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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues $ 2,881.7 $ 2,866.3 $ 5,672.9 $ 5,714.6
Cost of Revenue 2,056.9 2,031.2 4,058.4 4,100.5
Gross Profit 824.8 835.1 1,614.5 1,614.1
Selling, general and administrative expenses 415.3 395.2 809.1 792.2
Amortization of intangibles and other assets 60.2 58.5 117.3 120.8
Net restructuring and other special charges 13.6 12.2 34.2 26.5
Operating Income (Loss) 335.7 369.2 653.9 674.6
Other income (expenses):        
Interest expense (59.1) (63.1) (115.8) (126.6)
Equity method income, net 2.5 3.0 5.5 5.5
Investment income 1.4 0.8 2.0 1.4
Other, net (10.5) 2.8 (20.9) (0.7)
Earnings before income taxes 270.0 312.7 524.7 554.2
Provision for income taxes 79.3 78.6 148.1 147.6
Net earnings 190.7 234.1 376.6 406.6
Less: Net earnings attributable to the noncontrolling interest (0.3) (0.3) (0.6) 0.4
Net earnings attributable to Laboratory Corporation of America Holdings $ 190.4 $ 233.8 $ 376.0 $ 407.0
Basic earnings per common share (in dollars per share) $ 1.94 $ 2.29 $ 3.82 $ 3.99
Diluted earnings per common share (in dollars per share) $ 1.93 $ 2.27 $ 3.79 $ 3.94