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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 2,218.7 $ 1,516.4 $ 3,991.0 $ 2,947.1
Reimbursement Revenue 50.4 0.0 71.3 0.0
Revenues 2,269.1 1,516.4 4,062.3 2,947.1
Cost of sales 1,444.1 947.8 2,593.2 1,861.7
Cost of Reimbursable Expense 50.4 0.0 71.3 0.0
Cost of Revenue 1,494.5 947.8 2,664.5 1,861.7
Gross profit 774.6 568.6 1,397.8 1,085.4
Selling, general and administrative expenses 392.4 297.9 832.8 582.8
Amortization of intangibles and other assets 46.6 22.0 79.0 43.0
Restructuring and other special charges 14.3 2.0 33.6 9.6
Operating income 321.3 246.7 452.4 450.0
Other income (expenses):        
Interest expense (57.9) (25.8) (162.2) (51.5)
Equity method income, net 2.9 3.7 5.6 6.7
Investment income 0.3 0.4 0.9 0.6
Other, net (2.3) 7.5 (1.2) 14.4
Earnings before income taxes 264.3 232.5 295.5 420.2
Provision for income taxes 95.6 90.8 125.2 165.0
Net earnings 168.7 141.7 170.3 255.2
Less: Net earnings attributable to the noncontrolling interest (0.3) (0.4) (0.6) (0.8)
Net earnings attributable to Laboratory Corporation of America Holdings $ 168.4 $ 141.3 $ 169.7 $ 254.4
Basic earnings per common share (in dollars per share) $ 1.67 $ 1.67 $ 1.76 $ 3.00
Diluted earnings per common share (in dollars per share) $ 1.64 $ 1.64 $ 1.73 $ 2.94
Covance [Member]        
Revenues $ 620.8   $ 888.0  
Other income (expenses):        
Net earnings attributable to Laboratory Corporation of America Holdings $ 35.8   $ 20.4