agilon health inc
For the period ended Nov 7, 2024. Filed Nov 7, 2024.
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Nov 7, 2024 · Filed Nov 7, 2024
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Contents
EX-99.1 · ADJUSTED EBITDA
ADJUSTED EBITDA
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income (loss)(1) | $(117,615) | $(31,483) | $(154,311) | $(32,319) |
| (Income) loss from discontinued operations, net of income taxes | 1,183 | 9,444 | 10,464 | 4,205 |
| Interest expense | 1,622 | 1,617 | 4,603 | 4,665 |
| Income tax expense (benefit) | (590) | 1,210 | (306) | 524 |
| Depreciation and amortization | 6,218 | 4,075 | 17,969 | 11,308 |
| Severance and related costs | 1,453 | — | 4,736 | 188 |
| Stock-based compensation expense | 13,259 | 20,619 | 48,375 | 53,650 |
| EBITDA adjustments related to equity method investments(2) | 9,719 | 3,702 | 15,025 | 8,426 |
| Other(3) | (11,718) | (3,631) | (16,800) | (8,587) |
| Adjusted EBITDA | $(96,469) | $5,553 | $(70,245) | $42,060 |
(1)Includes direct geography entry costs, including investments to develop and expand our platform and costs in geographies that are in implementation and are not yet generating revenue and investments to grow existing markets. For the three months ended September 30, 2024 and 2023, (i) $1.4 million and $10.3 million, respectively, are included in other medical expenses and (ii) $5.8 million and $8.0 million, respectively, are included in general and administrative expenses. For the nine months ended September 30, 2024 and 2023, (i) $2.0 million and $20.3 million, respectively, are included in other medical expenses and (ii) $21.2 million and $28.6 million, respectively, are included in general and administrative expenses.
(2)Includes elimination of certain administrative services provided by agilon health, inc. to equity method investments.
(3)Includes interest income, transaction-related costs and elimination of certain administrative services provided by agilon health, inc. to equity method investments.
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