LabCorp 2009 Annual Report Download - page 22

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20 LABORATORY CORPORATION OF AMERICA
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, 2009 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.
Year Ended December 31,
(In millions, except per share amounts) 2009(a) 2008(b) 2007(c) 2006(d) (e) 2005(f)
Statement of Operations Data:
Net sales $ 4,694.7 $ 4,505.2 $ 4,068.2 $ 3,590.8 $ 3,327.6
Gross profit 1,970.9 1,873.8 1,691.2 1,529.4 1,390.3
Operating income 935.9 842.9 777.0 697.1 618.1
Net earnings attributable to
Laboratory Corporation of America Holdings 543.3 464.5 476.8 431.6 386.2
Basic earnings per common share $ 5.06 $ 4.23 $ 4.08 $ 3.48 $ 2.89
Diluted earnings per common share $ 4.98 $ 4.16 $ 3.93 $ 3.24 $ 2.71
Basic weighted-average common
shares outstanding 107.4 109.7 116.8 124.1 133.5
Diluted weighted-average common
shares outstanding 109.1 111.8 121.3 134.7 144.9
Balance Sheet Data:
Cash and cash equivalents, and
short-term investments $ 148.5 $ 219.7 $ 166.3 $ 186.9 $ 63.1
Goodwill and intangible assets, net 3,239.3 2,994.8 2,252.9 2,094.2 2,122.7
Total assets 4,837.8 4,669.5 4,368.2 4,000.8 3,875.8
Long-term obligations
(g)
1,394.4 1,721.3 1,667.0 1,157.4 1,148.9
Total shareholders’ equity 2,106.1 1,688.3 1,725.3 1,977.1 1,885.7
LABORATORY CORPORATION OF AMERICA
Selected Financial Data