Quest Diagnostics 2005 Annual Report Download - page 83

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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2005, 2004 AND 2003
(in thousands)
Accumulated
Other
Shares of Retained Compre-
Common Additional Earnings Unearned hensive Compre-
Stock Common Paid-In (Accumulated Compen- (Loss) Treasury hensive
Outstanding Stock Capital Deficit) sation Income Stock Income
Balance, December 31, 2002 .... 195,926 $ 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 . . 14,110 71 372,393
Fair value of Unilab converted
options ...................... 8,452
Issuance of common stock under
benefit plans ................. 800 4 18,081 (4,313)
Exercise of stock options ........ 3,133 15 29,872
Shares to cover employee payroll
tax withholdings on stock
issued under benefit plans ..... (361) (2) (9,791)
Tax benefits associated with stock-
based compensation plans ...... 30,496
Amortization of unearned
compensation ................. 5,299
Purchases of treasury stock ...... (7,981) (257,548)
Balance, December 31, 2003 .... 205,627 1,068 2,267,014 380,559 (2,346) 5,947 (257,548)
Net income .................... 499,195 $499,195
Other comprehensive loss ........ (2,081) (2,081)
Comprehensive income .......... $497,114
Dividends declared .............. (61,020)
Issuance of common stock under
benefit plans ................. 404 1 1,314 951 12,623
Exercise of stock options ........ 6,949 (136,932) 246,048
Shares to cover employee payroll
tax withholdings on stock
issued under benefit plans ..... (179) (1) (7,548)
Tax benefits associated with stock-
based compensation plans ...... 71,276
Conversion of contingent
convertible debentures ......... 74 222 3,102
Amortization of unearned
compensation ................. 1,384
Purchases of treasury stock ...... (16,655) (734,577)
Balance, December 31, 2004 .... 196,220 1,068 2,195,346 818,734 (11) 3,866 (730,352)
Net income .................... 546,277 $546,277
Other comprehensive loss ........ (10,071) (10,071)
Comprehensive income .......... $536,206
Adjustment for 2-for-1 stock split . . 1,068 (1,068)
Dividends declared .............. (72,501)
Issuance of common stock under
benefit plans ................. 516 1 4,620 (5,347) 17,683
Exercise of stock options ........ 3,893 (69,691) 168,026
Shares to cover employee payroll
tax withholdings on stock
issued under benefit plans ..... (7)
Tax benefits associated with stock-
based compensation plans ...... 33,823
Conversion of contingent
convertible debentures ......... 5,632 12,510 237,136
Amortization of unearned
compensation ................. 2,037
Purchases of treasury stock ...... (7,806) (390,163)
Balance, December 31, 2005 .... 198,455 $2,137 $2,175,533 $1,292,510 $(3,321) $(6,205) $(697,670)
The accompanying notes are an integral part of these statements.
F-6