2020 Q1 Form 10-Q Financial Statement

#000092014820000029 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $2.824B $2.791B
YoY Change 1.17% -2.0%
Cost Of Revenue $2.096B $2.002B
YoY Change 4.71% -3.28%
Gross Profit $728.0M $789.7M
YoY Change -7.81% 1.37%
Gross Profit Margin 25.78% 28.29%
Selling, General & Admin $395.5M $393.8M
YoY Change 0.43% -0.81%
% of Gross Profit 54.33% 49.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $144.6M $135.5M
YoY Change 6.72% -5.11%
% of Gross Profit 19.86% 17.16%
Operating Expenses $395.5M $393.8M
YoY Change 0.43% -0.81%
Operating Profit -$192.6M $318.2M
YoY Change -160.53% 4.19%
Interest Expense $55.00M $56.70M
YoY Change -3.0% -10.71%
% of Operating Profit 17.82%
Other Income/Expense, Net -$75.10M -$63.50M
YoY Change 18.27% -0.63%
Pretax Income -$267.7M $254.7M
YoY Change -205.1% 5.47%
Income Tax $49.20M $68.80M
% Of Pretax Income 27.01%
Net Earnings -$317.2M $185.6M
YoY Change -270.91% 7.16%
Net Earnings / Revenue -11.23% 6.65%
Basic Earnings Per Share -$3.27 $1.88
Diluted Earnings Per Share -$3.27 $1.86
COMMON SHARES
Basic Shares Outstanding 97.20M shares 98.60M shares
Diluted Shares Outstanding 97.20M shares 99.50M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $324.0M $349.0M
YoY Change -7.16% -3.59%
Cash & Equivalents $323.6M $348.8M
Short-Term Investments
Other Short-Term Assets $353.0M $317.0M
YoY Change 11.36% -8.65%
Inventory $254.0M $233.7M
Prepaid Expenses $353.2M $317.1M
Receivables $1.482B $1.563B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.891B $2.885B
YoY Change 0.2% -0.39%
LONG-TERM ASSETS
Property, Plant & Equipment $2.610B $2.458B
YoY Change 6.17% 40.46%
Goodwill $7.389B $7.386B
YoY Change 0.04% -3.01%
Intangibles $3.905B $3.885B
YoY Change 0.52% -9.6%
Long-Term Investments $67.00M $67.00M
YoY Change 0.0% 15.52%
Other Assets $430.6M $288.2M
YoY Change 49.41% 35.88%
Total Long-Term Assets $14.41B $14.09B
YoY Change 2.28% 1.08%
TOTAL ASSETS
Total Short-Term Assets $2.891B $2.885B
Total Long-Term Assets $14.41B $14.09B
Total Assets $17.30B $16.97B
YoY Change 1.93% 0.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $568.7M $592.2M
YoY Change -3.97% 14.08%
Accrued Expenses $828.1M $797.3M
YoY Change 3.86% 6.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.000M
YoY Change -100.0% -88.89%
Long-Term Debt Due $426.0M $508.0M
YoY Change -16.14% 24.21%
Total Short-Term Liabilities $2.458B $2.527B
YoY Change -2.73% 20.1%
LONG-TERM LIABILITIES
Long-Term Debt $5.790B $5.496B
YoY Change 5.36% -13.58%
Other Long-Term Liabilities $369.4M $307.3M
YoY Change 20.21% -17.57%
Total Long-Term Liabilities $6.160B $5.803B
YoY Change 6.15% -13.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.458B $2.527B
Total Long-Term Liabilities $6.160B $5.803B
Total Liabilities $10.26B $9.840B
YoY Change 4.27% 0.13%
SHAREHOLDERS EQUITY
Retained Earnings $7.529B $7.265B
YoY Change 3.63% 14.07%
Common Stock $9.000M $1.413B
YoY Change -99.36% -28.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.128B
YoY Change 3.91%
Treasury Stock Shares
Shareholders Equity $7.020B $7.111B
YoY Change
Total Liabilities & Shareholders Equity $17.30B $16.97B
YoY Change 1.93% 0.83%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$317.2M $185.6M
YoY Change -270.91% 7.16%
Depreciation, Depletion And Amortization $144.6M $135.5M
YoY Change 6.72% -5.11%
Cash From Operating Activities $203.8M $165.8M
YoY Change 22.92% -7.74%
INVESTING ACTIVITIES
Capital Expenditures $106.6M $94.20M
YoY Change 13.16% 29.93%
Acquisitions $0.00 $47.30M
YoY Change -100.0%
Other Investing Activities $0.00 -$46.30M
YoY Change -100.0% 2472.22%
Cash From Investing Activities -$106.6M -$140.5M
YoY Change -24.13% 89.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0M $100.1M
YoY Change -0.1% 33.47%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$102.8M -$103.2M
YoY Change -0.39% 58.77%
NET CHANGE
Cash From Operating Activities $203.8M $165.8M
Cash From Investing Activities -$106.6M -$140.5M
Cash From Financing Activities -$102.8M -$103.2M
Net Change In Cash -$13.90M -$78.00M
YoY Change -82.18% -293.07%
FREE CASH FLOW
Cash From Operating Activities $203.8M $165.8M
Capital Expenditures $106.6M $94.20M
Free Cash Flow $97.20M $71.60M
YoY Change 35.75% -33.21%

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-28800000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-11200000 USD
CY2019Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5600000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-149100000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-136600000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
203800000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
165800000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
106600000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
94200000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7000000.0 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3900000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
900000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
400000 USD
CY2020Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
7900000 USD
CY2019Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3300000 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
47300000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-106600000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-140500000 USD
CY2020Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
151700000 USD
CY2019Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
133200000 USD
CY2020Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
151700000 USD
CY2019Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
133200000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
22000000.0 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
19400000 USD
CY2020Q1 lh Net Proceeds From Issuance Of Stock To Employees
NetProceedsFromIssuanceOfStockToEmployees
26900000 USD
CY2019Q1 lh Net Proceeds From Issuance Of Stock To Employees
NetProceedsFromIssuanceOfStockToEmployees
24700000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000000.0 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13900000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100100000 USD
CY2020Q1 lh Other Financing Cash Flows
OtherFinancingCashFlows
7700000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-78000000.0 USD
CY2019Q1 lh Other Financing Cash Flows
OtherFinancingCashFlows
8400000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-102800000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-103200000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-8300000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-100000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
337500000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
426800000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
323600000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
348800000 USD
CY2020Q1 lh Cost Method Investments Maximum Ownership Percentage
CostMethodInvestmentsMaximumOwnershipPercentage
0.200
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
437400000 USD
CY2020Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
20200000 USD
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The extent to which the COVID-19 pandemic impacts the Company’s business and financial results will depend on numerous evolving factors including, but not limited to: the magnitude and duration of the COVID-19 pandemic, the extent to which it will impact worldwide macroeconomic conditions including interest rates, employment rates and health insurance coverage, the speed of the anticipated recovery, and governmental and business reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of March 31, 2020 and through the date of this report. The accounting matters assessed included, but were not limited to, the Company’s implicit price concessions and credit losses, equity investments, software, notes receivable and the carrying value of goodwill and other long-lived assets. The Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in additional material impacts to the Company’s consolidated financial statements in future reporting periods.</span></div>
CY2020Q1 lh Percentof Revenue Contributed
PercentofRevenueContributed
1
CY2019Q1 lh Percentof Revenue Contributed
PercentofRevenueContributed
1
CY2020Q1 lh Sales Commission Amortization Period Minimum
SalesCommissionAmortizationPeriodMinimum
P12M
CY2020Q1 lh Sales Commission Amortization Period Maximum
SalesCommissionAmortizationPeriodMaximum
P57M
CY2020Q1 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
30300000 USD
CY2019Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
28600000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
13800000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
14900000 USD
CY2020Q1 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
44100000 USD
CY2019Q4 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
43500000 USD
CY2020Q1 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
5300000 USD
CY2019Q1 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
4500000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3000000.0 USD
CY2019Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1800000 USD
CY2020Q1 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
480600000 USD
CY2019Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
483700000 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
430900000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
449200000 USD
CY2020Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
121800000 USD
CY2019Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
103600000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19000000.0 USD
CY2019Q4 lh Unbilled Services Allowancefor Credit Loss
UnbilledServicesAllowanceforCreditLoss
2300000 USD
CY2019Q4 lh Note Receivable Allowancefor Credit Loss
NoteReceivableAllowanceforCreditLoss
0 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8500000 USD
CY2019Q4 lh Allowancefor Credit Loss
AllowanceforCreditLoss
21300000 USD
CY2020Q1 lh Current Expected Credit Losses Opening Balance Sheet Impacton Retained Earnings
CurrentExpectedCreditLossesOpeningBalanceSheetImpactonRetainedEarnings
7000000.0 USD
CY2020Q1 lh Unbilled Services Credit Loss Expense Reversal
UnbilledServicesCreditLossExpenseReversal
0 USD
CY2020Q1 lh Note Receivable Credit Loss Expense Reversal
NoteReceivableCreditLossExpenseReversal
5000000.0 USD
CY2020Q1 lh Credit Loss Expense Reversal
CreditLossExpenseReversal
13500000 USD
CY2020Q1 lh Allowancefor Credit Loss Write Off
AllowanceforCreditLossWriteOff
500000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
28900000 USD
CY2020Q1 lh Unbilled Services Allowancefor Credit Loss
UnbilledServicesAllowanceforCreditLoss
2400000 USD
CY2020Q1 lh Note Receivable Allowancefor Credit Loss
NoteReceivableAllowanceforCreditLoss
10000000.0 USD
CY2020Q1 lh Allowancefor Credit Loss
AllowanceforCreditLoss
41300000 USD
CY2020Q1 lh Increase Decreasein Operating Income Loss
IncreaseDecreaseinOperatingIncomeLoss
-17000000.0 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4494900000 USD
CY2020Q1 lh Percentofremainingperformanceobligationsrecognizedasrevenueinnextyear
Percentofremainingperformanceobligationsrecognizedasrevenueinnextyear
0.35
CY2020Q1 lh Long Term Contracts Duration Minimum
LongTermContractsDurationMinimum
P1Y
CY2020Q1 lh Long Term Contracts Duration Maximum
LongTermContractsDurationMaximum
P8Y
CY2020Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
9700000 USD
CY2019Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
39700000 USD
CY2019Q3 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
110000000.0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12200000 USD
CY2019Q3 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
110000000.0 USD
CY2019Q2 lh Totalacquisitionconsiderationcashstocknotesetc.
Totalacquisitionconsiderationcashstocknotesetc.
711000000.0 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
0 USD
CY2019Q2 lh Totalacquisitionconsiderationcashstocknotesetc.
Totalacquisitionconsiderationcashstocknotesetc.
711000000.0 USD
CY2020Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2832600000 USD
CY2020Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
188000000.0 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-317200000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97200000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.27
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
185600000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98600000 shares
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.88
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-317200000 USD
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97200000 shares
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.27
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
185600000 USD
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99500000 shares
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.86
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1300000 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2020Q1 lh Net Restructuring Charges
NetRestructuringCharges
25400000 USD
CY2020Q1 us-gaap Severance Costs1
SeveranceCosts1
5100000 USD
CY2020Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
4700000 USD
CY2020Q1 us-gaap Business Exit Costs1
BusinessExitCosts1
15800000 USD
CY2020Q1 lh Unusedfacilityrestructuringreserves
Unusedfacilityrestructuringreserves
200000 USD
CY2019Q1 lh Net Restructuring Charges
NetRestructuringCharges
20600000 USD
CY2019Q1 us-gaap Severance Costs1
SeveranceCosts1
16800000 USD
CY2019Q1 us-gaap Business Exit Costs1
BusinessExitCosts1
3300000 USD
CY2019Q1 lh Employee Severance Benefits Related Restructuring Reserve Accrual Adjustment
EmployeeSeveranceBenefitsRelatedRestructuringReserveAccrualAdjustment
500000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
13400000 USD
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
8800000 USD
CY2020Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-300000 USD
CY2020Q1 lh Restructuring Impairment
RestructuringImpairment
4700000 USD
CY2020Q1 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
11600000 USD
CY2020Q1 lh Restructuring Reserve Settled With Cash And Other Adjustment
RestructuringReserveSettledWithCashAndOtherAdjustment
25600000 USD
CY2020Q1 us-gaap Restructuring Reserve
RestructuringReserve
13200000 USD
CY2020Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
7800000 USD
CY2020Q1 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
5400000 USD
CY2020Q1 us-gaap Restructuring Reserve
RestructuringReserve
13200000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
7865000000.0 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
422400000 USD
CY2020Q1 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-54100000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
7388500000 USD
CY2020Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5811700000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1906600000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3905100000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5885600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1851100000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4034500000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
62300000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
57100000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
176600000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
231800000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
225900000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
222800000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
218200000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2299900000 USD
CY2020Q1 lh A4.625 Seniornotesdue2020
A4.625Seniornotesdue2020
415500000 USD
CY2019Q4 lh A4.625 Seniornotesdue2020
A4.625Seniornotesdue2020
413700000 USD
CY2020Q1 lh Shorttermdebtissuancecosts
Shorttermdebtissuancecosts
300000 USD
CY2019Q4 lh Shorttermdebtissuancecosts
Shorttermdebtissuancecosts
700000 USD
CY2020Q1 us-gaap Notes Payable Current
NotesPayableCurrent
2200000 USD
CY2019Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2200000 USD
CY2020Q1 us-gaap Debt Current
DebtCurrent
417400000 USD
CY2019Q4 us-gaap Debt Current
DebtCurrent
415200000 USD
CY2020Q1 lh A2.30seniornotesdue2024
A2.30seniornotesdue2024
400000000.0 USD
CY2019Q4 lh A2.30seniornotesdue2024
A2.30seniornotesdue2024
400000000.0 USD
CY2020Q1 lh A2.95seniornotesdue2029
A2.95seniornotesdue2029
650000000.0 USD
CY2019Q4 lh A2.95seniornotesdue2029
A2.95seniornotesdue2029
650000000.0 USD
CY2019Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
375000000.0 USD
CY2020Q1 lh Longtermdebtissuancecosts
Longtermdebtissuancecosts
41300000 USD
CY2019Q4 lh Longtermdebtissuancecosts
Longtermdebtissuancecosts
42200000 USD
CY2020Q1 us-gaap Notes Payable
NotesPayable
6500000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
7000000.0 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5790200000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5789800000 USD
CY2019Q2 lh A2019 Term Loan
A2019TermLoan
850000000.0 USD
CY2019Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
375000000.0 USD
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000.0 USD
CY2014Q4 lh Credit Facility Optionto Increase
CreditFacilityOptiontoIncrease
350000000.0 USD
CY2014Q4 lh Credit Facility Maximum Swing Line Borrowings
CreditFacilityMaximumSwingLineBorrowings
100000000.0 USD
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
923700000 USD
CY2019Q4 lh Senior Notes Became Due During Quarter
SeniorNotesBecameDueDuringQuarter
412200000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
323600000 USD
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
923700000 USD
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
265000000.0 shares
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000.0 shares
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.10
CY2020Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q1 lh Common Stock Repurchase Authorization Outstanding
CommonStockRepurchaseAuthorizationOutstanding
900000000.0 USD
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
600000 shares
CY2020Q1 lh Commonstockrepurchaseaveragepurchasepricepershare
Commonstockrepurchaseaveragepurchasepricepershare
178.85
CY2020Q1 us-gaap Treasury Stock Carrying Basis
TreasuryStockCarryingBasis
100000000.0 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
800000000.0 shares
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-285400000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-87000000.0 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-372400000 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-147500000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
2700000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-144800000 USD
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
700000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
700000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-432900000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-85000000.0 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-517900000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.50
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
31700000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
31700000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6000000.0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5500000 USD
CY2020Q1 lh Numberof Additional Parties Not Providing Consent
NumberofAdditionalPartiesNotProvidingConsent
40
CY2020Q1 lh Damages Per Violation
DamagesPerViolation
500.0000 USD
CY2020Q1 lh Non Elective Contribution
NonElectiveContribution
0.03
CY2020Q1 lh Discretionary Contribution Percentage Minimum
DiscretionaryContributionPercentageMinimum
0.01
CY2020Q1 lh Discretionary Contribution Percentage Maximum
DiscretionaryContributionPercentageMaximum
0.03
CY2020Q1 lh Defined Contribution Plan Total Expense
DefinedContributionPlanTotalExpense
13500000 USD
CY2019Q1 lh Defined Contribution Plan Total Expense
DefinedContributionPlanTotalExpense
16000000.0 USD
CY2020Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.045
CY2020Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-93100000 USD
CY2019Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-93400000 USD
CY2020Q1 lh Fair Value Liabilities Measured On Recurring Basis Noncontrolling Interest Puts
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300000 USD
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CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
185600000 USD

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