Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]                      
Net service revenue $ 531,315 $ 528,499 $ 517,842 $ 502,585 $ 509,842 $ 507,043 $ 502,024 $ 291,054 $ 2,080,241 $ 1,809,963 $ 1,062,602
Cost of service revenue (excluding depreciation and amortization)                 1,324,887 1,156,357 675,810
Gross margin 188,048 193,731 191,982 181,593 185,303 184,847 181,020 102,436 755,354 653,606 386,792
General and administrative expenses                 596,006 537,916 310,539
Impairment of intangibles and other                 7,734 4,689 1,571
Operating income                 151,614 111,001 74,682
Interest expense                 (11,155) (9,679) (3,352)
Income before income taxes and noncontrolling interests                 140,459 101,322 71,330
Income tax expense                 26,607 22,399 10,944
Net income                 113,852 78,923 60,386
Less net income attributable to noncontrolling interests                 18,126 15,349 10,274
Net income attributable to LHC Group, Inc.’s common stockholders $ 21,803 $ 30,067 $ 25,000 $ 18,856 $ 20,552 $ 21,230 $ 16,797 $ 4,995 $ 95,726 $ 63,574 $ 50,112
Earnings per share - basic:                      
Net income attributable to LHC Group, Inc.’s common stockholders (in dollars per share) $ 0.70 $ 0.97 $ 0.81 $ 0.61 $ 0.67 $ 0.69 $ 0.55 $ 0.28 $ 3.09 $ 2.31 $ 2.83
Earnings per share - diluted:                      
Net income attributable to LHC Group, Inc.’s common stockholders (in dollars per share) $ 0.70 $ 0.96 $ 0.80 $ 0.60 $ 0.66 $ 0.68 $ 0.55 $ 0.28 $ 3.07 $ 2.29 $ 2.79
Weighted average shares outstanding:                      
Basic (in shares) 30,977,812 30,970,589 30,960,468 30,837,290 30,777,556 30,750,227 30,497,501 17,789,863 30,932,607 27,498,351 17,715,992
Diluted (in shares) 31,270,149 31,247,196 31,200,930 31,187,098 31,142,061 31,083,815 30,742,293 18,039,345 31,209,824 27,773,396 17,961,018