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

Total Quest Diagnostics stockholders' equity 3,508.5 3,604.9 Noncontrolling interests 23.8 20.2 ---- ---- Total stockholders' equity 3,532.3 3,625.1 ------- ------- Total liabilities and stockholders' equity $8,346.6 $8,403.8 ========= ========= Quest Diagnostics Incorporated and Subsidiaries Consolidated Statements of Cash Flows For the Three Months Ended March 31, 2009 and 2008 (in millions) (unaudited) Three Months Ended March 31, 2009 2008 Cash flows from operating activities: Net income $175.7 $146.7 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 64.9 65.3 Provision for doubtful accounts 81.4 86.0 Deferred income tax provision (benefit) 13.1 (2.6) Stock compensation expense 14.1 21.2 Excess tax benefits from stock-based compensation arrangements (1.1) (0.6) Other, net (2.4) (3.4) Changes in operating assets and liabilities: Accounts receivable (136.1) (151.8) Accounts payable and accrued expenses (1.6) (48.5) Int
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