LabCorp 2007 Annual Report Download - page 20

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18 Laboratory Corporation of America® Holdings 2007
The selected fi nancial data presented below under the captions “Statement of Operations Data” and “Balance Sheet Data” as of and for the
fi ve-year period ended December 31, 2007 are derived from consolidated fi nancial statements of the Company, which have been audited by an
independent registered public accounting fi rm. This data should be read in conjunction with the accompanying notes, the Company’s consolidated
fi nancial statements and the related notes thereto, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,”
all included elsewhere herein.
Year Ended December 31,
(in millions, except per share amounts) 2007(a) 2006(b)(c) 2005(d) 2004 2003
Statement of Operations Data:
Net sales $ 4,068.2 $ 3,590.8 $ 3,327.6 $ 3,084.8 $ 2,939.4
Gross profit 1,691.2 1,529.4 1,390.3 1,289.3 1,224.6
Operating income 777.0 697.1 618.1 598.4 533.7
Net earnings 476.8 431.6 386.2 363.0 321.0
Basic earnings per common share $ 4.08 $ 3.48 $ 2.89 $ 2.60 $ 2.23
Diluted earnings per common share $ 3.93 $ 3.24 $ 2.71 $ 2.45 $ 2.11
Basic weighted average common shares outstanding 116.8 124.1 133.5 139.4 144.0
Diluted weighted average common shares outstanding 121.3 134.7 144.9 150.7 154.7
Balance Sheet Data:
Cash and cash equivalents, and short-term investments $ 166.3 $ 186.9 $ 63.1 $ 206.8 $ 123.0
Goodwill and intangible assets, net 2,252.9 2,094.2 2,122.7 1,857.4 1,857.3
Total assets 4,368.2 4,000.8 3,875.8 3,626.1 3,414.9
Long-term obligations(e) 1,667.0 1,157.4 1,148.9 889.3 879.5
Total shareholders’ equity 1,725.3 1,977.1 1,885.7 1,999.3 1,895.9
Five-Year Selected Financial Data
Laboratory Corporation of America