Labcorp Holdings Inc. (LH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 191.5M | 614.2M | 387.2M | 620.6M | 18.5M | 777.2M | 277.3M | 561.1M | -29.8M | 579.6M | 275.5M | 341.1M | 121.2M | 653.6M | 373.8M | 572.5M | 356M | 697.5M | 767.3M | 487.2M |
| Operating CF Margin % | 5.41% | 17.47% | 10.87% | 17.59% | 0.55% | 23.34% | 8.45% | 17.42% | -0.94% | 19.11% | 9.01% | 11.24% | 3.99% | 17.79% | 13.04% | 19.59% | 9.13% | 17.2% | 18.89% | 12.69% |
| Operating CF Growth % | 935.14% | -20.97% | 39.63% | 10.6% | 162.08% | 34.09% | 0.65% | 64.5% | -124.59% | -11.32% | -26.3% | -40.42% | -65.96% | -6.29% | -51.28% | 17.51% | -69.25% | -9.95% | -2.4% | 31.43% |
| Net Income | 278M | 164.9M | 0 | 238.3M | 213M | 143.6M | 169.6M | 205.3M | 228M | -167.1M | 183.6M | 188.9M | 208.4M | 76.4M | 353.2M | 358.9M | 492.1M | 553.6M | 587.8M | 468M |
| Depreciation & Amortization | 173.3M | 173M | 171M | 170.3M | 166.8M | 170.6M | 161.5M | 156.9M | 154.5M | 150M | 145.9M | 142.9M | 142.1M | 156.2M | 157.1M | 159.1M | 161.5M | 188M | 186.1M | 187.1M |
| Stock-Based Compensation | 31.7M | 29.7M | 29.2M | 34.1M | 32.8M | 27.3M | 27M | 30.8M | 31.6M | 27M | 34.4M | 34.4M | 32.9M | 30.2M | 36.3M | 39.4M | 38.2M | 42.1M | 59M | 23.9M |
| Deferred Taxes | 2M | 21.2M | 88.6M | -6.1M | -6.1M | 38.5M | -19.5M | -19.6M | -19.5M | -59.9M | -34.4M | 0 | 27.2M | 69.9M | -16.1M | -16.5M | -19M | 26.1M | -16.5M | -57.7M |
| Other Non-Cash Items | 59.4M | 182.9M | 317.5M | 88.8M | 56.7M | 67.5M | 57.5M | 84.4M | 43.9M | 405M | 54.4M | 111.7M | 66.8M | 340.4M | 39.4M | 56.1M | 46.5M | 66.6M | 5.7M | 53.5M |
| Working Capital Changes | -352.9M | 42.5M | -219.1M | 95.2M | -444.7M | 329.7M | -118.8M | 103.3M | -468.3M | 224.6M | -108.4M | -136.8M | -356.2M | -19.5M | -196.1M | -24.5M | -363.3M | -178.9M | -54.8M | -187.6M |
| Change in Receivables | -194.1M | 4.3M | 8.6M | 31.8M | -166.9M | 98.5M | 45M | -42.2M | -123.2M | -5.1M | -66M | 18M | -117.5M | -35.9M | 30.4M | 1M | 20.4M | 86.4M | -129.4M | 118.3M |
| Change in Inventory | 35.4M | -12.3M | -14.4M | -11.9M | 8.4M | -14.6M | -25.7M | 28.3M | -600K | -10.4M | 25.8M | -6.1M | -10M | 2M | -11.8M | 1.7M | -37.4M | 9.3M | 11M | -12.8M |
| Change in Payables | -138.7M | 151.6M | -123.8M | 67M | -147.6M | 210.3M | -86.5M | 69.4M | -121.1M | 146.2M | -28.3M | 0 | -56.4M | 172M | 3.2M | 137.4M | -5.5M | -44.8M | 78.9M | -27.4M |
| Cash from Investing | -322.1M | -389.9M | -374M | -94.1M | -336M | -209.6M | -579.1M | -185M | -393.1M | -330.6M | -487.6M | -253.6M | -99.7M | -273.3M | -563.3M | -242.5M | -573.1M | -254.5M | -407.3M | -90.4M |
| Capital Expenditures | -121M | -123.9M | -106.7M | -77.9M | -126M | -112.1M | -115.8M | -128.2M | -133.8M | -167.2M | -104.9M | -102.6M | -93.9M | -117.9M | -103.5M | -143.3M | -117.2M | -150M | -117.8M | -97.2M |
| CapEx % of Revenue | 3.42% | 3.52% | 2.99% | 2.21% | 3.77% | 3.37% | 3.53% | 3.98% | 4.21% | 5.51% | 3.43% | 3.38% | 3.09% | 3.21% | 3.61% | 4.9% | 3.01% | 3.7% | 2.9% | 2.53% |
| Acquisitions | -202.2M | -258M | -260.5M | -10M | -53.5M | -43.9M | -463.7M | -33.8M | -245.6M | -154.5M | -389.5M | -141.4M | -5.9M | -148.8M | -460.1M | -102.3M | -457.3M | -170.9M | -291.8M | 13.2M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 7.8M | 4.5M | 1.1M | 1.9M | 500K | -40.9M | 6M | 0 | 0 | -165.2M | 9.8M | -9.6M | 100K | 200K | 100K | 2.6M | 1M | 83.8M | 800K | 100K |
| Cash from Financing | 580.5M | -290.4M | -59.5M | -267.4M | -839.7M | -546.7M | 1.55B | -210M | -11.7M | -446.5M | -987.8M | 1.54B | -60.6M | -372.6M | -452.2M | -479.7M | -17.7M | -1.01B | -281.7M | -325.4M |
| Debt Issued (Net) | 750M | 225M | 0 | -64.8M | -1B | -400M | 1.38B | -22.6M | 42.4M | -389.6M | 89.6M | 0 | 0 | 0 | 0 | 0 | 0 | -1B | 0 | 0 |
| Equity Issued (Net) | -65.1M | -225M | 3.6M | -200M | 25.7M | -75.1M | -75M | -100M | 26.7M | 9M | -1.01B | 26.8M | 27.6M | -306M | -407.2M | -399.1M | 18.2M | -1B | -300M | -314.9M |
| Dividends Paid | -61.2M | -59.3M | -59.9M | -59.9M | -61.6M | -60.1M | -60.5M | -60.4M | -62.1M | -61.1M | -63.9M | -64.6M | -64.4M | -63.6M | -64.9M | -66.7M | 0 | 0 | 0 | 0 |
| Share Repurchases | -98M | -225M | -25M | -200M | 0 | -75.1M | -75M | -100M | 0 | 9M | -1.01B | 0 | 0 | -300M | -407.2M | -400M | 0 | -1B | -300M | -314.9M |
| Other Financing | -43.2M | -231.1M | -3.2M | 57.3M | 196.2M | -11.5M | 303.6M | -27M | -18.7M | -4.8M | -3.6M | 1.58B | -23.8M | -3M | 19.9M | -13.9M | -35.9M | 991.4M | 18.3M | -10.5M |
| Net Change in Cash | 448.8M | -65.8M | -49.2M | 277.9M | -1.15B | 1.4M | 1.25B | 165.8M | -437.5M | -191.1M | -1.2B | 1.64B | -36.1M | 20.1M | -658.9M | -164.7M | -239.2M | -563.8M | 73.3M | 72.4M |
| Free Cash Flow | 70.5M | 490.3M | 280.5M | 542.7M | -107.5M | 665.1M | 161.5M | 432.9M | -163.6M | 412.4M | 170.6M | 237.8M | 27.3M | 535.7M | 270.3M | 429.2M | 238.8M | 547.5M | 649.5M | 390M |
| FCF Margin % | 1.99% | 13.95% | 7.87% | 15.39% | -3.21% | 19.98% | 4.92% | 13.44% | -5.15% | 13.6% | 5.58% | 7.84% | 0.9% | 14.58% | 9.43% | 14.68% | 6.12% | 13.5% | 15.99% | 10.15% |
| FCF Growth % | 165.58% | -26.28% | 73.68% | 25.36% | 34.29% | 61.28% | -5.33% | 82.04% | -699.27% | -23.02% | -36.88% | -44.59% | -88.57% | -2.16% | -58.38% | 10.05% | -77.52% | -18.91% | -8.39% | 43.28% |
| FCF per Share | 0.85 | 5.89 | 3.35 | 6.45 | -1.28 | 7.90 | 1.91 | 5.14 | -1.93 | 4.86 | 1.96 | 2.67 | 0.31 | 6.02 | 2.98 | 4.63 | 2.54 | 5.69 | 6.69 | 3.97 |
| FCF Conversion (FCF/Net Income) | 0.69x | 3.73x | 1.48x | 2.61x | 0.09x | 5.42x | 1.64x | 2.73x | -0.13x | -3.47x | 1.50x | 1.81x | 0.57x | 8.59x | 1.06x | 1.60x | 0.72x | 1.26x | 1.31x | 1.04x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |