Below are the financial statements of Labcorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | 13,008.9a | 12,161.6a | 11,863.9a |
| Cost of revenues | -9,384.5a | -8,796.7a | -8,155a |
| Gross profit | 3,624.4a | 3,364.9a | 3,708.9a |
| Selling, general and administrative expenses | -2,230a | -2,021.4a | -1,763.1a |
| Amortization of intangibles and other assets | -256.4a | -219.8a | -193.6a |
| Goodwill and other asset impairments | -5.3a | -349a | -261.7a |
| Restructuring and other charges | -46a | -49.1a | -54a |
| Operating income | 1,086.7a | 725.6a | 1,436.5a |
| Other (expense) income | — | — | — |
| Interest expense | -208.3a | -199.6a | -179.8a |
| Investment income | 22.3a | 28.8a | 7.5a |
| Equity method (loss) income, net | -1.4a | -1.4a | 5.4a |
| Other, net | 60.2a | 15.5a | -32.2a |
| Earnings from continuing operations before income taxes | 959.5a | 568.9a | 1,237.4a |
| Provision for income taxes | -212.4a | -188.5a | -233.9a |
| Earnings from continuing operations | 747.1a | 380.4a | 1,003.5a |
| Earnings from discontinued operations, net of tax | 0a | 38.8a | 277.1a |
| Net earnings | 747.1a | 419.2a | 1,280.6a |
| Less: Net earnings attributable to the noncontrolling interest | -1.1a | -1.2a | -1.5a |
| Net earnings attributable to Labcorp Holdings Inc. | 746a | 418a | 1,279.1a |
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