Quest Diagnostics Reports Strong Performance in Third Qu...(recorded a charge of $73 million in disc...)

Date:11/4/2009

recorded a charge of $73 million in discontinued operations to increase its reserves for the settlement and related matters. In the second quarter of 2009, the Company entered into a final settlement agreement with the federal government and paid $308 million, which had been previously reserved, in connection with the final settlement. 9) Estimated cash from operations before the payment for the previously disclosed NID settlement is presented because management believes it is a useful adjunct to estimated cash from operations under accounting principles generally accepted in the United States since it is a meaningful measure of the Company's ongoing operating performance. Estimated cash from operations before the payment for the NID settlement is not a measure of financial performance under accounting principles generally accepted in the United States and should not be considered as an alternative to estimated cash from operations. The following table reconciles estimated cash from operations to estimated cash from operations before the payment for the NID settlement: Twelve Months Ended December 31, 2009 ------------ (in millions) Estimated cash from operations ~ $900 Add: NID settlement payments 308 --- Estimated cash from operations before the payment for the NID settlement ~ $1,200 ========

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