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Annual Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Restated)
Net Sales 13,978.50 11,554.80 11,333.40 10,308.00 9,552.90
Revenue 13,978.50 11,554.80 11,333.40 10,308.00 9,552.90
Total Revenue 13,978.50 11,554.80 11,333.40 10,308.00 9,552.90
Cost of Revenue 9,025.70 8,302.30 8,157.00 7,216.20 6,698.90
Cost of Revenue, Total 9,025.70 8,302.30 8,157.00 7,216.20 6,698.90
Gross Profit 4,952.80 3,252.50 3,176.40 3,091.80 2,854.00
Selling/General/Administrative Expense 1,674.70 1,523.50 1,570.90 1,499.20 1,345.50
Selling/General/Administrative Expenses, Total 1,674.70 1,523.50 1,570.90 1,499.20 1,345.50
Amortization of Intangibles, Operating 275.40 243.20 231.70 216.50 179.50
Depreciation/Amortization 275.40 243.20 231.70 216.50 179.50
Restructuring Charge 40.60 54.60 48.10 70.90 58.40
Impairment-Assets Held for Use 462.10 -- -- -- --
Impairment-Assets Held for Sale -- 5.20 -- -- --
Other Unusual Expense (Income) -2.90 101.00 -- -- --
Unusual Expense (Income) 499.80 160.80 48.10 70.90 58.40
Total Operating Expense 11,475.60 10,229.80 10,007.70 9,002.80 8,282.30
Operating Income 2,502.90 1,325.00 1,325.70 1,305.20 1,270.60
Interest Expense - Non-Operating -207.40 -240.70 -244.20 -235.10 -219.10
Interest Expense, Net Non-Operating -207.40 -240.70 -244.20 -235.10 -219.10
Investment Income, Non-Operating 3.10 28.40 19.10 13.40 9.60
Interest/Investment Income, Non-Operating 3.10 28.40 19.10 13.40 9.60
Interest Income (Expense), Net-Non-Operating, Total -204.30 -212.30 -225.10 -221.70 -209.50
Other Non-Operating Income (Expense) -79.50 -7.80 167.70 -6.00 12.50
Other, Net -79.50 -7.80 167.70 -6.00 12.50
Net Income Before Taxes 2,219.10 1,104.90 1,268.30 1,077.50 1,073.60
Income Tax – Total 662.10 280.00 339.50 363.60 360.70
Income After Tax 1,557.00 824.90 928.80 713.90 712.90
Minority Interest -0.90 -1.10 -0.20 -5.80 -1.10
Net Income Before Extraordinary Items 1,556.10 823.80 928.60 708.10 711.80
Extraordinary Item -- -- -44.90 519.00 --
Total Extraordinary Items -- -- -44.90 519.00 --
Net Income 1,556.10 823.80 883.70 1,227.10 711.80
Income Available to Common Excluding Extraordinary Items 1,556.10 823.80 928.60 708.10 711.80
Income Available to Common Stocks Including Extraordinary Items 1,556.10 823.80 883.70 1,227.10 711.80
Basic Weighted Average Shares 97.30 97.90 101.40 102.40 102.50
Basic EPS Excluding Extraordinary Items 15.99 8.41 9.16 6.92 6.94
Basic EPS Including Extraordinary Items 15.99 8.41 8.71 11.98 6.94
Dilution Adjustment -- -- -- -- --
Diluted Net Income 1,556.10 823.80 883.70 1,227.10 711.80
Diluted Weighted Average Shares 98.00 98.60 102.60 103.90 104.30
Diluted EPS Excluding Extraordinary Items 15.88 8.35 9.05 6.82 6.82
Diluted EPS Including Extraordinary Items 15.88 8.35 8.61 11.81 6.82
DPS - Common Stock Primary Issue -- -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Other Unusual Expense (Income), Supplemental -- 0.00 117.80 -- --
Non-Recurring Items, Total -- 0.00 117.80 -- --
Total Special Items 499.80 160.80 165.90 70.90 58.40
Normalized Income Before Taxes 2,718.90 1,265.70 1,434.20 1,148.40 1,132.00
Effect of Special Items on Income Taxes 149.12 40.75 44.41 23.93 19.62
Income Taxes Excluding Impact of Special Items 811.22 320.75 383.91 387.53 380.32
Normalized Income After Taxes 1,907.68 944.95 1,050.29 760.87 751.68
Normalized Income Available to Common 1,906.78 943.85 1,050.09 755.07 750.58
Basic Normalized EPS 19.60 9.64 10.36 7.37 7.32
Diluted Normalized EPS 19.46 9.57 10.23 7.27 7.20
Amortization of Intangibles, Supplemental 275.40 243.20 231.70 216.50 179.50
Depreciation, Supplemental 349.30 334.00 320.40 316.70 319.70
Interest Expense, Supplemental 207.40 240.70 244.20 235.10 219.10
Rental Expense, Supplemental 215.40 393.10 358.70 313.80 291.20
Stock-Based Compensation, Supplemental 111.70 107.00 91.60 109.70 109.60
Equity in Affiliates, Supplemental 2.90 9.80 11.60 11.30 7.90
Minority Interest, Supplemental -0.90 -1.10 -0.20 -5.80 -1.10
Audit-Related Fees, Supplemental -- 4.80 5.30 3.48 --
Audit-Related Fees -- 1.02 0.24 0.38 --
Tax Fees, Supplemental -- 1.02 1.40 1.82 --
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.28 --
Gross Margin 35.43 28.15 28.03 29.99 29.88
Operating Margin 17.91 11.47 11.70 12.66 13.30
Pretax Margin 15.88 9.56 11.19 10.45 11.24
Effective Tax Rate 29.84 25.34 26.77 33.74 33.60
Net Profit Margin 11.13 7.13 8.19 6.87 7.45
Normalized EBIT 3,002.70 1,485.80 1,491.60 1,376.10 1,329.00
Normalized EBITDA 3,627.40 2,063.00 2,043.70 1,909.30 1,828.20
Current Tax - Domestic 455.30 126.70 225.80 300.80 235.10
Current Tax - Foreign 81.00 83.90 64.30 53.00 43.90
Current Tax - Local 172.80 40.20 61.20 32.90 38.60
Current Tax - Total 709.10 250.80 351.30 386.70 317.60
Deferred Tax - Domestic -6.70 38.20 -47.40 -28.80 54.60
Deferred Tax - Foreign -12.20 -11.50 5.60 -5.70 -16.80
Deferred Tax - Local -28.10 2.50 30.00 11.40 5.30
Deferred Tax - Total -47.00 29.20 -11.80 -23.10 43.10
Income Tax - Total 662.10 280.00 339.50 363.60 360.70
Interest Cost - Domestic 11.10 13.90 13.00 -- --
Service Cost - Domestic 5.10 4.10 5.20 -- --
Expected Return on Assets - Domestic -14.90 -15.10 -16.50 -- --
Curtailments & Settlements - Domestic -- -- 7.50 -- --
Other Pension, Net - Domestic 9.70 10.90 11.70 -- --
Domestic Pension Plan Expense 11.00 13.80 20.90 -- --
Interest Cost - Foreign 10.90 10.90 8.00 -- --
Service Cost - Foreign 2.10 5.70 6.00 -- --
Expected Return on Assets - Foreign -16.60 -15.00 -12.60 -- --
Other Pension, Net - Foreign 0.30 -1.20 -1.30 -- --
Foreign Pension Plan Expense -3.30 0.40 0.10 -- --
Interest Cost - Post-Retirement 0.20 0.30 0.30 -- --
Service Cost - Post-Retirement -- 0.00 0.00 -- --
Actuarial Gains and Losses - Post-Retirement 0.40 0.80 -2.60 -- --
Post-Retirement Plan Expense 0.60 1.10 -2.30 -- --
Defined Contribution Expense - Domestic 141.80 126.20 131.30 -- --
Total Pension Expense 150.10 141.50 150.00 -- --
Discount Rate - Domestic 3.30 4.20 1.70 -- --
Discount Rate - Foreign 1.70 2.90 2.50 -- --
Discount Rate - Post-Retirement -- -- -- -- --
Expected Rate of Return - Domestic 6.00 -- -- -- --
Expected Rate of Return - Foreign 6.00 4.40 4.50 -- --
Compensation Rate - Domestic -- -- -- -- --
Compensation Rate - Foreign 3.10 -- -- -- --
Total Plan Interest Cost 22.20 25.10 21.30 -- --
Total Plan Service Cost 7.20 9.80 11.20 -- --
Total Plan Expected Return -31.50 -30.10 -29.10 -- --
Total Plan Other Expense 10.00 9.70 10.40 -- --
For a more complete picture of our financial results, please review our SEC Filings

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