LABORATORY CORPORATION OF AMERICA HOLDINGS LH Cash Flow

Laboratory corporation of america holdings (LH)

CashFlow / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings
322,100	824,900	755,800	853,900	897,300	883,900	1,415,900	1,271,100	1,222,100	1,232,900	707,000	712,500	731,800	712,900	658,800	634,000	600,000	438,700	448,400	430,900	3,100	512,600	519,400	530,600	940,400	575,400	569,300	569,000	570,400	584,800	602,400	591,600	564,500	533,100	530,000	535,500	566,000	571,600	582,300	573,800	556,000	555,600	0	0	0
Income (Loss) from Continuing Operations Before Income Taxes and Noncontrolling Interest
-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net earnings to net cash provided by operating activities:
Contingent consideration adjustment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization Of Leased Assets
190,100	194,100	144,100	94,000	61,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accreted interest on zero-coupon subordinated notes
-	-	-	-	-	-	-	-	-	-	600	900	1,300	1,600	1,800	1,900	2,000	2,000	0	0	0	-	-	-	0	-	-	-	2,600	2,700	2,700	2,700	3,200	3,900	4,600	5,400	5,700	5,800	5,900	5,800	7,000	8,300	0	0	0
Depreciation and amortization
586,300	577,200	559,100	547,900	544,800	552,100	559,400	559,400	547,900	533,200	518,500	506,500	504,900	499,200	487,200	485,700	477,600	457,800	403,000	341,900	102,600	245,500	241,800	241,200	420,100	230,100	229,700	229,400	228,600	229,800	228,200	228,300	230,000	231,400	226,500	219,400	211,700	203,600	200,500	199,400	197,800	195,100	0	0	0
Stock compensation
99,400	107,000	104,300	91,600	91,300	91,600	94,700	109,000	107,800	109,700	113,500	104,700	105,500	109,600	106,300	105,700	107,600	102,100	88,300	76,100	26,300	45,700	43,500	38,800	71,700	37,300	34,800	39,100	40,200	40,700	46,500	47,100	47,600	48,900	47,700	46,100	44,400	40,000	39,800	39,000	37,900	36,400	0	0	0
Loss on sale of assets
-	-	-	-	-	-	0	0	-2,700	-	4,600	700	300	9,200	600	3,200	2,500	-4,600	-6,400	-3,600	1,300	12,500	15,600	20,800	16,600	3,900	4,100	200	-5,500	-5,500	-11,300	-13,200	-7,800	-7,200	-2,900	-5,800	-4,200	-4,100	-6,500	-1,900	-2,400	-2,600	0	0	0
Cumulative earnings in excess of distributions from equity method investments
-	-	-	-	-	-	0	0	100	-	-400	2,900	-1,100	-1,200	-2,300	-2,800	-1,500	-100	4,300	5,200	1,200	5,800	5,800	3,700	9,400	4,200	-600	800	1,500	400	1,000	2,300	-2,300	-1,400	-5,400	-6,700	-6,300	-6,300	-2,600	-2,500	-2,400	-2,200	0	0	0
Asset Impairment Charges
0	-	0	0	0	-	0	0	25,800	-	0	0	0	-	-	-	-	39,700	14,800	14,800	14,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
0	-	0	0	0	-	0	0	-508,500	-	49,400	35,100	55,200	54,700	-12,900	-14,200	-33,300	-34,100	15,200	23,900	17,400	27,700	24,400	26,800	73,600	56,200	36,700	48,300	43,000	53,300	58,100	55,000	23,800	2,200	4,000	-10,100	1,900	12,900	-2,400	4,800	9,300	9,600	0	0	0
Other Operating Activities, Cash Flow Statement
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in assets and liabilities (net of effects of acquisitions):
Increase in accounts receivable (net)
-73,400	64,100	85,600	54,100	-13,000	-50,200	-78,800	-50,200	40,100	13,200	74,900	34,200	4,500	83,600	91,100	117,600	137,300	71,800	61,300	36,900	40,300	31,100	31,700	15,800	22,800	67,500	45,700	64,100	24,700	-600	20,400	13,700	19,100	37,100	42,200	120,700	132,200	25,300	-39,000	-88,800	-74,000	-74,000	0	0	0
Increase (Decrease) in Unbilled Contract Receivable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Unbilled Receivables
-	-	-	-	-	81,000	-23,300	-4,600	9,200	-4,000	-28,900	-7,300	900	6,000	53,600	42,600	6,100	16,900	23,000	24,700	25,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in inventories
35,900	21,900	24,600	15,900	16,900	18,900	18,800	20,400	19,900	16,400	11,200	10,900	7,100	9,600	14,600	9,100	2,000	200	-10,600	-5,800	-4,200	300	11,000	6,200	12,400	15,300	7,600	8,700	13,400	6,300	9,500	6,700	7,800	6,100	9,000	4,700	-7,500	5,800	-1,300	-3,800	4,300	4,300	0	0	0
Decrease in prepaid expenses and other
52,800	42,600	12,000	14,600	16,900	57,900	53,700	12,200	-2,200	-19,800	-26,400	25,100	20,200	26,500	-19,300	-50,800	-47,500	-62,300	-8,900	22,300	7,700	12,900	25,300	7,100	52,200	32,300	1,700	5,300	-4,300	-7,100	-2,800	3,400	-2,900	-9,800	14,400	-22,200	-8,200	13,500	-28,700	-11,500	-14,600	-5,900	0	0	0
Decrease in accounts payable
-40,500	-12,800	95,000	25,600	74,300	43,300	-16,700	72,400	110,900	172,300	156,700	54,200	27,000	-8,700	-1,300	10,200	45,500	30,700	-29,300	-29,300	-48,900	-21,200	19,400	18,200	29,500	60,800	14,600	10,200	12,400	-30,000	12,700	25,300	1,600	-8,700	18,200	-16,300	22,300	50,100	-500	26,000	-7,100	22,800	0	0	0
Increase (Decrease) in Deferred Revenue
21,300	38,100	59,600	-47,100	-54,400	-33,800	-34,700	76,900	87,600	58,600	-5,700	-23,900	-3,800	18,800	27,100	35,500	11,100	5,400	1,700	2,600	14,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities
-144,600	-132,100	-176,800	-59,600	-50,300	27,800	54,900	-111,700	-77,400	-102,800	-125,300	-82,200	-94,600	-57,300	-42,000	-15,100	60,400	-38,000	0	0	0	-	-	-	0	-	-	-	-24,900	-46,400	-68,000	-98,300	-19,400	69,600	62,500	104,500	71,300	33,800	5,400	18,200	12,900	-45,800	0	0	0
Net Cash Provided by (Used in) Operating Activities
1,482,700	1,444,700	1,361,300	1,157,600	1,291,500	1,305,400	1,384,000	1,528,800	1,451,900	1,498,100	1,403,200	1,256,400	1,295,400	1,197,100	1,111,600	1,149,700	1,196,900	982,400	811,500	699,100	-86,900	739,000	774,000	832,600	1,359,500	818,700	824,200	793,800	842,500	841,400	865,800	838,800	837,400	855,600	836,200	835,600	866,900	883,600	849,100	919,300	885,500	862,400	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures
412,600	400,200	394,200	399,500	401,500	379,800	353,700	331,100	313,200	312,900	291,100	282,000	279,700	278,900	289,700	291,300	293,400	255,800	217,000	201,800	33,800	203,500	216,800	216,300	364,000	202,200	204,000	196,000	181,300	173,800	142,500	138,800	150,500	145,700	148,400	142,300	131,000	126,100	130,900	119,300	108,500	114,700	0	0	0
Proceeds from sale of assets
10,800	7,700	5,800	53,600	53,900	50,100	54,400	5,200	4,800	5,500	8,100	10,500	29,100	30,800	24,000	21,400	2,800	600	1,000	1,600	300	1,400	1,400	1,000	2,300	1,100	900	2,100	2,900	3,200	3,000	2,100	3,800	3,700	4,500	5,500	3,600	4,800	3,900	3,100	2,500	900	0	0	0
Proceeds from Sale of Equity Method Investments
0	-	0	0	0	-	0	0	0	-	-	-	-	13,500	13,500	12,700	12,700	8,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of Credit Facility Payment
-	-	-	-	-	-	-	-	-	-	-200,000	-150,000	-283,700	-150,000	0	-125,000	-210,000	-285,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of licensing technology
-	-	-	-	-	-	-	-	-	2,500	2,300	2,300	1,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,500	2,100	2,000	1,000	0	0	0	0	-	-	-	-	-	-	-	-
Payments for (Proceeds from) Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in equity affiliates
32,100	27,500	29,300	30,800	23,700	22,300	17,300	17,400	17,000	36,200	33,600	28,700	31,500	12,500	12,400	16,800	10,200	11,700	18,700	16,500	3,600	20,200	16,100	11,700	24,400	6,500	14,400	24,400	28,300	26,000	0	0	0	-	-	-	-	-	-	-	-	4,300	0	0	0
Acquisition of businesses, net of cash acquired
828,700	876,000	891,600	742,400	165,100	117,800	162,400	1,393,700	1,730,800	1,882,600	1,951,100	972,500	607,100	548,600	440,100	195,700	207,100	3,736,000	3,786,800	3,778,100	3,622,200	159,400	115,800	119,000	301,200	159,500	158,300	416,100	352,800	335,100	377,800	118,500	122,900	138,300	1,007,900	1,051,400	1,164,500	1,181,300	264,300	380,000	238,900	212,600	0	0	0
Net Cash Provided by (Used in) Investing Activities
-1,249,200	-1,283,100	-1,277,900	-488,300	140,500	206,700	175,300	-1,688,100	-2,057,500	-2,228,700	-2,270,000	-1,274,200	-889,600	-795,700	-704,700	-469,700	-495,200	-3,994,900	-4,013,600	-3,986,500	-3,651,300	-350,100	-315,600	-307,200	-648,200	-359,600	-368,700	-632,200	-559,500	-534,200	-533,600	-264,600	-272,000	-280,300	-1,154,000	-1,200,900	-1,305,500	-1,317,500	-406,700	-501,000	-349,200	-334,000	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Senior Notes offerings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,900,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bridge loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400,000	400,000	400,000	400,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Senior Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500,000	250,000	250,000	250,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred payments on acquisitions
-	-	-	-	-	-	-	-	-	-	4,300	3,300	-800	7,600	4,900	5,800	9,900	100	0	0	0	-	-	-	0	-	-	-	-1,500	0	-700	2,500	1,400	0	8,200	6,700	6,000	4,500	1,600	2,200	2,300	3,300	0	0	0
Payments on vendor-financed equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	1,700	1,700	200	1,500	0	0	0
Increase in bank overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,000	0	0	0
Repayments of Other Long-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	350,000	350,000	350,000	350,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facilities
513,500	495,000	491,000	492,000	370,700	467,200	517,700	1,037,200	1,392,200	1,392,200	1,463,200	889,200	369,200	139,500	0	0	0	60,000	60,000	60,000	60,000	0	0	157,000	382,000	412,000	412,000	475,000	335,000	305,000	1,100,000	880,000	795,000	880,000	85,000	150,000	180,000	160,000	164,200	99,200	69,200	4,200	0	0	0
Payments on revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	865,000	1,100,000	430,000	375,000	320,000	150,000	180,000	160,000	235,000	170,000	140,000	120,000	0	0	0	0
Principal payments on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	375,000	68,700	62,500	56,200	50,000	50,000	50,000	50,000	50,000	0	0	0
Payments On Zero Coupon Subordinated Notes
-	-	-	-	-	-	0	0	2,300	-	33,900	49,800	63,200	40,300	0	0	0	-	-	-	-	-	-	-	0	-	-	-	20,900	8,200	7,000	8,500	149,000	155,100	167,000	164,800	17,700	11,400	0	0	0	-	-	-	-
Proceeds from Issuance of Other Long-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000,000	1,000,000	1,000,000	1,000,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,700	60,700	60,700	37,100	24,100	0	0	0	-	-	-	-	-	-	-	-	3,600	10,200	10,200	10,200	9,700	0	0	0	-	-	-	-
Proceeds from sale of interest in a consolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137,500	137,500	137,500	137,500	0	0	0	0
Cash paid to acquire an interest in a consolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137,500	137,500	137,500	137,500	0	0	0	0
Noncontrolling interest distributions
-	-	-	-	-	-	0	0	6,300	-	1,200	1,000	1,100	2,100	1,700	1,600	1,300	0	300	600	0	1,200	1,200	1,100	1,800	900	900	900	1,200	1,200	2,500	5,400	5,900	7,400	9,900	9,500	11,600	12,600	12,100	12,100	12,100	11,300	0	0	0
Repayments of Long-term Capital Lease Obligations
-	-	-	-	-	-	0	0	8,200	-	8,400	9,700	9,200	8,400	7,000	5,100	4,600	4,300	4,100	3,400	1,200	1,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment, Tax Withholding, Share-based Payment Arrangement
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Benefit Realized Upon Conversion Of Zero Coupon Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net share settlement tax payments from issuance of stock to employees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,100	10,500	7,600	2,500	5,900	7,800	5,300	14,500	11,000	9,300	10,400	5,600	8,200	8,200	6,500	11,600	10,400	12,500	12,200	8,000	5,100	2,900	3,300	1,800	500	0	0	0
Conversion of zero-coupon convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of stock to employees
66,900	64,700	60,700	60,000	65,400	69,100	75,800	85,200	75,000	73,600	68,400	61,300	85,700	70,600	77,100	83,600	80,300	98,900	0	0	0	-	-	-	0	-	-	-	88,400	85,800	82,200	58,900	105,900	118,400	150,300	149,600	104,000	83,400	51,100	53,300	37,200	24,800	0	0	0
Payments for Repurchase of Common Stock
449,900	450,000	800,000	850,000	725,100	700,000	340,000	232,100	265,100	338,100	342,000	299,900	191,900	43,900	0	0	0	-	-	-	-	269,000	480,000	700,600	1,170,700	1,015,600	901,500	743,100	508,100	516,500	555,600	573,700	503,900	643,900	468,800	444,700	500,100	338,100	452,000	489,200	373,300	273,000	0	0	0
Other Financing Cash Flows
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Lines of Credit
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Financing Activities
-252,300	-252,700	-606,200	-620,100	-1,428,100	-1,389,900	-1,067,300	80,200	580,100	593,200	704,200	-307,700	-722,200	-671,000	-541,300	-634,700	-445,800	3,184,600	3,365,400	3,433,700	3,629,700	-200,600	-46,400	-154,800	-306,100	-518,300	-744,400	-171,000	-222,000	-800	46,500	-566,800	-629,500	-645,000	307,300	378,800	461,100	515,300	-472,400	-541,300	-740,700	-600,900	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-6,400	1,800	-8,700	-5,200	-16,800	-12,000	-8,400	800	21,800	20,500	4,100	-14,300	-14,400	-13,200	-11,000	-24,700	-6,000	-35,700	-26,000	-6,800	-25,100	-12,300	-10,400	-2,400	-11,000	-3,600	-3,000	-3,700	-5,100	1,100	1,500	-1,900	-1,400	-1,700	-600	1,600	700	800	100	200	3,400	1,300	0	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-	-	-	-	-	110,200	483,600	-78,300	-3,700	-116,900	-158,500	-339,800	-330,800	-282,800	0	0	0	-	-	-	-133,600	176,000	401,600	368,200	394,200	-62,800	-291,900	-13,100	55,900	307,500	380,200	5,500	-65,500	-71,400	-11,100	15,100	23,200	82,200	-29,900	-122,800	-201,000	-71,200	0	0	0
Previous Accounting Guidance [Member]
Net cash provided by (used in) operating activities, as reported
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-