Quest Diagnostics 2003 Annual Report Download - page 74

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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2003, 2002 AND 2001
(in thousands)
Retained Accumulated
Additional Earnings Unearned Other Compre-
Common Paid-In (Accumulated Compen- Comprehensive Treasury hensive
Stock Capital Deficit) sation Income (Loss) Stock Income
Balance, December 31, 2000 ............ $ 465 $1,591,976 $(525,111) $(31,077) $ (5,458) $ -
Net income ............................ 162,303 $162,303
Other comprehensive income ............ 1,988 1,988
Comprehensive income .................. $164,291
Two-for-one stock split
(47,149 common shares) .............. 472 (472)
Preferred dividends declared ............. (118)
Issuance of common stock under benefit
plans (233 common shares) ........... 2 25,040 (3,540)
Exercise of stock options
(2,101 common shares) ............... 21 25,610
Tax benefits associated with stock-based
compensation plans ................... 71,917
Adjustment to Corning receivable ........ 605
Amortization of unearned compensation . . . 21,364
Balance, December 31, 2001 ............ 960 1,714,676 (362,926) (13,253) (3,470) -
Net income ............................ 322,154 $322,154
Other comprehensive loss ............... (2,054) (2,054)
Comprehensive income .................. $320,100
Issuance of common stock under benefit
plans (418 common shares) ........... 4 31,310
Exercise of stock options
(1,521 common shares) ............... 16 27,018
Tax benefits associated with stock-based
compensation plans ................... 44,507
Amortization of unearned compensation . . . 9,921
Balance, December 31, 2002 ............ 980 1,817,511 (40,772) (3,332) (5,524) -
Net income ............................ 436,717 $436,717
Other comprehensive income ............ 11,471 11,471
Comprehensive income .................. $448,188
Dividend declared ...................... (15,386)
Shares issued to acquire Unilab
(7,055 common shares) ............... 71 372,393
Fair value of Unilab converted options .... 8,452
Issuance of common stock under benefit
plans (400 common shares) ........... 4 18,081 (4,313)
Exercise of stock options
(1,567 common shares) ............... 15 29,872
Shares to cover employee payroll tax
withholdings on stock issued under
benefit plans (181 common shares) ..... (2) (9,791)
Tax benefits associated with stock-based
compensation plans ................... 30,496
Amortization of unearned compensation . . . 5,299
Purchases of treasury stock
(3,990 common shares) ............... (257,548)
Balance, December 31, 2003 ............ $1,068 $2,267,014 $ 380,559 $ (2,346) $ 5,947 $(257,548)
The accompanying notes are an integral part of these statements.
F-5