2020 Form 10-K Financial Statement

#000155837021002118 Filed on March 01, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $1.094B $156.5M $553.3M
YoY Change 97.71% 27.5% 32.4%
Cost Of Revenue $390.8M $55.36M $184.5M
YoY Change 111.87% 38.29% 43.29%
Gross Profit $703.1M $101.1M $368.8M
YoY Change 90.63% 22.27% 27.55%
Gross Profit Margin 64.27% 64.63% 66.66%
Selling, General & Admin $660.7M $61.23M $229.4M
YoY Change 188.06% 20.14% 30.27%
% of Gross Profit 93.97% 60.55% 62.19%
Research & Development $164.9M $16.25M $64.64M
YoY Change 155.15% 19.95% 18.89%
% of Gross Profit 23.46% 16.06% 17.53%
Depreciation & Amortization $69.50M $11.09M $38.95M
YoY Change 78.41% 16.13% 9.41%
% of Gross Profit 9.88% 10.97% 10.56%
Operating Expenses $825.7M $77.48M $294.0M
YoY Change 180.83% 20.1% 27.59%
Operating Profit -$506.4M -$15.59M -$80.44M
YoY Change 529.55% -12.61% 13.53%
Interest Expense -$60.50M -$7.600M -$29.00M
YoY Change 108.62% 13.43% 11.11%
% of Operating Profit
Other Income/Expense, Net -$545.0K $342.0K
YoY Change -259.36%
Pretax Income -$576.0M -$23.17M -$109.5M
YoY Change 426.24% -5.43% 12.88%
Income Tax -$90.86M -$4.125M -$10.59M
% Of Pretax Income
Net Earnings -$485.1M -$19.04M -$98.86M
YoY Change 390.71% -23.45% 1.83%
Net Earnings / Revenue -44.35% -12.17% -17.87%
Basic Earnings Per Share -$5.36 -$1.38
Diluted Earnings Per Share -$5.36 -$261.7K -$1.38
COMMON SHARES
Basic Shares Outstanding 90.51M 72.38M 71.85M
Diluted Shares Outstanding 90.51M 71.85M

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $787.0M $517.1M $517.0M
YoY Change 52.22% 8.05% 7.93%
Cash & Equivalents $733.0M $514.4M $514.0M
Short-Term Investments $53.00M $2.711M $3.000M
Other Short-Term Assets $47.00M $14.00M $14.00M
YoY Change 235.71% 27.27% 27.27%
Inventory $56.00M $0.00
Prepaid Expenses
Receivables $169.0M $56.95M $57.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.060B $588.0M $588.0M
YoY Change 80.27% 10.37% 10.32%
LONG-TERM ASSETS
Property, Plant & Equipment $75.00M $10.30M $37.00M
YoY Change 102.7% 1.46% 270.0%
Goodwill $746.1M
YoY Change 1.2%
Intangibles $225.5M
YoY Change -8.87%
Long-Term Investments
YoY Change
Other Assets $18.00M $6.545M $7.000M
YoY Change 157.14% 367.17% 600.0%
Total Long-Term Assets $16.70B $1.015B $1.015B
YoY Change 1544.83% 1.88% 1.91%
TOTAL ASSETS
Total Short-Term Assets $1.060B $588.0M $588.0M
Total Long-Term Assets $16.70B $1.015B $1.015B
Total Assets $17.76B $1.603B $1.603B
YoY Change 1007.61% 4.84% 4.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.00M $9.075M $9.000M
YoY Change 411.11% 16.81% 12.5%
Accrued Expenses $156.0M $58.00M $58.00M
YoY Change 168.97% 41.46% 41.46%
Deferred Revenue $12.47M
YoY Change 62.95%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $56.00M $0.00
YoY Change
Total Short-Term Liabilities $333.0M $90.18M $90.00M
YoY Change 270.0% 44.43% 45.16%
LONG-TERM LIABILITIES
Long-Term Debt $1.390B $440.0M $440.0M
YoY Change 215.91% 6.02% 6.02%
Other Long-Term Liabilities $47.00M $9.239M $37.00M
YoY Change 27.03% 49.23% 516.67%
Total Long-Term Liabilities $1.437B $9.239M $477.0M
YoY Change 201.26% 49.23% 13.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $333.0M $90.18M $90.00M
Total Long-Term Liabilities $1.437B $9.239M $477.0M
Total Liabilities $1.871B $99.42M $589.0M
YoY Change 217.66% 44.86% 14.15%
SHAREHOLDERS EQUITY
Retained Earnings -$507.5M
YoY Change 24.19%
Common Stock $1.539B
YoY Change 7.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.88B $1.014B $1.014B
YoY Change
Total Liabilities & Shareholders Equity $17.76B $1.603B $1.603B
YoY Change 1007.61% 4.84% 4.84%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$485.1M -$19.04M -$98.86M
YoY Change 390.71% -23.45% 1.83%
Depreciation, Depletion And Amortization $69.50M $11.09M $38.95M
YoY Change 78.41% 16.13% 9.41%
Cash From Operating Activities -$53.51M $18.12M $29.87M
YoY Change -279.15% 630.65% -714.59%
INVESTING ACTIVITIES
Capital Expenditures $4.024M -$3.390M $3.510M
YoY Change 14.64% 16.1% -12.49%
Acquisitions $567.4M $11.19M
YoY Change 4972.22% -96.04%
Other Investing Activities $0.00 $12.94M $0.00
YoY Change -132.82% -100.0%
Cash From Investing Activities -$591.0M $9.540M $25.01M
YoY Change -2462.67% -122.53% -109.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 859.1M 10.04M 35.09M
YoY Change 2348.1% 34.77% -94.56%
NET CHANGE
Cash From Operating Activities -53.51M 18.12M 29.87M
Cash From Investing Activities -591.0M 9.540M 25.01M
Cash From Financing Activities 859.1M 10.04M 35.09M
Net Change In Cash 214.7M 37.70M 89.98M
YoY Change 138.56% -216.29% -76.52%
FREE CASH FLOW
Cash From Operating Activities -$53.51M $18.12M $29.87M
Capital Expenditures $4.024M -$3.390M $3.510M
Free Cash Flow -$57.54M $21.51M $26.36M
YoY Change -318.27% 298.33% -397.14%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">TELADOC HEALTH, INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Notes to Audited Consolidated Financial Statements</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">Note 1. Organization and Description of Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">Teladoc, Inc. 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. Unless the context otherwise requires, Teladoc Health, Inc., together with its subsidiaries, is referred to herein as “Teladoc Health” or the “Company”. The Company’s principal executive office is located in Purchase, New York. Teladoc Health is the global leader in providing virtual healthcare services with a focus on high quality, lower costs, and improved outcomes around the world. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">On October 30, 2020, the Company completed the merger with Livongo Health, Inc. (“Livongo”), a transformational opportunity to improve the delivery, access and experience of healthcare for consumers around the world. Livongo is pioneering a new category in healthcare, called Applied Health Signals, which is transforming the management of chronic conditions. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">On July 1, 2020, the Company completed the acquisition of InTouch Technologies, Inc. (“InTouch”), the leading provider of enterprise telehealth solutions for hospitals and health systems.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">On April 30, 2019, the Company completed the acquisition of MedecinDirect, a Paris-based telemedicine provider.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;">On May 31, 2018, the Company completed the acquisition of Advance Medical-Health Care Management Services, S.A. (“Advance Medical”), a leading virtual healthcare provider outside the United States. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">On July 14, 2017, the Company completed the acquisition of Best Doctors Holdings, Inc. (“Best Doctors”), an expert medical consultation company focused on improving health outcomes for the most complex, critical and costly medical issues.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company bases its estimates on historical experience, current business 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 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 consolidated financial statements are reasonable; however, actual results could differ materially from these estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">Changes in estimates are made when circumstances warrant. Such changes in estimates and refinements in estimation methodologies are reflected in reported results of operations; if material, the effects of changes in estimates are disclosed in the notes to the consolidated financial statements. Significant estimates and assumptions by management affect the allowance for doubtful accounts, the carrying value of long-lived assets (including goodwill and intangible assets), capitalization and amortization of software development costs, the finalization of purchase accounting adjustments, Client performance guarantees, the calculation of a contingent liability in connection with an acquisition earn-out, the provision for income taxes and related deferred tax accounts, certain accrued liabilities, revenue </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">recognition, contingencies, litigation and related legal accruals and the value attributed to employee stock options and other stock-based awards and the periods of benefit for deferred costs.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p>
CY2020 tdoc Payment Terms
PaymentTerms
P30D
CY2020 tdoc Contract With Customer Refunds Issued
ContractWithCustomerRefundsIssued
11200000
CY2019 tdoc Contract With Customer Refunds Issued
ContractWithCustomerRefundsIssued
3600000
CY2018 tdoc Contract With Customer Refunds Issued
ContractWithCustomerRefundsIssued
3000000.0
CY2020 tdoc Contract With Customer Liability Increase Decrease For Change In Estimate Of Transaction Price And Change In Client Performance Guarantees
ContractWithCustomerLiabilityIncreaseDecreaseForChangeInEstimateOfTransactionPriceAndChangeInClientPerformanceGuarantees
1900000
CY2019 tdoc Contract With Customer Liability Increase Decrease For Change In Estimate Of Transaction Price And Change In Client Performance Guarantees
ContractWithCustomerLiabilityIncreaseDecreaseForChangeInEstimateOfTransactionPriceAndChangeInClientPerformanceGuarantees
800000
CY2018 tdoc Contract With Customer Liability Increase Decrease For Change In Estimate Of Transaction Price And Change In Client Performance Guarantees
ContractWithCustomerLiabilityIncreaseDecreaseForChangeInEstimateOfTransactionPriceAndChangeInClientPerformanceGuarantees
800000
CY2020 tdoc Amortization Term Of Deferred Contract Cost
AmortizationTermOfDeferredContractCost
P4Y
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
62600000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
200000
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-600000
CY2018 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-100000
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1093962000
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
553307000
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
417907000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
40000000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
165000000.0
CY2019 us-gaap Advertising Expense
AdvertisingExpense
88800000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
70600000
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Concentrations of Risk </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, short-term investments and accounts receivable. Although the Company deposits its cash with multiple financial institutions in the U.S. and in foreign countries, its deposits, at times, may exceed federally insured limits. The Company’s short-term investments are comprised of a portfolio of diverse high credit rating instruments with maturity durations of one year or less.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:10pt 0pt 0pt 0pt;">No Client represented over 10% of revenues for the years ended December 31, 2020, 2019 or 2018.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:10pt 0pt 0pt 0pt;">No Client represented over 10% of accounts receivable at December 31, 2020 or 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">Revenue from Clients located in the United States for the year ended December 31, 2020, 2019 and 2018 were $967.4 million, $445.3 million and $342.7 million, respectively. Revenue from Clients located outside the United States for the year ended December 31, 2020, 2019 and 2018 were $126.6 million, $108.0 million, and $75.2 million, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p>
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reclassifications</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">Certain prior year amounts have been reclassified to conform to the current year presentation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p>
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7100000
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Deferred Revenue
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDeferredRevenue
21700000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12500000
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7100000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
52400000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2000000.0
CY2020Q4 tdoc Deferred Device Cost And Other Current
DeferredDeviceCostAndOtherCurrent
3384000
CY2020Q4 tdoc Deferred Device Cost And Other Non Current
DeferredDeviceCostAndOtherNonCurrent
2179000
CY2020Q4 tdoc Deferred Device Cost And Other
DeferredDeviceCostAndOther
5563000
CY2019Q4 tdoc Deferred Device Cost And Other
DeferredDeviceCostAndOther
0
CY2020 tdoc Deferred Device Cost And Other Additions
DeferredDeviceCostAndOtherAdditions
6007000
CY2020 tdoc Deferred Device Cost And Other Revenue Recognized
DeferredDeviceCostAndOtherRevenueRecognized
-444000
CY2020Q4 tdoc Deferred Device Cost And Other
DeferredDeviceCostAndOther
5563000
CY2019Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
19591000
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1431000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
35476000
CY2020Q4 us-gaap Inventory Net
InventoryNet
56498000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
196019000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
186860000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
188386000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
183409000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1266190000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2020864000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
50516000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
26058000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21965000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15762000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28551000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10296000
CY2020 us-gaap Depreciation
Depreciation
4800000
CY2019 us-gaap Depreciation
Depreciation
3400000
CY2018 us-gaap Depreciation
Depreciation
4100000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2183399000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
162535000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2020864000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
319796000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
94343000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
225453000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
64700000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35600000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31500000
CY2019Q4 us-gaap Goodwill
Goodwill
746079000
CY2018Q4 us-gaap Goodwill
Goodwill
737197000
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
13812198000
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
10604000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
22978000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1722000
CY2020Q4 us-gaap Goodwill
Goodwill
14581255000
CY2019Q4 us-gaap Goodwill
Goodwill
746079000
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4717000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1535000
CY2020Q4 tdoc Accrued Consulting And Customer Service Fees Current
AccruedConsultingAndCustomerServiceFeesCurrent
23167000
CY2019Q4 tdoc Accrued Consulting And Customer Service Fees Current
AccruedConsultingAndCustomerServiceFeesCurrent
10618000
CY2020Q4 tdoc Other Current Liabilities Clients Guarantees
OtherCurrentLiabilitiesClientsGuarantees
7215000
CY2019Q4 tdoc Other Current Liabilities Clients Guarantees
OtherCurrentLiabilitiesClientsGuarantees
3298000
CY2020Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
2419000
CY2019Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
1077000
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
2049000
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
838000
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1627000
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2859000
CY2020Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
3139000
CY2019Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
1263000
CY2020Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
2815000
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
2810000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11438000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5088000
CY2020Q4 tdoc Accrued Earn Out Current
AccruedEarnOutCurrent
4514000
CY2019Q4 tdoc Accrued Earn Out Current
AccruedEarnOutCurrent
0
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
20557000
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5054000
CY2020Q4 tdoc Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
83657000
CY2019Q4 tdoc Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
34440000
CY2020Q4 tdoc Advances From Financing Companies Customer Payments Due Current
AdvancesFromFinancingCompaniesCustomerPaymentsDueCurrent
13453000
CY2020Q4 tdoc Advances From Financing Companies Customer Payments Due Year One
AdvancesFromFinancingCompaniesCustomerPaymentsDueYearOne
7909000
CY2020Q4 tdoc Advances From Financing Companies Customer Payments Due Year Two
AdvancesFromFinancingCompaniesCustomerPaymentsDueYearTwo
2017000
CY2020Q4 tdoc Advances From Financing Companies Customer Payments Due
AdvancesFromFinancingCompaniesCustomerPaymentsDue
23379000
CY2020 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
10823000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1107000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
3000
CY2020 us-gaap Lease Cost
LeaseCost
11933000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
10654000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8134000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M8D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0564
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
14193000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14159000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13946000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8918000
CY2020Q4 tdoc Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
12049000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
63265000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8685000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54580000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
475531000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
66702000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43769000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-566266000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-95476000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-91142000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-9727000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-13979000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5824000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-575993000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-109455000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-96966000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1954000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
239000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
27000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
300000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1605000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-262000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2011000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-322000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
277000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2017000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-60008000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5043000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-499000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-26775000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1783000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
416000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3752000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4042000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1816000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-90535000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10868000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1899000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-90857000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10591000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
118000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.023
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.046
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048
CY2020 tdoc Effective Income Tax Rate Reconciliation Acquisition Expenses
EffectiveIncomeTaxRateReconciliationAcquisitionExpenses
-0.022
CY2019 tdoc Effective Income Tax Rate Reconciliation Acquisition Expenses
EffectiveIncomeTaxRateReconciliationAcquisitionExpenses
-0.004
CY2018 tdoc Effective Income Tax Rate Reconciliation Acquisition Expenses
EffectiveIncomeTaxRateReconciliationAcquisitionExpenses
-0.013
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.113
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.115
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.165
CY2020 tdoc Effective Income Tax Rate Reconciliation Executive Compensation
EffectiveIncomeTaxRateReconciliationExecutiveCompensation
-0.125
CY2019 tdoc Effective Income Tax Rate Reconciliation Executive Compensation
EffectiveIncomeTaxRateReconciliationExecutiveCompensation
-0.038
CY2018 tdoc Effective Income Tax Rate Reconciliation Executive Compensation
EffectiveIncomeTaxRateReconciliationExecutiveCompensation
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.002
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.003
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.003
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.022
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.054
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
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