LABORATORY CORP OF AMERICA HOLDINGS
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
LH$371.83+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
Index
CONSOLIDATED STATEMENTS OF OPERATIONS
(In Millions, Except Per Share Data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues | $12,161.6 | $11,863.9 | $13,136.1 |
| Cost of revenues | 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 other asset impairments | 349.0 | 261.7 | — |
| Restructuring and other charges | 49.1 | 54.0 | 24.0 |
| Operating income | 725.6 | 1,436.5 | 3,048.6 |
| Other income (expense): | |||
| Interest expense | (199.6) | (179.8) | (211.8) |
| Investment income | 28.8 | 7.5 | 8.8 |
| Equity method (loss) income, net | (1.4) | 5.4 | 26.5 |
| Other, net | 15.5 | (32.2) | 15.5 |
| Earnings from continuing operations before income taxes | 568.9 | 1,237.4 | 2,887.6 |
| Provision for income taxes | 188.5 | 233.9 | 690.0 |
| Earnings from continuing operations | 380.4 | 1,003.5 | 2,197.6 |
| Earnings from discontinued operations, net of tax | 38.8 | 277.1 | 181.9 |
| 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 |
| Basic earnings per common share: | |||
| Basic earnings per common share continuing operations | $4.35 | $11.00 | $22.71 |
| Basic earnings per common share discontinued operations | $0.45 | $3.04 | $1.88 |
| Basic earnings per common share | $4.80 | $14.05 | $24.60 |
| Diluted earnings per common share: | |||
| Diluted earnings per common share continuing operations | $4.33 | $10.94 | $22.52 |
| Diluted earnings per common share discontinued operations | $0.44 | $3.03 | $1.87 |
| Diluted earnings per common share | $4.77 | $13.97 | $24.39 |
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