LH FY 2017 Earnings Report — Labcorp Holdings Inc. Revenue & Financial Results | Market Cap Arena

Labcorp Holdings Inc.LH

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$10.4B	—	$9.6B	—	8.3%
Op. Income	$1.4B	—	$1.3B	—	3.9%
Gross Margin	33.2%	—	33.0%	—	0.2pp
Net Margin	12.1%	—	7.6%	—	4.6pp
EPS (Diluted)	$12.21	—	$7.02	—	73.9%
Free Cash Flow	$1.1B	—	$897M	—	27.5%

Revenue Flow

Item	Amount
REVENUE	$10.4B
Cost of Revenue	$7.0B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	-$8M
Operating Expenses	$2.0B
Cost & Expenses	$9.0B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$235M
Other Income/Expenses	-$228M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	-$139M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$533M
EBIT	$1.3B
EBITDA	$1.8B
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$10.4B
Cost of Revenue	$7.0B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	-$8M
Operating Expenses	$2.0B
Cost & Expenses	$9.0B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$235M
Other Income/Expenses	-$228M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	-$139M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$533M
EBIT	$1.3B
EBITDA	$1.8B
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$533M
Stock-Based Compensation	$110M
Deferred Income Tax	-$542M
Other Non-Cash Items	$26M
Change in Working Capital	$59M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$315M
Acquisitions (Net)	-$1.9B
Purchases of Investments	-$36M
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$2.2B
Net Debt Issuance	$957M
Common Stock Repurchased	-$338M
Common Dividends Paid	$0
Other Financing Activities	$22M
NET CASH FROM FINANCING	$632M
FREE CASH FLOW	$1.1B
Net Change in Cash	-$117M

Balance Sheet

Item	Amount
Cash & Equivalents	$317M
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$228M
Other Current Assets	$89M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$1.7B
Goodwill	$7.5B
Intangible Assets	$4.3B
Long-Term Investments	$58M
Tax Assets	$2M
Other Non-Current Assets	$605M
TOTAL NON-CURRENT ASSETS	$13.9B
TOTAL ASSETS	$16.6B
Account Payables	$574M
Short-Term Debt	$409M
Deferred Revenue	$381M
Other Current Liabilities	$433M
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$6.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$876M
Other Non-Current Liabilities	$442M
TOTAL NON-CURRENT LIABILITIES	$7.7B
TOTAL LIABILITIES	$9.8B
Common Stock	$12M
Additional Paid-In Capital	$2.0B
Retained Earnings	$6.2B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$336M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.8B
Minority Interest	$21M
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$16.6B
Total Debt	$6.8B
Net Debt	$6.4B