Lhc group, inc (LHCG)
CashFlow / TTM
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

118,127

113,852

113,248

103,628

94,346

78,923

75,002

62,912

56,449

60,386

51,132

50,412

47,974

45,942

43,943

42,882

42,711

41,650

39,248

35,991

32,479

28,752

27,653

26,669

25,972

29,146

32,438

33,461

33,958

35,428

34,911

-8,944

-4,054

-3,651

0

0

0

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

19,185

18,254

17,188

17,214

17,271

16,362

15,728

14,622

13,525

13,422

12,816

12,597

12,402

12,160

12,294

12,065

12,187

11,955

11,382

10,959

10,162

9,571

9,241

8,908

8,620

8,325

7,963

7,800

7,717

7,806

7,603

7,418

7,423

7,521

0

0

0

Amortization of operating lease right of use asset

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right of use asset

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,028

17,562

18,585

19,243

18,954

18,119

17,677

15,780

15,795

14,529

13,374

13,929

13,313

13,592

13,031

11,875

0

0

0

-

-

-

0

Stock-based compensation expense

11,522

9,646

8,404

9,831

9,561

9,358

8,778

6,806

5,984

5,964

5,876

5,713

5,471

4,872

4,593

4,388

4,216

4,225

4,158

4,098

4,037

4,094

9,851

4,060

5,822

3,886

4,909

8,672

4,910

4,390

-4,449

-8,439

-6,510

-4,092

0

0

0

Deferred income taxes

21,189

18,400

24,640

22,560

22,957

19,453

-7,805

-5,283

-6,876

-4,475

7,585

7,866

8,001

7,402

6,455

2,568

1,577

1,518

3,005

2,566

1,824

2,402

2,393

1,925

1,900

2,351

1,132

1,671

3,403

2,204

3,096

2,806

1,374

4,378

0

0

0

Amortization of operating leases

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-793

-802

-652

-757

-562

-319

-87

220

279

-60

213

-106

-1,147

-1,199

-1,419

-1,553

-630

-710

-706

-307

-331

-47

-524

-649

-506

-520

0

0

0

-

-

-

-

-

-

-

-

Impairment of intangibles and other

1,415

7,734

10,781

10,929

10,689

4,370

0

0

0

-

-

-

-

-

-

-

-

1,280

3,851

3,851

3,682

3,603

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

90,093

38,907

37,597

4,169

9,535

362

21,268

43,877

36,045

26,906

4,239

-3,749

-391

14,083

24,483

34,897

33,371

27,951

28,147

20,559

24,354

16,372

13,367

16,749

16,768

18,961

15,875

10,459

1,960

4,497

22,237

21,645

23,258

21,024

0

0

0

Prepaid expenses

10,052

-607

750

4,060

15,207

10,257

30,603

31,165

20,679

26,973

3,275

-5,151

1,217

-1,034

-317

6,504

1,406

3,793

3,749

3,243

2,319

-191

-645

-469

124

749

1,581

1,829

84

-1,780

-1,732

-2,353

-832

-6,247

0

0

0

Other assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid income taxes

6,498

78

3,971

2,080

3,094

2,519

-7,583

-914

4,548

7,006

756

-2,709

-1,267

-1,641

2,820

4,791

1,663

-441

2,315

-1,267

-3,141

-911

-3,042

-332

156

-3,299

-9,157

-11,532

-4,209

-18,855

-17,603

3,225

-4,760

17,926

0

0

0

Accounts payable and accrued expenses

-3,828

-3,082

-25,107

-34,041

-41,849

-6,577

7,490

13,276

26,001

19,666

17,587

2,434

14,596

9,182

9,088

8,052

13,012

10,526

9,894

9,632

6,592

-10,460

2,467

1,044

1,145

4,395

2,954

2,896

-1,982

-4,288

508

6,844

-671

4,478

0

0

0

Salaries, wages, and benefits payable

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

1,683

-431

0

0

0

-

-

-

-

-3,499

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amounts due to/from governmental entities

0

-

0

0

0

-

0

0

0

-

0

0

-737

-

-1,708

-1,055

-3,188

130

-162

-176

1,906

138

500

-195

-566

-226

-302

-100

325

464

0

0

0

-

-

-

0

Net cash provided by operating activities

74,570

130,462

127,041

137,218

106,178

108,585

56,965

19,248

31,530

32,326

71,324

79,376

84,942

67,472

66,158

42,855

54,491

59,934

56,825

62,812

55,158

38,657

52,986

41,641

37,949

45,915

53,092

63,119

63,256

74,772

60,334

2,584

3,872

-3,376

0

0

0

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

-

-

-

-

-

-

-

-

66,919

64,598

64,071

34,345

13,028

23,156

86,545

81,521

80,582

70,572

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, building and equipment

44,310

33,609

29,505

26,832

33,243

32,993

21,121

18,595

10,204

10,176

9,377

7,638

15,910

16,009

16,458

21,790

12,947

13,283

14,634

9,891

9,543

8,105

7,218

8,193

8,712

8,343

7,904

8,670

8,406

8,415

8,395

5,498

5,612

7,945

0

0

0

Proceeds from sale of property, building and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received (paid) for acquisitions

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advanced payments on acquisitions

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

6,699

1,610

2,488

11,680

0

0

0

Net cash used in investing activities

-112,916

-107,902

-84,993

-52,647

-24,184

-25,291

-15,402

-46,880

-72,636

-74,774

-84,936

-53,994

-44,913

-50,380

-102,730

-103,038

-93,256

-83,855

-19,732

-19,287

-22,884

-82,038

-80,412

-73,296

-77,136

-35,263

-34,810

-40,638

-33,086

-15,140

-15,069

-7,085

-8,100

-19,625

0

0

0

Financing activities:
Proceeds from line of credit

438,728

267,000

95,859

58,859

307,943

303,943

325,084

347,084

104,000

96,000

63,000

22,000

39,000

38,000

57,000

116,000

87,000

83,000

67,000

9,000

15,000

75,000

80,500

86,000

91,500

73,000

79,499

177,115

203,182

188,561

213,370

160,254

132,939

142,995

0

0

0

Payments on line of credit

379,657

249,000

105,859

70,859

300,743

319,743

308,884

295,884

57,000

39,000

36,000

48,000

57,000

49,000

57,000

46,000

38,000

45,000

39,000

38,000

38,000

37,000

40,500

42,000

44,496

70,500

80,584

160,424

194,399

203,881

242,285

151,945

118,726

108,175

0

0

0

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

0

0

0

Excess tax benefits from vesting of stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,310

1,321

923

914

897

823

654

124

131

119

119

18

0

0

0

-

-

-

-

320

0

0

0

Proceeds from employee stock purchase plan

2,198

2,066

1,867

1,639

1,488

1,342

1,265

1,191

1,102

1,026

1,025

936

938

912

876

838

802

782

776

780

808

782

791

785

791

786

766

768

773

783

799

841

818

860

0

0

0

Payments on debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt

-

-

-

-

-

-4,975

-264

4

-131

-260

-274

-252

-247

-238

-217

-235

-232

-233

-227

-224

-222

-202

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,212

0

0

0

-

-

-

-

-

-

-

-

Noncontrolling interest distributions

19,762

24,082

22,358

20,228

18,242

12,134

11,696

11,978

12,077

11,382

10,960

10,242

9,619

9,413

8,811

8,593

8,267

8,324

8,129

7,790

7,317

6,843

6,926

6,896

7,385

8,126

8,148

8,344

8,651

8,444

8,902

9,664

10,019

11,857

0

0

0

Sale of noncontrolling interest

-

-

-

-

-

4,208

3,322

3,322

3,459

251

0

0

0

-

-

-

-

-

-

-

-

193

0

0

0

-

-

-

-

80

0

0

0

-

-

-

-

Withholding taxes paid on stock-based compensation

10,174

10,687

9,828

11,549

11,235

7,125

6,742

4,465

4,012

3,114

1,744

1,625

1,732

584

1,961

1,853

1,778

1,479

1,471

1,424

1,340

945

998

964

989

869

0

0

0

-

-

-

-

-

-

-

-

Purchase of additional controlling interest

25,238

19,663

18,763

19,105

18,357

412

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,879

0

0

0

-

-

-

-

891

0

0

0

Exercise of vested awards and stock options

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of vested awards and stock options

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) financing activities

8,134

-40,251

-69,719

-73,204

-52,819

-36,780

-1,512

36,034

33,670

42,033

14,016

-38,139

-28,841

-19,967

-8,643

61,638

40,317

29,529

19,764

-37,282

-31,628

29,898

31,859

36,636

39,178

-6,358

-18,115

-15,820

-27,107

-50,168

-56,123

-4,326

4,181

22,969

0

0

0

Change in cash

-30,212

-17,691

-27,671

11,367

29,175

46,514

40,051

8,402

-7,436

-415

404

-12,757

11,188

-2,875

-45,215

1,455

1,552

5,608

56,857

6,243

646

-13,483

4,433

4,981

-9

4,294

167

6,661

3,063

9,464

-10,858

-8,827

-47

-32

0

0

0

Supplemental disclosures of cash flow information:
Interest paid

10,990

11,015

11,489

9,993

10,525

9,067

7,286

5,203

4,529

3,853

3,488

3,396

3,095

3,123

2,972

2,594

2,172

1,870

1,861

2,049

2,538

2,461

2,265

2,013

1,906

1,961

2,101

2,108

1,616

1,550

1,483

1,295

1,283

1,018

0

0

0

Income taxes paid

11,060

10,109

10,789

7,606

5,229

5,703

5,752

10,018

21,411

25,199

22,519

18,218

11,647

11,533

17,509

22,788

23,040

20,361

19,077

13,925

11,155

11,781

10,429

13,294

13,682

21,606

18,124

14,818

18,739

8,645

7,672

7,610

5,050

11,363

0

0

0

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

47,157

129,290

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Cash Investing Activity:
Accrued capital expenditures

355

2,729

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-