LH Q2 2016 Earnings Report — Labcorp Holdings Inc. Revenue & Financial Results | Market Cap Arena

Labcorp Holdings Inc.LH

Q2 2016 Earnings

Reported July 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$2.4B	$2.4B	—	2.6%	—
Op. Income	$367M	$302M	—	21.5%	—
Gross Margin	34.0%	32.8%	—	1.2pp	—
Net Margin	8.2%	6.8%	—	1.4pp	—
EPS (Diluted)	$1.91	$1.55	—	23.2%	—
Free Cash Flow	$277M	$52M	—	436.0%	—

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$827M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$408M
Other Expenses	-$2M
Operating Expenses	$453M
Cost & Expenses	$2.1B
OPERATING INCOME	$367M
Interest Income	$0
Interest Expense	$54M
Other Income/Expenses	-$54M
INCOME BEFORE TAX	$313M
Income Tax Expense	$115M
Net Income from Continuing Ops	$204M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$204M
D&A	$125M
EBIT	$365M
EBITDA	$505M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$827M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$408M
Other Expenses	-$2M
Operating Expenses	$453M
Cost & Expenses	$2.1B
OPERATING INCOME	$367M
Interest Income	$0
Interest Expense	$54M
Other Income/Expenses	-$54M
INCOME BEFORE TAX	$313M
Income Tax Expense	$115M
Net Income from Continuing Ops	$204M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$204M
D&A	$125M
EBIT	$365M
EBITDA	$505M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$199M
Depreciation & Amortization	$125M
Stock-Based Compensation	$26M
Deferred Income Tax	$25M
Other Non-Cash Items	$800.0K
Change in Working Capital	-$32M
OPERATING CASH FLOW	$344M
Capital Expenditure	-$67M
Acquisitions (Net)	-$59M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$107M
Net Debt Issuance	-$340M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$33M
NET CASH FROM FINANCING	-$302M
FREE CASH FLOW	$277M
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$640M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$190M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$1.7B
Goodwill	$6.2B
Intangible Assets	$3.4B
Long-Term Investments	$62M
Tax Assets	$2M
Other Non-Current Assets	$173M
TOTAL NON-CURRENT ASSETS	$11.6B
TOTAL ASSETS	$14.2B
Account Payables	$444M
Short-Term Debt	$81M
Deferred Revenue	$175M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$5.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$320M
TOTAL NON-CURRENT LIABILITIES	$7.6B
TOTAL LIABILITIES	$8.9B
Common Stock	$12M
Additional Paid-In Capital	$2.1B
Retained Earnings	$4.6B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$357M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.3B
Minority Interest	$16M
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$14.2B
Total Debt	$6.1B
Net Debt	$5.4B