Quest Diagnostics Reports Strong Performance in Second Qu...((unaudited) ...),Health

Date:7/21/2009

(unaudited) Six Months Ended June 30, 2009 2008 Cash flows from operating activities: Net income $374.0 $315.8 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 130.0 132.7 Provision for doubtful accounts 165.4 167.6 Deferred income tax provision (benefit) 57.0 (6.1) Stock compensation expense 33.2 36.8 Excess tax benefits from stock-based compensation arrangements (1.8) (1.2) Other, net 9.5 (4.8) Changes in operating assets and liabilities: Accounts receivable (228.4) (213.6) Accounts payable and accrued expenses 4.1 (40.1) Integration, settlement and other special charges (320.0) (4.2) Income taxes payable 8.1 2.2 Other assets and liabilities, net 32.5 (13.9) Net cash provided by operating activities 263.6 371.2 Cash flows from investing activities: Business acquisitions, net of cash acquired (12.1) 19.9 Capital expenditures (76.0) (94.8) (Increase) decrease in investments and other assets (6.0) 5.9 Net cash used in investing activities (94.1) (69
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