XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net restructuring and other special charges $ 15.1 $ 6.5 $ 72.1 $ 35.3
Operating Income (Loss) 469.4 766.9 1,683.2 2,528.9
Interest Expense 46.3 42.2 131.0 169.0
Equity method income, net 1.7 8.4 6.5 20.9
Investment income 4.1 3.2 7.2 8.3
Other, net (7.3) 31.9 (27.8) 51.5
Earnings before income taxes 421.6 768.2 1,538.1 2,440.6
Provision for income taxes 68.4 180.4 333.9 614.7
Net earnings 353.2 587.8 1,204.2 1,825.9
Net Income (Loss) Attributable to Noncontrolling Interest 0.4 0.5 1.2 1.6
Net Income (Loss) Attributable to Parent 352.8 587.3 1,203.0 1,824.3
Revenues 3,606.1 4,062.6 11,202.6 12,064.8
Cost of Revenue 2,546.4 2,677.1 7,787.3 7,815.5
Gross Profit 1,059.7 1,385.5 3,415.3 4,249.3
Selling, general and administrative expenses 510.0 519.9 1,460.1 1,408.4
Amortization of intangibles and other assets 65.2 92.2 198.7 276.7
Asset Impairment Charges 0.0 0.0 1.2 0.0
Revenues 3,606.1 4,062.6 11,202.6 12,064.8
Cost of Revenue 2,546.4 2,677.1 7,787.3 7,815.5
Gross Profit 1,059.7 1,385.5 3,415.3 4,249.3
Selling, general and administrative expenses 510.0 519.9 1,460.1 1,408.4
Amortization of intangibles and other assets 65.2 92.2 198.7 276.7
Asset Impairment Charges 0.0 0.0 1.2 0.0
Net restructuring and other special charges 15.1 6.5 72.1 35.3
Operating Income (Loss) 469.4 766.9 1,683.2 2,528.9
Other income (expenses):        
Interest expense (46.3) (42.2) (131.0) (169.0)
Equity method income, net 1.7 8.4 6.5 20.9
Investment income 4.1 3.2 7.2 8.3
Other, net (7.3) 31.9 (27.8) 51.5
Earnings before income taxes 421.6 768.2 1,538.1 2,440.6
Provision for income taxes 68.4 180.4 333.9 614.7
Net earnings 353.2 587.8 1,204.2 1,825.9
Less: Net earnings attributable to the noncontrolling interest (0.4) (0.5) (1.2) (1.6)
Net earnings attributable to Laboratory Corporation of America Holdings $ 352.8 $ 587.3 $ 1,203.0 $ 1,824.3
Basic earnings per common share (in dollars per share) $ 3.91 $ 6.10 $ 13.09 $ 18.79
Diluted earnings per common share (in dollars per share) $ 3.90 $ 6.05 $ 13.02 $ 18.63