2024 Q2 Form 10-Q Financial Statement

#000147744924000101 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $642.4M $646.1M
YoY Change -1.53% 2.68%
Cost Of Revenue $188.1M $194.5M
YoY Change -1.3% 2.33%
Gross Profit $454.4M $451.6M
YoY Change -1.62% 2.84%
Gross Profit Margin 70.73% 69.89%
Selling, General & Admin $160.0M $166.1M
YoY Change -10.8% -51.93%
% of Gross Profit 35.21% 36.77%
Research & Development $76.75M $81.39M
YoY Change -12.09% -6.43%
% of Gross Profit 16.89% 18.02%
Depreciation & Amortization $96.57M $97.89M
YoY Change 27.96% 38.92%
% of Gross Profit 21.25% 21.68%
Operating Expenses $236.7M $247.4M
YoY Change -11.23% -50.73%
Operating Profit -$841.1M -$87.12M
YoY Change 1074.05% 38.17%
Interest Expense $5.648M $5.649M
YoY Change -3.2% 54.85%
% of Operating Profit
Other Income/Expense, Net -$563.0K -$370.0K
YoY Change 171.98% -107.54%
Pretax Income -$833.8M -$79.20M
YoY Change 1160.85% 15.54%
Income Tax $3.884M $2.690M
% Of Pretax Income
Net Earnings -$837.7M -$81.89M
YoY Change 1185.22% 18.29%
Net Earnings / Revenue -130.39% -12.67%
Basic Earnings Per Share -$4.92 -$0.49
Diluted Earnings Per Share -$4.92 -$0.49
COMMON SHARES
Basic Shares Outstanding 169.6M shares 167.0M shares
Diluted Shares Outstanding 170.2M shares 167.7M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.162B $1.098B
YoY Change 21.25% 23.56%
Cash & Equivalents $1.162B $1.098B
Short-Term Investments
Other Short-Term Assets $5.837M $8.534M
YoY Change -30.25% -93.74%
Inventory $34.90M $32.27M
Prepaid Expenses $78.25M $85.48M
Receivables $218.4M $214.3M
Other Receivables $11.54M $13.56M
Total Short-Term Assets $1.547B $1.486B
YoY Change 17.09% 15.51%
LONG-TERM ASSETS
Property, Plant & Equipment $29.33M $29.55M
YoY Change -3.49% -57.36%
Goodwill $283.2M $1.073B
YoY Change -73.61% 0.0%
Intangibles $1.547B $1.614B
YoY Change -13.26% -11.11%
Long-Term Investments
YoY Change
Other Assets $81.43M $80.01M
YoY Change 11.65% 25.02%
Total Long-Term Assets $1.977B $2.834B
YoY Change -34.0% -6.22%
TOTAL ASSETS
Total Short-Term Assets $1.547B $1.486B
Total Long-Term Assets $1.977B $2.834B
Total Assets $3.524B $4.321B
YoY Change -18.37% 0.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.11M $37.67M
YoY Change 249.14% -2.46%
Accrued Expenses $228.5M $196.1M
YoY Change 9.78% -16.75%
Deferred Revenue $95.43M $101.2M
YoY Change -11.13%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $550.7M
YoY Change
Total Short-Term Liabilities $930.7M $388.8M
YoY Change 142.76% 1.97%
LONG-TERM LIABILITIES
Long-Term Debt $989.7M $1.540B
YoY Change -35.61% -0.3%
Other Long-Term Liabilities $1.007M $1.023M
YoY Change -42.13% -97.55%
Total Long-Term Liabilities $1.007M $1.023M
YoY Change -42.13% -99.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $930.7M $388.8M
Total Long-Term Liabilities $1.007M $1.023M
Total Liabilities $2.022B $389.9M
YoY Change 424.9% -80.68%
SHAREHOLDERS EQUITY
Retained Earnings -$16.15B -$15.31B
YoY Change 6.64% 1.55%
Common Stock $17.69B $17.64B
YoY Change 1.22% 1.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.502B $2.289B
YoY Change
Total Liabilities & Shareholders Equity $3.524B $4.321B
YoY Change -18.37% 0.27%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$837.7M -$81.89M
YoY Change 1185.22% 18.29%
Depreciation, Depletion And Amortization $96.57M $97.89M
YoY Change 27.96% 38.92%
Cash From Operating Activities $88.68M $8.920M
YoY Change -12.35% -32.2%
INVESTING ACTIVITIES
Capital Expenditures $27.75M $1.149M
YoY Change -24.12% -97.48%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$27.75M -$35.51M
YoY Change -24.12% -22.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.805M $1.751M
YoY Change -9.58% -47.78%
NET CHANGE
Cash From Operating Activities 88.68M $8.920M
Cash From Investing Activities -27.75M -$35.51M
Cash From Financing Activities 3.805M $1.751M
Net Change In Cash 64.74M -$24.84M
YoY Change -5.93% -14.68%
FREE CASH FLOW
Cash From Operating Activities $88.68M $8.920M
Capital Expenditures $27.75M $1.149M
Free Cash Flow $60.94M $7.771M
YoY Change -5.69% -123.93%

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918182000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1097935000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
888579000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-245000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
346000 usd
CY2024Q1 us-gaap Interest Paid
InterestPaid
0 usd
CY2023Q1 us-gaap Interest Paid
InterestPaid
194000 usd
CY2024Q1 tdoc Property And Equipment Net And Intangibles Net Accruals Incurred But Not Yet Paid
PropertyAndEquipmentNetAndIntangiblesNetAccrualsIncurredButNotYetPaid
3673000 usd
CY2023Q1 tdoc Property And Equipment Net And Intangibles Net Accruals Incurred But Not Yet Paid
PropertyAndEquipmentNetAndIntangiblesNetAccrualsIncurredButNotYetPaid
5516000 usd
CY2024Q1 tdoc Deferred Device Cost And Other Current
DeferredDeviceCostAndOtherCurrent
34199000 usd
CY2023Q4 tdoc Deferred Device Cost And Other Current
DeferredDeviceCostAndOtherCurrent
32703000 usd
CY2024Q1 tdoc Deferred Device Cost And Other Noncurrent
DeferredDeviceCostAndOtherNoncurrent
17344000 usd
CY2023Q4 tdoc Deferred Device Cost And Other Noncurrent
DeferredDeviceCostAndOtherNoncurrent
17573000 usd
CY2024Q1 tdoc Deferred Device Cost And Other
DeferredDeviceCostAndOther
51543000 usd
CY2023Q4 tdoc Deferred Device Cost And Other
DeferredDeviceCostAndOther
50276000 usd
CY2024Q1 tdoc Deferred Device Cost And Other Additions
DeferredDeviceCostAndOtherAdditions
12239000 usd
CY2024Q1 tdoc Deferred Device Cost And Other Cost Of Revenue Recognized
DeferredDeviceCostAndOtherCostOfRevenueRecognized
10972000 usd
CY2024Q1 tdoc Deferred Device Cost And Other
DeferredDeviceCostAndOther
51543000 usd
CY2023Q1 tdoc Cloud Computing Expense
CloudComputingExpense
800000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization and Description of Business<div style="text-indent:36pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Teladoc Health, Inc., together with its subsidiaries, is referred to herein as “Teladoc Health,” or the “Company,” and is the global leader in whole person virtual care, forging a new healthcare experience with better convenience, outcomes, and value. The Company’s mission is to empower all people everywhere to live their healthiest lives by transforming the healthcare experience</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company was incorporated in the State of Texas in June 2002 and changed its state of incorporation to the State of Delaware in October 2008. Effective August 10, 2018, Teladoc, Inc. changed its corporate name to Teladoc Health, Inc. The Company’s principal executive office is located in Purchase, New York.</span></div>
CY2024Q1 tdoc Number Of Professional Associations Consolidated As Variable Interest Entities
NumberOfProfessionalAssociationsConsolidatedAsVariableInterestEntities
2 professionalassociation
CY2024Q1 tdoc Number Of Professional Corporations Consolidated As Variable Interest Entities
NumberOfProfessionalCorporationsConsolidatedAsVariableInterestEntities
10 professionalcorporation
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="padding-left:9pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. The Company bases its estimates on historical experience, current business and economic factors, and various other assumptions that the Company believes are necessary to form a basis for making judgments about the carrying values of assets and liabilities, the recorded amounts of revenue and expenses, and the disclosure of contingent assets and liabilities. The Company is subject to uncertainties such as the impact of future events, economic and political factors, and changes in the Company’s business environment; therefore, actual results could differ from these estimates. Accordingly, the accounting estimates used in the preparation of the Company’s condensed consolidated financial statements will change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment evolves. The Company believes that estimates used in the preparation of these condensed consolidated financial statements are reasonable; however, actual results could differ materially from these estimates.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Changes in estimates are made when circumstances warrant. Such changes in estimates and refinements in estimation methodologies are reflected in the Condensed Consolidated Statements of Operations; if material, the effects of changes in estimates are disclosed in the Notes to Unaudited Condensed Consolidated Financial Statements. </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Significant estimates and assumptions by management affect areas including the value and useful life of long-lived assets (including intangible assets), the capitalization and amortization of software development costs, deferred device and contract costs, allowances for sales and for doubtful accounts, and the accounting for business combinations. Other significant areas include revenue recognition (including performance guarantees), the accounting for income taxes, contingencies, litigation and related legal accruals, the accounting for stock-based compensation awards, and other items as described in Note 2. “Basis of Presentation and Principles of Consolidation" in the Summary of Significant Accounting policies in the 2023 Form 10-K and as may be updated in this Quarterly Report in Note 2. “Basis of Presentation and Principles of Consolidation."</span></div>
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="padding-left:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="padding-left:9pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the current year presentation.</span></div>
CY2023Q4 tdoc Deferred Device Cost And Other
DeferredDeviceCostAndOther
50276000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
646131000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
629244000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
646131000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
629244000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
109283000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
113786000 usd
CY2024Q1 tdoc Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
63061000 usd
CY2023Q1 tdoc Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
67242000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
56113000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
61697000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
116231000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
119331000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
94000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
17300000 usd
CY2024Q1 tdoc Inventory Raw Materials And Purchased Parts Gross
InventoryRawMaterialsAndPurchasedPartsGross
11529000 usd
CY2023Q4 tdoc Inventory Raw Materials And Purchased Parts Gross
InventoryRawMaterialsAndPurchasedPartsGross
9338000 usd
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
678000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
299000 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
20061000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
19876000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
32268000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
29513000 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
85477000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
65651000 usd
CY2024Q1 tdoc Deferred Device Cost And Other Current
DeferredDeviceCostAndOtherCurrent
34199000 usd
CY2023Q4 tdoc Deferred Device Cost And Other Current
DeferredDeviceCostAndOtherCurrent
32703000 usd
CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
13559000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
12640000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
8534000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7443000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
141769000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
118437000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
1073190000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1073190000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2614065000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
999827000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1614238000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2584733000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
906952000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1677781000 usd
CY2024Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
30876000 usd
CY2023Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
16601000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95057000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66860000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
272784000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
280727000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
223039000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
163836000 usd
CY2024Q1 tdoc Finite Lived Intangible Asset Expected Amortization Year Four And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter
673852000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1614238000 usd
CY2024Q1 tdoc Cloud Computing Costs Net
CloudComputingCostsNet
42000000 usd
CY2023Q4 tdoc Cloud Computing Costs Net
CloudComputingCostsNet
41100000 usd
CY2024Q1 tdoc Cloud Computing Expense
CloudComputingExpense
1200000 usd
CY2024Q1 tdoc Revenue From Contract With Customer Performance Guarantees Current
RevenueFromContractWithCustomerPerformanceGuaranteesCurrent
36282000 usd
CY2023Q4 tdoc Revenue From Contract With Customer Performance Guarantees Current
RevenueFromContractWithCustomerPerformanceGuaranteesCurrent
36934000 usd
CY2024Q1 tdoc Accrued Marketing And Advertising Current
AccruedMarketingAndAdvertisingCurrent
38724000 usd
CY2023Q4 tdoc Accrued Marketing And Advertising Current
AccruedMarketingAndAdvertisingCurrent
34427000 usd
CY2024Q1 tdoc Accrued Consulting And Customer Service Fees Current
AccruedConsultingAndCustomerServiceFeesCurrent
16443000 usd
CY2023Q4 tdoc Accrued Consulting And Customer Service Fees Current
AccruedConsultingAndCustomerServiceFeesCurrent
16416000 usd
CY2024Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
12931000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
12933000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10744000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10752000 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10137000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
9910000 usd
CY2024Q1 tdoc Accrued Information Technology Expense Current
AccruedInformationTechnologyExpenseCurrent
7968000 usd
CY2023Q4 tdoc Accrued Information Technology Expense Current
AccruedInformationTechnologyExpenseCurrent
7605000 usd
CY2024Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
6530000 usd
CY2023Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
5777000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
5812000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1481000 usd
CY2024Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4127000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
621000 usd
CY2024Q1 tdoc Other Current Liabilities Staff Augmentation
OtherCurrentLiabilitiesStaffAugmentation
3532000 usd
CY2023Q4 tdoc Other Current Liabilities Staff Augmentation
OtherCurrentLiabilitiesStaffAugmentation
4287000 usd
CY2024Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
3489000 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
3800000 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
42699000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
33691000 usd
CY2024Q1 tdoc Accrued Liabilities And Other Liabilities Excluding Accrued Compensation Current
AccruedLiabilitiesAndOtherLiabilitiesExcludingAccruedCompensationCurrent
199418000 usd
CY2023Q4 tdoc Accrued Liabilities And Other Liabilities Excluding Accrued Compensation Current
AccruedLiabilitiesAndOtherLiabilitiesExcludingAccruedCompensationCurrent
178634000 usd
CY2024Q1 tdoc Debt Instrument Number Of Series Of Convertible Senior Debt Outstanding
DebtInstrumentNumberOfSeriesOfConvertibleSeniorDebtOutstanding
3 debtseries
CY2024Q1 us-gaap Convertible Debt
ConvertibleDebt
1539546000 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
1538688000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9979000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12260000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11101000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8088000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5918000 usd
CY2024Q1 tdoc Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
12985000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
60331000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9616000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
50715000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10744000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
39971000 usd
CY2024Q1 us-gaap Restructuring Costs
RestructuringCosts
9700000 usd
CY2023Q1 us-gaap Restructuring Costs
RestructuringCosts
8100000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
8768512 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4182187 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.37
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M3D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13732000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
32477 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
20.66
CY2024Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
24072 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.45
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
291000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
148705 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
39.78
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4041887 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.13
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5669000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4041887 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
27.13
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y9M
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
5669000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3274003 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
26.43
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M29D
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
5669000 usd
CY2024Q1 tdoc Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Total Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodTotalGrantDateFairValue
400000 usd
CY2023Q1 tdoc Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Total Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodTotalGrantDateFairValue
200000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.6786
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.6794
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6558
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0385
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0390
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0407
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42325000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46038000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3897000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4596000 usd
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
46222000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
50634000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2700000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
646131000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
629244000 usd
CY2024Q1 tdoc Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
63140000 usd
CY2023Q1 tdoc Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
52765000 usd
CY2024Q1 tdoc Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
63140000 usd
CY2023Q1 tdoc Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
52765000 usd
CY2024Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
13942000 usd
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
8911000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
5649000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
5263000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-370000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4907000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95057000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66860000 usd
CY2024Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
2834000 usd
CY2023Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
2923000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42325000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46038000 usd
CY2024Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
373000 usd
CY2023Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5944000 usd
CY2023Q1 us-gaap Restructuring Costs
RestructuringCosts
8102000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-79199000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-68547000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2690000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
681000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-81889000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-69228000 usd
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
29550000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
32032000 usd
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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0001477449-24-000101.txt Edgar Link pending
0001477449-24-000101-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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