Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 253,764 $ 31,672
Receivables:    
Patient accounts receivable 313,325 284,962
Other receivables 19,858 10,832
Total receivables 333,183 295,794
Prepaid income taxes 19,687 9,652
Prepaid expenses 22,791 21,304
Other current assets 26,231 21,852
Total current assets 655,656 380,274
Property, building and equipment, net of accumulated depreciation of $78,623 and $69,441, respectively 132,130 97,908
Goodwill 1,235,123 1,219,972
Intangible assets, net of accumulated amortization of $17,372 and $16,431, respectively 310,967 305,556
Assets held for sale 1,900 2,500
Operating lease right of use asset 99,066 95,452
Other assets 21,494 38,633
Total assets 2,456,336 2,140,295
Current liabilities:    
Accounts payable and other accrued liabilities 73,508 83,572
Salaries, wages, and benefits payable 111,108 85,631
Self-insurance reserves 31,856 31,188
Government stimulus advance 93,257 0
Contract liabilities - deferred revenue 317,938 0
Current operating lease liabilities 32,018 28,701
Amounts due to governmental entities 2,435 1,880
Total current liabilities 662,120 230,972
Deferred income taxes 75,536 60,498
Income taxes payable 6,588 3,867
Revolving credit facility 20,000 253,000
Other long term liabilities 33,632 0
Operating lease payable 69,977 69,556
Total liabilities 867,853 617,893
Noncontrolling interest — redeemable 16,897 15,151
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; 36,351,416 and 36,129,280 shares issued, and 31,136,522 and 30,992,390 shares outstanding, respectively 364 361
Treasury stock — 5,214,894 and 5,136,890 shares at cost, respectively (68,845) (60,060)
Additional paid-in capital 958,212 949,321
Retained earnings 604,917 523,701
Total LHC Group, Inc. stockholders’ equity 1,494,648 1,413,323
Noncontrolling interest — non-redeemable 76,938 93,928
Total stockholders' equity 1,571,586 1,507,251
Total liabilities and stockholders' equity 2,456,336 2,140,295
Property, building and equipment, accumulated depreciation 78,623 69,441
Finite-Lived Intangible Assets, Accumulated Amortization $ 17,372 $ 16,431
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 5,000,000 5,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 60,000,000 60,000,000
Common stock, shares issued (in shares) 36,351,416 36,129,280
Common stock, shares outstanding (in shares) 31,136,522 30,992,390
Treasury stock at cost, shares (in shares) 5,214,894 5,136,890