Quest Diagnostics 2012 Annual Report Download - page 115

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F- 42
Summarized financial information for the discontinued operations is set forth below:
2012 2011 2010
Net revenues $ 116,940 $ 118,557 $ 108,805
Income (loss) from discontinued operations before taxes (73,741) 7,072 9,328
Income tax expense (benefit) 623 (4,486)(2,832)
Income (loss) from discontinued operations, net of taxes $ (74,364) $ 11,558 $ 12,160
The following table summarizes the HemoCue assets and liabilities held for sale in our consolidated balance sheets at
December 31, 2012.
2012
Assets held for sale:
Cash and cash equivalents $ 17,234
Accounts receivable, net 14,430
Inventories 5,388
Deferred income taxes 242
Prepaid expenses and other current assets 2,898
Total current assets held for sale $ 40,192
Property, plant and equipment, net $ 24,782
Goodwill 218,795
Intangible assets, net 110,773
Other assets 34
Total non-current assets held for sale $ 354,384
Liabilities held for sale:
Accounts payable and accrued expenses $ 21,322
Short-term borrowings and current portion of long-term debt 449
Deferred income taxes 237
Total current liabilities held for sale $ 22,008
Long-term debt $ 16,221
Other liabilities 44,579
Total non-current liabilities held for sale $ 60,800
Continuing cash flows from discontinued operations are not expected to be material.
The remaining balance sheet information related to NID was not material at December 31, 2012 and 2011. The
remaining balance sheet information related to OralDNA was not material at December 31, 2012.
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED
(dollars in thousands unless otherwise indicated)