Labcorp Holdings Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $876.5M | $746.0M | $418.0M | $1.28B | $2.38B | $1.56B | $823.8M | $883.7M |
| Depreciation & Amortization | $681.1M | $643.5M | $577.3M | $537.2M | $577.0M | $624.7M | $577.2M | $552.1M |
| Depreciation | — | $387.1M | $357.5M | $343.6M | $347.5M | $349.3M | — | — |
| Amortization | $280.0M | $256.4M | $219.8M | $193.6M | $229.5M | $275.4M | $243.2M | $231.7M |
| Stock-Based Compensation | $125.8M | $116.7M | $128.7M | $116.8M | $132.9M | $111.7M | $107.0M | $91.6M |
| Net Cash from Operating Activities | $1.64B | $1.59B | $1.33B | $1.96B | $3.11B | $2.14B | $1.44B | $1.31B |
| Investing Activities | ||||||||
| Capital Expenditures | $434.5M | $489.9M | $453.6M | $429.3M | $421.5M | $381.7M | $400.2M | $379.8M |
| Business Acquisitions | $582.0M | $839.0M | $671.5M | $1.16B | $496.9M | $267.6M | $876.0M | $117.8M |
| Net Cash from Investing Activities | $-1.19B | $-1.37B | $-1.17B | $-1.65B | $-884.6M | $-643.2M | $-1.28B | $206.7M |
| Financing Activities | ||||||||
| Dividends Paid | $240.7M | $243.1M | $254.0M | $195.2M | — | — | — | — |
| Stock Repurchases | $450.0M | $250.1M | $1.00B | $1.10B | $1.67B | $100.0M | $450.0M | $700.0M |
| Net Cash from Financing Activities | $-1.46B | $779.9M | $-59.3M | $-1.32B | $-2.07B | $-517.4M | $-252.7M | $-1.39B |
| Net Change in Cash | $-986.4M | $981.9M | $106.8M | $-1.04B | $151.9M | $983.3M | $-89.3M | $110.2M |
| Free Cash Flow | $1.21B | $1.10B | $874.1M | $1.53B | $2.69B | $1.75B | $1.04B | $925.6M |