LH · 10-Q · 2026Q2 · Full report
Liquidity and Debt Position
LABCORP HOLDINGS INC. · 2026-08-05 · Importance 65 · Surprise 82 · From source text
Cash and cash equivalents declined to $141.8 million at June 30, 2026, from $647.3 million at June 30, 2025, after a six-month cash decrease of $390.5 million. Operating cash flow was $637.0 million, while investing and financing activities used $688.3 million and $339.4 million, respectively. Labcorp had $1,000.0 million of available revolving-credit borrowings under the facility expiring in 2030. The company entered into a $750.0 million term loan maturing March 20, 2028, used primarily to redeem $750.0 million of 1.55% senior notes due 2026, and reported compliance with all debt covenants.
Key facts
- Net cash used for investing activities for the six months ended June 30, 2026, was $(688.3) compared to $(430.1) for the six months ended June 30, 2025. source
- Net decrease in Cash and cash equivalents for the six months ended June 30, 2026, was $(390.5) compared to $(871.4) for the six months ended June 30, 2025. source
- On March 20, 2026, the Company entered into the $750.0 2026 Term Loan that will mature on March 20, 2028. source
- At June 30, 2026, the Company had total future payments of $5,894.0 for debt instruments outstanding, with $0.9 payable within 12 months. source
- Net cash used for financing activities for the six months ended June 30, 2026, was $(339.4) compared to $(1,107.1) for the six months ended June 30, 2025. source
- At June 30, 2026, the Company had $1,000.0 of available borrowings under its revolving credit facility, which, as amended on June 27, 2025, expires in 2030. source
- The Company had total future lease payments for short-term and long-term leases of $1,098.9 at June 30, 2026, with payments of $226.5 due within 12 months. source
- Cash and cash equivalents at June 30, 2026, totaled $141.8 compared to $647.3 at June 30, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | -5.0% | The Company had total future lease payments for short-term and long-term leases of $1,098.9 at June 30, 2026, with payments of $226.5 due… |
| cash | positive | realized | +4.1% | Net cash used for financing activities for the six months ended June 30, 2026, was $(339.4) compared to $(1,107.1) for the six months… |
| cash | positive | realized | +4.0% | Net cash used for financing activities decreased in part due to increased proceeds from the 2026 Term Loan of $750.0. |
| liability | negative | realized | -4.0% | Net cash used for financing activities decreased in part due to increased proceeds from the 2026 Term Loan of $750.0. |
| cash | negative | realized | -2.7% | Cash and cash equivalents at June 30, 2026, totaled $141.8 compared to $647.3 at June 30, 2025. |
| cash | positive | realized | +2.6% | Net decrease in Cash and cash equivalents for the six months ended June 30, 2026, was $(390.5) compared to $(871.4) for the six months… |
| cash | negative | realized | -1.4% | Net cash used for investing activities for the six months ended June 30, 2026, was $(688.3) compared to $(430.1) for the six months ended… |
| cash | negative | realized | -0.0% | During the six months ended June 30, 2026, the Company’s operations provided $637.0 of cash as compared to $639.1 during the same period… |
| liability | negative | realized | — | At June 30, 2026, the Company had total future payments of $5,894.0 for debt instruments outstanding, with $0.9 payable within 12 months. |
| liability | negative | realized | — | At June 30, 2026, there was $2,593.1 aggregate principal amount of senior notes of LCAH issued under the 2010 Indenture fully and… |
| liability | negative | realized | — | At June 30, 2026, there was $2,000.0 aggregate principal amount of senior notes of LCAH issued under the 2024 Indenture fully and… |