Quest Diagnostics 2009 Annual Report Download - page 109

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Condensed Consolidating Balance Sheet
December 31, 2009
Parent
Subsidiary
Guarantors
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Assets
Current assets:
Cash and cash equivalents .................. $ 464,958 $ 17,457 $ 51,841 $ - $ 534,256
Accounts receivable, net .................... 3,461 156,102 667,780 - 827,343
Other current assets . . . ..................... 64,354 169,233 99,109 (14,870) 317,826
Total current assets . ..................... 532,773 342,792 818,730 (14,870) 1,679,425
Property, plant and equipment, net .......... 181,790 607,951 36,205 - 825,946
Goodwill and intangible assets, net .......... 153,145 5,308,433 446,031 - 5,907,609
Intercompany receivable (payable)........... 471,421 (137,227) (334,194) - -
Investment in subsidiaries................... 5,790,333 - - (5,790,333) -
Other assets. ............................... 194,990 11,428 49,970 (105,725) 150,663
Total assets .............................. $7,324,452 $6,133,377 $1,016,742 $(5,910,928) $8,563,643
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses . . . . . $ 641,964 $ 239,417 $ 22,194 $ (14,870) $ 888,705
Current portion of long-term debt ........... 165,661 2,436 2,410 - 170,507
Total current liabilities ................... 807,625 241,853 24,604 (14,870) 1,059,212
Long-term debt............................. 2,430,806 146,556 359,430 - 2,936,792
Other liabilities ............................ 96,382 513,987 51,531 (105,725) 556,175
Stockholders’ equity
Quest Diagnostics stockholders’ equity . . . . . . 3,989,639 5,230,981 559,352 (5,790,333) 3,989,639
Noncontrolling interests..................... - - 21,825 - 21,825
Total stockholders’ equity ................ 3,989,639 5,230,981 581,177 (5,790,333) 4,011,464
Total liabilities and stockholders’ equity. . . $7,324,452 $6,133,377 $1,016,742 $(5,910,928) $8,563,643
Condensed Consolidating Balance Sheet
December 31, 2008
Parent
Subsidiary
Guarantors
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Assets
Current assets:
Cash and cash equivalents ...................... $ 218,565 $ 6,715 $ 28,666 $ - $ 253,946
Accounts receivable, net. ....................... 4,426 134,005 694,442 - 832,873
Other current assets ............................ 52,407 262,952 98,631 (3,990) 410,000
Total current assets . . . ....................... 275,398 403,672 821,739 (3,990) 1,496,819
Property, plant and equipment, net .............. 211,847 631,921 35,919 - 879,687
Goodwill and intangible assets, net ............. 153,213 5,303,312 425,804 - 5,882,329
Intercompany receivable (payable) .............. 576,236 (184,426) (391,810) - -
Investment in subsidiaries ...................... 5,323,173 - - (5,323,173) -
Other assets . . . ................................ 179,222 33,301 39,951 (107,479) 144,995
Total assets . ................................ $6,719,089 $6,187,780 $ 931,603 $(5,434,642) $8,403,830
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses ......... $ 552,094 $ 628,958 $ 42,557 $ (3,990) $1,219,619
Current portion of long-term debt . .............. - 2,886 2,256 - 5,142
Total current liabilities ....................... 552,094 631,844 44,813 (3,990) 1,224,761
Long-term debt ................................ 2,498,342 245,472 334,275 - 3,078,089
Other liabilities ................................ 63,757 473,579 45,989 (107,479) 475,846
Stockholders’ equity
Quest Diagnostics stockholders’ equity .......... 3,604,896 4,836,885 486,288 (5,323,173) 3,604,896
Noncontrolling interests . ....................... - - 20,238 - 20,238
Total stockholders’ equity .................... 3,604,896 4,836,885 506,526 (5,323,173) 3,625,134
Total liabilities and stockholders’ equity . ..... $6,719,089 $6,187,780 $ 931,603 $(5,434,642) $8,403,830
F-39
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
(dollars in thousands unless otherwise indicated)