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Quest Diagnostics Reports First Quarter 2013 Financial Results
Date:4/17/2013

om discontinued operations

0.130.02Net income

$

0.86$

1.00Earnings per share attributable to Quest Diagnostics' common stockholders - diluted:Income from continuing operations

$

0.72$

0.97Income from discontinued operations

0.130.02Net income

$

0.85$

0.99Weighted average common shares outstanding:Basic

158.1158.3Diluted

159.4159.7Operating income as a percentage of net revenues12.7

%15.6

%Quest Diagnostics Incorporated and SubsidiariesConsolidated Balance SheetsMarch 31, 2013 and December 31, 2012 (in millions, except per share data)March 31, 2013December 31,2012(unaudited)AssetsCurrent assets:Cash and cash equivalents

$

133.6$

295.6Accounts receivable, net

930.0867.0Inventories

89.893.1Deferred income taxes

158.7174.2Prepaid expenses and other current assets

97.891.0Current assets held for sale

47.340.2Total current assets

1,457.21,561.1Property, plant and equipment, net753.9755.8Goodwill5,630.15,535.8Intangible assets, net899.4872.2Other assets212.8204.6Non-current assets held for sale352.8354.4Total assets$

9,306.2$

9,283.9Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable and accrued expenses

$

935.0$

1,016.2Short-term borrowings and current portion of long-term debt

254.49.4Current liabilities held for sale

18.822.0Total current liabilities

1,208.21,047.6Long-term debt3,146.83,354.2Other liabilities663.4635.5Non-current liabilities held for sale60.460.8Stockholders' equity:Quest Diagnostics stockholders' equity:Common stock, par value $0.01 per share; 600 shares authorized

at both March 31, 2013 and December 31, 2012; 215.3 shares and

215.1 shares issued at March 31, 2013 and December 31, 2012,

respectively

2.22.2Additional
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SOURCE Quest Diagnostics Incorporated
Copyright©2012 PR Newswire.
All rights reserved

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