$LH
LABCORP HOLDINGS INC.

2014 Q2 Form 10-Q Financial Statement

#000092014814000074 Filed on July 29, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2 2012 Q3
Revenue $1.516B $1.468B $1.419B
YoY Change 3.28% 3.15% 1.06%
Cost Of Revenue $947.8M $890.9M $863.3M
YoY Change 6.39% 5.57% 3.27%
Gross Profit $568.6M $577.3M $556.1M
YoY Change -1.51% -0.38% -2.18%
Gross Profit Margin 37.5% 39.32% 39.18%
Selling, General & Admin $297.9M $280.9M $285.1M
YoY Change 6.05% 0.5% 0.46%
% of Gross Profit 52.39% 48.66% 51.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.80M $56.90M $57.60M
YoY Change 10.37% 1.43% -0.17%
% of Gross Profit 11.04% 9.86% 10.36%
Operating Expenses $297.9M $280.9M $285.1M
YoY Change 6.05% 0.5% 0.46%
Operating Profit $246.7M $269.3M $245.1M
YoY Change -8.39% -2.43% 2.38%
Interest Expense $25.80M $23.10M $24.10M
YoY Change 11.69% 8.45% 18.72%
% of Operating Profit 10.46% 8.58% 9.83%
Other Income/Expense, Net -$14.20M $19.30M $500.0K
YoY Change -173.58% -2.53% -129.41%
Pretax Income $232.5M $250.0M $226.9M
YoY Change -7.0% -2.42% 3.09%
Income Tax $90.80M $97.70M $78.50M
% Of Pretax Income 39.05% 39.08% 34.6%
Net Earnings $141.3M $151.9M $148.0M
YoY Change -6.98% -0.91% 10.2%
Net Earnings / Revenue 9.32% 10.35% 10.43%
Basic Earnings Per Share $1.67 $1.65 $1.56
Diluted Earnings Per Share $1.64 $1.62 $1.53
COMMON SHARES
Basic Shares Outstanding 84.70M shares 92.00M shares 89.20M shares
Diluted Shares Outstanding 86.30M shares 93.70M shares 90.90M shares

Balance Sheet

Concept 2014 Q2 2013 Q2 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $480.0M $111.0M $466.0M
YoY Change 332.43% -10.48% 441.86%
Cash & Equivalents $479.5M $111.3M $111.3M
Short-Term Investments
Other Short-Term Assets $119.0M $94.00M $102.0M
YoY Change 26.6% 5.62% -37.8%
Inventory $134.5M $126.4M $118.9M
Prepaid Expenses $115.2M $75.30M $78.20M
Receivables $832.6M $815.7M $768.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.566B $1.148B $1.456B
YoY Change 36.4% 7.97% 35.68%
LONG-TERM ASSETS
Property, Plant & Equipment $741.2M $646.9M $612.2M
YoY Change 14.58% 12.27% 6.1%
Goodwill $3.069B $2.987B $2.877B
YoY Change 2.77% 10.84%
Intangibles $1.546B $1.606B $1.673B
YoY Change -3.77% 1.11%
Long-Term Investments $97.00M $88.00M $81.00M
YoY Change 10.23% 11.39% 8.0%
Other Assets $126.2M $116.6M $115.7M
YoY Change 8.23% 20.45% 23.09%
Total Long-Term Assets $5.579B $5.444B $5.359B
YoY Change 2.48% 8.12% 7.6%
TOTAL ASSETS
Total Short-Term Assets $1.566B $1.148B $1.456B
Total Long-Term Assets $5.579B $5.444B $5.359B
Total Assets $7.145B $6.592B $6.814B
YoY Change 8.39% 8.09% 12.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $280.6M $253.4M $247.4M
YoY Change 10.73% 8.06% 10.94%
Accrued Expenses $362.6M $281.8M $386.9M
YoY Change 28.67% -19.39% -4.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $98.00M $120.0M $485.0M
YoY Change -18.33% -10.45% 126.64%
Total Short-Term Liabilities $740.8M $655.1M $1.119B
YoY Change 13.08% -8.82% 13.99%
LONG-TERM LIABILITIES
Long-Term Debt $2.910B $2.390B $2.175B
YoY Change 21.75% 21.0% 22.95%
Other Long-Term Liabilities $249.8M $303.9M $223.4M
YoY Change -17.8% 33.88% 32.19%
Total Long-Term Liabilities $3.160B $2.694B $2.398B
YoY Change 17.29% 22.33% 23.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $740.8M $655.1M $1.119B
Total Long-Term Liabilities $3.160B $2.694B $2.398B
Total Liabilities $4.469B $3.908B $4.077B
YoY Change 14.35% 13.4% 16.15%
SHAREHOLDERS EQUITY
Retained Earnings $3.553B $3.575B $3.588B
YoY Change -0.6% 1.47%
Common Stock $10.40M $11.00M $11.40M
YoY Change -5.45% -4.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $965.5M $958.9M $951.8M
YoY Change 0.69% 0.75%
Treasury Stock Shares
Shareholders Equity $2.656B $2.663B $2.717B
YoY Change
Total Liabilities & Shareholders Equity $7.145B $6.592B $6.814B
YoY Change 8.39% 8.09% 12.58%

Cashflow Statement

Concept 2014 Q2 2013 Q2 2012 Q3
OPERATING ACTIVITIES
Net Income $141.3M $151.9M $148.0M
YoY Change -6.98% -0.91% 10.2%
Depreciation, Depletion And Amortization $62.80M $56.90M $57.60M
YoY Change 10.37% 1.43% -0.17%
Cash From Operating Activities $207.4M $137.6M $203.8M
YoY Change 50.73% -26.14% 15.27%
INVESTING ACTIVITIES
Capital Expenditures -$48.10M -$48.80M -$44.20M
YoY Change -1.43% 39.03% 9.41%
Acquisitions
YoY Change
Other Investing Activities $9.000M -$89.30M -$266.5M
YoY Change -110.08% 194.72% 20400.0%
Cash From Investing Activities -$39.10M -$138.1M -$310.7M
YoY Change -71.69% 111.16% 645.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.40M -74.10M 446.6M
YoY Change -65.72% -40.77% -367.91%
NET CHANGE
Cash From Operating Activities 207.4M 137.6M 203.8M
Cash From Investing Activities -39.10M -138.1M -310.7M
Cash From Financing Activities -25.40M -74.10M 446.6M
Net Change In Cash 142.9M -74.60M 339.7M
YoY Change -291.55% 1676.19% -1175.0%
FREE CASH FLOW
Cash From Operating Activities $207.4M $137.6M $203.8M
Capital Expenditures -$48.10M -$48.80M -$44.20M
Free Cash Flow $255.5M $186.4M $248.0M
YoY Change 37.07% -15.81% 14.18%

Facts In Submission

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900000 USD
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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500000 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
600000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
600000 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
500000 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2013Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2310800000 USD
CY2014Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2328300000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
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1572000000 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
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1545800000 USD
us-gaap Interest Expense
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47600000 USD
us-gaap Interest Expense
InterestExpense
51500000 USD
CY2014Q2 us-gaap Interest Expense
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25800000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
23100000 USD
CY2013Q4 us-gaap Inventory Net
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136500000 USD
CY2014Q2 us-gaap Inventory Net
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134500000 USD
us-gaap Investment Income Net
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400000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
600000 USD
CY2013Q2 us-gaap Investment Income Net
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200000 USD
CY2014Q2 us-gaap Investment Income Net
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400000 USD
CY2013Q4 us-gaap Investments Fair Value Disclosure
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26300000 USD
CY2014Q2 us-gaap Investments Fair Value Disclosure
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0 USD
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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88500000 USD
CY2014Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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96500000 USD
CY2014Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
42500000 USD
CY2013Q4 us-gaap Liabilities
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4455200000 USD
CY2014Q2 us-gaap Liabilities
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4469100000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
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7144800000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6965900000 USD
CY2013Q4 us-gaap Liabilities Current
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735700000 USD
CY2014Q2 us-gaap Liabilities Current
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740800000 USD
CY2014Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
0 USD
CY2014Q1 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
The Company was in compliance with all covenants in the Credit Agreement as of June 30, 2014.
us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
The Credit Agreement also contains limitations on aggregate subsidiary indebtedness and a debt covenant that requires that the Company maintain on the last day of any period of four consecutive fiscal quarters, in each case taken as one accounting period, a ratio of total debt to consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of not more than 3.0 to 1.0.
CY2011Q3 us-gaap Litigation Settlement Amount
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49.5 USD
CY2014Q2 us-gaap Long Term Debt Noncurrent
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2909900000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
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2889100000 USD
us-gaap Loss Contingency Damages Awarded Value
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50000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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-199600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-147200000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
349700000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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335800000 USD
CY2014Q2 us-gaap Net Income Loss
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141300000 USD
us-gaap Net Income Loss
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254400000 USD
CY2013Q2 us-gaap Net Income Loss
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151900000 USD
us-gaap Net Income Loss
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299200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
800000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
400000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
800000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
400000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
254400000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
141300000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
299200000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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151900000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
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14200000 USD
us-gaap Nonoperating Income Expense
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39900000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
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19300000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
29800000 USD
CY2014Q2 us-gaap Operating Income Loss
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246700000 USD
us-gaap Operating Income Loss
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450000000 USD
us-gaap Operating Income Loss
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531300000 USD
CY2013Q2 us-gaap Operating Income Loss
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269300000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
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143100000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
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126200000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
3900000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
6300000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
4500000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
21900000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-12400000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-500000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
35500000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-31400000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-59100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax
0 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
13000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
1100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-6500000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-2200000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-4500000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-3300000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1800000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-3400000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-19900000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
8900000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-4700000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-200000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
266500000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
249800000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7500000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments For Proceeds From Investments
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us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
164200000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
479200000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
400000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
600000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
106200000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
65700000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
8500000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3300000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
90500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
104600000 USD
us-gaap Pension Contributions
PensionContributions
0 USD
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.10
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
115200000 USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
106900000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
255000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
300000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
400000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
152300000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
141700000 USD
us-gaap Profit Loss
ProfitLoss
255200000 USD
us-gaap Profit Loss
ProfitLoss
300000000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
741200000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
707400000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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16900000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
200000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
30000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
350000000 USD
us-gaap Restructuring Charges
RestructuringCharges
10300000 USD
CY2014Q2 us-gaap Restructuring Reserve
RestructuringReserve
24200000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
25700000 USD
us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
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CY2014Q2 us-gaap Restructuring Reserve Current
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9900000 USD
CY2014Q2 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
14300000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3553000000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1516400000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3373500000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2947100000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1468200000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2909100000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
582800000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
297900000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
564100000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
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280900000 USD
us-gaap Severance Costs1
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5200000 USD
us-gaap Severance Costs1
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10100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
23600000 USD
us-gaap Share Based Compensation
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22100000 USD
us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
100000 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
100000 shares
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
7100000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
6600000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1700000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
479200000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
164200000 USD
CY2013Q4 us-gaap Stockholders Equity
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CY2014Q2 us-gaap Stockholders Equity
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CY2012Q4 us-gaap Stockholders Equity
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CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
2663400000 USD
CY2014Q2 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
22500000 shares
CY2013Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
22400000 shares
CY2013Q4 us-gaap Treasury Stock Value
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958900000 USD
CY2014Q2 us-gaap Treasury Stock Value
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CY2014Q2 us-gaap Unrecognized Tax Benefits
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25600000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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25600000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
10100000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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9300000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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25600000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
25600000 USD
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86400000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94100000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84700000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92500000 shares
lh Codefendantsapportionedresponsibility
Codefendantsapportionedresponsibility
0.50
CY2013Q4 lh Common Stock Repurchase Authorization Outstanding
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CY2014Q2 lh Common Stock Repurchase Authorization Outstanding
CommonStockRepurchaseAuthorizationOutstanding
894400000 USD
lh Commons Stock Issued During Period Shares Employee Stock Plans
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900000 shares
lh Companysapportionedresponsibility
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0.50
lh Conversionofconvertibledebt
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4500000 USD
lh Conversionofconvertibledebt
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4700000 USD
CY2014Q1 lh Cost Method Investments Maximum Ownership Percentage
CostMethodInvestmentsMaximumOwnershipPercentage
0.20
lh Debt Covenant Requirement For Number Of Consecutive Fiscal Quarters
DebtCovenantRequirementForNumberOfConsecutiveFiscalQuarters
4 Quarters
CY2014Q2 lh Debt To Ebitda Leverage Ratio
DebtToEbitdaLeverageRatio
2.51
lh Deferred Paymentson Acquisition Liabilities
DeferredPaymentsonAcquisitionLiabilities
3500000 USD
lh Deferred Paymentson Acquisition Liabilities
DeferredPaymentsonAcquisitionLiabilities
0 USD
lh Discretionary Contribution Percentage Maximum
DiscretionaryContributionPercentageMaximum
0.03
lh Discretionary Contribution Percentage Mininum
DiscretionaryContributionPercentageMininum
0.01
lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
600000 USD
lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
200000 USD
lh Facility Related Restructuring Reserve Accrual Adjustment
FacilityRelatedRestructuringReserveAccrualAdjustment
500000 USD
lh Facility Related Restructuring Reserve Accrual Adjustment
FacilityRelatedRestructuringReserveAccrualAdjustment
1700000 USD
CY2013Q4 lh Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability
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36300000 USD
CY2014Q2 lh Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability
FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability
40300000 USD
CY2013Q4 lh Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts
FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts
19400000 USD
CY2014Q2 lh Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts
FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts
19300000 USD
CY2013Q2 lh Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest
IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest
250000000 USD
lh Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest
IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest
420200000 USD
lh Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest
IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest
491400000 USD
CY2014Q2 lh Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest
IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest
232500000 USD
CY2014Q2 lh Income Tax Benefit Minimum Certainty Percentage
IncomeTaxBenefitMinimumCertaintyPercentage
0.50
lh Increase Decrease In Accrued Expenses And Other
IncreaseDecreaseInAccruedExpensesAndOther
-35800000 USD
lh Increase Decrease In Accrued Expenses And Other
IncreaseDecreaseInAccruedExpensesAndOther
12800000 USD
lh Interest Paid In Cash
InterestPaidInCash
55800000 USD
lh Interest Paid In Cash
InterestPaidInCash
50500000 USD
lh Issuanceofcommonstockunderemployeeplans
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58900000 USD
lh Issuanceofcommonstockunderemployeeplans
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131100000 USD
lh Loss Contingency Damages Awarded Gross
LossContingencyDamagesAwardedGross
20800000 USD
lh Loss Contingency Damages Awarded Net
LossContingencyDamagesAwardedNet
15800000 USD
lh Losscontingencyreduceddamagesawardedgross
Losscontingencyreduceddamagesawardedgross
5000000 USD
lh Losscontingencyreduceddamagesawardednet
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4400000 USD
lh Minimum Percentage Market To Calculated Price At Which Contingent Cash Interest Is Due
MinimumPercentageMarketToCalculatedPriceAtWhichContingentCashInterestIsDue
1.2
lh Net Restructuring And Other Special Charges
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9600000 USD
CY2014Q2 lh Net Restructuring And Other Special Charges
NetRestructuringAndOtherSpecialCharges
2000000 USD
CY2013Q2 lh Net Restructuring And Other Special Charges
NetRestructuringAndOtherSpecialCharges
6600000 USD
lh Net Restructuring And Other Special Charges
NetRestructuringAndOtherSpecialCharges
14100000 USD
lh Net Restructuring Charges
NetRestructuringCharges
9600000 USD
lh Net Restructuring Charges
NetRestructuringCharges
14100000 USD
lh Non Elective Contribution
NonElectiveContribution
0.03
lh Noncashconversionofzerocouponconvertibledebt
Noncashconversionofzerocouponconvertibledebt
8100000 USD
lh Noncashconversionofzerocouponconvertibledebt
Noncashconversionofzerocouponconvertibledebt
10300000 USD
CY2013Q4 lh Noncontrolling Interest Mezzanine Equity
NoncontrollingInterestMezzanineEquity
19400000 USD
CY2014Q2 lh Noncontrolling Interest Mezzanine Equity
NoncontrollingInterestMezzanineEquity
19300000 USD
CY2014Q2 lh Number Of Features Considered To Be Embedded Derivative Instruments
NumberOfFeaturesConsideredToBeEmbeddedDerivativeInstruments
2 Embedded_Derivative_Instruments
CY2012Q3 lh Number Of Recipients
NumberOfRecipients
39 Recipients
lh Other Special Charges
OtherSpecialCharges
4700000 USD
lh Payments On Zero Coupon Notes
PaymentsOnZeroCouponNotes
21300000 USD
lh Payments On Zero Coupon Notes
PaymentsOnZeroCouponNotes
15900000 USD
CY2011Q2 lh Previously Recorded Litigation Reserve In Connection With False Claims Act Lawsuit
PreviouslyRecordedLitigationReserveInConnectionWithFalseClaimsActLawsuit
15000000 USD
lh Proceedsfromissuanceofstocktoemployees
Proceedsfromissuanceofstocktoemployees
58900000 USD
lh Proceedsfromissuanceofstocktoemployees
Proceedsfromissuanceofstocktoemployees
131100000 USD
CY2012Q3 lh Proposed Damages Per Violation
ProposedDamagesPerViolation
0.0005
lh Reductionfor Plaintiff Negligence
ReductionforPlaintiffNegligence
0.25
lh Restricted Stock Awards And Performance Shares Surrendered
RestrictedStockAwardsAndPerformanceSharesSurrendered
6600000 USD
lh Restricted Stock Awards And Performance Shares Surrendered
RestrictedStockAwardsAndPerformanceSharesSurrendered
4600000 USD
lh Restructuring Reserve Settled With Cash And Other Adjustment
RestructuringReserveSettledWithCashAndOtherAdjustment
11100000 USD
CY2014Q2 lh Revolving Credit Facilitycovenanttermsceiling
RevolvingCreditFacilitycovenanttermsceiling
3.0
CY2014Q2 lh Senior Notes Fair Value
SeniorNotesFairValue
2976300000 USD
CY2013Q4 lh Senior Notes Fair Value
SeniorNotesFairValue
2907800000 USD
CY2013Q4 lh Zero Coupon Notes Fair Value
ZeroCouponNotesFairValue
155500000 USD
CY2014Q2 lh Zero Coupon Notes Fair Value
ZeroCouponNotesFairValue
154100000 USD
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000920148
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
84900000 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
LABORATORY CORP OF AMERICA HOLDINGS

Files In Submission

Name View Source Status
0000920148-14-000074-index-headers.html Edgar Link pending
0000920148-14-000074-index.html Edgar Link pending
0000920148-14-000074.txt Edgar Link pending
0000920148-14-000074-xbrl.zip Edgar Link pending
exhibit121q22014.htm Edgar Link pending
exhibit311q22014.htm Edgar Link pending
exhibit312q22014.htm Edgar Link pending
exhibit32q22014.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lh-20140630.xml Edgar Link completed
lh-20140630.xsd Edgar Link pending
lh-20140630_cal.xml Edgar Link unprocessable
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