LabCorp 2015 Annual Report Download - page 83

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Index







Net revenues $ 8,505.7
$ 6,011.6
$ 5,808.3
Reimbursable out-of-pocket expenses 174.4
—
—
Total revenues 8,680.1
6,011.6
5,808.3
Net cost of revenue 5,602.4
3,808.5
3,585.1
Reimbursable out-of-pocket expenses 174.4
—
—
Total cost of revenue 5,776.8
3,808.5
3,585.1
Gross profit 2,903.3
2,203.1
2,223.2
Selling, general and administrative expenses 1,622.0
1,198.2
1,128.8
Amortization of intangibles and other assets 164.5
76.7
81.7
Restructuring and other special charges 113.9
17.8
21.8
Operating income 1,002.9
910.4
990.9
Other income (expenses):
Interest expense (274.9)
(109.5)
(96.5)
Equity method income, net 10.0
14.3
16.9
Investment income 1.9
1.1
2.2
Other, net (7.8)
10.4
2.1
Earnings before income taxes 732.1
826.7
915.6
Provision for income taxes 294.1
314.1
340.2
Net earnings 438.0
512.6
575.4
Less: Net earnings attributable to the noncontrolling interest (1.1)
(1.4)
(1.6)
Net earnings attributable to Laboratory Corporation of America Holdings $ 436.9
$ 511.2
$ 573.8
Basic earnings per common share $ 4.42
$ 6.03
$ 6.36
Diluted earnings per common share $ 4.34
$ 5.91
$ 6.25
The accompanying notes are an integral part of these consolidated financial statements.
F-4