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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues $ 3,896,100,000 $ 2,928,500,000 $ 9,488,700,000 $ 8,601,400,000
Cost of Revenue 2,336,700,000 2,111,200,000 6,440,800,000 6,169,600,000
Gross Profit 1,559,400,000 817,300,000 3,047,900,000 2,431,800,000
Selling, general and administrative expenses 419,500,000 401,500,000 1,211,300,000 1,210,600,000
Amortization of intangibles and other assets 62,200,000 61,700,000 184,600,000 179,000,000.0
Asset Impairment Charges 23,500,000 0 460,900,000 0
Net restructuring and other special charges 7,100,000 14,200,000    
Operating Income (Loss) 1,047,100,000 339,900,000 1,152,200,000 993,800,000
Other income (expenses):        
Interest expense (51,400,000) (60,500,000) (159,100,000) (176,300,000)
Equity method income, net 3,000,000.0 2,400,000 (1,800,000) 7,900,000
Investment income 2,600,000 2,900,000 7,700,000 4,800,000
Other, net (54,200,000) 2,700,000 (22,600,000) (18,200,000)
Earnings before income taxes 947,100,000 287,400,000 976,400,000 812,000,000.0
Provision for income taxes 243,400,000 66,400,000 358,000,000.0 214,400,000
Net earnings 703,700,000 221,000,000.0 618,400,000 597,600,000
Less: Net earnings attributable to the noncontrolling interest (300,000) (300,000) (600,000) (900,000)
Net earnings attributable to Laboratory Corporation of America Holdings $ 703,400,000 $ 220,700,000 $ 617,800,000 $ 596,700,000
Basic earnings per common share (in dollars per share) $ 7.22 $ 2.26 $ 6.35 $ 6.08
Diluted earnings per common share (in dollars per share) $ 7.17 $ 2.25 $ 6.31 $ 6.04