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Quest Diagnostics Reports Second Quarter 2013 Financial Results

ncial Condition and Results of Operations," "Quantitative and Qualitative Disclosures About Market Risk," and "Risk Factors" in the company's Quarterly Reports on Form 10-Q and other items throughout the Form 10-K and the company's 2013 Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

This earnings release, including the attached financial tables, is available online in the Newsroom section at


 Quest Diagnostics Incorporated and SubsidiariesConsolidated Statements of OperationsFor the Three and Six Months Ended June 30, 2013 and 2012 (in millions, except per share and percentage data)

(unaudited)Three Months EndedJune 30,Six Months EndedJune 30,2013201220132012Net revenues$




3,787.0Operating costs and expenses:Cost of services

1,093.71,101.92,185.52,211.1Selling, general and administrative

418.5424.1866.4907.3Amortization of intangible assets

19.818.839.037.6Other operating (income) expense, net

(5.0)0.2(4.2)(0.2)Total operating costs and expenses

1,527.01,545.03,086.73,155.8Operating income288.7333.4515.7631.2Other income (expense):Interest expense, net

(39.9)(41.8)(79.8)(83.9)Equity earnings in unconsolidated joint ventures

7.37.413.415.0Other income (expense), net

0.3(1.3)3.63.4Total non-operating expenses, net

(32.3)(35.7)(62.8)(65.5)Income from continuing operations before taxes256.4297.7452.9565.7Income tax expense94.5113.7167.8216.3Income from continuing operations161.9184.0285.1349.4Income from discontinued operations, net of taxes12.82.533.15.5Net income174.7186.5318.2354.9Less: Net income attributable to noncontrolling interests9.28.816.918.1Net income attributable to Quest Diagnostics$




336.8Amounts attributable to Quest Diagno

SOURCE Quest Diagnostics Incorporated
Copyright©2012 PR Newswire.
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