Quest Diagnostics 2010 Annual Report Download - page 107

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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
Quarterly Operating Results (unaudited)
(in thousands, except per share data)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Year
2010 (a)
Net revenues. . . ................................. $1,805,503(b) $1,874,727 $1,864,655 $1,824,040 $7,368,925
Gross profit..................................... 739,130(b) 795,756 773,190 743,602 3,051,678
Income from continuing operations. . ............. 171,205(b)(c) 204,142 208,116(d) 175,341(e) 758,804
Loss from discontinued operations, net of taxes . . . (52) (266) (360) (1,109) (1,787)
Net income ..................................... 171,153 203,876 207,756 174,232 757,017
Less: Net income attributable to noncontrolling
interests . ..................................... 8,705 9,261 9,681 8,476 36,123
Net income attributable to Quest Diagnostics ..... $ 162,448 $ 194,615 $ 198,075 $ 165,756 $ 720,894
Amounts attributable to Quest Diagnostics’
stockholders:
Income from continuing operations. . ............. $ 162,500 $ 194,881 $ 198,435 $ 166,865 $ 722,681
Loss from discontinued operations, net of taxes . . . (52) (266) (360) (1,109) (1,787)
Net income ..................................... $ 162,448 $ 194,615 $ 198,075 $ 165,756 $ 720,894
Earnings per share attributable to Quest
Diagnostics’ stockholders – basic:
Income from continuing operations. . ............. $ 0.90 $ 1.08 $ 1.14 $ 0.97 $ 4.09
Loss from discontinued operations . . ............. — — — (0.01) (0.01)
Net income ..................................... $ 0.90 $ 1.08 $ 1.14 $ 0.96 $ 4.08
Earnings per share attributable to Quest
Diagnostics’ stockholders – diluted:
Income from continuing operations. . ............. $ 0.89 $ 1.07 $ 1.13 $ 0.97 $ 4.06
Loss from discontinued operations . . ............. — — — (0.01) (0.01)
Net income ..................................... $ 0.89 $ 1.07 $ 1.13 $ 0.96 $ 4.05
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(f)(g) 201,092(h) 190,758(i) 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
F-41