Lhc group, inc (LHCG)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash

8,308

31,672

29,302

26,737

38,520

49,363

56,973

15,370

9,345

2,849

16,922

6,968

16,781

3,264

16,518

19,725

5,593

6,139

61,733

18,270

4,041

531

12,027

3,395

14,014

443

7,046

3,404

9,720

276

385

341

256

11,134

9,212

288

Receivables:
Patient accounts receivable

351,763

284,962

288,114

272,941

268,559

252,592

258,254

280,490

168,079

161,898

145,508

130,948

125,455

124,803

119,491

121,644

117,761

110,350

107,139

100,124

98,041

97,498

98,932

84,470

88,964

92,423

87,677

81,238

83,951

89,945

90,506

91,919

91,183

78,594

80,422

79,939

Other receivables

11,984

10,832

11,205

6,153

5,517

6,658

9,929

7,647

4,377

3,163

4,705

6,749

7,008

5,115

2,261

2,095

2,507

2,093

1,245

1,419

2,523

1,334

2,361

730

608

746

575

622

589

961

1,218

1,485

1,636

2,407

2,203

5,210

Amounts due from governmental entities

-

-

963

1,018

1,010

830

830

830

830

830

830

830

830

942

964

964

964

1,081

961

979

978

1,164

990

1,166

1,234

1,223

1,223

1,237

1,596

187

190

502

315

315

315

429

Total receivables

363,747

295,794

300,282

280,112

275,086

260,080

269,013

288,967

173,286

165,891

151,043

138,527

133,293

130,860

122,716

124,703

121,232

113,524

109,345

102,522

101,542

99,996

102,283

86,366

90,806

94,392

89,475

83,097

86,136

91,093

91,914

93,906

93,134

81,316

82,940

85,578

Prepaid income taxes

14,189

9,652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,833

13,890

12,713

11,381

9,817

9,655

9,251

11,098

9,898

9,283

7,671

8,630

7,506

8,922

7,269

7,745

6,516

5,941

Prepaid income taxes

-

-

1,316

4,511

7,690

11,788

0

5,086

4,548

7,006

4,879

3,296

-

-

4,124

6,030

1,575

1,949

2,314

2,225

615

3,093

3,497

3,821

4,069

3,125

3,912

3,733

7,436

12,365

15,551

8,088

26,667

30,309

9,225

5,326

Prepaid expenses

33,032

21,304

19,994

25,134

25,604

24,775

23,058

23,713

12,868

13,042

11,437

10,888

10,769

9,821

9,767

16,092

10,519

10,833

10,038

10,799

10,477

8,724

8,657

7,361

6,966

6,175

7,383

6,573

6,818

5,780

6,550

6,705

6,576

5,311

6,416

6,573

Other current assets

20,217

21,852

22,140

21,310

19,422

20,899

18,139

17,300

8,302

12,177

7,331

6,087

6,289

5,796

6,421

6,987

6,265

5,835

6,119

5,430

4,597

3,777

4,137

4,186

4,449

4,774

3,942

3,893

2,949

3,274

2,905

3,634

4,363

4,148

3,961

3,442

Receivable from Insurance Carrier

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550

550

0

0

7,850

7,850

-

0

-

-

-

-

-

-

-

-

-

-

-

Total current assets

439,493

380,274

373,034

357,804

366,322

366,905

367,183

350,436

208,349

200,965

191,612

165,766

167,132

149,741

159,546

173,537

145,184

138,830

205,932

153,136

133,985

135,352

148,268

114,784

129,555

120,007

121,656

109,983

120,730

121,418

124,811

121,596

138,265

139,963

118,270

107,148

Property, building and equipment, net of accumulated depreciation of $73,963 and $69,441, respectively

107,622

97,908

84,288

80,088

83,040

79,563

66,315

64,898

46,249

46,453

47,562

43,885

43,088

43,251

44,130

45,894

38,191

38,096

38,255

34,765

35,309

34,787

32,929

31,273

31,052

30,561

30,062

29,037

29,531

29,374

27,909

27,618

28,182

27,901

29,190

26,862

Goodwill

1,234,191

1,219,972

1,216,227

1,188,227

1,164,999

1,161,717

1,152,232

1,118,777

396,642

392,601

392,689

345,179

319,045

307,317

305,739

297,160

296,240

290,694

242,062

240,214

240,294

240,019

229,462

196,358

194,893

194,893

190,258

189,153

169,150

168,984

164,731

164,731

164,731

164,731

164,755

157,338

Intangible assets, net of accumulated amortization of $16,748 and $16,431, respectively

310,870

305,556

304,517

296,716

291,954

297,379

301,411

325,137

134,842

134,610

130,779

114,966

106,626

102,006

101,680

100,690

100,863

96,405

80,731

79,027

79,504

79,685

83,973

62,047

62,184

63,199

63,535

61,328

62,042

62,275

60,702

60,894

59,389

59,585

59,781

54,051

Assets held for sale

2,500

2,500

2,500

2,500

2,500

2,850

2,850

2,850

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right of use asset

96,078

95,452

95,427

84,638

84,805

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance payment on acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,947

Other assets

21,528

38,633

21,871

19,882

20,237

20,301

20,773

19,572

19,241

19,073

2,411

2,870

6,834

11,756

2,358

2,364

2,375

2,029

1,907

1,903

1,872

1,896

2,993

63,638

4,542

5,373

9,877

5,406

5,441

5,447

5,203

5,209

5,809

5,713

5,730

4,959

Total assets

2,212,282

2,140,295

2,097,864

2,029,855

2,013,857

1,928,715

1,910,764

1,881,670

805,323

793,702

765,053

672,666

642,725

614,071

613,453

619,645

582,853

566,054

568,887

509,045

490,964

491,739

497,625

468,100

422,226

414,033

415,388

394,907

386,894

387,498

383,356

380,048

396,376

397,893

377,726

357,305

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and other accrued liabilities

75,215

83,572

76,458

79,038

70,698

77,135

63,741

76,800

51,803

39,750

40,355

38,513

34,569

26,805

28,511

24,471

24,912

24,586

22,269

23,444

20,301

19,278

18,718

17,587

17,217

19,254

20,249

17,647

14,897

17,780

20,569

22,653

23,119

22,929

17,266

21,017

Salaries, wages, and benefits payable

108,337

85,631

105,582

81,645

102,500

84,254

113,430

99,881

56,497

44,747

53,289

37,259

45,056

34,265

41,904

49,210

39,506

28,098

35,447

40,489

30,711

22,466

37,648

24,521

31,927

25,134

31,676

23,581

29,890

24,971

29,261

20,610

25,571

22,925

29,254

23,112

Self-insurance reserves

33,482

31,188

31,798

32,570

31,899

32,776

33,456

26,332

13,598

12,450

9,524

13,627

11,776

10,691

11,473

12,341

11,109

9,636

9,692

8,716

7,923

6,559

6,610

6,502

5,862

6,868

6,261

6,170

5,444

4,954

4,888

5,557

5,612

-

-

4,177

Current operating lease liabilities

33,444

28,701

29,362

26,453

24,454

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

-

-

-

-

-

-

877

-

-

-

-

-

3,663

3,499

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term notes payable

-

-

0

0

0

7,773

12,552

12,617

222

286

261

258

255

252

249

246

243

241

238

235

233

230

225

222

249

-

-

-

-

-

-

-

-

-

-

-

Amounts due to governmental entities

1,931

1,880

1,249

5,065

4,475

4,174

4,508

4,375

4,008

5,019

4,564

5,341

3,858

4,955

4,895

5,038

4,729

7,055

4,051

3,559

5,382

4,459

3,746

3,664

4,391

3,975

4,174

4,301

4,979

3,241

3,241

3,241

3,234

3,262

3,203

3,159

Legal settlement payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550

550

0

0

7,850

7,850

-

0

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

252,409

230,972

244,449

224,771

234,026

206,112

228,564

220,005

126,128

102,252

107,993

94,998

99,177

80,467

87,032

91,306

80,499

70,166

72,247

76,443

64,550

60,842

74,797

52,496

59,646

55,231

62,360

51,699

55,210

50,946

57,959

52,061

57,536

49,116

49,723

51,465

Deferred income taxes

64,865

60,498

50,200

46,919

43,676

43,306

25,184

34,022

25,540

27,466

38,186

34,463

32,416

31,941

30,601

25,787

23,605

23,729

39,169

37,109

34,741

33,592

30,470

29,859

29,060

29,036

28,626

27,587

25,129

25,436

24,563

23,823

22,523

21,455

20,767

16,817

Unrecognized Tax Benefits

-

-

-

-

-

4,297

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

6,165

3,867

3,582

4,671

4,481

-

2,596

3,851

-

-

-

-

-

-

1,678

1,678

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

3,415

-

-

Revolving credit facility

298,100

253,000

232,000

230,000

239,000

235,000

242,000

242,000

125,000

144,000

119,000

84,000

78,000

87,000

92,000

110,000

96,000

98,000

92,000

40,000

47,000

60,000

69,000

70,000

22,000

24,000

25,000

22,996

19,500

25,085

8,309

14,213

34,820

54,000

-

0

Long-term debt, less current portion

-

-

-

-

-

-

-

-

-

-

93

409

476

544

379

423

485

543

608

660

719

778

896

953

963

-

-

-

-

-

-

-

-

-

-

-

Long-term notes payable

-

-

0

0

0

930

989

265

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,138

567

201

-

-

-

-

-

-

-

-

Operating lease payable

65,396

69,556

70,109

59,980

61,985

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

686,906

617,893

600,340

566,341

583,168

489,645

499,333

500,143

276,668

273,718

265,272

213,870

210,069

199,952

211,690

229,194

204,004

195,853

207,439

157,627

150,425

158,627

178,578

156,723

115,084

112,820

119,968

105,898

103,254

104,882

94,246

93,512

118,294

127,986

70,490

68,282

Noncontrolling interest — redeemable

19,431

15,151

15,594

15,467

15,060

14,596

14,737

17,032

13,888

13,393

13,206

13,420

12,893

12,567

12,668

12,642

12,463

12,408

11,890

11,981

11,297

11,517

11,263

10,797

11,258

11,467

11,826

11,791

11,426

10,781

11,033

11,255

11,348

11,858

12,574

13,535

Stockholders’ equity:
LHC Group, Inc. stockholders’ equity:
Preferred stock – $0.01 par value; 5,000,000 shares authorized; none issued or outstanding

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock — $0.01 par value; 60,000,000 shares authorized; 36,297,106 and 36,129,280 shares issued, and 31,100,826 and 30,992,390 shares outstanding, respectively

363

361

359

358

358

358

356

355

228

226

226

226

226

224

224

224

224

222

222

222

222

220

219

219

218

218

217

217

216

216

184

183

183

183

183

181

Treasury stock — 5,196,280 and 5,136,890 shares at cost, respectively

67,182

60,060

58,796

57,893

56,951

49,373

48,968

46,344

45,716

42,249

42,226

41,879

41,704

39,135

39,070

38,842

38,560

37,139

37,109

36,989

36,782

35,660

35,565

35,442

34,715

34,640

34,601

34,453

33,846

25,835

10,779

6,644

6,216

6,146

6,104

4,453

Additional paid-in capital

951,330

949,321

945,575

941,923

940,135

937,965

935,158

923,655

126,348

126,490

125,208

123,456

121,137

119,748

118,689

117,142

115,654

113,793

113,192

111,849

110,549

108,708

106,549

105,476

103,972

102,761

101,865

101,346

100,619

99,615

98,483

97,409

95,964

94,559

93,085

91,017

Retained earnings

545,725

523,701

501,898

471,831

446,831

427,975

407,423

386,193

369,396

364,401

345,967

335,060

323,756

314,289

304,472

294,856

285,392

277,706

269,971

261,126

252,176

245,371

233,663

227,602

223,534

218,565

213,268

207,478

201,192

193,792

187,456

181,493

173,752

166,518

204,478

186,996

Total LHC Group, Inc. stockholders’ equity

1,430,236

1,413,323

1,389,036

1,356,219

1,330,373

1,316,925

1,293,969

1,263,859

450,256

448,868

429,175

416,863

403,415

395,126

384,315

373,380

362,710

354,582

346,276

336,208

326,165

318,639

304,866

297,855

293,009

286,904

280,749

274,588

268,181

267,788

275,344

272,441

263,683

255,114

291,642

273,741

Noncontrolling interest — non-redeemable

75,709

93,928

92,894

91,828

85,256

107,549

102,725

100,636

64,511

57,723

57,400

28,513

16,348

6,426

4,780

4,429

3,676

3,211

3,282

3,229

3,077

2,956

2,918

2,725

2,875

2,842

2,845

2,630

4,033

4,047

2,733

2,840

3,051

2,935

3,020

1,747

Total stockholders' equity

1,505,945

1,507,251

1,481,930

1,448,047

1,415,629

1,424,474

1,396,694

1,364,495

514,767

506,591

486,575

445,376

419,763

401,552

389,095

377,809

366,386

357,793

349,558

339,437

329,242

321,595

307,784

300,580

295,884

289,746

283,594

277,218

272,214

271,835

278,077

275,281

266,734

258,049

294,662

275,488

Total liabilities and stockholders' equity

2,212,282

2,140,295

2,097,864

2,029,855

2,013,857

1,928,715

1,910,764

1,881,670

805,323

793,702

765,053

672,666

642,725

614,071

613,453

619,645

582,853

566,054

568,887

509,045

490,964

491,739

497,625

468,100

422,226

414,033

415,388

394,907

386,894

387,498

383,356

380,048

396,376

397,893

377,726

357,305