LifeCare Holdings, Inc.

CIK:0001358057|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Condensed Consolidated Statements of Operations [Abstract]
Net patient service revenue	$ 119,844	$ 102,599	$ 367,237	$ 293,510
Salaries, wages and benefits	57,968	50,526	174,167	139,941
Supplies	11,122	10,540	34,984	29,354
Rent	10,008	8,685	31,132	21,878
Other operating expenses	25,501	26,446	78,806	69,388
Provision for doubtful accounts	1,181	1,781	3,428	4,367
Depreciation and amortization	2,214	2,354	7,067	6,528
Reorganization cost	5,717		5,717
Goodwill impairment charge	85,700		85,700
Loss on early extinguishment of debt				2,772
Interest expense, net	18,289	15,571	53,265	40,845
Total expenses	217,700	115,903	474,266	315,073
Operating loss	(97,856)	(13,304)	(107,029)	(21,563)
Equity in income of joint venture	124	85	451	562
Loss before income taxes	(97,732)	(13,219)	(106,578)	(21,001)
Provision (benefit) for income taxes	(229)	100	832	550
Net loss	$ (97,503)	$ (13,319)	$ (107,410)	$ (21,551)

Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 31,540	$ 11,569
Accounts receivable, net of allowance for doubtful accounts of $6,073 and $8,477, respectively	78,617	91,364
Other current assets	10,032	10,244
Total current assets	120,189	113,177
Property and equipment, net	69,327	73,767
Other assets, net	15,696	22,706
Identifiable intangibles, net	38,128	38,323
Goodwill	178,812	264,512
Total assets	422,152	512,485
Current liabilities:
Current portion of long-term debt	461,970	5,912
Current installments of obligations under capital leases	190	414
Current installments of lease financing obligation	551	519
Estimated third party payor settlements	5,377	9,287
Accounts payable	23,329	30,991
Accrued payroll	5,599	9,806
Accrued vacation	7,121	6,589
Accrued interest	16,918	13,705
Accrued other	9,301	9,772
Income taxes payable	239	663
Total current liabilities	530,595	87,658
Long-term debt, excluding current portion		431,073
Obligations under capital leases, excluding current installments	56	89
Lease financing obligation, excluding current installments	18,621	19,038
Accrued insurance	5,823	4,102
Other noncurrent liabilities	20,783	16,841
Total liabilities	575,878	558,801
Commitments and contingencies
Stockholder's deficit:
Common stock, $0.01 par value, 100 shares authorized, issued and outstanding
Additional paid-in capital	175,441	175,441
Accumulated deficit	(329,167)	(221,757)
Total stockholder's deficit	(153,726)	(46,316)
Total Liabilities and Stockholder's Deficit	$ 422,152	$ 512,485