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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest expense $ (244.2) $ (235.1) $ (219.1)
Operating income 1,325.7 1,305.2 1,270.6
Revenues 11,333.4 10,308.0 9,552.9
Cost of Revenue 8,157.0 7,216.2 6,698.9
Gross profit 3,176.4 3,091.8 2,854.0
Selling, general and administrative expenses 1,570.9 1,499.2 1,345.5
Amortization of intangibles and other assets 231.7 216.5 179.5
Restructuring and other special charges 48.1 70.9 58.4
Equity method income, net 11.6 11.3 7.9
Investment income 7.5 2.1 1.7
Other, net 167.7 (6.0) 12.5
Earnings before income taxes 1,268.3 1,077.5 1,073.6
Net earnings 883.9 1,232.9 712.9
Less: Net earnings attributable to the noncontrolling interest 0.2 5.8 1.1
Net earnings attributable to Laboratory Corporation of America Holdings 883.7 1,227.1 711.8
Income Tax Expense (Benefit) $ 384.4 $ (155.4) $ 360.7