LABORATORY CORPORATION OF AMERICA HOLDINGS LH Income Statement

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Revenue, Net
-	-	-	-	8,505	6,011	5,808	5,671	5,542	5,003	4,694	4,505	4,068
Reimbursement Revenue
-	-	-	-	174	0	0	-	-	-	-	-	-
Revenues
11,554	11,333	10,308	9,552	8,680	6,011	5,808	-	-	-	-	-	-
Cost of sales
-	-	-	-	5,602	3,808	3,585	3,421	3,267	2,906	2,723	2,631	2,377
Cost of Reimbursable Expense
-	-	-	-	174	0	0	-	-	-	-	-	-
Cost of Revenue
8,302	8,157	7,216	6,698	5,776	3,808	3,585	-	-	-	-	-	-
Gross Profit
3,252	3,176	3,091	2,854	2,903	2,203	2,223	2,249	2,274	2,097	1,970	1,873	1,691
Selling, general and administrative expenses
1,624	1,570	1,499	1,345	1,628	1,198	1,128	1,114	1,159	1,034	958	935	808
Amortization of Intangible Assets
243	231	216	179	164	76	81	86	85	72	62	57	54
Net restructuring and other special charges
54	48	70	58	113	17	21	25	80	12	13	37	50
Operating Income (Loss)
1,330	1,325	1,305	1,270	996	910	990	1,023	948	978	935	842	777
Other income (expenses):
Interest expense
240	244	235	219	274	109	96	94	87	70	62	-72	-56
Equity method income, net
9	11	11	7	10	14	16	21	9	10	13	14	77
Investment income
8	7	2	1	1	1	2	1	1	1	1	2	5
Other, net
-3	167	-6	12	-7	10	2	-7	-5	-4	-3	-2	-1
Earnings before income taxes
1,104	1,268	1,077	1,073	726	826	915	944	866	915	884	785	802
Provision for income taxes
280	384	-155	360	287	314	340	359	333	344	329	307	325
Net earnings
824	883	1,232	712	438	512	575	584	533	571	555	477	476
Less: Net earnings attributable to the noncontrolling interest
1	0	5	1	1	1	1	1	13	13	12	13	0
Net Income (Loss) Attributable to Parent
823	883	1,227	711	437	511	573	583	519	558	543	464	476
Basic earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	5.20	5.42	5.06	4.23	4.08
Diluted earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	5.11	5.29	4.98	4.16	3.93