Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 10,522 $ 9,809
Receivables:    
Patient accounts receivable 331,524 348,820
Other receivables 30,217 13,780
Total receivables 361,741 362,600
Prepaid income taxes 19,303 7,531
Prepaid expenses 23,128 28,401
Other current assets 25,687 24,801
Total current assets 440,381 433,142
Property, building and equipment, net of accumulated depreciation of $110,600 and $98,394, respectively 153,806 153,959
Goodwill 1,750,420 1,748,426
Intangible assets, net of accumulated amortization of $22,865 and $19,152, respectively 395,309 400,002
Operating lease right of use asset 108,975 113,399
Other assets 65,263 46,693
Total assets 2,914,154 2,895,621
Current liabilities:    
Accounts payable and other accrued liabilities 108,748 98,118
Salaries, wages, and benefits payable 84,412 100,532
Self-insurance reserves 38,734 33,784
Contract liabilities - deferred revenue 4,840 106,489
Current operating lease payable 36,998 37,630
Amounts due to governmental entities 2,499 5,447
Current liabilities - deferred employer payroll tax 26,790 26,790
Total current liabilities 303,021 408,790
Deferred income taxes 87,661 70,026
Income taxes payable 7,988 7,320
Revolving credit facility 738,000 661,197
Long-term operating lease liabilities 74,992 78,688
Total liabilities 1,211,662 1,226,021
Noncontrolling interest — redeemable 16,978 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; 36,733,790 and 36,549,524 shares issued, and 30,587,735 and 30,634,414 shares outstanding, respectively 367 365
Treasury stock — 6,146,055 and 5,915,110 shares at cost, respectively (195,447) (164,790)
Additional paid-in capital 997,115 979,642
Retained earnings 798,372 751,025
Total LHC Group, Inc. stockholders’ equity 1,600,407 1,566,242
Noncontrolling interest — non-redeemable 85,107 85,857
Total stockholders' equity 1,685,514 1,652,099
Total liabilities and stockholders' equity $ 2,914,154 $ 2,895,621