)37,2061,023 
Investment income, nonoperating59,062(30,179)53,8461,023 
Interest and debt expense(28,195)(14,610)151  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  14,610(151)  
Loss from continuing operations before equity method investments, income taxes:(85,829)(232,319)(342,773)(2,927) 
Loss from equity method investments   (561)  
Other undisclosed income from continuing operations before income taxes28,195    
Loss from continuing operations before income taxes:(57,634)(232,319)(343,334)(2,927) 
Income tax expense (benefit)1,2189,3842,437(271) 
Loss from continuing operations:(56,416)(222,935)(340,897)(3,198) 
Loss before gain (loss) on sale of properties:(340,897)(3,198) 
Income from discontinued operations     
Net loss:(56,416)(222,935)(340,897)(3,198) 
Net loss attributable to noncontrolling interest(1,423)(65)(126)  
Net loss attributable to parent:(57,839)(223,000)(341,023)(3,198) 
Other undisclosed net loss available to common stockholders, basic    (560) 
Net loss available to common stockholders, diluted:(57,839)(223,000)(341,023)(3,758) 

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(56,416)(222,935)(340,897)(3,198) 
Other undisclosed comprehensive income (loss)  3,802(3,802)  
Comprehensive loss:(56,416)(219,133)(344,699)(3,198) 
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,423)(65)(126)  
Comprehensive loss, net of tax, attributable to parent:(57,839)(219,198)(344,825)(3,198) 

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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