LABORATORY CORPORATION OF AMERICA HOLDINGS LH Income Statement

Laboratory corporation of america holdings (LH)

Income statement / 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	Sep'08
Revenue, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,372	2,382	2,295	2,244	2,269	2,218	1,772	-3,068	1,551	1,516	6,011	1,437	1,462	1,468	1,440	1,405	1,419	1,423	1,423	1,366	1,404	1,403	1,368	1,295	1,276	1,238	1,193	1,165	1,185	1,188	1,155	1,135
Reimbursement Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	48	72	55	47	50	20	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
2,823	2,953	2,928	2,881	2,791	2,787	2,831	2,866	2,848	2,744	2,621	2,528	2,413	2,339	2,414	2,430	2,368	2,300	2,317	2,269	1,793	-3,068	1,551	1,516	6,011	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,584	1,555	1,517	1,504	1,505	1,446	1,147	-1,928	980	947	3,808	910	914	890	868	867	863	843	847	816	836	815	800	765	748	704	686	689	687	681	666	673
Cost of Reimbursable Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	48	72	55	47	50	20	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Revenue
2,095	2,132	2,111	2,056	2,001	2,015	2,041	2,031	2,069	1,927	1,837	1,750	1,701	1,878	1,626	1,603	1,590	1,559	1,552	1,496	1,168	-1,928	980	947	3,808	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit
728	820	817	824	789	772	789	835	779	817	784	778	712	461	788	826	777	740	764	772	625	-1,139	571	568	2,203	526	547	577	572	538	556	579	576	549	568	588	568	529	527	533	506	476	498	507	489	461
Selling, general and administrative expenses
395	413	401	415	393	396	381	395	397	417	381	357	342	121	400	409	414	409	385	390	442	-609	305	297	1,204	285	279	280	283	278	285	279	271	270	283	322	282	272	270	245	246	240	247	237	233	227
Amortization of Intangible Assets
62	64	61	60	57	56	54	58	62	62	54	51	47	48	41	45	44	43	44	44	31	-40	18	22	76	21	20	20	19	23	21	20	21	21	21	21	21	19	18	17	17	16	15	15	15	14
Asset Impairment Charges
437	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net restructuring and other special charges
25	6	14	13	20	11	10	12	14	6	21	39	3	9	22	6	19	54	26	14	19	-7	5	2	17	4	3	6	7	20	4	3	-3	10	24	18	27	-1	3	0	9	3	0	10	0	17
Operating Income (Loss)
-192	336	339	335	318	307	343	369	305	330	326	329	318	281	324	365	299	233	308	323	132	-482	241	246	904	215	244	269	262	215	245	276	287	247	239	225	235	238	235	270	234	215	234	244	240	202
Other income (expenses):
Interest expense
55	64	60	59	56	58	59	63	63	67	59	55	52	52	58	53	54	56	55	57	104	-51	25	25	109	24	24	23	24	27	24	21	21	22	20	21	24	120	-21	-14	-14	111	-15	-16	-17	-16
Equity method income, net
-6	1	2	2	3	3	3	3	2	1	3	4	2	2	2	1	1	2	2	2	2	-7	3	3	14	4	3	4	4	4	5	8	4	2	2	2	1	-2	4	4	3	2	4	3	2	3
Investment income
2	3	2	1	0	3	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	0	0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1
Other, net
-16	15	2	-10	-10	-41	209	2	-3	1	-3	-0	-3	13	-5	-2	6	-3	-3	-2	1	-7	-0	7	10	-1	4	-0	-0	-0	0	-6	-0	-3	-1	-0	0	-1	-1	-0	-0	-1	-1	-0	-0	-0
Earnings before income taxes
-267	292	287	270	254	214	499	312	241	266	266	279	265	244	263	311	253	175	251	266	32	-445	219	232	820	194	230	250	241	191	226	256	269	225	220	207	213	215	216	260	223	203	223	232	226	189
Provision for income taxes
49	65	66	79	68	56	180	78	69	-424	92	94	82	80	83	107	89	65	96	96	29	-166	81	90	308	67	81	97	93	70	78	102	107	86	82	80	83	80	73	102	86	57	88	92	90	75
Net earnings
-316	227	221	190	185	158	319	234	172	690	174	185	183	164	179	204	164	110	155	170	3	-279	137	141	512	126	148	152	147	120	148	153	162	138	137	126	130	135	143	157	136	145	134	139	135	114
Less: Net earnings attributable to the noncontrolling interest
0	0	0	0	0	0	0	0	-0	2	2	0	0	0	0	0	0	0	0	0	0	-0	0	0	1	0	0	0	0	0	0	0	0	2	3	3	3	3	3	3	3	3	3	3	3	3
Net Income (Loss) Attributable to Parent
-317	227	220	190	185	157	318	233	173	687	171	184	183	164	179	204	164	110	154	169	3	-278	137	141	511	126	148	151	147	120	148	153	161	135	134	122	127	131	140	153	132	142	131	136	132	111
Basic earnings per common share (in dollars per share)
-3.27	-	2.26	1.94	1.88	-	3.14	2.29	1.70	-	1.68	1.80	1.79	-	1.74	2.00	1.61	-	1.53	1.69	0.04	-	1.62	1.67	-	-	1.66	1.65	1.58	-	1.56	1.59	1.66	1.37	1.34	1.22	1.27	1.30	1.37	1.48	1.27	1.35	1.22	1.26	1.23	1.02
Diluted earnings per common share (in dollars per share)
-3.27	-	2.25	1.93	1.86	-	3.10	2.27	1.67	-	1.65	1.78	1.75	-	1.71	1.96	1.58	-	1.50	1.66	0.04	-	1.59	1.64	-	-	1.63	1.62	1.56	-	1.53	1.56	1.63	1.37	1.31	1.20	1.23	1.24	1.34	1.46	1.25	1.31	1.21	1.24	1.22	1.00
Previous Accounting Guidance [Member]
Gross profit, as reported
-	-	-	-	-	-	-	-	-	-	882	861	803	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss), including portion attributable to NCI, as reported
-	-	-	-	-	-	-	-	-	-	183	188	192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Parent, as reported
-	-	-	-	-	-	-	-	-	-	180	188	192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	2,655	2,542	2,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Revenue
-	-	-	-	-	-	-	-	-	-	1,772	1,681	1,643	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative expenses
-	-	-	-	-	-	-	-	-	-	465	435	419	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	97	96	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net earnings attributable to the noncontrolling interest
-	-	-	-	-	-	-	-	-	-	2	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.77	1.84	1.87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.74	1.82	1.84	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-