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

egration, settlement and other special charges (5.3) (2.4) Income taxes payable 63.9 69.0 Other assets and liabilities, net 6.2 (21.0) --- ------ Net cash provided by operating activities 272.8 157.9 ----- ----- Cash flows from investing activities: Business acquisitions, net of cash acquired (1.4) 22.8 Capital expenditures (39.6) (46.9) (Increase) decrease in investments and other assets (0.4) 6.9 ----- --- Net cash used in investing activities (41.4) (17.2) ------ ------ Cash flows from financing activities: Proceeds from borrowings 50.0 20.0 Repayments of debt (50.6) (135.5) Decrease in book overdrafts (17.4) (4.7) Purchases of treasury stock (250.0) - Exercise of stock options 10.0 6.4 Excess tax benefits from stock-based compensation arrangements 1.1 0.6 Dividends paid (19.0) (19.4) Distributions to noncontrolling interests (5.0) (5.7) Financing costs paid (0.2) - ----- ----- Net cash used in financing activities (281.1) (138.3)
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