$LH
LABCORP HOLDINGS INC.

2014 Q4 Form 10-Q Financial Statement

#000092014814000098 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $1.513B $1.552B $1.462B
YoY Change 5.27% 6.13% 3.02%
Cost Of Revenue $966.2M $980.6M $914.6M
YoY Change 6.07% 7.22% 5.94%
Gross Profit $546.5M $571.2M $547.6M
YoY Change 3.88% 4.31% -1.53%
Gross Profit Margin 36.13% 36.81% 37.45%
Selling, General & Admin $315.8M $305.7M $279.0M
YoY Change 10.54% 9.57% -2.14%
% of Gross Profit 57.79% 53.52% 50.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.50M $58.50M $57.90M
YoY Change 6.19% 1.04% 0.52%
% of Gross Profit 11.62% 10.24% 10.57%
Operating Expenses $331.2M $305.7M $279.0M
YoY Change 7.85% 9.57% -2.14%
Operating Profit $215.3M $241.4M $244.6M
YoY Change -1.69% -1.31% -0.2%
Interest Expense -$28.00M $25.90M $24.70M
YoY Change 42.86% 4.86% 2.49%
% of Operating Profit -13.01% 10.73% 10.1%
Other Income/Expense, Net -$3.500M -$22.40M -$14.60M
YoY Change 191.67% 53.42% -3020.0%
Pretax Income $181.4M $219.0M $230.0M
YoY Change -6.59% -4.78% 1.37%
Income Tax $61.50M $81.50M $81.30M
% Of Pretax Income 33.9% 37.21% 35.35%
Net Earnings $119.6M $137.2M $148.3M
YoY Change -5.38% -7.48% 0.2%
Net Earnings / Revenue 7.91% 8.84% 10.14%
Basic Earnings Per Share $1.41 $1.62 $1.66
Diluted Earnings Per Share $1.37 $1.59 $1.63
COMMON SHARES
Basic Shares Outstanding 84.50M shares 84.90M shares 89.20M shares
Diluted Shares Outstanding 86.50M shares 90.90M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $580.0M $576.0M $174.0M
YoY Change 43.56% 231.03% -62.66%
Cash & Equivalents $580.0M $575.7M $575.7M
Short-Term Investments
Other Short-Term Assets $158.0M $131.0M $99.00M
YoY Change 47.66% 32.32% -2.94%
Inventory $139.5M $138.8M $126.5M
Prepaid Expenses $157.5M $126.3M $79.90M
Receivables $815.7M $841.6M $813.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.693B $1.688B $1.213B
YoY Change 18.2% 39.15% -16.68%
LONG-TERM ASSETS
Property, Plant & Equipment $786.5M $754.7M $672.6M
YoY Change 11.18% 12.21% 9.87%
Goodwill $6.202B $3.066B $2.991B
YoY Change 105.18% 2.52% 3.94%
Intangibles $1.476B $1.489B $1.601B
YoY Change -6.12% -6.99% -4.25%
Long-Term Investments $93.00M $95.00M $87.00M
YoY Change 4.49% 9.2% 7.41%
Other Assets $154.8M $138.8M $122.1M
YoY Change 8.18% 13.68% 5.53%
Total Long-Term Assets $5.609B $5.544B $5.474B
YoY Change 1.36% 1.28% 2.15%
TOTAL ASSETS
Total Short-Term Assets $1.693B $1.688B $1.213B
Total Long-Term Assets $5.609B $5.544B $5.474B
Total Assets $7.302B $7.232B $6.687B
YoY Change 4.82% 8.15% -1.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $282.3M $286.2M $262.0M
YoY Change -7.29% 9.24% 5.9%
Accrued Expenses $341.4M $365.2M $308.2M
YoY Change 10.13% 18.49% -20.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $343.9M $98.00M $110.0M
YoY Change 210.38% -10.91% -77.32%
Total Short-Term Liabilities $976.3M $749.0M $680.6M
YoY Change 32.7% 10.05% -39.2%
LONG-TERM LIABILITIES
Long-Term Debt $2.683B $2.917B $2.554B
YoY Change -7.14% 14.24% 17.4%
Other Long-Term Liabilities $274.2M $223.9M $303.7M
YoY Change 2.89% -26.28% 35.94%
Total Long-Term Liabilities $2.957B $3.141B $2.857B
YoY Change -6.3% 9.93% 19.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $976.3M $749.0M $680.6M
Total Long-Term Liabilities $2.957B $3.141B $2.857B
Total Liabilities $4.464B $4.443B $4.101B
YoY Change 0.19% 8.33% 0.6%
SHAREHOLDERS EQUITY
Retained Earnings $3.786B $3.686B $3.462B
YoY Change 12.23% 6.47% -3.51%
Common Stock $10.40M $10.40M $10.70M
YoY Change -0.95% -2.8% -6.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $965.5M $965.5M $958.9M
YoY Change 0.69% 0.69% 0.75%
Treasury Stock Shares 22.50M shares
Shareholders Equity $2.821B $2.771B $2.656B
YoY Change
Total Liabilities & Shareholders Equity $7.302B $7.232B $6.687B
YoY Change 4.82% 8.15% -1.87%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $119.6M $137.2M $148.3M
YoY Change -5.38% -7.48% 0.2%
Depreciation, Depletion And Amortization $63.50M $58.50M $57.90M
YoY Change 6.19% 1.04% 0.52%
Cash From Operating Activities $213.7M $175.6M $234.2M
YoY Change -14.07% -25.02% 14.92%
INVESTING ACTIVITIES
Capital Expenditures -$46.30M -$52.60M -$52.10M
YoY Change -22.32% 0.96% 17.87%
Acquisitions
YoY Change
Other Investing Activities -$101.0M -$3.000M $4.900M
YoY Change 89.85% -161.22% -101.84%
Cash From Investing Activities -$147.3M -$55.60M -$47.20M
YoY Change 30.59% 17.8% -84.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.80M -18.40M -126.8M
YoY Change -161.64% -85.49% -128.39%
NET CHANGE
Cash From Operating Activities 213.7M 175.6M 234.2M
Cash From Investing Activities -147.3M -55.60M -47.20M
Cash From Financing Activities -58.80M -18.40M -126.8M
Net Change In Cash 7.600M 101.6M 60.20M
YoY Change -96.71% 68.77% -82.28%
FREE CASH FLOW
Cash From Operating Activities $213.7M $175.6M $234.2M
Capital Expenditures -$46.30M -$52.60M -$52.10M
Free Cash Flow $260.0M $228.2M $286.3M
YoY Change -15.67% -20.29% 15.44%

Facts In Submission

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IncrementalCommonSharesAttributableToConversionOfDebtSecurities
600000 shares
CY2014Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
500000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
500000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
CY2013Q3 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
CY2013Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2310800000 USD
CY2014Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2293600000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1572000000 USD
CY2014Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1489400000 USD
us-gaap Interest Expense
InterestExpense
72300000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
25900000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
24700000 USD
us-gaap Interest Expense
InterestExpense
77400000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
136500000 USD
CY2014Q3 us-gaap Inventory Net
InventoryNet
138800000 USD
CY2014Q3 us-gaap Investment Income Net
InvestmentIncomeNet
300000 USD
CY2013Q3 us-gaap Investment Income Net
InvestmentIncomeNet
1800000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
900000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
2200000 USD
CY2014Q3 us-gaap Investments Fair Value Disclosure
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1000000 USD
CY2013Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
26300000 USD
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
88500000 USD
CY2014Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
94700000 USD
CY2014Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
42500000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
4455200000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
4442600000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7231800000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6965900000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
735700000 USD
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
749000000 USD
CY2014Q3 us-gaap Line Of Credit
LineOfCredit
0 USD
us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
The Company was in compliance with all covenants in the Credit Agreement as of September 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
LitigationSettlementAmount
49.5 USD
CY2014Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2917100000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2889100000 USD
us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
50000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-141800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-613700000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-202800000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-246800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
525300000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
570000000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
148300000 USD
us-gaap Net Income Loss
NetIncomeLoss
391600000 USD
us-gaap Net Income Loss
NetIncomeLoss
447500000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
137200000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1100000 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
400000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
391600000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
447500000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
137200000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
148300000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-52200000 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14600000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-54500000 USD
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-22400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
775900000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
241400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
691400000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
244600000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
143100000 USD
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
138800000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-49100000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-18400000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
0 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
7100000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-21100000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-42300000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
24900000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-29900000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-27700000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
22400000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-49100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-36700000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-48600000 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
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17300000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15400000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-25900000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
26100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-25200000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-20700000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-2500000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-9000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
9700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-20300000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
900000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-11700000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-16400000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
9500000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-10400000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-19000000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
266500000 USD
CY2014Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
223900000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3300000 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4700000 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-500000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13900000 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-7500000 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-31700000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
229900000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
765500000 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
600000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
900000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
109000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
65300000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
12900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
157200000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
142600000 USD
us-gaap Pension Contributions
PensionContributions
0 USD
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.10
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
126300000 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
412000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
600000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
900000 USD
us-gaap Profit Loss
ProfitLoss
448700000 USD
us-gaap Profit Loss
ProfitLoss
392700000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
137500000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
148700000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
754700000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
707400000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
21200000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
600000 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
40000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
350000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 USD
us-gaap Restructuring Charges
RestructuringCharges
16500000 USD
CY2014Q3 us-gaap Restructuring Reserve
RestructuringReserve
24200000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
25700000 USD
us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-1100000 USD
CY2014Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
9900000 USD
CY2014Q3 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
14300000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3685600000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3373500000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
4498900000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
4371300000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1551800000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1462200000 USD
lh Accretedinterestonzerocouponnotes
Accretedinterestonzerocouponnotes
1800000 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
279000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
888500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
843100000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
305700000 USD
us-gaap Severance Costs1
SeveranceCosts1
9800000 USD
us-gaap Severance Costs1
SeveranceCosts1
11800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
28900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
35100000 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
2400000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
765500000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
229900000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
2491300000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
2770800000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
2717400000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
2565600000 USD
CY2014Q3 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
TreasuryStockValue
958900000 USD
CY2014Q3 us-gaap Treasury Stock Value
TreasuryStockValue
965500000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
21900000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
25600000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
8800000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
9300000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
21900000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
25600000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93000000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86500000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91400000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84900000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84900000 shares
lh Changeinaccrualforpropertyplantandequipment
Changeinaccrualforpropertyplantandequipment
-3300000 USD
lh Changeinaccrualforpropertyplantandequipment
Changeinaccrualforpropertyplantandequipment
1800000 USD
lh Codefendantsapportionedresponsibility
Codefendantsapportionedresponsibility
0.50
CY2013Q4 lh Common Stock Repurchase Authorization Outstanding
CommonStockRepurchaseAuthorizationOutstanding
1058500000 USD
CY2014Q3 lh Common Stock Repurchase Authorization Outstanding
CommonStockRepurchaseAuthorizationOutstanding
828600000 USD
lh Commons Stock Issued During Period Shares Employee Stock Plans
CommonsStockIssuedDuringPeriodSharesEmployeeStockPlans
1600000 shares
lh Companysapportionedresponsibility
Companysapportionedresponsibility
0.50
lh Conversionofconvertibledebt
Conversionofconvertibledebt
3500000 USD
lh Conversionofconvertibledebt
Conversionofconvertibledebt
4700000 USD
lh Cost Method Investments Maximum Ownership Percentage
CostMethodInvestmentsMaximumOwnershipPercentage
0.20
lh Debt Covenant Requirement For Number Of Consecutive Fiscal Quarters
DebtCovenantRequirementForNumberOfConsecutiveFiscalQuarters
4 Quarters
CY2014Q3 lh Debt To Ebitda Leverage Ratio
DebtToEbitdaLeverageRatio
2.50
lh Deferred Paymentson Acquisition Liabilities
DeferredPaymentsonAcquisitionLiabilities
5200000 USD
lh Deferred Paymentson Acquisition Liabilities
DeferredPaymentsonAcquisitionLiabilities
5600000 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
400000 USD
lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
700000 USD
lh Facility Related Restructuring Reserve Accrual Adjustment
FacilityRelatedRestructuringReserveAccrualAdjustment
700000 USD
lh Facility Related Restructuring Reserve Accrual Adjustment
FacilityRelatedRestructuringReserveAccrualAdjustment
2100000 USD
CY2014Q3 lh Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability
FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability
41300000 USD
CY2013Q4 lh Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability
FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability
36300000 USD
CY2014Q3 lh Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts
FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts
18400000 USD
CY2013Q4 lh Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts
FairValueLiabilitiesMeasuredOnRecurringBasisNoncontrollingInterestPuts
19400000 USD
CY2013Q3 lh Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest
IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest
230000000 USD
lh Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest
IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest
721400000 USD
lh Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest
IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest
639200000 USD
CY2014Q3 lh Income Lossfrom Continuing Operations Before Income Taxesand Noncontrolling Interest
IncomeLossfromContinuingOperationsBeforeIncomeTaxesandNoncontrollingInterest
219000000 USD
CY2014Q3 lh Income Tax Benefit Minimum Certainty Percentage
IncomeTaxBenefitMinimumCertaintyPercentage
0.50
lh Increase Decrease In Accrued Expenses And Other
IncreaseDecreaseInAccruedExpensesAndOther
12300000 USD
lh Increase Decrease In Accrued Expenses And Other
IncreaseDecreaseInAccruedExpensesAndOther
-20800000 USD
lh Interest Paid In Cash
InterestPaidInCash
74700000 USD
lh Interest Paid In Cash
InterestPaidInCash
65400000 USD
lh Issuanceofcommonstockunderemployeeplans
Issuanceofcommonstockunderemployeeplans
106200000 USD
lh Issuanceofcommonstockunderemployeeplans
Issuanceofcommonstockunderemployeeplans
148600000 USD
lh Loss Contingency Damages Awarded Gross
LossContingencyDamagesAwardedGross
20800000 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
NetRestructuringAndOtherSpecialCharges
15400000 USD
lh Net Restructuring And Other Special Charges
NetRestructuringAndOtherSpecialCharges
17800000 USD
CY2013Q3 lh Net Restructuring And Other Special Charges
NetRestructuringAndOtherSpecialCharges
3700000 USD
CY2014Q3 lh Net Restructuring And Other Special Charges
NetRestructuringAndOtherSpecialCharges
5800000 USD
lh Net Restructuring Charges
NetRestructuringCharges
15400000 USD
lh Net Restructuring Charges
NetRestructuringCharges
17800000 USD
lh Non Elective Contribution
NonElectiveContribution
0.03
lh Noncashconversionofzerocouponconvertibledebt
Noncashconversionofzerocouponconvertibledebt
8600000 USD
lh Noncashconversionofzerocouponconvertibledebt
Noncashconversionofzerocouponconvertibledebt
10300000 USD
CY2013Q4 lh Noncontrolling Interest Mezzanine Equity
NoncontrollingInterestMezzanineEquity
19400000 USD
CY2014Q3 lh Noncontrolling Interest Mezzanine Equity
NoncontrollingInterestMezzanineEquity
18400000 USD
CY2014Q3 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
10100000 USD
lh Payments On Zero Coupon Notes
PaymentsOnZeroCouponNotes
21300000 USD
lh Payments On Zero Coupon Notes
PaymentsOnZeroCouponNotes
16800000 USD
CY2011Q2 lh Previously Recorded Litigation Reserve In Connection With False Claims Act Lawsuit
PreviouslyRecordedLitigationReserveInConnectionWithFalseClaimsActLawsuit
15000000 USD
lh Proceedsfromissuanceofstocktoemployees
Proceedsfromissuanceofstocktoemployees
148600000 USD
lh Proceedsfromissuanceofstocktoemployees
Proceedsfromissuanceofstocktoemployees
106200000 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
7100000 USD
lh Restructuring Reserve Settled With Cash And Other Adjustment
RestructuringReserveSettledWithCashAndOtherAdjustment
16900000 USD
CY2014Q3 lh Revolving Credit Facilitycovenanttermsceiling
RevolvingCreditFacilitycovenanttermsceiling
3.0
CY2014Q3 lh Senior Notes Fair Value
SeniorNotesFairValue
2956800000 USD
CY2013Q4 lh Senior Notes Fair Value
SeniorNotesFairValue
2907800000 USD
CY2013Q4 lh Zero Coupon Notes Fair Value
ZeroCouponNotesFairValue
155500000 USD
CY2014Q3 lh Zero Coupon Notes Fair Value
ZeroCouponNotesFairValue
152300000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000920148
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
84500000 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
0000920148-14-000098-index-headers.html Edgar Link pending
0000920148-14-000098-index.html Edgar Link pending
0000920148-14-000098.txt Edgar Link pending
0000920148-14-000098-xbrl.zip Edgar Link pending
exhibit121q32014.htm Edgar Link pending
exhibit311q32014.htm Edgar Link pending
exhibit312q32014.htm Edgar Link pending
exhibit32q32014.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lh-20140930.xml Edgar Link completed
lh-20140930.xsd Edgar Link pending
lh-20140930_cal.xml Edgar Link unprocessable
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