Lhc group, inc (LHCG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

27,676

25,912

34,601

29,938

23,401

25,308

24,981

20,656

7,978

21,387

12,891

14,193

11,915

12,133

12,171

11,755

9,883

10,134

11,110

11,584

8,822

7,732

7,853

8,072

5,095

6,633

6,869

7,375

8,269

9,925

7,892

7,872

9,739

9,408

-35,963

12,762

10,142

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense

5,133

5,442

4,412

4,198

4,202

4,376

4,438

4,255

3,293

3,742

3,332

3,158

3,190

3,136

3,113

2,963

2,948

3,270

2,884

3,085

2,716

2,697

2,461

2,288

2,125

2,367

2,128

2,000

1,830

2,005

1,965

1,917

1,919

1,802

1,780

1,922

2,017

Amortization of operating lease right of use asset

8,512

-

-

-

7,399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right of use asset

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,275

3,782

4,601

4,370

4,809

4,805

5,259

4,081

3,974

4,363

3,362

4,096

2,708

3,208

3,917

3,480

2,987

2,647

2,761

-

-

-

2,562

Stock-based compensation expense

3,680

3,264

1,990

2,588

1,804

2,022

3,417

2,318

1,601

1,442

1,445

1,496

1,581

1,354

1,282

1,254

982

1,075

1,077

1,082

991

1,008

1,017

1,021

1,048

6,765

-4,774

2,783

-888

7,788

-1,011

-979

-1,408

-1,051

-5,001

950

1,010

Deferred income taxes

4,367

10,298

3,281

3,243

1,578

16,538

1,201

3,640

-1,926

-10,720

3,723

2,047

475

1,340

4,004

2,182

-124

393

117

1,191

-183

1,880

-322

449

395

1,871

-790

424

846

652

-251

2,156

-353

1,544

-541

724

2,651

Amortization of operating leases

13

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-47

-465

-25

-256

-56

-315

-130

-61

187

-83

177

-2

-152

190

-142

-1,043

-204

-30

-276

-120

-284

-26

123

-144

0

-503

-2

-1

-14

-

-

-

-

-

-

-

-

Impairment of intangibles and other

0

200

197

1,018

6,319

3,247

345

778

0

-

-

-

-

-

-

-

-

1,032

0

169

79

3,603

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of acquisitions:
Receivables

67,470

-4,021

20,224

6,420

16,284

-5,331

-13,204

11,786

7,111

15,575

9,405

3,954

-2,028

-7,092

1,417

7,312

12,446

3,308

11,831

5,786

7,026

3,504

4,243

9,581

-956

499

7,625

9,600

1,237

-2,587

2,209

1,101

3,774

15,153

1,617

2,714

1,540

Prepaid expenses

11,728

1,411

-2,342

-745

1,069

2,768

968

10,402

-3,881

23,114

1,530

-84

2,413

-584

-6,896

6,284

162

133

-75

1,186

2,549

89

-581

262

39

-365

-405

855

664

467

-157

-890

-1,200

515

-778

631

-6,615

Other assets

-2,268

-

-

-

-1,539

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid income taxes

4,537

8,336

-3,195

-3,180

-1,883

12,229

-5,086

-2,166

-2,458

2,127

1,583

3,296

0

-4,123

-1,882

4,738

-374

338

89

1,610

-2,478

3,094

-3,493

-264

-248

963

-783

224

-3,703

-4,895

-3,158

7,547

-18,349

-3,643

17,670

-438

4,337

Accounts payable and accrued expenses

-11,159

1,586

14,067

-8,322

-10,413

-20,439

5,133

-16,130

24,859

-6,372

10,919

-3,405

18,524

-8,451

-4,234

8,757

13,110

-8,545

-5,270

13,717

10,624

-9,177

-5,532

10,677

-6,428

3,750

-6,955

10,778

-3,178

2,309

-7,013

5,900

-5,484

7,105

-677

-1,615

-335

Salaries, wages, and benefits payable

24,826

-

-

-

16,169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

8,415

-

-

-

5,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

2,298

284

-1,089

190

184

-

-

-

-

0

0

-3,663

164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amounts due to/from governmental entities

51

-

-3,762

583

-55

-

-18

307

-1,011

-

-777

1,483

-985

-

-143

309

-2,209

335

510

-1,824

1,109

43

496

258

-659

405

-199

-113

-319

329

3

312

-180

-

-

-

-448

Net cash provided by operating activities

-24,464

25,672

46,459

26,903

31,428

22,251

56,636

-4,137

33,835

-29,369

18,919

8,145

34,631

9,629

26,971

13,711

17,161

8,315

3,668

25,347

22,604

5,206

9,655

17,693

6,103

19,535

-1,690

14,001

14,069

26,712

8,337

14,138

25,585

12,274

-49,413

15,426

18,337

Investing activities:
Cash paid for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

2,770

3,351

38,543

22,255

449

2,824

8,817

938

10,577

66,213

3,793

-1

567

-

-

3,944

61,159

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, building and equipment

13,502

18,208

7,802

4,798

2,801

14,104

5,129

11,209

2,551

2,232

2,603

2,818

2,523

1,433

864

11,090

2,622

1,882

6,196

2,247

2,958

3,233

1,453

1,899

1,520

2,346

2,428

2,418

1,151

1,907

3,194

2,154

1,160

1,887

297

2,268

3,493

Proceeds from sale of property, building and equipment

1,149

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received (paid) for acquisitions

-3,125

-

33,689

19,018

1,413

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advanced payments on acquisitions

-

-

-

-

-

-

-

-

-

-

-

-3,964

4,487

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

273

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions, primarily goodwill and intangible assets and advance payments on acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,655

-

5,064

0

1,700

-65

-25

878

10,892

Net cash used in investing activities

-9,228

-38,381

-41,491

-23,816

-4,214

-15,472

-9,145

4,647

-5,321

-5,583

-40,623

-21,109

-7,459

-15,745

-9,681

-12,028

-12,926

-68,095

-9,989

-2,246

-3,525

-3,972

-9,544

-5,843

-62,679

-2,346

-2,428

-9,683

-20,806

-1,893

-8,256

-2,131

-2,860

-1,822

-272

-3,146

-14,385

Financing activities:
Proceeds from line of credit

188,728

183,000

59,000

8,000

17,000

11,859

22,000

257,084

13,000

33,000

44,000

14,000

5,000

0

3,000

31,000

4,000

19,000

62,000

2,000

0

3,000

4,000

8,000

60,000

8,500

9,500

13,500

41,500

14,999

107,116

39,567

26,879

39,808

54,000

12,252

36,935

Payments on line of credit

143,657

162,000

57,000

17,000

13,000

18,859

22,000

246,884

32,000

8,000

9,000

8,000

14,000

5,000

21,000

17,000

6,000

13,000

10,000

9,000

13,000

7,000

9,000

9,000

12,000

10,500

10,500

11,496

38,004

20,584

90,340

45,471

47,486

58,988

0

12,252

36,935

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4

10

Excess tax benefits from vesting of stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

567

651

17

86

169

642

0

12

0

112

7

0

0

11

-

-

-

-

1

1

-1

319

Proceeds from employee stock purchase plan

610

526

609

453

478

327

381

302

332

250

307

213

256

249

218

215

230

213

180

179

210

207

184

207

184

216

178

213

179

196

180

218

189

212

222

195

231

Payments on debt

0

-

-

-

7,650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt

-

-

-

-

-

-4,779

-331

71

64

-68

-63

-64

-65

-82

-41

-59

-56

-61

-59

-56

-57

-55

-56

-54

-37

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

571

366

201

-

-

-

-

-

-

-

-

Noncontrolling interest distributions

4,874

5,138

5,087

4,663

9,194

3,414

2,957

2,677

3,086

2,976

3,239

2,776

2,391

2,554

2,521

2,153

2,185

1,952

2,303

1,827

2,242

1,757

1,964

1,354

1,768

1,840

1,934

1,843

2,509

1,862

2,130

2,150

2,302

2,320

2,892

2,505

4,140

Sale of noncontrolling interest

-

-

-

-

-

886

0

0

3,322

0

0

137

114

-

-

-

-

-

-

-

-

0

0

0

193

-

-

-

-

0

0

0

80

-

-

-

-

Withholding taxes paid on stock-based compensation

7,064

1,265

903

942

7,577

406

2,624

628

3,467

23

347

175

2,569

-1,347

228

282

1,421

30

120

207

1,122

22

73

123

727

75

39

148

607

-

-

-

-

-

-

-

-

Purchase of additional controlling interest

23,575

900

15

748

18,000

0

357

0

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

261

1,268

350

-

-

-

-

75

0

564

252

Exercise of vested awards and stock options

160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of vested awards and stock options

-

-

-

-

114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) financing activities

10,328

15,079

-2,403

-14,870

-38,057

-14,389

-5,888

5,515

-22,018

20,879

31,658

3,151

-13,655

-7,138

-20,497

12,449

-4,781

4,186

49,784

-8,872

-15,569

-5,579

-7,262

-3,218

45,957

-3,618

-2,485

-676

421

-15,375

-190

-11,963

-22,640

-21,330

51,607

-3,456

-3,852

Change in cash

-23,364

2,370

2,565

-11,783

-10,843

-7,610

41,603

6,025

6,496

-14,073

9,954

-9,813

13,517

-13,254

-3,207

14,132

-546

-55,594

43,463

14,229

3,510

-4,345

-7,151

8,632

-10,619

13,571

-6,603

3,642

-6,316

9,444

-109

44

85

-10,878

1,922

8,824

100

Supplemental disclosures of cash flow information:
Interest paid

2,830

2,466

4,511

1,183

2,855

2,940

3,015

1,715

1,397

1,159

932

1,041

721

794

840

740

749

643

462

318

447

634

650

807

370

438

398

700

425

578

405

208

359

511

217

196

94

Income taxes paid

1,269

2,094

3,973

3,724

318

2,774

790

1,347

792

2,823

5,056

12,740

4,580

143

755

6,169

4,466

6,119

6,034

6,421

1,787

4,835

882

3,651

2,413

3,483

3,747

4,039

10,337

1

441

7,960

243

-972

379

5,400

6,556

Non-Cash Operating Activity:
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability

9,041

14,129

17,091

6,896

91,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Cash Investing Activity:
Accrued capital expenditures

2,226

1,229

500

-3,600

4,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-