Quest Diagnostics 2008 Annual Report Download - page 123

Download and view the complete annual report

Please find page 123 of the 2008 Quest Diagnostics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

Reconciliation of Non-GAAP Measures
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,
2008 2007 2006 2005 2004
(in thousands, except per share data)
Income from continuing operations.........
.
$ 632,184 $ 553,828 $ 625,692 $ 573,196 $ 492,415
Add:
Amortization of goodwill, net of taxes .......
.
- - - - -
Loss on debt extinguishment, net of taxes ..
.
- - - - -
Adjusted income from continuing
operations ................................................
.
$ 632,184
$ 553,828
$ 625,692
$ 573,196
$ 492,415
Diluted earnings per common share
from continuing operations:
Reported diluted earnings per common
share from continuing operations.............
.
$ 3.23
$ 2.84
$ 3.14
$ 2.79
$ 2.32
Adjusted diluted earnings per common
share from continuing operations.............
.
$ 3.23
$ 2.84
$ 3.14
$ 2.79
$ 2.32
Weighted average number of common
shares outstanding – diluted.....................
.
195,959
195,262
199,542
205,530
214,145
Year Ended December 31,
2003 2002 2001 2000 1999
(in thousands, except per share data)
Income from continuing operations .......
.
$ 429,173 $ 317,445 $ 161,624 $ 105,471 $ 4,797
Add:
Amortization of goodwill, net of taxes .....
.
- - 35,246 35,305 21,295
Provision for restructuring and other
special charges, net of taxes ...................
.
-
-
-
-
44,118
Loss on debt extinguishment, net of taxes
.
- - 25,207 2,896 2,139
Adjusted income from continuing
operations ..............................................
.
$ 429,173
$ 317,445
$ 222,077
$ 143,672
$ 72,349
Diluted earnings per common share
from continuing operations:
Reported diluted earnings per common
share from continuing operations...........
.
$ 1.99
$ 1.57
$ 0.83
$ 0.56
$ 0.03
Adjusted diluted earnings per common
share from continuing operations...........
.
$ 1.99
$ 1.57
$ 1.13
$ 0.76
$ 0.51
Weighted average number of common
shares outstanding – diluted ...................
.
217,578
205,294
195,779
188,601
143,309