Quest Diagnostics 1998 Annual Report Download - page 3

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3
financial highlights
Quest Diagnostics Incorporated and Subsidiaries
Net revenues $ 1,458.6 $ 1,528.7
Net income (loss) before restructuring
and other non-recurring charges 26.9 17.6
Net income (loss) (a) 26.9 (22.3)
Weighted average common
shares outstanding – diluted 30.2 29.2
Diluted net income per common share $ 0.89 $ (0.77)
Adjusted EBITDA (b) $ 158.6 $ 153.8
(a)
Includes non-recurring charges totaling
$56 million in 1997.
(b)
Adjusted EBITDA represents income (loss) before
income taxes, net interest expense, depreciation,
amortization and restructuring and other
non-recurring charges.
1998 1997
(in millions, except per share data)
YEARS ENDED DECEMBER 31