LH FY 2016 Earnings Report — Labcorp Holdings Inc. Revenue & Financial Results | Market Cap Arena

Labcorp Holdings Inc.LH

FY 2016 Earnings

Reported February 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$9.6B	—	$8.7B	—	11.1%
Op. Income	$1.3B	—	$1.0B	—	30.9%
Gross Margin	33.0%	—	33.4%	—	-0.5pp
Net Margin	7.6%	—	5.0%	—	2.6pp
EPS (Diluted)	$7.02	—	$4.34	—	61.8%
Free Cash Flow	$897M	—	$727M	—	23.5%

Revenue Flow

Item	Amount
REVENUE	$9.6B
Cost of Revenue	$6.5B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$3M
Operating Expenses	$1.8B
Cost & Expenses	$8.3B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$219M
Other Income/Expenses	-$207M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$372M
Net Income from Continuing Ops	$733M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$732M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$732M
D&A	$491M
EBIT	$1.3B
EBITDA	$1.8B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$9.6B
Cost of Revenue	$6.5B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$3M
Operating Expenses	$1.8B
Cost & Expenses	$8.3B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$219M
Other Income/Expenses	-$207M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$372M
Net Income from Continuing Ops	$733M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$732M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$732M
D&A	$491M
EBIT	$1.3B
EBITDA	$1.8B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$733M
Depreciation & Amortization	$499M
Stock-Based Compensation	$110M
Deferred Income Tax	$55M
Other Non-Cash Items	-$6M
Change in Working Capital	-$214M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$279M
Acquisitions (Net)	-$561M
Purchases of Investments	-$13M
Sales/Maturities of Investments	$14M
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$796M
Net Debt Issuance	-$667M
Common Stock Repurchased	-$44M
Common Dividends Paid	$0
Other Financing Activities	$96M
NET CASH FROM FINANCING	-$650M
FREE CASH FLOW	$897M
Net Change in Cash	-$283M

Balance Sheet

Item	Amount
Cash & Equivalents	$434M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$205M
Other Current Assets	$148M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$1.7B
Goodwill	$6.4B
Intangible Assets	$3.4B
Long-Term Investments	$58M
Tax Assets	$2M
Other Non-Current Assets	$165M
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$14.2B
Account Payables	$508M
Short-Term Debt	$541M
Deferred Revenue	$176M
Other Current Liabilities	$346M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$5.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$392M
TOTAL NON-CURRENT LIABILITIES	$6.9B
TOTAL LIABILITIES	$8.7B
Common Stock	$12M
Additional Paid-In Capital	$2.1B
Retained Earnings	$5.0B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$581M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.5B
Minority Interest	$15M
TOTAL EQUITY	$5.5B
TOTAL LIABILITIES & EQUITY	$14.2B
Total Debt	$5.8B
Net Debt	$5.4B