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Quest Diagnostics Reports Second Quarter 2014 Financial Results

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



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

SOURCE Quest Diagnostics Incorporated
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