Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.0.6
Segment Information
12 Months Ended
Dec. 31, 2011
Segment Information [Abstract]  
Segment Information

11. Segment Information

The Company's segments consist of (a) home-based services and (b) facility-based services. Home-based services include home nursing services and hospice services. Facility-based services include long-term acute care services. The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

 

    Year Ended December 31, 2011  
    Home-Based
Services
    Facility-Based
Services
    Total  
    (In thousands)  

Net service revenue

  $ 557,901      $ 75,971      $ 633,872   

Cost of service revenue

    307,744        44,602        352,346   

Provision for bad debts

    11,680        640        12,320   

Settlement with government agencies

    65,000        —          65,000   

General and administrative expenses

    190,264        20,324        210,588   
 

 

 

   

 

 

   

 

 

 

Operating income (loss)

    (16,787     10,405        (6,382

Interest expense

    914        104        1,018   

Non operating income, including gain on sale of assets

    1,645        136        1,781   
 

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations before income taxes and noncontrolling interest

    (16,056     10,437        (5,619

Income tax expense (benefit)

    (4,201     2,233        (1,968
 

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations

    (11,855     8,204        (3,651

Noncontrolling interest

    8,404        1,189        9,593   
 

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to LHC Group, Inc.'s common stockholders

  $ (20,259   $ 7,015      $ (13,244
 

 

 

   

 

 

   

 

 

 

Total assets

  $ 360,340      $ 36,036      $ 396,376   
 

 

 

   

 

 

   

 

 

 

 

    Year Ended December 31, 2010  
    Home-Based
Services
    Facility-Based
Services
    Total  
    (In thousands)  

Net service revenue

  $ 555,110      $ 76,457      $ 631,567   

Cost of service revenue

    281,013        45,508        326,521   

Provision for bad debts

    7,078        529        7,607   

General and administrative expenses

    182,750        19,087        201,837   
 

 

 

   

 

 

   

 

 

 

Operating income

    84,269        11,333        95,602   

Interest expense

    (116     (18     (134

Non operating income, including gain on sale of assets

    746        59        805   
 

 

 

   

 

 

   

 

 

 

Income from continuing operations before income taxes and noncontrolling interest

    84,899        11,374        96,273   

Income tax expense

    28,613        3,114        31,727   
 

 

 

   

 

 

   

 

 

 

Income from continuing operations

    56,286        8,260        64,546   

Noncontrolling interest

    14,170        1,617        15,787   
 

 

 

   

 

 

   

 

 

 

Net income attributable to LHC Group, Inc.'s common stockholders

  $ 42,116      $ 6,643      $ 48,759   
 

 

 

   

 

 

   

 

 

 

Total assets

  $ 319,447      $ 37,858      $ 357,305   
 

 

 

   

 

 

   

 

 

 

 

     Year Ended December 31, 2009  
     Home-Based
Services
    Facility-Based
Services
    Total  
     (In thousands)  

Net service revenue

   $ 466,736      $ 62,510      $ 529,246   

Cost of service revenue

     231,397        36,384        267,781   

Provision for bad debts

     4,199        525        4,724   

General and administrative expenses

     155,670        16,025        171,695   
  

 

 

   

 

 

   

 

 

 

Operating income

     75,470        9,576        85,046   

Interest expense

     (126     (16     (142

Non operating (loss) income, including gain on sale of assets

     (299     38        (261
  

 

 

   

 

 

   

 

 

 

Income from continuing operations before income taxes and noncontrolling interest

     75,045        9,598        84,643   

Income tax expense

     24,082        2,661        26,743   
  

 

 

   

 

 

   

 

 

 

Income from continuing operations

     50,963        6,937        57,900   
  

 

 

   

 

 

   

 

 

 

Loss from discontinued operations

       86        86   

Noncontrolling interest

     12,527        1,446        13,973   

Net income attributable to LHC Group, Inc.'s common stockholders

   $ 38,436      $ 5,405      $ 43,841   
  

 

 

   

 

 

   

 

 

 

Total assets

   $ 280,798      $ 26,817      $ 307,615