10-Q Filing

LIFECARE HOLDINGS, INC. CIK: 1358057 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-221407`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	cik0001358057-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 57 Cash Flow Statement 63 Stockholders Equity 8

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.29M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.92M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.41M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $9,915 and $11,293, respectively	`AccountsReceivableNetCurrent`	$70.01M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $9,915 and $11,293, respectively	`AccountsReceivableNetCurrent`	$67.28M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$96.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$76.83M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$74.59M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$21.09M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$8.76M	USD	Point-in-time
Identifiable intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$15.44M	USD	Point-in-time
Identifiable intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$15.44M	USD	Point-in-time
Goodwill	`Goodwill`	$248.34M	USD	Point-in-time
Goodwill	`Goodwill`	$248.34M	USD	Point-in-time
Total Assets	`Assets`	$477.20M	USD	Point-in-time
Total Assets	`Assets`	$455.99M	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrent`	$1.93M	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrent`	$2.58M	USD	Point-in-time
Current installments of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$596.00K	USD	Point-in-time
Current installments of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$838.00K	USD	Point-in-time
Current installment of lease financing obligation	`OtherLongTermDebtCurrent`	$499.00K	USD	Point-in-time
Current installment of lease financing obligation	`OtherLongTermDebtCurrent`	$480.00K	USD	Point-in-time
Estimated third party payor settlements	`EstimatedThirdPartyPayorSettlementsCurrent`	$4.32M	USD	Point-in-time
Estimated third party payor settlements	`EstimatedThirdPartyPayorSettlementsCurrent`	$3.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.45M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$5.67M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$6.48M	USD	Point-in-time
Accrued vacation	`AccruedVacationCurrent`	$5.82M	USD	Point-in-time
Accrued vacation	`AccruedVacationCurrent`	$4.66M	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$6.38M	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$8.94M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$4.32M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$4.79M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$383.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$282.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.14M	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtNoncurrent`	$377.56M	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtNoncurrent`	$393.98M	USD	Point-in-time
Obligations under capital leases, excluding current installments	`CapitalLeaseObligationsNoncurrent`	$55.00K	USD	Point-in-time
Obligations under capital leases, excluding current installments	`CapitalLeaseObligationsNoncurrent`	$425.00K	USD	Point-in-time
Lease financing obligation, excluding current installments	`OtherLongTermDebtNoncurrent`	$19.30M	USD	Point-in-time
Lease financing obligation, excluding current installments	`OtherLongTermDebtNoncurrent`	$19.56M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceNoncurrent`	$4.03M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceNoncurrent`	$4.75M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$15.54M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$16.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$488.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$475.70M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 100 shares authorized, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100 shares authorized, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$175.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$175.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-195.15M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-19.71M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$455.99M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$477.20M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net patient service revenue	`Revenues`	$185.59M	USD	2 Qtrs
Net patient service revenue	`Revenues`	$95.99M	USD	1 Quarter
Net patient service revenue	`Revenues`	$90.63M	USD	1 Quarter
Net patient service revenue	`Revenues`	$190.91M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$89.41M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$42.67M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$84.17M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$45.01M	USD	1 Quarter
Supplies	`SuppliesExpense`	$9.52M	USD	1 Quarter
Supplies	`SuppliesExpense`	$18.81M	USD	2 Qtrs
Supplies	`SuppliesExpense`	$18.55M	USD	2 Qtrs
Supplies	`SuppliesExpense`	$9.31M	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$6.72M	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$12.92M	USD	2 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$13.19M	USD	2 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$6.40M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$42.94M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$20.24M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$41.14M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$22.18M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.83M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.42M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.59M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.24M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtNetOfWriteOffOfFinancingCosts`	$-2.77M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.17M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.06M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$14.09M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$7.09M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$25.27M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$13.94M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$90.07M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$179.38M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$100.68M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$199.17M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-4.69M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$6.21M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$561.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-8.26M	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$283.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$356.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$410.00K	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$476.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$-4.41M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$917.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$-7.78M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$6.62M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$450.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$400.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$225.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$225.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$692.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.22M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-4.63M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-8.23M	USD	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$692.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.22M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-4.63M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-8.23M	USD	2 Qtrs
Depreciation and amortization (including amortization of debt issuance cost)	`DepreciationDepletionAndAmortization`	$7.35M	USD	2 Qtrs
Depreciation and amortization (including amortization of debt issuance cost)	`DepreciationDepletionAndAmortization`	$6.24M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.83M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.42M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.59M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.24M	USD	1 Quarter
Paid in kind interest	`PaidInKindInterest`	$3.98M	USD	2 Qtrs
Equity compensation amortization	`ShareBasedCompensation`	$147.00K	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtNetOfWriteOffOfFinancingCosts`	$-2.77M	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$283.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$356.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$410.00K	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$476.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.32M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.83M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$275.00K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-101.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$624.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-133.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-85.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-334.00K	USD	2 Qtrs
Estimated third party payor settlements	`IncreaseDecreaseInOtherAccountsPayable`	$-1.25M	USD	2 Qtrs
Estimated third party payor settlements	`IncreaseDecreaseInOtherAccountsPayable`	$-5.13M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.87M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.71M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.93M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$4.02M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.16M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.77M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.93M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.35M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.93M	USD	2 Qtrs
Deferred financing cost	`PaymentsOfFinancingCosts`	$17.89M	USD	2 Qtrs
Payments under the line of credit	`RepaymentsOfLinesOfCredit`	$35.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$257.50M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.27M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$242.26M	USD	2 Qtrs
Payments on obligations under capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$583.00K	USD	2 Qtrs
Payments on obligations under capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$612.00K	USD	2 Qtrs
Payments on lease financing obligation	`RepaymentsOfFinancialServicesObligations`	$218.00K	USD	2 Qtrs
Payments on lease financing obligation	`RepaymentsOfFinancialServicesObligations`	$236.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.08M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.49M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.65M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.73M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.92M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.41M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.92M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.41M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Interest paid	`InterestPaid`	$19.65M	USD	2 Qtrs
Interest paid	`InterestPaid`	$13.20M	USD	2 Qtrs
Net income taxes paid	`IncomeTaxesPaidNet`	$349.00K	USD	2 Qtrs
Net income taxes paid	`IncomeTaxesPaidNet`	$676.00K	USD	2 Qtrs
Equipment purchased through capital lease financing	`CapitalLeaseObligationsIncurred`	$599.00K	USD	2 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$-19.71M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$692.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$6.22M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.23M	USD	2 Qtrs
Balance	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$-19.71M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.