Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.1
Segment Information
3 Months Ended
Mar. 31, 2022
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.  
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 months ended March 31, 2022 and 2021 (amounts in thousands):
  Three Months Ended March 31, 2022
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 387,892  $ 101,906  $ 44,340  $ 32,139  $ 5,218  $ 571,495 
Cost of service revenue (excluding depreciation and amortization) 228,207  66,065  28,955  24,205  2,956  350,388 
General and administrative expenses 126,807  31,345  11,418  11,428  3,361  184,359 
Impairment of intangibles and other 449  726  54  —  —  1,229 
Operating income (loss) 32,429  3,770  3,913  (3,494) (1,099) 35,519 
Interest expense (2,970) (498) (413) (208) (82) (4,171)
Income (loss) before income taxes and noncontrolling interest 29,459  3,272  3,500  (3,702) (1,181) 31,348 
Income tax expense (benefit) 4,769  596  2,258  (962) (292) 6,369 
Net income (loss) 24,690  2,676  1,242  (2,740) (889) 24,979 
Less net income (loss) attributable to non controlling interests 4,596  680  85  171  (7) 5,525 
Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 20,094  $ 1,996  $ 1,157  $ (2,911) $ (882) $ 19,454 
Total assets $ 1,756,250  $ 803,004  $ 240,195  $ 80,831  $ 63,260  $ 2,943,540 
 
  Three Months Ended March 31, 2021
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 373,828  $ 62,734  $ 49,125  $ 33,369  $ 5,779  $ 524,835 
Cost of service revenue (excluding depreciation and amortization) 212,373  38,570  34,872  21,175  3,282  310,272 
General and administrative expenses 119,397  18,127  11,529  11,257  2,939  163,249 
Impairment of intangibles and other 177  —  —  —  —  177 
Operating income (loss) 41,881  6,037  2,724  937  (442) 51,137 
Interest expense (182) (36) (24) (14) (7) (263)
Income (loss) before income taxes and noncontrolling interest 41,699  6,001  2,700  923  (449) 50,874 
Income tax expense (benefit) 7,890  1,067  518  57  (91) 9,441 
Net income (loss) 33,809  4,934  2,182  866  (358) 41,433 
Less net income (loss) attributable to noncontrolling interests 4,849  1,015  279  657  (26) 6,774 
Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 28,960  $ 3,919  $ 1,903  $ 209  $ (332) $ 34,659 
Total assets $ 1,785,486  $ 308,009  $ 262,538  $ 97,692  $ 69,129  $ 2,522,854