Quest Diagnostics 2011 Annual Report Download - page 74
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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2011 AND 2010
(in thousands, except per share data)
2011 2010
Assets
Current assets:
Cash and cash equivalents ......................................................... $ 164,886 $ 449,301
Accounts receivable, net of allowance for doubtful accounts of $237,339 and
$228,917 at December 31, 2011 and 2010, respectively . . ......................... 906,455 845,299
Inventories. . ...................................................................... 89,132 76,572
Deferred income taxes ............................................................ 153,328 142,470
Prepaid expenses and other current assets .......................................... 87,459 91,775
Total current assets ........................................................... 1,401,260 1,605,417
Property, plant and equipment, net .............................................. 799,771 834,376
Goodwill ......................................................................... 5,795,765 5,101,938
Intangible assets, net ............................................................. 1,035,612 796,405
Other assets...................................................................... 280,971 189,494
Total assets ...................................................................... $ 9,313,379 $ 8,527,630
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses . ........................................... $ 906,764 $ 865,272
Short-term borrowings and current portion of long-term debt ........................ 654,395 348,996
Total current liabilities........................................................ 1,561,159 1,214,268
Long-term debt .................................................................. 3,370,522 2,641,160
Other liabilities .................................................................. 666,699 618,077
Commitments and contingencies
Stockholders’ equity:
Quest Diagnostics stockholders’ equity:
Common stock, par value $0.01 per share; 600,000 shares authorized at both
December 31, 2011 and 2010; 214,607 shares and 214,173 shares issued at
December 31, 2011 and 2010, respectively ....................................... 2,146 2,142
Additional paid-in capital.......................................................... 2,347,518 2,311,421
Retained earnings ................................................................. 4,263,599 3,867,420
Accumulated other comprehensive (loss) income. . .................................. (8,067) 10,626
Treasury stock, at cost; 57,187 shares and 43,456 shares at December 31, 2011 and
2010, respectively . ............................................................. (2,912,324) (2,158,129)
Total Quest Diagnostics stockholders’ equity . . . .................................. 3,692,872 4,033,480
Noncontrolling interests ........................................................... 22,127 20,645
Total stockholders’ equity. .................................................... 3,714,999 4,054,125
Total liabilities and stockholders’ equity ......................................... $ 9,313,379 $ 8,527,630
The accompanying notes are an integral part of these statements.
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