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Quest Diagnostics Reports Strong Earnings Growth In First Quarter 2009
Date:4/21/2009

me from continuing operations $0.89 $0.72 Loss from discontinued operations (0.01) - ------ ------ Net income $0.88 $0.72 ===== ===== Earnings per share attributable to Quest Diagnostics' common stockholders - diluted: Income from continuing operations $0.89 $0.72 Loss from discontinued operations (0.01) (0.01) ------ ------ Net income $0.88 $0.71 ===== ===== Weighted average common shares outstanding: Basic 189.4 194.1 Diluted 190.7 195.8 Operating income as a percentage of net revenues 17.8% 15.7% Quest Diagnostics Incorporated and Subsidiaries Consolidated Balance Sheets March 31, 2009 and December 31, 2008 (in millions, except per share data) March 31, December 31, 2009 2008 (unaudited) Assets ------ Current assets: Cash and cash equivalents $204.2 $253.9 Accounts receivable, net 888.3 832.9 Inventories 86.5 102.1 Deferred income taxes 207.0 218.4 Prepaid expenses and other current assets 98.6 89.5
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