Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 31,672 $ 49,363
Receivables:    
Patient accounts receivable 284,962 252,592
Other receivables 10,832 6,658
Amounts due from governmental entities 0 830
Total receivables, net 295,794 260,080
Prepaid income taxes 9,652 11,788
Prepaid expenses 21,304 24,775
Other current assets 21,852 20,899
Total current assets 380,274 366,905
Property, building and equipment, net of accumulated depreciation of $69,441 and $55,253, respectively 97,908 79,563
Goodwill 1,219,972 1,161,717
Intangible assets, net of accumulated amortization of $16,431 and $15,176, respectively 305,556 297,379
Assets held for sale 2,500 2,850
Operating lease right of use asset 95,452 0
Other assets 38,633 20,301
Total assets 2,140,295 1,928,715
Current liabilities:    
Accounts payable and other accrued liabilities 83,572 77,135
Salaries, wages and benefits payable 85,631 84,254
Self insurance reserves 31,188 32,776
Current operating lease payable 28,701 0
Current portion of long-term notes payable 0 7,773
Amounts due to governmental entities 1,880 4,174
Total current liabilities 230,972 206,112
Deferred income taxes 60,498 43,306
Income taxes payable 3,867 4,297
Revolving credit facility 253,000 235,000
Long-term notes payable 0 930
Operating lease payable 69,556 0
Total liabilities 617,893 489,645
Noncontrolling interest-redeemable 15,151 14,596
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; 36,129,280 and 35,835,348 shares issued, and 30,992,390 and 30,805,919 shares outstanding, respectively 361 358
Treasury stock – 5,136,890 and 5,029,429 shares at cost, respectively (60,060) (49,373)
Additional paid-in capital 949,321 937,965
Retained earnings 523,701 427,975
Total LHC Group, Inc. stockholders’ equity 1,413,323 1,316,925
Noncontrolling interest – non-redeemable 93,928 107,549
Total stockholders’ equity 1,507,251 1,424,474
Total liabilities and stockholders’ equity $ 2,140,295 $ 1,928,715