Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.2.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables summarize the Company’s segment information for the three and nine months ended September 30, 2022 and 2021 (amounts in thousands):
  Three months ended September 30, 2022
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 373,335  $ 103,799  $ 47,978  $ 31,441  $ 20,360  $ 576,913 
Cost of service revenue (excluding depreciation and amortization) 217,790  68,951  35,727  22,549  2,755  347,772 
General and administrative expenses 126,052  32,384  11,893  12,098  6,624  189,051 
Impairment of intangibles and other —  1,590  469  —  —  2,059 
Operating income (loss) 29,493  874  (111) (3,206) 10,981  38,031 
Interest expense (6,347) (1,356) (808) (362) (180) (9,053)
Income (loss) before income taxes and noncontrolling interest 23,146  (482) (919) (3,568) 10,801  28,978 
Income tax expense (benefit) 5,723  (439) (165) (927) 2,774  6,966 
Net income (loss) 17,423  (43) (754) (2,641) 8,027  22,012 
Less net income (loss) attributable to non controlling interests 3,838  1,269  (125) (439) 160  4,703 
Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 13,585  $ (1,312) $ (629) $ (2,202) $ 7,867  $ 17,309 
Total assets $ 1,717,209  $ 798,668  $ 238,082  $ 80,223  $ 79,972  $ 2,914,154 

  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 noncontrolling interests 5,157  1,085  77  (187) (6) 6,126 
Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 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 
  Nine months ended September 30, 2022
  Home health services Hospice services Home and community-based services Facility-based services HCI Total
Net service revenue $ 1,154,009  $ 308,322  $ 137,036  $ 94,289  $ 30,945  $ 1,724,601 
Cost of service revenue (excluding depreciation and amortization) 674,508  202,864  96,470  69,584  8,667  1,052,093 
General and administrative expenses 387,482  97,152  35,755  35,737  13,674  569,800 
Impairment of intangibles and other 930  2,677  523  —  —  4,130 
Operating income (loss) 91,089  5,629  4,288  (11,032) 8,604  98,578 
Interest expense (13,805) (2,803) (1,785) (851) (387) (19,631)
Income (loss) before income taxes and noncontrolling interest 77,284  2,826  2,503  (11,883) 8,217  78,947 
Income tax expense (benefit) 17,057  (3) 680  (2,849) 2,129  17,014 
Net income (loss) 60,227  2,829  1,823  (9,034) 6,088  61,933 
Less net income (loss) attributable to non controlling interests 12,758  2,837  (74) (1,085) 150  14,586 
Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 47,469  $ (8) $ 1,897  $ (7,949) $ 5,938  $ 47,347 
  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