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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues $ 2,928.5 $ 2,831.3 $ 8,601.4 $ 8,545.9
Cost of Revenue 2,111.2 2,041.4 6,169.6 6,141.9
Gross Profit 817.3 789.9 2,431.8 2,404.0
Selling, general and administrative expenses 401.5 381.8 1,210.6 1,174.0
Amortization of intangibles and other assets 61.7 54.7 179.0 175.5
Net restructuring and other special charges 14.2 10.0 48.4 36.5
Operating Income (Loss) 339.9 343.4 993.8 1,018.0
Other income (expenses):        
Interest expense (60.5) (59.4) (176.3) (186.0)
Equity method income, net 2.4 3.0 7.9 8.5
Investment income 2.9 2.8 4.8 4.2
Other, net 2.7 209.8 (18.2) 209.1
Earnings before income taxes 287.4 499.6 812.0 1,053.8
Provision for income taxes 66.4 180.6 214.4 328.1
Net earnings 221.0 319.0 597.6 725.7
Less: Net earnings attributable to the noncontrolling interest (0.3) (0.2) (0.9) 0.1
Net earnings attributable to Laboratory Corporation of America Holdings $ 220.7 $ 318.8 $ 596.7 $ 725.8
Basic earnings per common share (in dollars per share) $ 2.26 $ 3.14 $ 6.08 $ 7.13
Diluted earnings per common share (in dollars per share) $ 2.25 $ 3.10 $ 6.04 $ 7.04