LabCorp 2015 Annual Report Download - page 82
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Index
Item 1. Financial Information
Current assets:
Cash and cash equivalents $ 716.4
$ 580.0
Accounts receivable, net of allowance for doubtful accounts of $217.0 and $211.6 at December 31,
2015 and 2014, respectively 1,217.9
815.7
Unbilled services 156.6
—
Supplies inventories 191.0
139.5
Prepaid expenses and other 340.3
157.5
Deferred income taxes 40.8
—
Total current assets 2,663.0
1,692.7
Property, plant and equipment, net 1,747.4
786.5
Goodwill, net 6,227.7
3,099.4
Intangible assets, net 3,323.5
1,475.8
Joint venture partnerships and equity method investments 58.2
92.6
Other assets, net 201.9
154.8
Total assets $ 14,221.7
$ 7,301.8
Current liabilities:
Accounts payable $ 497.4
$ 282.3
Accrued expenses and other 633.1
341.4
Unearned revenue 146.1
—
Deferred income taxes —
5.5
Short-term borrowings and current portion of long-term debt 424.9
347.1
Total current liabilities 1,701.5
976.3
Long-term debt, less current portion 5,992.1
2,682.7
Deferred income taxes and other tax liabilities 1,245.7
530.4
Other liabilities 323.1
274.2
Total liabilities 9,262.4
4,463.6
Commitments and contingent liabilities
Noncontrolling interest 14.9
17.7
Shareholders’ equity
Common stock, 101.3 and 84.6 shares outstanding at December 31, 2015 and 2014, respectively 12.0
10.4
Additional paid-in capital 1,974.5
—
Retained earnings 4,223.0
3,786.1
Less common stock held in treasury (978.1)
(965.5)
Accumulated other comprehensive income (287.0)
(10.5)
Total shareholders’ equity 4,944.4
2,820.5
Total liabilities and shareholders’ equity $ 14,221.7
$ 7,301.8
The accompanying notes are an integral part of these consolidated financial statements.
F-3