LabCorp 2012 Annual Report Download - page 28

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26
LABORATORY CORPORATION OF AMERICA
Management’s Discussion and Analysis
of Financial Condition and Results of Operations (in millions)
26
LABORATORY CORPORATION OF AMERICA
Consolidated Statements of Changes in Shareholders’ Equity
Accumulated
Additional Other Total
Common Paid-in Retained Treasury Comprehensive Shareholders’
(In Millions) Stock Capital Earnings Stock Income (Loss) Equity
Balance at December 31, 2009 $ 12.5 $ 36.7 $ 2,927.9 $ (932.5) $ 61.5 $ 2,106.1
Net earnings attributable to Laboratory
Corporation of America Holdings – – 558.2 – – 558.2
Other comprehensive earnings, net of tax – – – – 27.0 27.0
Issuance of common stock under employee
stock plans 0.2 83.0 – – – 83.2
Surrender of restricted stock and performance
share awards – – – (2.4) – (2.4)
Conversion of zero-coupon convertible debt – 1.1 – – – 1.1
Stock compensation – 40.0 – – – 40.0
Value of noncontrolling interest put – (17.2) – – – (17.2)
Income tax benefit from stock options exercised – 7.8 – – – 7.8
Purchase of common stock (0.5) (97.5) (239.5) – – (337.5)
Balance at December 31, 2010 $ 12.2 $ 53.9 $ 3,246.6 $ (934.9) $ 88.5 $ 2,466.3
Net earnings attributable to Laboratory
Corporation of America Holdings – – 519.7 – – 519.7
Other comprehensive earnings, net of tax – – – – (43.0) (43.0)
Issuance of common stock under employee
stock plans 0.1 117.9 – – – 118.0
Surrender of restricted stock and performance
share awards – – – (6.0) – (6.0)
Conversion of zero-coupon convertible debt 0.1 36.1 – – – 36.2
Stock compensation – 48.9 – – – 48.9
Purchase of noncontrolling interest – (3.7) – – – (3.7)
Income tax benefit from stock options exercised – 11.0 – – – 11.0
Purchase of common stock (0.7) (264.1) (379.1) – – (643.9)
Balance at December 31, 2011 $ 11.7 $ – $ 3,387.2 $ (940.9) $ 45.5 $ 2,503.5
Net earnings attributable to Laboratory
Corporation of America Holdings – – 583.1 – – 583.1
Other comprehensive earnings, net of tax – – – – 23.9 23.9
Issuance of common stock under employee
stock plans 0.1 85.1 – – – 85.2
Surrender of restricted stock and performance
share awards – – – (10.9) – (10.9)
Stock compensation – 40.7 – – – 40.7
Income tax benefit from stock options exercised – 8.4 – – – 8.4
Purchase of common stock (0.5) (134.2) (381.8) – – (516.5)
Balance at December 31, 2012 $ 11.3 $ – $ 3,588.5 $ (951.8) $ 69.4 $ 2,717.4
The accompanying notes are an integral part of these consolidated financial statements.