Quest Diagnostics 2012 Annual Report Download - page 101
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F- 28
11. ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts payable and accrued expenses at December 31, 2012 and 2011 consisted of the following:
2012 2011
Trade accounts payable $ 203,547 $ 215,340
Accrued wages and benefits 334,999 339,768
Income taxes payable 77,846 4,591
Accrued interest 61,454 61,785
Accrued expenses 338,345 285,280
Total $ 1,016,191 $ 906,764
12. DEBT
Short-term borrowings and current portion of long-term debt at December 31, 2012 and 2011 consisted of the
following:
2012 2011
Secured Receivables Credit Facility $ — $ 85,000
Current portion of long-term debt 9,404 569,395
Total short-term borrowings and current portion of long-term debt $ 9,404 $ 654,395
Short-term weighted average interest rates 0.98% 1.42%
Long-term debt at December 31, 2012 and 2011 consisted of the following:
2012 2011
Term Loan due May 2012 $ — $ 560,000
Floating Rate Senior Notes due March 2014 200,000 200,000
5.45% Senior Notes due November 2015 499,171 499,387
3.20% Senior Notes due April 2016 311,478 310,622
6.40% Senior Notes due July 2017 374,640 374,561
4.75% Senior Notes due January 2020 543,678 539,688
4.70% Senior Notes due April 2021 547,104 549,152
6.95% Senior Notes due July 2037 421,154 420,997
5.75% Senior Notes due January 2040 438,742 438,323
Other 27,610 47,187
Total long-term debt 3,363,577 3,939,917
Less: current portion of long-term debt 9,404 569,395
Total long-term debt, net of current portion $ 3,354,173 $ 3,370,522
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED
(dollars in thousands unless otherwise indicated)