Amwell Files 2023 Annual Report with SEC

TL;DR

Amwell just dropped its 2023 annual report, giving us a look at last year's financials and operations.

AI Summary

American Well Corp (Amwell) filed its annual 10-K report on February 15, 2024, covering the fiscal year that ended on December 31, 2023. The filing mentions entities such as SilverCloud Health Holdings Inc. and CCAW JV LLC, indicating past acquisitions or joint ventures. The document provides a comprehensive overview of the company's financial performance and operational status for the reported period.

Why It Matters

This 10-K filing provides a mandatory annual disclosure of American Well Corp's financial performance, operations, and risks for 2023, offering crucial transparency for investors and the public.

Risk Assessment

Risk Level: medium — While a 10-K is a standard regulatory filing, the full content is needed to assess specific financial or operational risks, which are not provided in this snippet.

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by the annual report.)
• 2024-02-15 — Filing Date (When the 10-K was officially submitted to the SEC.)

Key Players & Entities

• American Well Corp (company) — Filing entity
• SilverCloud Health Holdings Inc. (company) — Mentioned as a member/acquired entity
• CCAW JV LLC (company) — Mentioned as a joint venture/member

FAQ

From the Filing

0000950170-24-015995.txt : 20240215 0000950170-24-015995.hdr.sgml : 20240215 20240215170924 ACCESSION NUMBER: 0000950170-24-015995 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 104 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240215 DATE AS OF CHANGE: 20240215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Well Corp CENTRAL INDEX KEY: 0001393584 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39515 FILM NUMBER: 24644764 BUSINESS ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 BUSINESS PHONE: 617-205-3500 MAIL ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 10-K 1 amwl-20231231.htm 10-K 10-K 0001393584 FY false 3 three years 0001393584 amwl:SilverCloudHealthHoldingsIncMember 2022-12-31 0001393584 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001393584 us-gaap:CustomerRelationshipsMember 2023-12-31 0001393584 amwl:SilverCloudHealthHoldingsIncMember 2022-01-01 2022-12-31 0001393584 us-gaap:PerformanceSharesMember 2023-12-31 0001393584 amwl:OthersMember 2023-01-01 2023-12-31 0001393584 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001393584 amwl:CcawJvLlcMember 2021-01-01 2021-12-31 0001393584 amwl:SilverCloudHealthHoldingsIncMember us-gaap:CustomerRelationshipsMember 2021-08-27 2021-08-27 0001393584 amwl:CcawJvLlcMember 2023-01-01 2023-12-31 0001393584 amwl:SilverCloudHealthHoldingsIncMember 2021-08-27 2021-08-27 0001393584 us-gaap:DomesticCountryMember us-gaap:ResearchMember 2023-01-01 2023-12-31 0001393584 amwl:VisitsMember 2022-01-01 2022-12-31 0001393584 amwl:UnvestedPerformanceMarketBasedStockUnitsMember 2023-01-01 2023-12-31 0001393584 us-gaap:RetainedEarningsAppropriatedMember 2020-12-31 0001393584 us-gaap:ContractBasedIntangibleAssetsMember 2022-12-31 0001393584 us-gaap:ParentMember 2020-12-31 0001393584 us-gaap:RetainedEarningsAppropriatedMember 2023-12-31 0001393584 2021-12-31 0001393584 us-gaap:ParentMember 2022-01-01 2022-12-31 0001393584 amwl:ConversaHealthIncMember 2021-08-09 0001393584 us-gaap:TechnologyBasedIntangibleAssetsMember 2023-12-31 0001393584 amwl:UnvestedRestrictedStockMember 2021-01-01 2021-12-31 0001393584 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2021-01-01 2021-12-31 0001393584 amwl:NtnMemberMember srt:MaximumMember 2016-01-01 0001393584 us-gaap:CommonClassAMember 2022-01-01 2022-12-31 0001393584 amwl:ConversaHealthIncMember 2021-08-01 2021-08-31 0001393584 us-gaap:NoncontrollingInterestMember 2020-12-31 0001393584 amwl:PlatformSubscriptionMember 2023-01-01 2023-12-31 0001393584 us-gaap:DevelopedTechnologyRightsMember 2022-12-31 0001393584 amwl:SilverCloudHealthHoldingsIncMember us-gaap:TradeNamesMember 2021-08-27 2021-08-27 0001393584 us-gaap:EmployeeStockOptionMember 2022-01-01 2022-12-31 0001393584 us-gaap:CommonClassBMember 2022-12-31 0001393584 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001393584 amwl:TwoThousandAndTwentyEmployeeStockPurchasePlanMember 2023-01-01 2023-12-31 0001393584 us-gaap:ParentMember 2023-01-01 2023-12-31 0001393584 amwl:NtnMemberMember srt:MinimumMember 2016-01-01 0001393584 amwl:ContractFulfillmentCostMember 2021-12-31 0001393584 amwl:ContractFulfillmentCostMember 2021-01-01 2021-12-31 0001393584 us-gaap:PerformanceSharesMember 2023-01-01 2023-12-31 0001393584 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001393584 2021-01-01 2021-12-31 0001393584 amwl:UnvestedPerformanceMarketBasedStockUnitsMember 2022-01-01 2022-12-31 0001393584 us-gaap:GeneralAndAdministrativeExpenseMember 2021-01-01 2021-12-31 0001393584 amwl:SilverCloudBonusEscrowMember us-gaap:CommonClassAMember 2022-01-01 2022-12-31 0001393584 us-gaap:TradeNamesMember 2022-12-31 0001393584 amwl:SilverCloudHealthHoldin