LabCorp 2014 Annual Report Download - page 103

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F-24
The scheduled payments of long term debt and future minimum lease payments for capital leases at the end of 2014 are
summarized as follows:
Notes and
Other Capital
Leases Total
2015 $ 343.9 $ 6.9 $ 350.8
2016 325.0 6.9 331.9
2017 500.0 7.0 507.0
2018 400.0 7.1 407.1
2019 — 6.7 6.7
Thereafter 1,418.5 31.1 1,449.6
2,987.4 65.7 3,053.1
Less amounts representing interest — (23.3)(23.3)
Total long-term debt 2,987.4 42.4 3,029.8
Less current portion (343.9)(3.2)(347.1)
Long-term debt, due beyond one year $ 2,643.5 $ 39.2 $ 2,682.7
12. PREFERRED STOCK AND COMMON SHAREHOLDERS’ EQUITY
The Company is authorized to issue up to 265.0 shares of common stock, par value $0.10 per share. The Company’s treasury
shares are recorded at aggregate cost. Common shares issued and outstanding are summarized in the following table:
2014 2013
Issued 107.1 108.1
In treasury (22.5)(22.4)
Outstanding 84.6 85.7
The Company is authorized to issue up to 30.0 shares of preferred stock, par value $0.10 per share. There were no preferred
shares outstanding as of December 31, 2014 and 2013.
The changes in common shares issued and held in treasury are summarized below:
Common shares issued
2014 2013 2012
Common stock issued at January 1 108.1 115.8 120.0
Common stock issued under employee stock plans 1.6 2.6 1.6
Common stock issued upon conversion of zero-coupon subordinated notes 0.1 0.1 —
Retirement of common stock (2.7)(10.4)(5.8)
Common stock issued at December 31 107.1 108.1 115.8
Common shares held in treasury
2014 2013 2012
Common shares held in treasury at January 1 22.4 22.3 22.2
Surrender of restricted stock and performance share awards 0.1 0.1 0.1
Common shares held in treasury at December 31 22.5 22.4 22.3
Share Repurchase Program
LABORATORY CORPORATION OF AMERICA HOLDINGS AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars and shares in millions, except per share data)