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Quest Diagnostics Reports Strong Revenue and Earnings Growth in First Quarter 2008
Date:4/21/2008

March 31, 2008 and December 31, 2007

(in millions, except per share data)

March 31, Dec. 31,

2008 2007

(unaudited)

Assets

Current assets:

Cash and cash equivalents $170.0 $167.6

Accounts receivable, net 947.7 882.0

Inventories 97.4 95.2

Deferred income taxes 153.6 149.8

Prepaid expenses and other current assets 95.9 79.8

Total current assets 1,464.6 1,374.4

Property, plant and equipment, net 906.1 912.0

Goodwill, net 5,229.7 5,220.1

Intangible assets, net 884.1 886.7

Other assets 161.8 172.5

Total assets $8,646.3 $8,565.7

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable and accrued expenses $1,143.9 $1,124.7

Short-term borrowings and current

portion of long-term debt 48.8 163.6

Total current liabilities 1,192.7 1,288.3

Long-term debt 3,378.7 3,377.2

Other liabilities 572.9 576.0

Stockholders' equity:

Common stock, par value $0.01 per share;

600 shares authorized at both

March 31, 2008 and December 31, 2007;

214.1 and 213.7 shares issued at

Mar
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SOURCE Quest Diagnostics Incorporated
Copyright©2008 PR Newswire.
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