Quest Diagnostics 2009 Annual Report Download - page 113

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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
(in thousands, except per share data)
Quarterly Operating Results (unaudited)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Year
2009 (a)
Net revenues . . . . . ........................... $1,808,006 $1,901,818 $1,897,146 $1,848,273 $7,455,243
Gross profit . . . . . . ........................... 754,517 801,606 799,611 778,034 3,133,768
Income from continuing operations ........... 177,327 198,281(b)(c)(d) 201,092(e) 190,758(f)(g) 767,458
(Loss) income from discontinued operations,
net of taxes . . . . ........................... (1,671) 88 543 (196) (1,236)
Net income . . . . . . ........................... 175,656 198,369 201,635 190,562 766,222
Less: Net income attributable to
noncontrolling interests . ................... 8,554 10,169 9,416 8,972 37,111
Net income attributable to Quest Diagnostics. . $ 167,102 $ 188,200 $ 192,219 $ 181,590 $ 729,111
Amounts attributable to Quest Diagnostics’
stockholders:
Income from continuing operations ........... $ 168,773 $ 188,112 $ 191,676 $ 181,786 $ 730,347
(Loss) income from discontinued operations,
net of taxes . . . . ........................... (1,671) 88 543 (196) (1,236)
Net income . . . . . . ........................... $ 167,102 $ 188,200 $ 192,219 $ 181,590 $ 729,111
Earnings per share attributable to Quest
Diagnostics’ stockholders – basic:
Income from continuing operations ........... $ 0.89 $ 1.01 $ 1.03 $ 0.98 $ 3.92
Loss from discontinued operations . ........... (0.01) - - - (0.01)
Net income . . . . . . ........................... $ 0.88 $ 1.01 $ 1.03 $ 0.98 $ 3.91
Earnings per share attributable to Quest
Diagnostics’ stockholders – diluted:
Income from continuing operations ........... $ 0.89 $ 1.00 $ 1.02 $ 0.97 $ 3.88
Loss from discontinued operations . ........... (0.01) - - - (0.01)
Net income . . . . . . ........................... $ 0.88 $ 1.00 $ 1.02 $ 0.97 $ 3.87
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Year
2008 (a)
Net revenues ................................ $1,784,637 $1,837,901 $1,826,603(h) $1,800,306 $7,249,447
Gross profit . ................................ 726,010 754,420 753,480(h) 759,381 2,993,291
Income from continuing operations . . ......... 147,748 170,044(i) 168,280(h)(i)(j) 177,817(i)(k) 663,889
(Loss) income from discontinued operations,
net of taxes. . . ............................ (1,087) (890) (48,934)(l) 217 (50,694)
Net income . ................................ 146,661 169,154 119,346 178,034 613,195
Less: Net income attributable to
noncontrolling interests .................... 7,054 7,826 8,604 8,221 31,705
Net income attributable to Quest Diagnostics . $ 139,607 $ 161,328 $ 110,742 $ 169,813 $ 581,490
Amounts attributable to Quest Diagnostics’
stockholders:
Income from continuing operations . . ......... 140,694 162,218 159,676 169,596 632,184
(Loss) income from discontinued operations,
net of taxes. . . ............................ (1,087) (890) (48,934) 217 (50,694)
Net income . ................................ $ 139,607 $ 161,328 $ 110,742 $ 169,813 $ 581,490
Earnings per share attributable to Quest
Diagnostics’ stockholders – basic:
Income from continuing operations . . ......... $ 0.72 $ 0.83 $ 0.82 $ 0.87 $ 3.25
Loss from discontinued operations. . . ......... - - (0.25) - (0.26)
Net income . ................................ $ 0.72 $ 0.83 $ 0.57 $ 0.87 $ 2.99
Earnings per share attributable to Quest
Diagnostics’ stockholders – diluted:
Income from continuing operations . . ......... $ 0.72 $ 0.83 $ 0.81 $ 0.87 $ 3.22
Loss from discontinued operations. . . ......... (0.01) (0.01) (0.25) - (0.26)
Net income . ................................ $ 0.71 $ 0.82 $ 0.56 $ 0.87 $ 2.96
F-43