Quest Diagnostics 2003 Annual Report Download - page 107

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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
The following is a reconciliation of non-GAAP measures presented in the financial highlights to their most
comparable measure under generally accepted accounting principles.
Year ended December 31,
(in thousands, except per share data)
2003 2002 2001 2000 1999
Net income (loss) .................................. $436,717 $322,154 $162,303 $102,052 $ (3,413)
Add:
Amortization of goodwill, net of taxes ............... - - 35,964 36,023 22,013
Provision for restructuring and other special charges,
net of taxes ...................................... - - - 1,260 44,118
Loss on debt extinguishment, net of taxes ............ - - 25,207 2,896 2,139
Adjusted net income ............................... $436,717 $322,154 $223,474 $142,231 $ 64,857
Diluted earnings per common share
Reported net income (loss) .......................... $ 4.12 $ 3.23 $ 1.66 $ 1.08 $ (0.05)
Adjusted diluted earnings per common share ......... $ 4.12 $ 3.23 $ 2.29 $ 1.51 $ 0.91
Weighted average number of common shares
outstanding-diluted ................................ 105,932 99,790 97,610 94,300 71,655
Operating income .................................. $796,454 $592,142 $411,550 $317,527 $ 78,980
Add:
Amortization of goodwill ............................ - - 38,392 37,862 23,530
Provision for restructuring and other special charges . . - - - 2,100 73,385
Adjusted operating income ......................... $796,454 $592,142 $449,942 $357,489 $175,895
Reconciliation of Non-GAAP Measures