Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash $ 256 $ 288
Receivables:    
Patient accounts receivable, less allowance for uncollectible accounts of $10,692 and $9,769, respectively 91,183 79,939
Other receivables 1,636 5,210
Amounts due from governmental entities 315 429
Total receivables, net 93,134 85,578
Deferred income taxes 7,269 5,941
Prepaid income taxes 26,667 5,326
Prepaid expenses 6,576 6,573
Other current assets 4,363 3,442
Total current assets 138,265 107,148
Property, building and equipment, net of accumulated depreciation of $28,073 and $21,693 28,182 26,862
Goodwill 164,731 157,338
Intangible assets, net of accumulated amortization of $2,325 and $1,499 59,389 54,051
Advance payment on acquisitions   6,947
Other assets 5,809 4,959
Total assets 396,376 357,305
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and other accrued liabilities 23,119 21,017
Salaries, wages and benefits payable 25,571 23,112
Self insurance payable 5,612 4,177
Amounts due to governmental entities 3,234 3,159
Total current liabilities 57,536 51,465
Deferred income taxes 22,523 16,817
Income tax payable 3,415  
Revolving credit facility 34,820   
Total liabilities 118,294 68,282
Noncontrolling interest - redeemable 11,348 13,535
Stockholders' equity:    
Common stock-$0.01 par value: 40,000,000 shares authorized; 21,374,264 and 21,180,286 shares issued and 18,298,659 and 18,172,022 shares outstanding, respectively 183 181
Treasury stock-3,075,605 and 3,008,264 shares at cost, respectively (6,216) (4,453)
Additional paid-in capital 95,964 91,017
Retained earnings 173,752 186,996
Total LHC Group, Inc. stockholders' equity 263,683 273,741
Noncontrolling interest - non-redeemable 3,051 1,747
Total equity 266,734 275,488
Total liabilities and stockholders' equity $ 396,376 $ 357,305