Overview
Laboratory Corporation of America (LabCorp) is one of the global leader of innovative and comprehensive laboratory services that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. The company serves a broad range of customers, including MCOs, pharmaceutical, biotechnology, medical device and diagnostics companies, governmental agencies, physicians and other
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Read More healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations (CROs), and independent clinical laboratories. Services range from routine urinalysis, HIV tests, and Pap test to specialty testing for diagnostic genetics, disease monitoring, forensics, identity, clinical drug trials, and allergies.
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Read More healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations (CROs), and independent clinical laboratories. Services range from routine urinalysis, HIV tests, and Pap test to specialty testing for diagnostic genetics, disease monitoring, forensics, identity, clinical drug trials, and allergies.
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Adam H Schechter
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View more , Offices of Other Health Practitioners , Offices of Physicians , Other Ambulatory Health Care Services , Other Residential Care Facilities , Outpatient Care Centers , Psychiatric and Substance Abuse Hospitals , Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities , Specialty (except Psychiatric and Substance Abuse) Hospitals Vocational Rehabilitation Services
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Actual
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Actual
$12.16 billion
Actual
6.97%
78.47%
$18,379
DEC
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Contacts
Get in Touch with 5 Principals* and 1,667 Contacts
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Adam H SchechterChairman of the Board and President and Chief Executive Officer
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$12.16 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,586 | $1,328 | $1,956 |
| Net Investing Cash | -$1,367 | -$1,172 | -$1,652 |
| Net Financing Cash | $780 | -$59 | -$1,322 |
| Net Change in Cash | $999 | $97 | -$1,128 |
| Cash at Beginning of Period | $537 | $430 | $1,473 |
| Cash at End of Period | $1,519 | $537 | $321 |
| Capital Expenditure | -$490 | -$454 | -$429 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $1,519 | $537 | $321 |
| Accounts Receivable | $1,944 | $1,913 | $1,786 |
| Inventories | $493 | $475 | $471 |
| Other Current Assets | $851 | $841 | $2,048 |
| Asset Summary | |||
| Total Current Assets | $4,806 | $3,765 | $4,625 |
| Tangible Fixed Assets | $3,045 | $2,912 | $2,794 |
| Intangible Assets | $3,489 | $3,342 | $3,123 |
| Total Assets | $18,379 | $16,725 | $20,155 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $876 | $828 | $852 |
| Short-Term Debt | $1,000 | $1,000 | $301 |
| Other Current Liabilities | $1,454 | $1,398 | $1,925 |
| Liability Summary | |||
| Total Current Liabilities | $3,330 | $3,225 | $3,078 |
| Long-Term Debt | $5,331 | $4,055 | $5,039 |
| Other Long-Term Liabilities | $136 | $142 | $161 |
| Total Liabilities | $10,312 | $8,835 | $10,040 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $8 | $8 | $8 |
| Retained Earnings | $8,303 | $7,888 | $10,582 |
| Equity Summary | |||
| Total Equity | $8,052 | $7,875 | $10,097 |
| Shares Outstanding | 83,400,000 | 83,900,000 | 88,200,000 |