Laboratory Corporation of America Holdings (LH) financial statements (2021 and earlier)

Company profile

Business Address 358 S MAIN ST
BURLINGTON, NC 27215
State of Incorp. DE
Fiscal Year End December 31
SIC 8071 - Medical Laboratories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 427317434716
Cash and cash equivalents 427317434716
Receivables 1,4681,6201,4261,310
Inventory, net of allowances, customer advances and progress billings 237228205191
Inventory 237228205191
Prepaid expense 309421321340
Assets held-for-sale, not part of disposal group 55555172
Other undisclosed current assets 339424233
Total current assets: 2,8352,6832,4792,663
Noncurrent Assets
Property, plant and equipment 1,7851,7491,7191,747
Long-term investments and receivables 61585858
Long-term investments 61585858
Intangible assets, net (including goodwill) 11,27111,8719,8259,551
Goodwill 7,3607,5306,4246,228
Intangible assets, net (excluding goodwill) 3,9114,3413,4013,324
Other noncurrent assets 232205165202
Other undisclosed noncurrent assets 222 
Total noncurrent assets: 13,35013,88511,76811,559
TOTAL ASSETS: 16,18516,56814,24714,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,5051,2961,1021,131
Accounts payable 635663508497
Accrued liabilities 870633594633
Debt 18418550425
Deferred revenue and credits333176146
Other undisclosed current liabilities 356   
Total current liabilities: 1,8792,0461,8281,702
Noncurrent Liabilities
Long-term debt and lease obligation, including: 6,0986,8075,8906,461
Long-term debt, excluding current maturities 6,0426,3455,3005,992
Capital lease obligations  6356
Other undisclosed long-term debt and lease obligation 56462526413
Liabilities, other than long-term debt 334378392323
Other liabilities 334378392323
Other undisclosed noncurrent liabilities 884486617777
Total noncurrent liabilities: 7,3167,6716,8987,561
Total liabilities: 9,1959,7178,7269,262
Stockholders' equity
Stockholders' equity attributable to parent 6,9716,8305,5064,944
Common stock 12121212
Treasury stock, value (1,108)(1,060)(1,013)(978)
Additional paid in capital 1,4511,9902,1321,975
Accumulated other comprehensive loss (463)(336)(581)(287)
Retained earnings 7,0806,2244,9564,223
Other undisclosed stockholders' equity 19211515
Total stockholders' equity: 6,9916,8515,5214,959
TOTAL LIABILITIES AND EQUITY: 16,18516,56814,24714,222

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 11,33310,4419,6428,680
Revenue, net10,2069,4378,506
Cost of revenue (8,157)(6,977)(6,461)(5,777)
Cost of goods and services sold  (6,742)(6,257)(5,602)
Gross profit: 3,1763,4643,1812,903
Operating expenses (1,803)(2,029)(1,810)(1,787)
Other undisclosed operating loss (48)(71)(58)(114)
Operating income: 1,3261,3641,3121,003
Nonoperating income (expense) 175(6)4(6)
Investment income, nonoperating 8222
Other nonoperating income (expense) 168(8)3(8)
Interest and debt expense (244)(235)(219)(275)
Income from continuing operations before equity method investments, income taxes: 1,2571,1241,098722
Income from equity method investments 1211810
Income from continuing operations before income taxes: 1,2681,1351,106732
Income tax expense (benefit) (384)139(372)(294)
Net income: 8841,274733438
Net loss attributable to noncontrolling interest (0)(6)(1)(1)
Net income available to common stockholders, diluted: 8841,268732437

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 8841,274733438
Other comprehensive income (loss) (129)245(294)(277)
Comprehensive income: 7551,519439162
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(6)(1)(1)
Comprehensive income, net of tax, attributable to parent: 7541,514438160

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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