v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 292,317 $ 286,569
Receivables:    
Patient accounts receivable 331,715 301,209
Other receivables 9,821 11,522
Amounts due from governmental entities 223 0
Total receivables 341,759 312,731
Prepaid expenses 26,038 22,058
Other current assets 23,561 25,664
Total current assets 683,675 647,022
Property, building and equipment, net of accumulated depreciation of $86,521 and $82,721, respectively 139,663 138,366
Goodwill 1,259,127 1,259,147
Intangible assets, net of accumulated amortization of $17,963 and $17,659, respectively 314,532 315,355
Assets held for sale 3,137 1,900
Operating lease right of use asset 101,193 100,046
Other assets 21,527 21,518
Total assets 2,522,854 2,483,354
Current liabilities:    
Accounts payable and other accrued liabilities 63,975 64,864
Salaries, wages, and benefits payable 110,327 88,666
Self-insurance reserves 33,893 35,103
Income tax payable 22,382 21,464
Government stimulus advance 93,257 93,257
Contract liabilities - deferred revenue 317,962 317,962
Current operating lease liabilities 32,627 32,676
Amounts due to governmental entities 1,164 1,516
Current liabilities - deferred employer payroll tax 25,928 25,928
Total current liabilities 701,515 681,436
Deferred income taxes 54,954 47,237
Income taxes payable 6,404 6,203
Revolving credit facility 0 20,000
Other long term liabilities 25,928 25,928
Long-term operating lease liabilities 71,431 70,275
Total liabilities 860,232 851,079
Noncontrolling interest — redeemable 17,939 18,921
Commitments and contingencies
LHC Group, Inc. stockholders’ equity:    
Preferred stock – $0.01 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock — $0.01 par value; 60,000,000 shares authorized; 36,507,148 and 36,355,497 shares issued, and 31,240,270 and 31,139,840 shares outstanding, respectively 365 364
Treasury stock — 5,266,878 and 5,215,657 shares at cost, respectively (78,552) (69,011)
Additional paid-in capital 966,201 962,120
Retained earnings 669,956 635,297
Total LHC Group, Inc. stockholders’ equity 1,557,970 1,528,770
Noncontrolling interest — non-redeemable 86,713 84,584
Total stockholders' equity 1,644,683 1,613,354
Total liabilities and stockholders' equity $ 2,522,854 $ 2,483,354

Source