Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables summarize the Company’s segment information for the three and six months ended June 30, 2022 and 2021 (amounts in thousands):
  Three months ended June 30, 2022
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 392,782  $ 102,617  $ 44,718  $ 30,709  $ 5,367  $ 576,193 
Cost of service revenue (excluding depreciation and amortization) 228,511  67,848  31,788  22,830  2,956  353,933 
General and administrative expenses 134,623  33,423  12,444  12,211  3,689  196,390 
Impairment of intangibles and other 481  361  —  —  —  842 
Operating income (loss) 29,167  985  486  (4,332) (1,278) 25,028 
Interest expense (4,488) (949) (564) (281) (125) (6,407)
Income (loss) before income taxes and noncontrolling interest 24,679  36  (78) (4,613) (1,403) 18,621 
Income tax expense (benefit) 6,565  (160) (1,413) (960) (353) 3,679 
Net income (loss) 18,114  196  1,335  (3,653) (1,050) 14,942 
Less net income (loss) attributable to non controlling interests 4,324  888  (34) (817) (3) 4,358 
Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 13,790  $ (692) $ 1,369  $ (2,836) $ (1,047) $ 10,584 
Total assets $ 1,746,161  $ 807,100  $ 240,481  $ 80,617  $ 63,515  $ 2,937,874 

  Three months ended June 30, 2021
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 396,534  $ 63,804  $ 48,407  $ 31,030  $ 6,132  $ 545,907 
Cost of service revenue (excluding depreciation and amortization) 219,925  39,647  34,683  20,460  3,157  317,872 
General and administrative expenses 123,245  18,114  11,923  10,906  2,873  167,061 
Impairment of intangibles and other 760  —  —  —  —  760 
Operating income (loss) 52,604  6,043  1,801  (336) 102  60,214 
Interest expense (106) (20) (10) (5) (2) (143)
Income (loss) before income taxes and noncontrolling interest 52,498  6,023  1,791  (341) 100  60,071 
Income tax expense (benefit) 11,706  1,280  470  (152) 14  13,318 
Net income (loss) 40,792  4,743  1,321  (189) 86  46,753 
Less net income (loss) attributable to noncontrolling interests 7,500  1,208  85  322  (5) 9,110 
Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 33,292  $ 3,535  $ 1,236  $ (511) $ 91  $ 37,643 
Total assets $ 1,681,871  $ 288,985  $ 245,071  $ 85,520  $ 65,678  $ 2,367,125 
  Six months ended June 30, 2022
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 780,674  $ 204,523  $ 89,058  $ 62,848  $ 10,585  $ 1,147,688 
Cost of service revenue (excluding depreciation and amortization) 456,718  133,913  60,743  47,035  5,912  704,321 
General and administrative expenses 261,430  64,768  23,862  23,639  7,050  380,749 
Impairment of intangibles and other 930  1,087  54  —  —  2,071 
Operating income (loss) 61,596  4,755  4,399  (7,826) (2,377) 60,547 
Interest expense (7,458) (1,447) (977) (489) (207) (10,578)
Income (loss) before income taxes and noncontrolling interest 54,138  3,308  3,422  (8,315) (2,584) 49,969 
Income tax expense (benefit) 11,334  436  845  (1,922) (645) 10,048 
Net income (loss) 42,804  2,872  2,577  (6,393) (1,939) 39,921 
Less net income (loss) attributable to non controlling interests 8,920  1,568  51  (646) (10) 9,883 
Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 33,884  $ 1,304  $ 2,526  $ (5,747) $ (1,929) $ 30,038 
  Six months ended June 30, 2021
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 770,362  $ 126,538  $ 97,532  $ 64,399  $ 11,911  $ 1,070,742 
Cost of service revenue (excluding depreciation and amortization) 432,298  78,217  69,555  41,635  6,439  628,144 
General and administrative expenses 242,642  36,241  23,452  22,163  5,812  330,310 
Impairment of intangibles and other 937  —  —  —  —  937 
Operating income (loss) 94,485  12,080  4,525  601  (340) 111,351 
Interest expense (288) (56) (34) (19) (9) (406)
Income (loss) before income taxes and noncontrolling interest 94,197  12,024  4,491  582  (349) 110,945 
Income tax expense (benefit) 19,596  2,347  988  (95) (77) 22,759 
Net income (loss) 74,601  9,677  3,503  677  (272) 88,186 
Less net income (loss) attributable to non controlling interests 12,349  2,223  364  979  (31) 15,884 
Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 62,252  $ 7,454  $ 3,139  $ (302) $ (241) $ 72,302