XML 36 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statements of Operations [Abstract]      
Revenues $ 12,161.6 $ 11,863.9 $ 13,136.1
Cost of Revenue 8,796.7 8,155.0 8,143.7
Gross profit 3,364.9 3,708.9 4,992.4
Selling, general and administrative expenses 2,021.4 1,763.1 1,690.3
Amortization of intangibles and other assets 219.8 193.6 229.5
Goodwill and Intangible Asset Impairment 349.0 261.7 0.0
Restructuring and other special charges 49.1 54.0 24.0
Operating income 725.6 1,436.5 3,048.6
Interest expense (199.6) (179.8) (211.8)
Equity method income, net (1.4) 5.4 26.5
Investment income 28.8 7.5 8.8
Other, net 15.5 (32.2) 15.5
Provision for income taxes 188.5 233.9 690.0
Net earnings 419.2 1,280.6 2,379.5
Less: Net earnings attributable to the noncontrolling interest (1.2) (1.5) (2.2)
Net earnings attributable to Laboratory Corporation of America Holdings $ 418.0 $ 1,279.1 $ 2,377.3
Income (Loss) from Continuing Operations, Per Basic Share $ 4.35 $ 11.00 $ 22.71
Earnings Per Share, Basic $ 4.80 $ 14.05 $ 24.60
Income (Loss) from Continuing Operations Before Income Taxes and Noncontrolling Interest $ 568.9 $ 1,237.4 $ 2,887.6
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 380.4 1,003.5 2,197.6
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 38.8 $ 277.1 $ 181.9
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share $ 0.45 $ 3.04 $ 1.88
Income (Loss) from Continuing Operations, Per Diluted Share 4.33 10.94 22.52
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0.44 3.03 1.87
Earnings Per Share, Diluted $ 4.77 $ 13.97 $ 24.39