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Quest Diagnostics Reports Second Quarter 2014 Financial Results
Date:7/24/2014

rated and Subsidiaries
Consolidated Statements of Cash Flows
For the Six Months Ended June 30, 2014 and 2013
(in millions)
(unaudited)Six Months Ended June 30,20142013Cash flows from operating activities:Net income

$

253$

318Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization

156142Provision for doubtful accounts

148139Deferred income tax benefit

(26)(11)Stock-based compensation expense

2517Excess tax benefits from stock-based compensation arrangements

(3)Gain on sale of business

(22)Other, net

(2)(1)Changes in operating assets and liabilities:Accounts receivable

(191)(213)Accounts payable and accrued expenses

(39)(68)Income taxes payable

44(35)Other assets and liabilities, net

(4)(8)Net cash provided by operating activities364255Cash flows from investing activities:Business acquisitions
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SOURCE Quest Diagnostics Incorporated
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