10-Q Filing

LIFECARE HOLDINGS, INC. CIK: 1358057 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-355482`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	lch-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 57 Cash Flow Statement 68 Stockholders Equity 8

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.22M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.48M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.07M	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
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6221 and $8477, respectively	`AccountsReceivableNetCurrent`	$80.80M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6221 and $8477, respectively	`AccountsReceivableNetCurrent`	$91.36M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.43M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$113.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$71.17M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$22.71M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$17.86M	USD	Point-in-time
Identifiable intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$38.32M	USD	Point-in-time
Identifiable intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$38.19M	USD	Point-in-time
Goodwill	`Goodwill`	$264.51M	USD	Point-in-time
Goodwill	`Goodwill`	$264.51M	USD	Point-in-time
Total assets	`Assets`	$510.04M	USD	Point-in-time
Total assets	`Assets`	$512.49M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$456.38M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.91M	USD	Point-in-time
Current installments of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$414.00K	USD	Point-in-time
Current installments of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$216.00K	USD	Point-in-time
Current installments of lease financing obligation	`OtherLongTermDebtCurrent`	$519.00K	USD	Point-in-time
Current installments of lease financing obligation	`OtherLongTermDebtCurrent`	$540.00K	USD	Point-in-time
Estimated third party payor settlements	`EstimatedThirdPartyPayorSettlementsCurrent`	$1.91M	USD	Point-in-time
Estimated third party payor settlements	`EstimatedThirdPartyPayorSettlementsCurrent`	$9.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.99M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$7.99M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$9.81M	USD	Point-in-time
Accrued vacation	`AccruedVacationCurrent`	$6.59M	USD	Point-in-time
Accrued vacation	`AccruedVacationCurrent`	$7.76M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.89M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.71M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$9.77M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$7.55M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$663.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$306.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$523.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.66M	USD	Point-in-time
Long-term debt, excluding current portion	`LongTermDebtNoncurrent`	$431.07M	USD	Point-in-time
Obligations under capital leases, excluding current installments	`CapitalLeaseObligationsNoncurrent`	$152.00K	USD	Point-in-time
Obligations under capital leases, excluding current installments	`CapitalLeaseObligationsNoncurrent`	$89.00K	USD	Point-in-time
Lease financing obligation, excluding current installments	`OtherLongTermDebtNoncurrent`	$19.04M	USD	Point-in-time
Lease financing obligation, excluding current installments	`OtherLongTermDebtNoncurrent`	$18.76M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceNoncurrent`	$4.10M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceNoncurrent`	$5.40M	USD	Point-in-time
Other noncurrent liabilities	`OtherNoncurrentLiabilitiesIncludingDeferredIncomeTaxes`	$16.84M	USD	Point-in-time
Other noncurrent liabilities	`OtherNoncurrentLiabilitiesIncludingDeferredIncomeTaxes`	$18.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$558.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$566.26M	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`	$-231.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-221.76M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-56.22M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-46.32M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$512.49M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$510.04M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net patient service revenue	`Revenues`	$247.39M	USD	2 Qtrs
Net patient service revenue	`Revenues`	$95.99M	USD	1 Quarter
Net patient service revenue	`Revenues`	$120.98M	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`	$57.66M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$45.01M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$116.20M	USD	2 Qtrs
Supplies	`SuppliesExpense`	$23.86M	USD	2 Qtrs
Supplies	`SuppliesExpense`	$9.52M	USD	1 Quarter
Supplies	`SuppliesExpense`	$11.56M	USD	1 Quarter
Supplies	`SuppliesExpense`	$18.81M	USD	2 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$6.72M	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$10.55M	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$13.19M	USD	2 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$21.12M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$26.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$53.31M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$42.94M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$22.18M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.24M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$648.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.59M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.25M	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtNetOfWriteOffOfFinancingCosts`	$-2.77M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.17M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.85M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$13.94M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$25.27M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$34.98M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$17.56M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$100.68M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$199.17M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$126.39M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$256.57M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-5.41M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.26M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-4.69M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-9.17M	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$476.00K	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$428.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$327.00K	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$283.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.85M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.98M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.41M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.78M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$450.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$334.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$225.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-9.91M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.23M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.63M	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.91M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.23M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.63M	USD	1 Quarter
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`	$10.12M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.24M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$648.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.59M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.25M	USD	2 Qtrs
Paid in kind interest	`PaidInKindInterest`	$3.98M	USD	2 Qtrs
Paid in kind interest	`PaidInKindInterest`	$8.82M	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtNetOfWriteOffOfFinancingCosts`	$-2.77M	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$476.00K	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$428.00K	USD	1 Quarter
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$327.00K	USD	2 Qtrs
Equity in income of joint venture	`IncomeLossFromEquityMethodInvestments`	$283.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$753.00K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$265.00K	USD	2 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-8.32M	USD	2 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$5.32M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-101.00K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$357.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$624.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$186.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$103.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-85.00K	USD	2 Qtrs
Estimated third party payor settlements	`IncreaseDecreaseInOtherAccountsPayable`	$-1.25M	USD	2 Qtrs
Estimated third party payor settlements	`IncreaseDecreaseInOtherAccountsPayable`	$-7.38M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.87M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.12M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.56M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.93M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.71M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.77M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.01M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.93M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.93M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.01M	USD	2 Qtrs
Deferred financing cost	`PaymentsOfFinancingCosts`	$17.89M	USD	2 Qtrs
Deferred financing cost	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	$32.00M	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$18.50M	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$35.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$257.50M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$242.26M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$3.19M	USD	2 Qtrs
Payments on obligations under capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$612.00K	USD	2 Qtrs
Payments on obligations under capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$253.00K	USD	2 Qtrs
Payments on lease financing obligation	`RepaymentsOfFinancialServicesObligations`	$236.00K	USD	2 Qtrs
Payments on lease financing obligation	`RepaymentsOfFinancialServicesObligations`	$255.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.49M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.80M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.50M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.65M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.57M	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`	$27.07M	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`	$11.57M	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`	$27.07M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Interest paid	`InterestPaid`	$20.80M	USD	2 Qtrs
Interest paid	`InterestPaid`	$19.65M	USD	2 Qtrs
Net income taxes paid	`IncomeTaxesPaidNet`	$665.00K	USD	2 Qtrs
Net income taxes paid	`IncomeTaxesPaidNet`	$349.00K	USD	2 Qtrs
Equipment purchased through capital lease financing	`CapitalLeaseObligationsIncurred`	$118.00K	USD	2 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-56.22M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-46.32M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-9.91M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.23M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.63M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$-56.22M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-46.32M	USD	Point-in-time

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