v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]                      
Net service revenue $ 532,329 $ 530,684 $ 487,320 $ 512,871 $ 531,315 $ 528,499 $ 517,842 $ 502,585 $ 2,063,204 $ 2,080,241 $ 1,809,963
Cost of service revenue (excluding depreciation and amortization)                 1,250,403 1,324,887 1,156,357
Gross margin 215,086 225,438 180,608 191,669 188,048 193,731 191,982 181,593 812,801 755,354 653,606
General and administrative expenses                 632,847 596,006 537,916
Impairment of intangibles and other                 1,849 7,734 4,689
Operating income                 178,105 151,614 111,001
Interest expense                 (4,129) (11,155) (9,679)
Income before income taxes and noncontrolling interests                 173,976 140,459 101,322
Income tax expense                 36,043 26,607 22,399
Net income                 137,933 113,852 78,923
Less net income attributable to noncontrolling interests                 26,337 18,126 15,349
Net income attributable to LHC Group, Inc.’s common stockholders $ 30,380 $ 14,500 $ 44,692 $ 22,024 $ 21,803 $ 30,067 $ 25,000 $ 18,856 $ 111,596 $ 95,726 $ 63,574
Earnings per share - basic:                      
Net income attributable to LHC Group, Inc.’s common stockholders (in dollars per share) $ 0.98 $ 0.47 $ 1.44 $ 0.71 $ 0.70 $ 0.97 $ 0.81 $ 0.61 $ 3.59 $ 3.09 $ 2.31
Earnings per share - diluted:                      
Net income attributable to LHC Group, Inc.’s common stockholders (in dollars per share) $ 0.97 $ 0.46 $ 1.43 $ 0.70 $ 0.70 $ 0.96 $ 0.80 $ 0.60 $ 3.56 $ 3.07 $ 2.29
Weighted average shares outstanding:                      
Basic (in shares) 31,128,485 31,120,648 31,104,377 31,020,224 30,977,812 30,970,589 30,960,468 30,837,290 31,092,417 30,932,607 27,498,351
Diluted (in shares) 31,442,674 31,410,862 31,324,474 31,303,172 31,270,149 31,247,196 31,200,930 31,187,098 31,365,765 31,209,824 27,773,396

Source