LH FY 2007 Earnings Report — Labcorp Holdings Inc. Revenue & Financial Results | Market Cap Arena

Labcorp Holdings Inc.LH

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$4.1B	—	$3.6B	—	13.3%
Op. Income	$777M	—	$697M	—	11.5%
Gross Margin	41.6%	—	42.6%	—	-1.0pp
Net Margin	11.7%	—	12.0%	—	-0.3pp
EPS (Diluted)	$3.93	—	$3.24	—	21.3%
Free Cash Flow	$566M	—	$516M	—	9.8%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$809M
Other Expenses	$55M
Operating Expenses	$864M
Cost & Expenses	$3.2B
OPERATING INCOME	$777M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$25M
INCOME BEFORE TAX	$802M
Income Tax Expense	$326M
Net Income from Continuing Ops	$477M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$477M
D&A	$163M
EBIT	$828M
EBITDA	$990M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$809M
Other Expenses	$55M
Operating Expenses	$864M
Cost & Expenses	$3.2B
OPERATING INCOME	$777M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$25M
INCOME BEFORE TAX	$802M
Income Tax Expense	$326M
Net Income from Continuing Ops	$477M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$477M
D&A	$163M
EBIT	$828M
EBITDA	$990M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$477M
Depreciation & Amortization	$163M
Stock-Based Compensation	$0
Deferred Income Tax	$27M
Other Non-Cash Items	$47M
Change in Working Capital	$6M
OPERATING CASH FLOW	$710M
Capital Expenditure	-$143M
Acquisitions (Net)	-$225M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.8B
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$342M
Net Debt Issuance	$465M
Common Stock Repurchased	-$921M
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$364M
FREE CASH FLOW	$566M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$110M
Net Receivables	$623M
Inventory	$80M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$938M
PP&E (Net)	$439M
Goodwill	$1.6B
Intangible Assets	$613M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$739M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.4B
Account Payables	$134M
Short-Term Debt	$590M
Deferred Revenue	$0
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$968M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$507M
Other Non-Current Liabilities	$91M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.6B
Common Stock	$13M
Additional Paid-In Capital	$246M
Retained Earnings	$2.2B
Treasury Stock	-$897M
Accum. Other Comp. Income	$120M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$4.4B
Total Debt	$1.7B
Net Debt	$1.6B