Quest Diagnostics 2000 Annual Report Download - page 103

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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(dollars in thousands unless otherwise indicated)
F-33
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 1999
Parent
Subsidiary
Guarantors
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net income (loss) .................................................... $ (3,413) $ 7,784 $ (5,506) $ (2,278) $ (3,413)
Extraordinary loss, net of taxes............................... 2,139 -- -- -- 2,139
Adjustments to reconcile net income (loss) to
net cash provided by operating activities:
Depreciation and amortization............................ 32,083 55,020 3,732 -- 90,835
Provision for doubtful accounts ......................... 36,121 101,762 4,450 -- 142,333
Provisions for restructuring and other special
charges............................................................... 62,496 8,137 2,752 -- 73,385
Other, net............................................................. (15,039) (8,954) 3,737 2,278 (17,978)
Changes in operating assets and liabilities ......... (53,317) 11,821 3,730 -- (37,766)
Net cash provided by operating activities............... 61,070 175,570 12,895 -- 249,535
Net cash used in investing activities ....................... (1,068,476) (30,099) (9,415) -- (1,107,990)
Net cash provided by (used in) financing
activities............................................................... 816,800 (134,813) 844 -- 682,831
Net change in cash and cash equivalents................ (190,606) 10,658 4,324 -- (175,624)
Cash and cash equivalents, beginning of year........ 190,606 8,206 4,096 -- 202,908
Cash and cash equivalents, end of year .................. $ -- $ 18,864 $ 8,420 $ -- $ 27,284
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 1998
Parent
Subsidiary
Guarantors
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net income (loss) .................................................... $ 26,885 $ (158) $ (1,357) $ 1,515 $ 26,885
Adjustments to reconcile net income (loss) to
net cash provided by (used in) operating
activities:
Depreciation and amortization............................ 31,749 35,339 1,757 -- 68,845
Provision for doubtful accounts ......................... 48,246 39,935 1,247 -- 89,428
Other, net............................................................. 29,691 (7,390) 2,536 (1,515) 23,322
Changes in operating assets and liabilities ......... (9,672) (50,640) (6,786) -- (67,098)
Net cash provided by (used in) operating
activities............................................................... 126,899 17,086 (2,603) -- 141,382
Net cash used in investing activities ....................... (20,194) (17,124) (2,402) -- (39,720)
Net cash provided by (used in) financing
activities............................................................... (39,151) (27,283) 6,019 -- (60,415)
Net change in cash and cash equivalents................ 67,554 (27,321) 1,014 -- 41,247
Cash and cash equivalents, beginning of year........ 123,052 35,527 3,082 -- 161,661
Cash and cash equivalents, end of year .................. $ 190,606 $ 8,206 $ 4,096 $ -- $ 202,908