Quest Diagnostics 2011 Annual Report Download - page 115

Download and view the complete annual report

Please find page 115 of the 2011 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 123

  • 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

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
(b) (c)(d) (e) (f)
2011 (a)
Net revenues. . . ................................. $1,821,577 $1,903,201 $1,906,405 $1,879,307 $7,510,490
Gross profit..................................... 724,579 798,807 789,831 801,940 3,115,157
Income (loss) from continuing operations ......... (46,288) 172,034 182,143 199,343 507,232
Loss from discontinued operations, net of taxes. . . (374) (507) (250) (451) (1,582)
Net income (loss) . . ............................. (46,662) 171,527 181,893 198,892 505,650
Less: Net income attributable to noncontrolling
interests . ..................................... 7,199 8,384 10,045 9,455 35,083
Net income (loss) attributable to Quest
Diagnostics . . ................................. $ (53,861) $ 163,143 $ 171,848 $ 189,437 $ 470,567
Amounts attributable to Quest Diagnostics’
stockholders:
Income (loss) from continuing operations ......... $ (53,487) $ 163,650 $ 172,098 $ 189,888 $ 472,149
Loss from discontinued operations, net of taxes. . . (374) (507) (250) (451) (1,582)
Net income (loss) . . ............................. $ (53,861) $ 163,143 $ 171,848 $ 189,437 $ 470,567
Earnings per share attributable to Quest
Diagnostics’ stockholders – basic:
Income (loss) from continuing operations ......... $ (0.33) $ 1.03 $ 1.08 $ 1.20 $ 2.96
Loss from discontinued operations . . ............. — — — — (0.01)
Net income (loss) . . ............................. $ (0.33) $ 1.03 $ 1.08 $ 1.20 $ 2.95
Earnings per share attributable to Quest
Diagnostics’ stockholders – diluted:
Income (loss) from continuing operations ......... $ (0.33) $ 1.02 $ 1.08 $ 1.19 $ 2.93
Loss from discontinued operations . . ............. — — (0.01) — (0.01)
Net income (loss) . . ............................. $ (0.33) $ 1.02 $ 1.07 $ 1.19 $ 2.92
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Year
(g) (h) (i)
2010 (a)
Net revenues. . . ................................. $1,805,503 $1,874,727 $1,864,655 $1,824,040 $7,368,925
Gross profit..................................... 739,130 795,756 773,190 743,602 3,051,678
Income from continuing operations. . ............. 171,205 204,142 208,116 175,341 758,804
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
F-43