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Quest Diagnostics Reports Growth in Revenue and Earnings for Third Quarter 2008
Date:10/21/2008

ptember 30, 2008 and December 31, 2007

(in millions, except per share data)

September 30, December 31,

2008 2007

(unaudited) (audited)

Assets

------

Current assets:

Cash and cash equivalents $286.7 $167.6

Accounts receivable, net 888.1 882.0

Inventories 98.8 95.2

Deferred income taxes 182.1 149.8

Prepaid expenses and other

current assets 95.9 79.8

---- ----

Total current assets 1,551.6 1,374.4

Property, plant and equipment, net 873.4 912.0

Goodwill, net 5,133.7 5,220.1

Intangible assets, net 846.0 886.7

Other assets 164.0 172.5

----- -----

Total assets $8,568.7 $8,565.7

======== ========

Liabilities and Stockholders'

Equity

------------------------------------

Current liabilities:

Accounts payable and accrued

expenses $1,190.9 $1,124.7

Short-term borrowings and current

portion of long-term debt 49.9 163.6

---- -----

Total current liabilities 1,240.8 1,288.3

Long-term debt 3,078.4 3,377.2

Other liabilities 517.5 576.0'/>"/>

SOURCE Quest Diagnostics Incorporated
Copyright©2008 PR Newswire.
All rights reserved

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