XML 51 R40.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summary of segment performance
The following is a summary of segment performance:
(in thousands)For the Three Months Ended June 30,
CAGWaterLPDOtherConsolidated Total
2022
Revenue$784,087 $39,195 $29,889 $7,375 $860,546 
Income from operations$156,526 $17,920 $3,230 $1,390 $179,066 
Interest expense, net(7,983)
Income before provision for income taxes171,083 
Provision for income taxes39,104 
Net income131,979 
Less: Net income attributable to noncontrolling interest— 
Net income attributable to IDEXX Laboratories, Inc. stockholders$131,979 
2021
Revenue$745,595 $37,191 $33,524 $9,832 $826,142 
Income from operations$234,735 $17,228 $6,868 $422 $259,253 
Interest expense, net(7,522)
Income before provision for income taxes251,731 
Provision for income taxes49,125 
Net income202,606 
Less: Net income attributable to noncontrolling interest24 
Net income attributable to IDEXX Laboratories, Inc. stockholders$202,582 
(in thousands)For the Six Months ended June 30,
CAGWaterLPDOtherConsolidated Total
2022
Revenue$1,545,271 $75,566 $60,759 $15,499 $1,697,095 
Income from operations$379,651 $34,574 $9,967 $3,218 $427,410 
Interest expense, net(14,836)
Income before provision for income taxes412,574 
Provision for income taxes86,630 
Net income325,944 
Less: Net income attributable to noncontrolling interest— 
Net income attributable to IDEXX Laboratories, Inc. stockholders$325,944 
2021
Revenue$1,438,362 $71,231 $72,794 $21,462 $1,603,849 
Income from operations$447,945 $32,000 $20,676 $6,254 $506,875 
Interest expense, net(15,054)
Income before provision for income taxes491,821 
Provision for income taxes84,926 
Net income406,895 
Less: Net income attributable to noncontrolling interest56 
Net income attributable to IDEXX Laboratories, Inc. stockholders$406,839