LHC Group (LHCG) Financial Statements (2024 and earlier)

Company Profile

Business Address 901 HUGH WALLIS ROAD SOUTH
LAFAYETTE, LA 70508
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 8082 - Home Health Care Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,52227,4007,680 29,516112,108
Cash and cash equivalents10,52227,4007,680 29,516112,108
Receivables361,741355,855388,187 354,631338,529
Prepaid expense23,12820,55622,636 22,04826,542
Other current assets25,68736,16634,538 21,32018,749
Other undisclosed current assets19,30319,61332,199 24,08413,739
Total current assets:440,381459,590485,240 451,599509,667
Noncurrent Assets
Operating lease, right-of-use asset108,975109,925111,954 111,550105,201
Property, plant and equipment153,806155,978156,673 150,909145,314
Intangible assets, net (including goodwill)2,145,7292,148,5512,145,477 1,953,8881,573,364
Goodwill1,750,4201,751,4301,747,504 1,603,3601,259,726
Intangible assets, net (excluding goodwill)395,309397,121397,973 350,528313,638
Other noncurrent assets65,26363,83044,196 44,74031,679
Other undisclosed noncurrent assets      1,900
Total noncurrent assets:2,473,7732,478,2842,458,300 2,261,0871,857,458
TOTAL ASSETS:2,914,1542,937,8742,943,540 2,712,6862,367,125
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities168,824188,86486,049 82,99488,030
Employee-related liabilities84,41294,43286,049 82,99488,030
Accrued liabilities84,41294,432    
Deferred revenue 4,8408,22243,922 176,333252,936
Self insurance reserve38,73441,30241,331 35,09431,140
Other undisclosed current liabilities90,62396,543172,049 146,682117,505
Total current liabilities:303,021334,931343,351 441,103489,611
Noncurrent Liabilities
Long-term debt and lease obligation812,992834,971850,557 433,44574,993
Long-term debt, excluding current maturities738,000759,000773,270 355,000 
Liabilities, other than long-term debt87,66180,69176,749 70,59366,726
Deferred income tax liabilities87,66180,69176,749 70,59366,726
Operating lease, liability74,99275,97177,287 78,44574,993
Other undisclosed noncurrent liabilities7,9887,7547,537 33,62232,553
Total noncurrent liabilities:908,641923,416934,843 537,660174,272
Total liabilities:1,211,6621,258,3471,278,194 978,763663,883
Temporary equity, carrying amount16,97817,21017,539 17,73018,589
Equity
Equity, attributable to parent, including:1,600,4071,577,2871,562,160 1,629,7731,598,096
Treasury stock, value(195,447)(194,390)(193,470) (80,605)(79,765)
Additional paid in capital997,115990,247984,784 974,680969,897
Retained earnings798,372781,063770,479 735,333707,599
Other undisclosed equity, attributable to parent367367367 365365
Equity, attributable to noncontrolling interest85,10785,03085,647 86,42086,557
Total equity:1,685,5141,662,3171,647,807 1,716,1931,684,653
TOTAL LIABILITIES AND EQUITY:2,914,1542,937,8742,943,540 2,712,6862,367,125

Income Statement (P&L) ($ in thousands)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
Revenues576,913576,193571,495(1,636,193)565,451545,907
Cost of revenue
(Cost of Goods and Services Sold)
(347,772)(353,933)(350,388) (343,862)(317,872)
Gross profit:229,141222,260221,107 221,589228,035
Operating expenses(191,110)(197,232)(184,359) (176,444)(167,821)
Other undisclosed operating loss   (1,229)   
Operating income:38,03125,02835,519 45,14560,214
Interest and debt expense(9,053)(6,407)(4,171) (1,135)(143)
Income (loss) from continuing operations before income taxes:28,97818,62131,348 44,01060,071
Income tax expense (benefit)(6,966)(3,679)(6,369) (10,150)(13,318)
Income (loss) from continuing operations:22,01214,94224,979 33,86046,753
Income before gain (loss) on sale of properties:22,01214,94224,97933,86046,753
Net income (loss):22,01214,94224,979 33,86046,753
Net loss attributable to noncontrolling interest(4,703)(4,358)(5,525) (6,126)(9,110)
Net income (loss) available to common stockholders, diluted:17,30910,58419,454 27,73437,643

Comprehensive Income ($ in thousands)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
Net income (loss):22,01214,94224,979 33,86046,753
Comprehensive income (loss):22,01214,94224,979 33,86046,753
Comprehensive loss, net of tax, attributable to noncontrolling interest(4,703)(4,358)(5,525) (6,126)(9,110)
Comprehensive income (loss), net of tax, attributable to parent:17,30910,58419,454 27,73437,643

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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