SEC Info - LHC Group, Inc. - ‘10-Q’ for 6/30/22

Quarterly Report — Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.07M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     20K 
10: R1          Cover page                                          HTML     71K 
11: R2          Condensed Consolidated Balance Sheets               HTML    153K 
12: R3          Condensed Consolidated Balance Sheets               HTML     43K 
                (Parenthetical)                                                  
13: R4          Condensed Consolidated Statements of Income         HTML    101K 
14: R5          Condensed Consolidated Statements of Stockholders'  HTML    123K 
                Equity                                                           
15: R6          Condensed Consolidated Statements of Cash Flows     HTML    132K 
16: R7          Basis of Presentation and Significant Events        HTML     39K 
17: R8          Significant Accounting Policies                     HTML     89K 
18: R9          Acquisitions                                        HTML     31K 
19: R10         Goodwill and Intangibles                            HTML     89K 
20: R11         Debt                                                HTML     28K 
21: R12         Stockholder's Equity                                HTML     49K 
22: R13         Commitments and Contingencies                       HTML     27K 
23: R14         Noncontrolling interests                            HTML     30K 
24: R15         Leases                                              HTML     46K 
25: R16         Fair Value of Financial Instruments                 HTML     22K 
26: R17         Segment Information                                 HTML    187K 
27: R18         Income Taxes                                        HTML     24K 
28: R19         Significant Accounting Policies (Policies)          HTML     48K 
29: R20         Basis of Presentation and Significant Events        HTML     27K 
                (Tables)                                                         
30: R21         Significant Accounting Policies (Tables)            HTML     72K 
31: R22         Acquisitions (Tables)                               HTML     28K 
32: R23         Goodwill and Intangibles (Tables)                   HTML    124K 
33: R24         Stockholder's Equity (Tables)                       HTML     39K 
34: R25         Noncontrolling interests (Tables)                   HTML     24K 
35: R26         Leases (Tables)                                     HTML     48K 
36: R27         Segment Information (Tables)                        HTML    184K 
37: R28         Basis of Presentation and Significant Events -      HTML     24K 
                Organization (Details)                                           
38: R29         Basis of Presentation and Significant Events -      HTML     25K 
                CAAP (Details)                                                   
39: R30         Basis of Presentation and Significant Events -      HTML     22K 
                Schedule of Net Service Revenue (Details)                        
40: R31         Significant Accounting Policies - Percentage of     HTML     48K 
                Net Service Revenue Earned by Category of Payor                  
                (Details)                                                        
41: R32         Significant Accounting Policies - Additional        HTML     47K 
                Information (Details)                                            
42: R33         Significant Accounting Policies - Shares Used in    HTML     31K 
                Computation of Basic and Diluted Per Share                       
                Information (Details)                                            
43: R34         Acquisitions - Additional Information (Details)     HTML     34K 
44: R35         Acquisitions (Details)                              HTML     44K 
45: R36         Goodwill and Intangibles - Schedule of Changes in   HTML     77K 
                Recorded Goodwill by Reporting Unit (Details)                    
46: R37         Goodwill and Intangibles - Additional Information   HTML     39K 
                (Details)                                                        
47: R38         Goodwill and Intangibles - Summary of Changes in    HTML     45K 
                Intangible Assets (Details)                                      
48: R39         Debt - Additional Information (Details)             HTML     61K 
49: R40         Stockholder's Equity - Additional Information       HTML     77K 
                (Details)                                                        
50: R41         Stockholder's Equity - Nonvested Stock Activity     HTML     58K 
                (Details)                                                        
51: R42         Stockholder's Equity - Shares of Common Stock       HTML     25K 
                Issued Under Employee Stock Purchase Plan                        
                (Details)                                                        
52: R43         Commitments and Contingencies - Additional          HTML     22K 
                Information (Details)                                            
53: R44         Noncontrolling interests - Summary of Activity of   HTML     27K 
                Noncontrolling Interest-Redeemable (Details)                     
54: R45         Leases - Additional information (Details)           HTML     30K 
55: R46         Leases - Right of Use and Liabilities (Details)     HTML     24K 
56: R47         Leases - Lease Cost (Details)                       HTML     27K 
57: R48         Leases - Lease Maturities (Details)                 HTML     34K 
58: R49         Segment Information - Summary of segment            HTML    115K 
                Information (Details)                                            
59: R50         Income Taxes (Details)                              HTML     22K 
62: XML         IDEA XML File -- Filing Summary                      XML    111K 
60: XML         XBRL Instance -- lhcg-20220630_htm                   XML   2.13M 
61: EXCEL       IDEA Workbook of Financial Reports                  XLSX    124K 
 6: EX-101.CAL  XBRL Calculations -- lhcg-20220630_cal               XML    164K 
 7: EX-101.DEF  XBRL Definitions -- lhcg-20220630_def                XML    341K 
 8: EX-101.LAB  XBRL Labels -- lhcg-20220630_lab                     XML   1.30M 
 9: EX-101.PRE  XBRL Presentations -- lhcg-20220630_pre              XML    710K 
 5: EX-101.SCH  XBRL Schema -- lhcg-20220630                         XSD    135K 
63: JSON        XBRL Instance as JSON Data -- MetaLinks              333±   492K 
64: ZIP         XBRL Zipped Folder -- 0001303313-22-000060-xbrl      Zip    359K

‘R17’ — Segment Information

This is an IDEA Financial Report. [ Alternative Formats ]

Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

Segment InformationThe Company's reporting segments include (1) home health services, (2) hospice services, (3) home and community-based services, (4) facility-based services, and (5) HCI.

Reportable segments have been identified based upon how management has organized the business by services provided to customers and how the chief operating decision maker manages the business and allocates resources, consistent with the criteria in ASC 280, Segment Reporting.

The following tables summarize the Company’s segment information for the three and six months ended June 30, 2022 and 2021 (amounts in thousands):


	Three months ended June 30, 2022
	Home health services		Hospice services		Home and community-based services		Facility-based services		HCI		Total
Net service revenue	$	392,782	$	102,617	$	44,718	$	30,709	$	5,367	$	576,193
Cost of service revenue (excluding depreciation and amortization)	228,511		67,848		31,788		22,830		2,956		353,933
General and administrative expenses	134,623		33,423		12,444		12,211		3,689		196,390
Impairment of intangibles and other	481		361		—		—		—		842
Operating income (loss)	29,167		985		486		(4,332)		(1,278)		25,028
Interest expense	(4,488)		(949)		(564)		(281)		(125)		(6,407)
Income (loss) before income taxes and noncontrolling interest	24,679		36		(78)		(4,613)		(1,403)		18,621
Income tax expense (benefit)	6,565		(160)		(1,413)		(960)		(353)		3,679
Net income (loss)	18,114		196		1,335		(3,653)		(1,050)		14,942
Less net income (loss) attributable to non controlling interests	4,324		888		(34)		(817)		(3)		4,358
Net income (loss) attributable to LHC Group, Inc.'s common stockholder	$	13,790	$	(692)	$	1,369	$	(2,836)	$	(1,047)	$	10,584
Total assets	$	1,746,161	$	807,100	$	240,481	$	80,617	$	63,515	$	2,937,874


	Three months ended June 30, 2021
	Home health services		Hospice services		Home and community-based services		Facility-based services		HCI		Total
Net service revenue	$	396,534	$	63,804	$	48,407	$	31,030	$	6,132	$	545,907
Cost of service revenue (excluding depreciation and amortization)	219,925		39,647		34,683		20,460		3,157		317,872
General and administrative expenses	123,245		18,114		11,923		10,906		2,873		167,061
Impairment of intangibles and other	760		—		—		—		—		760

Operating income (loss)	52,604		6,043		1,801		(336)		102		60,214
Interest expense	(106)		(20)		(10)		(5)		(2)		(143)
Income (loss) before income taxes and noncontrolling interest	52,498		6,023		1,791		(341)		100		60,071
Income tax expense (benefit)	11,706		1,280		470		(152)		14		13,318
Net income (loss)	40,792		4,743		1,321		(189)		86		46,753
Less net income (loss) attributable to noncontrolling interests	7,500		1,208		85		322		(5)		9,110
Net income (loss) attributable to LHC Group, Inc.'s common stockholders	$	33,292	$	3,535	$	1,236	$	(511)	$	91	$	37,643
Total assets	$	1,681,871	$	288,985	$	245,071	$	85,520	$	65,678	$	2,367,125



	Six months ended June 30, 2022
	Home health services		Hospice services		Home and community-based services		Facility-based services		HCI		Total
Net service revenue	$	780,674	$	204,523	$	89,058	$	62,848	$	10,585	$	1,147,688
Cost of service revenue (excluding depreciation and amortization)	456,718		133,913		60,743		47,035		5,912		704,321
General and administrative expenses	261,430		64,768		23,862		23,639		7,050		380,749
Impairment of intangibles and other	930		1,087		54		—		—		2,071
Operating income (loss)	61,596		4,755		4,399		(7,826)		(2,377)		60,547
Interest expense	(7,458)		(1,447)		(977)		(489)		(207)		(10,578)
Income (loss) before income taxes and noncontrolling interest	54,138		3,308		3,422		(8,315)		(2,584)		49,969
Income tax expense (benefit)	11,334		436		845		(1,922)		(645)		10,048
Net income (loss)	42,804		2,872		2,577		(6,393)		(1,939)		39,921
Less net income (loss) attributable to non controlling interests	8,920		1,568		51		(646)		(10)		9,883
Net income (loss) attributable to LHC Group, Inc.'s common stockholder	$	33,884	$	1,304	$	2,526	$	(5,747)	$	(1,929)	$	30,038



	Six months ended June 30, 2021
	Home health services		Hospice services		Home and community-based services		Facility-based services		HCI		Total
Net service revenue	$	770,362	$	126,538	$	97,532	$	64,399	$	11,911	$	1,070,742
Cost of service revenue (excluding depreciation and amortization)	432,298		78,217		69,555		41,635		6,439		628,144
General and administrative expenses	242,642		36,241		23,452		22,163		5,812		330,310
Impairment of intangibles and other	937		—		—		—		—		937
Operating income (loss)	94,485		12,080		4,525		601		(340)		111,351
Interest expense	(288)		(56)		(34)		(19)		(9)		(406)
Income (loss) before income taxes and noncontrolling interest	94,197		12,024		4,491		582		(349)		110,945
Income tax expense (benefit)	19,596		2,347		988		(95)		(77)		22,759
Net income (loss)	74,601		9,677		3,503		677		(272)		88,186
Less net income (loss) attributable to non controlling interests	12,349		2,223		364		979		(31)		15,884
Net income (loss) attributable to LHC Group, Inc.'s common stockholder	$	62,252	$	7,454	$	3,139	$	(302)	$	(241)	$	72,302

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References + Details

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	8/4/22
For Period end:	6/30/22
	6/30/21	10-Q
		List all Filings

3 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/02/18  LHC Group, Inc.                   8-K:1,2,5,8 3/29/18    5:776K                                   Donnelley … Solutions/FA
 5/09/08  LHC Group, Inc.                   10-Q        3/31/08    5:378K                                   Bowne of Atlanta Inc./FA
 2/14/05  LHC Group, Inc.                   S-1/A¶                14:2.3M                                   Bowne of Atlanta Inc./FA

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Filing Submission 0001303313-22-000060 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

LHC Group, Inc. – ‘10-Q’ for 6/30/22 – ‘R17’

On: Thursday, 8/4/22, at 4:36pm ET · For: 6/30/22 · Accession #: 1303313-22-60 · File #: 1-33989

Previous ‘10-Q’: ‘10-Q’ on 5/4/22 for 3/31/22 · Next & Latest: ‘10-Q’ on 11/3/22 for 9/30/22 · 3 References:

Quarterly Report — Form 10-Q

Filing Table of Contents

‘R17’ — Segment Information

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

3 Previous Filings that this Filing References

LHC Group, Inc. – ‘10-Q’ for 6/30/22 – ‘R17’

On: Thursday, 8/4/22, at 4:36pm ET · For: 6/30/22 · Accession #: 1303313-22-60 · File #: 1-33989

Previous ‘10-Q’: ‘10-Q’ on 5/4/22 for 3/31/22 · Next & Latest: ‘10-Q’ on 11/3/22 for 9/30/22 · 3 References: To: LHC Group, Inc. – ‘8-K’ on 4/2/18 for 3/29/18 To: LHC Group, Inc. – ‘10-Q’ on 5/9/08 for 3/31/08 To: LHC Group, Inc. – ‘S-1/A’ on 2/14/05

Quarterly Report — Form 10-QFiling Table of Contents

‘R17’ — Segment Information

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

3 Previous Filings that this Filing References

Previous ‘10-Q’: ‘10-Q’ on 5/4/22 for 3/31/22 · Next & Latest: ‘10-Q’ on 11/3/22 for 9/30/22 · 3 References:

Quarterly Report — Form 10-Q

Filing Table of Contents