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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net restructuring and other special charges $ 8.6 $ 12.6
Operating Income (Loss) 341.0 687.9
Interest Expense 50.7 42.2
Equity method income, net (2.1) 3.4
Investment income 2.2 1.1
Other, net (12.6) (10.1)
Earnings before income taxes 277.8 640.1
Provision for income taxes 64.5 148.0
Net earnings 213.3 492.1
Net Income (Loss) Attributable to Noncontrolling Interest 0.4 0.5
Net Income (Loss) Attributable to Parent 212.9 491.6
Revenues 3,777.9 3,899.6
Cost of Revenue 2,803.2 2,666.7
Gross Profit 974.7 1,232.9
Selling, general and administrative expenses 553.6 464.1
Amortization of intangibles and other assets 69.3 67.1
Asset Impairment Charges 2.2 1.2
Revenues 3,777.9 3,899.6
Cost of Revenue 2,803.2 2,666.7
Gross Profit 974.7 1,232.9
Selling, general and administrative expenses 553.6 464.1
Amortization of intangibles and other assets 69.3 67.1
Asset Impairment Charges 2.2 1.2
Net restructuring and other special charges 8.6 12.6
Operating Income (Loss) 341.0 687.9
Other income (expenses):    
Interest expense (50.7) (42.2)
Equity method income, net (2.1) 3.4
Investment income 2.2 1.1
Other, net (12.6) (10.1)
Earnings before income taxes 277.8 640.1
Provision for income taxes 64.5 148.0
Net earnings 213.3 492.1
Less: Net earnings attributable to the noncontrolling interest (0.4) (0.5)
Net earnings attributable to Laboratory Corporation of America Holdings $ 212.9 $ 491.6
Basic earnings per common share (in dollars per share) $ 2.41 $ 5.27
Diluted earnings per common share (in dollars per share) $ 2.39 $ 5.23