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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest expense $ (274.9) $ (109.5) $ (96.5)
Operating income 1,002.9 910.4 990.9
Net sales 8,505.7 6,011.6 5,808.3
Reimbursement Revenue 174.4 0.0 0.0
Revenues 8,680.1 6,011.6 5,808.3
Cost of sales 5,602.4 3,808.5 3,585.1
Cost of Reimbursable Expense 174.4 0.0 0.0
Cost of Revenue 5,776.8 3,808.5 3,585.1
Gross profit 2,903.3 2,203.1 2,223.2
Selling, general and administrative expenses 1,622.0 1,198.2 1,128.8
Amortization of intangibles and other assets 164.5 76.7 81.7
Restructuring and other special charges 113.9 17.8 21.8
Equity method income, net 10.0 14.3 16.9
Investment income 1.9 1.1 2.2
Other, net (7.8) 10.4 2.1
Earnings before income taxes 732.1 826.7 915.6
Provision for income taxes 294.1 314.1 340.2
Net earnings 438.0 512.6 575.4
Less: Net earnings attributable to the noncontrolling interest 1.1 1.4 1.6
Net earnings attributable to Laboratory Corporation of America Holdings $ 436.9 $ 511.2 $ 573.8