Quest Diagnostics 2000 Annual Report Download - page 100

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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(dollars in thousands unless otherwise indicated)
F-30
Condensed Consolidating Balance Sheet
December 31, 2000
Parent
Subsidiary
Guarantors
Non-Guarantor
Subsidiaries Eliminations Consolidated
Assets
Current assets:
Cash and cash equivalents .................................... $ -- $ 163,863 $ 7,614 $ -- $ 171,477
Accounts receivable, net....................................... 6,159 29,548 449,866 -- 485,573
Other current assets............................................... 191,693 129,881 9,030 (6,965) 323,639
Total current assets ........................................... 197,852 323,292 466,510 (6,965) 980,689
Property, plant and equipment, net ....................... 121,159 316,630 12,067 -- 449,856
Intangible assets, net ............................................ 72,514 1,180,341 8,748 -- 1,261,603
Intercompany receivable (payable) ....................... (78,538) 253,994 (175,456) -- --
Investment in subsidiaries..................................... 1,031,135 -- -- (1,031,135) --
Other assets........................................................... 66,623 71,692 34,073 -- 172,388
Total assets ....................................................... $ 1,410,745 $ 2,145,949 $ 345,942 $ (1,038,100) $ 2,864,536
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses............... $ 247,558 $ 418,147 $ 30,842 $ (6,965) $ 689,582
Short-term borrowings and current portion of
long-term debt..................................................... 837 8,215 256,356 -- 265,408
Total current liabilities...................................... 248,395 426,362 287,198 (6,965) 954,990
Long-term debt ..................................................... 95,711 661,340 3,654 -- 760,705
Other liabilities ..................................................... 34,844 71,159 11,043 -- 117,046
Preferred stock...................................................... 1,000 -- -- -- 1,000
Common stockholders’ equity .............................. 1,030,795 987,088 44,047 (1,031,135) 1,030,795
Total liabilities and stockholders’ equity.......... $ 1,410,745 $ 2,145,949 $ 345,942 $ (1,038,100) $ 2,864,536
Condensed Consolidating Balance Sheet
December 31, 1999
Parent
Subsidiary
Guarantors
Non-Guarantor
Subsidiaries Eliminations Consolidated
Assets
Current assets:
Cash and cash equivalents .................................... $ -- $ 18,864 $ 8,420 $ -- $ 27,284
Accounts receivable, net....................................... 68,941 455,503 14,812 -- 539,256
Other current assets............................................... 113,539 185,438 7,144 -- 306,121
Total current assets ........................................... 182,480 659,805 30,376 -- 872,661
Property, plant and equipment, net ....................... 111,411 302,268 14,299 -- 427,978
Intangible assets, net............................................. 161,438 1,274,202 242 -- 1,435,882
Intercompany receivable (payable) ....................... (43,291) 56,798 (13,507) -- --
Investment in subsidiaries..................................... 853,865 -- -- (853,865) --
Other assets........................................................... 11,850 106,952 23,158 -- 141,960
Total assets........................................................ $ 1,277,753 $ 2,400,025 $ 54,568 $ (853,865) $ 2,878,481
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses............... $ 192,679 $ 449,372 $ 13,758 $ -- $ 655,809
Current portion of long-term debt......................... 4,635 40,369 431 -- 45,435
Total current liabilities...................................... 197,314 489,741 14,189 -- 701,244
Long-term debt ..................................................... 176,601 991,396 3,445 -- 1,171,442
Other liabilities ..................................................... 40,776 92,870 9,087 -- 142,733
Preferred stock...................................................... 1,000 -- -- -- 1,000
Common stockholders’ equity .............................. 862,062 826,018 27,847 (853,865) 862,062
Total liabilities and stockholders’ equity ......... $ 1,277,753 $ 2,400,025 $ 54,568 $ (853,865) $ 2,878,481