10-Q Filing

LIFECARE HOLDINGS, INC. CIK: 1358057 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-311390`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	cik0001358057-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 57 Cash Flow Statement 66 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`	$9.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.56M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.75M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $9,771 and $11,293, respectively	`AccountsReceivableNetCurrent`	$67.28M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $9,771 and $11,293, respectively	`AccountsReceivableNetCurrent`	$75.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.97M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$105.76M	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`	$127.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$77.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$76.83M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$26.34M	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`	$37.43M	USD	Point-in-time
Goodwill	`Goodwill`	$248.34M	USD	Point-in-time
Goodwill	`Goodwill`	$255.67M	USD	Point-in-time
Total Assets	`Assets`	$503.11M	USD	Point-in-time
Total Assets	`Assets`	$477.20M	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrent`	$1.93M	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrent`	$3.05M	USD	Point-in-time
Current installments of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$838.00K	USD	Point-in-time
Current installments of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$620.00K	USD	Point-in-time
Current installment of lease financing obligation	`OtherLongTermDebtCurrent`	$509.00K	USD	Point-in-time
Current installment of lease financing obligation	`OtherLongTermDebtCurrent`	$480.00K	USD	Point-in-time
Estimated third party payor settlements	`EstimatedThirdPartyPayorSettlementsCurrent`	$9.36M	USD	Point-in-time
Estimated third party payor settlements	`EstimatedThirdPartyPayorSettlementsCurrent`	$4.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.45M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$6.48M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$4.11M	USD	Point-in-time
Accrued vacation	`AccruedVacationCurrent`	$4.66M	USD	Point-in-time
Accrued vacation	`AccruedVacationCurrent`	$7.00M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$6.38M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$10.11M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$5.77M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$4.32M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$473.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$282.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.06M	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtNoncurrent`	$393.98M	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtNoncurrent`	$426.06M	USD	Point-in-time
Obligations under capital leases, excluding current installments	`CapitalLeaseObligationsNoncurrent`	$37.00K	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`	$19.56M	USD	Point-in-time
Lease financing obligation, excluding current installments	`OtherLongTermDebtNoncurrent`	$19.17M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceNoncurrent`	$4.03M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceNoncurrent`	$4.82M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$16.98M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$15.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$536.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$488.68M	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	`AdditionalPaidInCapitalCommonStock`	$175.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$175.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-208.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.92M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-33.03M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$503.11M	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`	$293.51M	USD	3 Qtrs
Net patient service revenue	`Revenues`	$85.53M	USD	1 Quarter
Net patient service revenue	`Revenues`	$271.13M	USD	3 Qtrs
Net patient service revenue	`Revenues`	$102.60M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$41.29M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$50.53M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$125.46M	USD	3 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$139.94M	USD	3 Qtrs
Supplies	`SuppliesExpense`	$27.26M	USD	3 Qtrs
Supplies	`SuppliesExpense`	$10.54M	USD	1 Quarter
Supplies	`SuppliesExpense`	$8.71M	USD	1 Quarter
Supplies	`SuppliesExpense`	$29.35M	USD	3 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$8.69M	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$6.50M	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$21.88M	USD	3 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$19.42M	USD	3 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$19.56M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$26.45M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$60.70M	USD	3 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$69.39M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.78M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.37M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.18M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.76M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtNetOfWriteOffOfFinancingCosts`	$-2.77M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.53M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.46M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$15.57M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$21.28M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$40.84M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$7.18M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$87.38M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$266.76M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$115.90M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$315.07M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-13.30M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.85M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$4.37M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-21.56M	USD	3 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$85.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$562.00K	USD	3 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$243.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$653.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$-1.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$-13.22M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$-21.00M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$5.02M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$492.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$550.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-13.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-21.55M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.53M	USD	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-13.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-21.55M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.53M	USD	3 Qtrs
Depreciation and amortization (including amortization of debt issuance cost)	`DepreciationDepletionAndAmortization`	$9.20M	USD	3 Qtrs
Depreciation and amortization (including amortization of debt issuance cost)	`DepreciationDepletionAndAmortization`	$11.88M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.78M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.37M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.18M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.76M	USD	1 Quarter
Paid in kind interest	`PaidInKindInterest`	$6.52M	USD	3 Qtrs
Equity compensation amortization	`ShareBasedCompensation`	$196.00K	USD	3 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtNetOfWriteOffOfFinancingCosts`	$-2.77M	USD	3 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$85.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$562.00K	USD	3 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$243.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$653.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.63M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.99M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$194.00K	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-191.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.28M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$921.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.83M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-460.00K	USD	3 Qtrs
Estimated third party payor settlements	`IncreaseDecreaseInOtherAccountsPayable`	$-6.54M	USD	3 Qtrs
Estimated third party payor settlements	`IncreaseDecreaseInOtherAccountsPayable`	$5.05M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.93M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.35M	USD	3 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.23M	USD	3 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.90M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.80M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$75.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.63M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.17M	USD	3 Qtrs
Payments for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$33.26M	USD	3 Qtrs
Payments for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.43M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.63M	USD	3 Qtrs
Deferred financing cost	`PaymentsOfFinancingCosts`	$22.29M	USD	3 Qtrs
Payments under the line of credit	`RepaymentsOfLinesOfCredit`	$35.00M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$304.70M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$243.02M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.91M	USD	3 Qtrs
Payments on obligations under capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$857.00K	USD	3 Qtrs
Payments on obligations under capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$693.00K	USD	3 Qtrs
Payments on lease financing obligation	`RepaymentsOfFinancialServicesObligations`	$329.00K	USD	3 Qtrs
Payments on lease financing obligation	`RepaymentsOfFinancialServicesObligations`	$356.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.10M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.34M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.07M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-33.01M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.75M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.75M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
Interest paid	`InterestPaid`	$22.49M	USD	3 Qtrs
Interest paid	`InterestPaid`	$31.93M	USD	3 Qtrs
Net income taxes paid	`IncomeTaxesPaidNet`	$687.00K	USD	3 Qtrs
Net income taxes paid	`IncomeTaxesPaidNet`	$359.00K	USD	3 Qtrs
Equipment purchased through capital lease financing	`CapitalLeaseObligationsIncurred`	$599.00K	USD	3 Qtrs
Equipment purchased through capital lease financing	`CapitalLeaseObligationsIncurred`	$86.00K	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$-33.03M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-13.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.55M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$4.53M	USD	3 Qtrs
Balance	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$-33.03M	USD	Point-in-time

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