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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net restructuring and other special charges $ 12.6 $ 19.2
Operating Income (Loss) 687.9 1,057.9
Interest Expense 42.2 48.5
Equity method income, net 3.4 4.5
Investment income 1.1 2.4
Other, net (10.1) 5.5
Earnings before income taxes 640.1 1,021.8
Provision for income taxes 148.0 251.7
Net earnings 492.1 770.1
Net Income (Loss) Attributable to Noncontrolling Interest 0.5 0.5
Net Income (Loss) Attributable to Parent 491.6 769.6
Revenues 3,899.6 4,161.5
Cost of Revenue 2,666.7 2,562.5
Gross Profit 1,232.9 1,599.0
Selling, general and administrative expenses 464.1 429.8
Amortization of intangibles and other assets 67.1 92.1
Asset Impairment Charges 1.2 0.0
Revenues 3,899.6 4,161.5
Cost of Revenue 2,666.7 2,562.5
Gross Profit 1,232.9 1,599.0
Selling, general and administrative expenses 464.1 429.8
Amortization of intangibles and other assets 67.1 92.1
Asset Impairment Charges 1.2 0.0
Net restructuring and other special charges 12.6 19.2
Operating Income (Loss) 687.9 1,057.9
Other income (expenses):    
Interest expense (42.2) (48.5)
Equity method income, net 3.4 4.5
Investment income 1.1 2.4
Other, net (10.1) 5.5
Earnings before income taxes 640.1 1,021.8
Provision for income taxes 148.0 251.7
Net earnings 492.1 770.1
Less: Net earnings attributable to the noncontrolling interest (0.5) (0.5)
Net earnings attributable to Laboratory Corporation of America Holdings $ 491.6 $ 769.6
Basic earnings per common share (in dollars per share) $ 5.27 $ 7.88
Diluted earnings per common share (in dollars per share) $ 5.23 $ 7.82