LabCorp 2006 Annual Report Download - page 20

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18 Laboratory Corporation of America® Holdings 2006
The selected financial data presented below under the captions “Statement of Operations Data” and “Balance Sheet Data” as of and for
the five-year period ended December 31, 2006 are derived from consolidated financial statements of the Company, which have been audited
by an independent registered public accounting firm. This data should be read in conjunction with the accompanying notes, the Company’s
consolidated financial statements and the related notes thereto, and “Management’s Discussion and Analysis of Financial Condition and
Results of Operations,” all included elsewhere herein.
Years Ended December 31,
(in millions, except per share amounts) 2006(a)(b) 2005(c) 2004 2003(d) 2002(e)
Statement of Operations Data
Net Sales $ 3,590.8 $ 3,327.6 $ 3,084.8 $ 2,939.4 $ 2,507.7
Gross profit 1,529.4 1,390.3 1,289.3 1,224.6 1,061.8
Operating income 697.1 618.1 598.4 533.7 435.0
Net earnings 431.6 386.2 363.0 321.0 254.6
Basic earnings per common share $ 3.48 $ 2.89 $ 2.60 $ 2.23 $ 1.78
Diluted earnings per common share $ 3.24 $ 2.71 $ 2.45 $ 2.11 $ 1.69
Basic weighted-average common shares outstanding 124.1 133.5 139.4 144.0 142.8
Diluted weighted-average common shares outstanding 134.7 144.9 150.7 154.7 154.2
Balance Sheet Data
Cash and cash equivalents, and short-term investments $ 186.9 $ 63.1 $ 206.8 $ 123.0 $ 56.4
Goodwill and intangible assets, net 2,094.2 2,122.7 1,857.4 1,857.3 1,217.5
Total assets 4,000.8 3,875.8 3,626.1 3,414.9 2,580.4
Long-term obligations(f) 1,157.4 1,148.9 889.3 879.5 516.0
Total shareholders’ equity 1,977.1 1,885.7 1,999.3 1,895.9 1,611.7
FIVE-YEAR SELECTED FINANCIAL DATA