Quest Diagnostics 2006 Annual Report Download - page 93

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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
(in thousands)
Shares of
Common
Stock
Outstanding
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Unearned
Compen-
sation
Accumulated
Other
Compre-
hensive
(Loss)
Income
Treasury
Stock
Compre-
hensive
Income
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)
Net income . . . . . . . . . . . . . . . . . . . . . . . 586,421 $586,421
Other comprehensive income. . . . . . . 6,140 6,140
Comprehensive income . . . . . . . . . . . . $592,561
Dividends declared . . . . . . . . . . . . . . . . (78,676)
Reclassification upon adoption of
SFAS123R. . . . . . . . . . . . . . . . . . . . . . (3,321) 3,321
Issuance of common stock under
benefit plans . . . . . . . . . . . . . . . . . . . . 598 1 (2,158) 23,838
Stock-based compensation expense . 55,478
Exercise of stock options . . . . . . . . . . 3,782 (75,603) 177,927
Shares to cover employee payroll
tax withholdings on stock issued
under benefit plans . . . . . . . . . . . . . . (13) (672)
Tax benefits associated with stock-
based compensation plans. . . . . . . . 35,816
Purchases of treasury stock . . . . . . . . (8,873) (472,325)
Balance, December 31, 2006 . . . . . . 193,949 $2,138 $2,185,073 $1,800,255 $ - $ (65) $(968,230)
The accompanying notes are an integral part of these statements.
F-6