← LABCORP HOLDINGS INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $732.1m | $1.3b | $883.7m | $823.8m | $1.6b | $2.4b | $1.3b | $418.0m | $746.0m | $876.5m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $733.2m | $1.3b | $883.9m | $824.9m | $1.6b | $2.4b | $1.3b | $419.2m | $747.1m | $877.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $1.0b | $380.4m | $747.1m | $877.7m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($181.9m) | $277.1m | $38.8m | $0 | $0 | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($181.9m) | $277.1m | $38.8m | $0 | $0 | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.1m | $5.8m | $200k | $1.1m | $900k | $2.2m | $1.5m | $1.2m | $1.1m | $1.2m | |
| Depreciation, Depletion and Amortization | $499.2m | $533.2m | $552.1m | $577.2m | $624.7m | $745.1m | $537.2m | $577.3m | $643.5m | $681.1m | |
| Depreciation | $499.2m | $533.2m | $552.1m | $577.2m | $624.7m | $375.6m | $343.6m | $357.5m | $387.1m | $681.1m | |
| Amortization of Intangible Assets | $179.5m | $216.5m | $231.7m | $243.2m | $275.4m | $369.6m | $193.6m | $219.8m | $256.4m | $280.0m | |
| Deferred Income Tax Expense (Benefit) | $54.7m | ($525.8m) | $22.2m | $29.2m | ($47.0m) | ($78.0m) | $23.7m | ($78.1m) | ($20.1m) | $97.6m | |
| Share-based Payment Arrangement, Noncash Expense | $109.6m | $109.7m | $91.6m | $107.0m | $111.7m | $153.7m | $116.8m | $128.7m | $116.7m | $125.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | $46.4m | $31.9m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $25.4m | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $462.1m | $0 | $261.7m | $349.0m | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $422.4m | $0 | $260.0m | $333.6m | $0 | $0 | |
| Operating Lease, Impairment Loss | — | — | — | $24.7m | — | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $0 | $23.5m | $5.3m | — | $17.4m | $28.0m | — | $22.3m | $5.3m | $4.3m | |
| Gain (Loss) on Disposition of Assets | $3.6m | — | — | ($12.2m) | ($12.2m) | ($12.2m) | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | $184.9m | ($13.2m) | $0 | $0 | — | — | $6.4m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $9.2m | ($1.5m) | ($6.2m) | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | $4.0m | $4.0m | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $7.9m | $11.3m | $11.6m | $9.8m | $2.9m | $26.5m | $5.4m | ($1.4m) | ($1.4m) | ($13.3m) | |
| Income Tax Expense (Benefit) | $372.3m | ($139.1m) | $384.4m | $280.0m | $662.1m | $747.1m | $233.9m | $188.5m | $212.4m | $229.8m | |
| Other Nonoperating Income (Expense) | $2.6m | ($7.6m) | $167.7m | ($3.2m) | ($32.1m) | $42.5m | ($32.2m) | $15.5m | $60.2m | ($55.0m) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($1.2m) | ($500k) | $900k | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $85.5m | $2.1m | ($50.2m) | $64.1m | $913.4m | ($222.0m) | ($46.5m) | $103.8m | $52.3m | $125.5m | |
| Increase (Decrease) in Inventories | $9.6m | $16.4m | $18.9m | $21.9m | $196.6m | ($2.8m) | $45.5m | $700k | $12.6m | $30.2m | |
| Increase (Decrease) in Accounts Payable | ($8.7m) | $85.6m | $43.3m | ($12.8m) | ($5.3m) | ($10.2m) | $285.4m | ($42.4m) | $72.1m | ($52.8m) | |
| Proceeds from Stock Options Exercised | — | $43.9m | $37.5m | $27.6m | $17.5m | $6.8m | $7.1m | $2.9m | $6.5m | $2.5m | |
| Goodwill | $6.4b | $7.5b | $7.4b | $7.9b | $7.8b | $8.0b | $6.1b | $6.1b | $6.4b | $6.8b | |
| Nonoperating Income (Expense) | ($206.9m) | ($229.3m) | ($57.4m) | ($225.3m) | ($226.3m) | — | — | — | — | — | |
| Stock or Unit Option Plan Expense | $0 | $900k | $3.5m | $5.9m | — | $3.6m | $4.3m | $3.8m | $5.2m | $5.9m | |
| Net Cash Provided by (Used in) Operating Activities | $1.2b | $1.5b | $1.3b | $1.4b | $2.1b | $3.1b | $2.0b | $1.3b | $1.6b | $1.6b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $278.9m | $312.9m | $379.8m | $400.2m | $381.7m | $460.4m | $429.3m | $453.6m | $489.9m | $434.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $548.6m | $1.9b | $117.8m | $876.0m | $267.6m | $496.9m | $1.2b | $671.5m | $839.0m | $582.0m | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | — | — | $192.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($795.7m) | ($2.2b) | $206.7m | ($1.3b) | ($643.2m) | ($884.6m) | ($1.7b) | ($1.2b) | ($1.4b) | ($1.2b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $1.2b | $0 | $1.1b | $0 | $1.0b | — | — | — | — | |
| Payments for Repurchase of Common Stock | $43.9m | $338.1m | $700.0m | $450.0m | $100.0m | $1.7b | $1.1b | $1.0b | $250.1m | $450.0m | |
| Dividends paid | — | — | — | — | — | — | ($195.2m) | ($254.0m) | $243.1m | $240.7m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | ($26.6m) | ($27.0m) | ($19.6m) | ($36.7m) | ($13.7m) | |
| Net Cash Provided by (Used in) Financing Activities | ($649.8m) | $631.9m | ($1.4b) | ($252.7m) | ($517.4m) | ($2.1b) | ($1.3b) | ($59.3m) | $779.9m | ($1.5b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($13.2m) | $20.5m | ($12.0m) | $1.8m | $8.6m | ($7.3m) | ($24.2m) | $9.9m | ($17.0m) | $24.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($13.2m) | $20.5m | ($12.0m) | $1.8m | $983.3m | $151.9m | ($1.0b) | $106.8m | $981.9m | ($986.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $1.5b | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $345.7m | $348.0m | $349.7m | $216.8m | $500.0m | $1.0b | $474.9m | $206.8m | $215.4m | $171.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.