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Quest Diagnostics Reports First Quarter 2013 Financial Results

om discontinued operations

0.130.02Net income



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



0.97Income from discontinued operations

0.130.02Net income



0.99Weighted average common shares outstanding:Basic


159.4159.7Operating income as a percentage of net revenues12.7


%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



295.6Accounts receivable, net


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$


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



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,



SOURCE Quest Diagnostics Incorporated
Copyright©2012 PR Newswire.
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