Quest Diagnostics Reports Strong Revenue and Earnings Growth in First Qu...((3.4) 1.3 Changes in oper...),Health
(3.4) 1.3
Changes in operating assets and liabilities:
Accounts receivable (151.8) (94.0)
Accounts payable and accrued expenses (48.5) (45.4)
Integration, settlement and other
special charges (2.4) (2.1)
Income taxes payable 69.0 67.9
Other assets and liabilities, net (21.0) (9.1)
Net cash provided by operating activities 157.9 151.5
Cash flows from investing activities:
Business acquisitions, net of cash acquired 22.8 (306.6)
Capital expenditures (46.9) (40.1)
Decrease in investments and other assets 6.9 0.8
Net cash used in investing activities (17.2) (345.9)
Cash flows from financing activities:
Repayments of debt (135.5) (128.3)
Proceeds from borrowings 20.0 450.0
Decrease in book overdrafts (4.7) (10.2)
Purchases of treasury stock - (105.0)
Exercise of stock options 6.4 17.6
Excess tax benefits from stock-based
compensation arrangements 0.6 4.2
Dividends paid (19.4) (19.4)
Distributions to minority partners (5.7) (4.7)
Financing costs paid - (1.0)
Net cash (used in) provided by financing
activities (138.3) 203.2
Net change in cash and cash equivalents
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