LABORATORY CORPORATION OF AMERICA HOLDINGS LH Cash Flow

Laboratory corporation of america holdings (LH)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Payments on bridge loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings
-316,900	227,300	221,000	190,700	185,900	158,200	319,100	234,100	172,500	690,200	174,300	185,100	183,300	164,300	179,800	204,400	164,400	110,200	155,000	170,400	3,100	119,900	137,500	-257,400	512,600	126,700	148,700	152,400	147,600	120,600	148,400	153,800	162,000	138,200	137,600	126,700	130,600	135,100	143,100	157,200	136,200	145,800	134,600	139,400	135,800
Income (Loss) from Continuing Operations Before Income Taxes and Noncontrolling Interest
-	-	-	-	-	-	-	-	241,500	-	266,900	279,100	265,300	-	263,400	311,900	253,600	-	248,000	266,300	32,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net earnings to net cash provided by operating activities:
Contingent consideration adjustment
2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization Of Leased Assets
57,200	50,000	50,100	32,800	61,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accreted interest on zero-coupon subordinated notes
-	-	-	-	-	-	-	-	-	-	100	0	200	300	400	400	500	500	500	500	500	-	-	-	2,000	-	-	-	600	700	700	600	700	700	700	1,100	1,400	1,400	1,500	1,400	1,500	1,500	1,400	2,600	2,800
Depreciation and amortization
144,600	155,800	144,300	141,600	135,500	137,700	133,100	138,500	142,800	145,000	133,100	127,000	128,100	130,300	121,100	125,400	122,400	118,300	119,600	117,300	102,600	63,500	58,500	-122,000	245,500	59,800	57,900	56,900	55,500	59,400	57,600	56,100	56,700	57,800	57,700	57,800	58,100	52,900	50,600	50,100	50,000	49,800	49,500	48,500	47,300
Stock compensation
17,900	23,500	31,500	26,500	25,500	20,800	18,800	26,200	25,800	23,900	33,100	25,000	27,700	27,700	24,300	25,800	31,800	24,400	23,700	27,700	26,300	10,600	11,500	-22,100	45,700	8,400	6,800	10,800	11,300	5,900	11,100	11,900	11,800	11,700	11,700	12,400	13,100	10,500	10,100	10,700	8,700	10,300	9,300	9,600	7,200
Loss on sale of assets
-	-	-	-	-	-	1,600	2,000	-1,700	-	-1,700	-100	-500	6,900	-5,600	-500	8,400	-1,700	-3,000	-1,200	1,300	-3,500	-200	3,700	12,500	-400	5,000	-500	-200	-200	1,100	-6,200	-200	-6,000	-800	-800	400	-1,700	-3,700	800	500	-4,100	900	300	300
Cumulative earnings in excess of distributions from equity method investments
-	-	-	-	-	-	-1,600	800	500	-	-3,600	4,100	-100	-800	-300	100	-200	-1,900	-800	1,400	1,200	2,500	100	-2,600	5,800	2,500	-2,000	3,100	600	-2,300	-600	3,800	-500	-1,700	700	-800	400	-5,700	-600	-400	400	-2,000	-500	-300	600
Asset Impairment Charges
437,400	-	0	0	0	-	3,000	0	2,300	-	8,400	15,100	0	-	-	-	-	24,900	0	0	14,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
5,100	-	8,100	-1,900	17,100	-	-23,900	0	36,000	-	4,500	-23,300	18,700	49,500	-9,800	-3,200	18,200	-18,100	-11,100	-22,300	17,400	31,200	-2,400	-28,800	27,700	27,900	0	18,000	10,300	8,400	11,600	12,700	20,600	13,200	8,500	-18,500	-1,000	15,000	-5,600	-6,500	10,000	-300	1,600	-2,000	10,300
Other Operating Activities, Cash Flow Statement
43,300	-	-	-	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in assets and liabilities (net of effects of acquisitions):
Increase in accounts receivable (net)
-46,700	-80,200	53,200	300	90,800	-58,700	21,700	-66,800	53,600	-87,300	50,300	23,500	26,700	-25,600	9,600	-6,200	105,800	-18,100	36,100	13,500	40,300	-28,600	11,700	16,900	31,100	-28,000	-4,200	23,900	75,800	-49,800	14,200	-15,500	50,500	-28,800	7,500	-10,100	68,500	-23,700	86,000	1,400	-38,400	-88,000	36,200	16,200	-38,400
Increase (Decrease) in Unbilled Contract Receivable
1,100	-	-	-	26,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Unbilled Receivables
-	-	-	-	-	75,500	-31,000	13,700	22,800	-28,800	-12,300	27,500	9,600	-53,700	9,300	35,700	14,700	-6,100	-1,700	-800	25,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in inventories
10,600	7,400	12,800	5,100	-3,400	10,100	4,100	6,100	-1,400	10,000	5,700	5,600	-4,900	4,800	5,400	1,800	-2,400	9,800	-100	-5,300	-4,200	-1,000	4,700	-3,700	300	9,700	-100	2,500	3,200	2,000	1,000	7,200	-3,900	5,200	-1,800	8,300	-5,600	8,100	-6,100	-3,900	7,700	1,000	-8,600	4,200	7,700
Decrease in prepaid expenses and other
3,000	48,400	10,300	-8,900	-7,200	17,800	12,900	-6,600	33,800	13,600	-28,600	-21,000	16,200	7,000	22,900	-25,900	22,500	-38,800	-8,600	-22,600	7,700	14,600	22,600	-37,200	12,900	27,000	4,400	7,900	-7,000	-3,600	8,000	-1,700	-9,800	700	14,200	-8,000	-16,700	24,900	-22,400	6,000	5,000	-17,300	-5,200	2,900	13,700
Decrease in accounts payable
-56,500	15,400	80,800	-80,200	-28,800	123,200	11,400	-31,500	-59,800	63,200	100,500	7,000	1,600	47,600	-2,000	-20,200	-34,100	55,000	9,500	15,100	-48,900	-5,000	9,500	-4,500	-21,200	35,600	8,300	6,800	10,100	-10,600	3,900	9,000	-32,300	32,100	16,500	-14,700	-42,600	59,000	-18,000	23,900	-14,800	8,400	8,500	-9,200	15,100
Increase (Decrease) in Deferred Revenue
-11,200	39,100	4,000	-10,600	5,600	60,600	-102,700	-17,900	26,200	59,700	8,900	-7,200	-2,800	-4,600	-9,300	12,900	19,800	3,700	-900	-11,500	14,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities
-149,100	33,700	-7,000	-22,200	-136,600	-11,000	110,200	-12,900	-58,500	16,100	-56,400	21,400	-83,900	-6,400	-13,300	9,000	-46,600	8,900	13,600	84,500	-145,000	-	-	-	-10,700	-	-	-	35,200	15,900	-5,800	-70,200	13,700	-5,700	-36,100	8,700	102,700	-12,800	5,900	-24,500	65,200	-41,200	18,700	-29,800	6,500
Net Cash Provided by (Used in) Operating Activities
203,800	569,800	455,600	253,500	165,800	486,400	251,900	387,400	179,700	565,000	396,700	310,500	225,900	470,100	249,900	349,500	127,600	384,600	288,000	396,700	-86,900	213,700	175,600	-389,300	739,000	248,700	234,200	137,600	198,200	254,200	203,800	186,300	197,100	278,600	176,800	184,900	215,300	259,200	176,200	216,200	232,000	224,700	246,400	182,400	208,900
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures
106,600	128,200	92,600	85,200	94,200	122,200	97,900	87,200	72,500	96,100	75,300	69,300	72,200	74,300	66,200	67,000	71,400	85,100	67,800	69,100	33,800	46,300	52,600	-98,900	203,500	59,600	52,100	48,800	41,700	61,400	44,100	34,100	34,200	30,100	40,400	45,800	29,400	32,800	34,300	34,500	24,500	37,600	22,700	23,700	30,700
Proceeds from sale of assets
7,000	1,900	1,600	300	3,900	0	49,400	600	100	4,300	200	200	800	6,900	2,600	18,800	2,500	100	0	200	300	500	600	-1,100	1,400	500	200	200	200	300	1,400	1,000	500	100	500	2,700	400	900	1,500	800	1,600	0	700	200	0
Proceeds from Sale of Equity Method Investments
900	-	6,000	3,000	400	-	0	0	0	-	-	-	-	0	800	0	12,700	0	0	0	8,000	-	-	-	31,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of Credit Facility Payment
-	-	-	-	-	-	-	-	-	-	-50,000	133,700	-133,700	-150,000	0	0	0	0	-125,000	-85,000	-75,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of licensing technology
-	-	-	-	-	-	-	-	-	200	0	1,100	1,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	400	100	1,000	1,000	0	0	0	0	-	-	-	-	-	-	-	-
Payments for (Proceeds from) Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in equity affiliates
7,900	6,200	5,500	12,500	3,300	8,000	7,000	5,400	1,900	3,000	7,100	5,000	21,100	400	2,200	7,800	2,100	300	6,600	1,200	3,600	7,300	4,400	-11,700	20,200	3,200	0	1,000	2,300	11,100	10,000	4,900	0	-	-	-	-	-	-	-	-	0	0	0	4,300
Acquisition of businesses, net of cash acquired
0	23,100	149,200	656,400	47,300	38,700	0	79,100	0	83,300	1,231,300	416,200	151,800	151,800	252,700	50,800	93,300	43,300	8,300	62,200	3,622,200	94,100	-400	-93,700	159,400	50,500	2,800	88,500	17,700	49,300	260,600	25,200	0	92,000	1,300	29,600	15,400	961,600	44,800	142,700	32,200	44,600	160,500	1,600	5,900
Net Cash Provided by (Used in) Investing Activities
-106,600	-152,100	-239,700	-750,800	-140,500	-146,900	549,900	-122,000	-74,300	-178,300	-1,313,500	-491,400	-245,500	-219,600	-317,700	-106,800	-151,600	-128,600	-82,700	-132,300	-3,651,300	-147,300	-55,600	202,900	-350,100	-112,800	-47,200	-138,100	-61,500	-121,900	-310,700	-65,400	-36,200	-121,300	-41,700	-72,800	-44,500	-995,000	-88,600	-177,400	-56,500	-84,200	-182,900	-25,600	-41,300
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Senior Notes offerings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,900,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bridge loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Senior Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250,000	0	0	250,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred payments on acquisitions
-	-	-	-	-	-	-	-	-	-	100	100	1,400	2,700	-900	-4,000	9,800	0	0	100	0	-	-	-	6,700	-	-	-	0	0	-2,700	1,200	1,500	-700	500	100	100	7,500	-1,000	-600	-1,400	4,600	-400	-500	-400
Payments on vendor-financed equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,600	0	0	-1,300	3,000	0	-1,500	0
Increase in bank overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,100	-3,900
Repayments of Other Long-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	350,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facilities
151,700	22,000	53,500	286,300	133,200	18,000	54,500	165,000	229,700	68,500	574,000	520,000	229,700	139,500	0	0	0	0	0	0	60,000	0	0	0	0	0	157,000	225,000	30,000	0	220,000	85,000	0	795,000	0	0	85,000	0	65,000	30,000	65,000	4,200	0	0	0
Payments on revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	0	670,000	95,000	100,000	235,000	0	40,000	45,000	65,000	30,000	20,000	120,000	0	0	0	0
Principal payments on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	318,800	18,700	18,800	18,700	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500
Payments On Zero Coupon Subordinated Notes
-	-	-	-	-	-	300	0	0	-	1,900	300	22,900	8,800	17,800	13,700	0	-	-	-	-	-	-	-	18,900	-	-	-	12,900	5,700	0	2,300	200	4,500	1,500	142,800	6,300	16,400	-700	-4,300	0	-	-	-	-
Proceeds from Issuance of Other Long-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,000,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-400	37,100	24,000	0	-24,000	24,100	-	-	-	-	-	-	-	-	3,100	0	0	500	9,700	0	0	0	-	-	-	-
Proceeds from sale of interest in a consolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	137,500	0	0	0	0
Cash paid to acquire an interest in a consolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	137,500	0	0	0	0
Noncontrolling interest distributions
-	-	-	-	-	-	200	300	5,600	-	300	200	300	400	100	300	1,300	0	0	0	0	300	300	-600	1,200	300	200	100	300	300	200	400	300	1,600	3,100	900	1,800	4,100	2,700	3,000	2,800	3,600	2,700	3,000	2,000
Repayments of Long-term Capital Lease Obligations
-	-	-	-	-	-	1,700	2,300	2,800	-	1,700	2,000	2,300	2,400	3,000	1,500	1,500	1,000	1,100	1,000	1,200	800	400	-1,200	1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment, Tax Withholding, Share-based Payment Arrangement
22,000	-	300	20,700	19,400	-	1,100	20,100	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Benefit Realized Upon Conversion Of Zero Coupon Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net share settlement tax payments from issuance of stock to employees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	6,200	1,400	2,500	400	3,300	-3,700	5,900	2,300	800	5,500	2,400	600	1,900	700	5,000	600	200	5,800	3,800	2,700	-100	1,600	900	500	300	100	-400
Conversion of zero-coupon convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of stock to employees
26,900	5,700	25,100	9,200	24,700	1,700	24,400	14,600	28,400	8,400	33,800	4,400	27,000	3,200	26,700	28,800	11,900	9,700	33,200	25,500	30,500	-	-	-	114,800	-	-	-	28,800	10,700	31,700	17,200	26,200	7,100	8,400	64,200	38,700	39,000	7,700	18,600	18,100	6,700	9,900	2,500	5,700
Payments for Repurchase of Common Stock
100,000	50,000	100,000	199,900	100,100	400,000	150,000	75,000	75,000	40,000	42,100	108,000	148,000	43,900	0	0	0	-	-	-	-	39,100	65,700	-104,800	269,000	250,100	286,300	365,300	113,900	136,000	127,900	130,300	122,300	175,100	146,000	60,500	262,300	0	121,900	115,900	100,300	113,900	159,100	0	0
Other Financing Cash Flows
7,700	-	-	-	8,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Lines of Credit
151,700	-	88,500	251,300	133,200	-	54,500	180,000	214,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Financing Activities
-102,800	-449,400	-115,000	414,900	-103,200	-802,900	-128,900	-393,100	-65,000	-480,300	1,018,600	106,800	-51,900	-369,300	6,700	-307,700	-700	-239,600	-86,700	-118,800	3,629,700	-58,800	-18,400	77,200	-200,600	95,400	-126,800	-74,100	-412,800	-130,700	446,600	-125,100	-191,600	-83,400	-166,700	-187,800	-207,100	868,900	-95,200	-105,500	-152,900	-118,800	-164,100	-304,900	-13,100
Effect of exchange rate changes on cash and cash equivalents
-8,300	8,100	-5,200	-1,000	-100	-2,400	-1,700	-12,600	4,700	1,200	7,500	8,400	3,400	-15,200	-10,900	8,300	4,600	-13,000	-24,600	27,000	-25,100	-3,300	-5,400	8,700	-12,300	-1,400	2,600	100	-4,900	-800	1,900	-1,300	1,300	-400	-1,500	-800	1,000	700	700	-1,700	1,100	0	800	1,500	-1,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
-13,900	-	-	-	-78,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-	-	-	-	-	-465,800	671,200	-140,300	45,100	-92,400	109,300	-65,700	-68,100	-134,000	-72,000	-56,700	-20,100	-	-	-	-133,600	4,300	96,200	-100,500	176,000	229,900	62,800	-74,500	-281,000	800	341,600	-5,500	-29,400	73,500	-33,100	-76,500	-35,300	133,800	-6,900	-68,400	23,700	21,700	-99,800	-146,600	153,500
Previous Accounting Guidance [Member]
Net cash provided by (used in) operating activities, as reported
-	-	-	-	-	-	-	-	-	-	350,900	310,600	233,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-	-	-	-	-	-	-	-	-	-	109,400	-65,700	-68,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-