Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 7,680 $ 9,809
Receivables:    
Patient accounts receivable 376,968 348,820
Other receivables 11,219 13,780
Total receivables 388,187 362,600
Prepaid taxes 13,195 0
Prepaid income taxes 19,004 7,531
Prepaid expenses 22,636 28,401
Other current assets 34,538 24,801
Total current assets 485,240 433,142
Property, building and equipment, net of accumulated depreciation of $101,643 and $98,394, respectively 156,673 153,959
Goodwill 1,747,504 1,748,426
Intangible assets, net of accumulated amortization of $20,772 and $19,152, respectively 397,973 400,002
Operating lease right of use asset 111,954 113,399
Other assets 44,196 46,693
Total assets 2,943,540 2,895,621
Current liabilities:    
Accounts payable and other accrued liabilities 103,151 98,118
Salaries, wages, and benefits payable 86,049 100,532
Self-insurance reserves 41,331 33,784
Contract liabilities - deferred revenue 43,922 106,489
Current operating lease payable 37,633 37,630
Amounts due to governmental entities 4,475 5,447
Current liabilities - deferred employer payroll tax 26,790 26,790
Total current liabilities 343,351 408,790
Deferred income taxes 76,749 70,026
Income taxes payable 7,537 7,320
Revolving credit facility 773,270 661,197
Long-term operating lease liabilities 77,287 78,688
Total liabilities 1,278,194 1,226,021
Noncontrolling interest — redeemable 17,539 17,501
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; 36,687,528 and 36,549,524 shares issued, and 30,558,774 and 30,634,414 shares outstanding, respectively 367 365
Treasury stock — 6,128,754 and 5,915,110 shares at cost, respectively (193,470) (164,790)
Additional paid-in capital 984,784 979,642
Retained earnings 770,479 751,025
Total LHC Group, Inc. stockholders’ equity 1,562,160 1,566,242
Noncontrolling interest — non-redeemable 85,647 85,857
Total stockholders' equity 1,647,807 1,652,099
Total liabilities and stockholders' equity $ 2,943,540 $ 2,895,621