Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The 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.  The accounting policies of the segments are the same as those described in the summary of significant accounting policies, as described in Note 2 of the Notes to Condensed Consolidated Financial Statements.
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 nine months ended September 30, 2021 and 2020 (amounts in thousands):
  Three Months Ended September 30, 2021
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 386,699  $ 82,653  $ 45,800  $ 32,415  $ 17,884  $ 565,451 
Cost of service revenue (excluding depreciation and amortization) 230,839  51,631  34,386  23,725  3,281  343,862 
General and administrative expenses 126,695  22,548  11,764  11,050  4,387  176,444 
Operating income (loss) 29,165  8,474  (350) (2,360) 10,216  45,145 
Interest expense (811) (139) (109) (54) (22) (1,135)
Income (loss) before income taxes and noncontrolling interest 28,354  8,335  (459) (2,414) 10,194  44,010 
Income tax expense (benefit) 6,407  1,874  (99) (554) 2,522  10,150 
Net income (loss) 21,947  6,461  (360) (1,860) 7,672  33,860 
Less net income (loss) attributable to non controlling interests 5,157  1,085  77  (187) (6) 6,126 
Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 16,790  $ 5,376  $ (437) $ (1,673) $ 7,678  $ 27,734 
Total assets $ 1,632,670  $ 681,954  $ 239,452  $ 83,276  $ 75,334  $ 2,712,686 
 
  Three Months Ended September 30, 2020
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 373,450  $ 59,801  $ 48,387  $ 33,344  $ 15,702  $ 530,684 
Cost of service revenue (excluding depreciation and amortization) 205,523  37,180  36,664  22,213  3,666  305,246 
General and administrative expenses 118,792  16,668  10,937  11,439  3,627  161,463 
Impairment of intangibles and other 22  —  —  —  —  22 
Government stimulus (income) expense 35,019  4,731  2,865  1,656  164  44,435 
Operating income (loss) 14,094  1,222  (2,079) (1,964) 8,245  19,518 
Interest expense (310) (51) (37) (22) (11) (431)
Income (loss) before income taxes and noncontrolling interest 13,784  1,171  (2,116) (1,986) 8,234  19,087 
Income tax expense (benefit) 3,403  247  (440) (435) 1,820  4,595 
Net income (loss) 10,381  924  (1,676) (1,551) 6,414  14,492 
Less net income (loss) attributable to noncontrolling interests (157) 321  (153) (12) (7) (8)
Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 10,538  $ 603  $ (1,523) $ (1,539) $ 6,421  $ 14,500 
Total assets $ 1,721,278  $ 277,358  $ 263,414  $ 108,118  $ 86,168  $ 2,456,336 
  Nine Months Ended September 30, 2021
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 1,157,061  $ 209,191  $ 143,332  $ 96,814  $ 29,795  $ 1,636,193 
Cost of service revenue (excluding depreciation and amortization) 663,137  129,848  103,941  65,360  9,720  972,006 
General and administrative expenses 369,337  58,789  35,216  33,213  10,199  506,754 
Impairment of intangibles and other 937  —  —  —  —  937 
Operating income (loss) 123,650  20,554  4,175  (1,759) 9,876  156,496 
Interest expense (1,099) (195) (143) (73) (31) (1,541)
Income (loss) before income taxes and noncontrolling interest 122,551  20,359  4,032  (1,832) 9,845  154,955 
Income tax expense (benefit) 26,003  4,221  889  (649) 2,445  32,909 
Net income (loss) 96,548  16,138  3,143  (1,183) 7,400  122,046 
Less net income (loss) attributable to non controlling interests 17,506  3,308  441  792  (37) 22,010 
Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 79,042  $ 12,830  $ 2,702  $ (1,975) $ 7,437  $ 100,036 
  Nine Months Ended September 30, 2020
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 1,081,143  $ 181,387  $ 144,526  $ 96,664  $ 27,155  $ 1,530,875 
Cost of service revenue (excluding depreciation and amortization) 631,109  112,485  113,864  64,340  11,362  933,160 
General and administrative expenses 345,024  49,560  33,520  31,984  9,815  469,903 
Impairment of intangibles and other 22  600  —  —  —  622 
Government stimulus (income) expense —  —  —  —  —  — 
Operating income (loss) 104,988  18,742  (2,858) 340  5,978  127,190 
Interest expense (2,804) (451) (382) (288) (115) (4,040)
Income (loss) before income taxes and noncontrolling interest 102,184  18,291  (3,240) 52  5,863  123,150 
Income tax expense (benefit) 19,499  3,294  (658) (261) 1,307  23,181 
Net income (loss) 82,685  14,997  (2,582) 313  4,556  99,969 
Less net income (loss) attributable to noncontrolling interests 14,371  3,452  (275) 1,228  (23) 18,753 
Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 68,314  $ 11,545  $ (2,307) $ (915) $ 4,579  $ 81,216