Quest Diagnostics 2012 Annual Report Download - page 75
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F- 2
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2012 AND 2011
(in thousands, except per share data)
2012 2011
Assets
Current assets:
Cash and cash equivalents $ 295,586 $ 164,886
Accounts receivable, net of allowance for doubtful accounts of $235,747 and $237,339 at
December 31, 2012 and 2011, respectively 867,010 906,455
Inventories 93,050 89,132
Deferred income taxes 174,209 153,328
Prepaid expenses and other current assets 90,950 87,459
Current assets held for sale 40,192 —
Total current assets 1,560,997 1,401,260
Property, plant and equipment, net 755,831 799,771
Goodwill 5,535,848 5,795,765
Intangible assets, net 872,172 1,035,612
Other assets 204,631 280,971
Non-current assets held for sale 354,384 —
Total assets $ 9,283,863 $ 9,313,379
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses $ 1,016,191 $ 906,764
Short-term borrowings and current portion of long-term debt 9,404 654,395
Current liabilities held for sale 22,008 —
Total current liabilities 1,047,603 1,561,159
Long-term debt 3,354,173 3,370,522
Other liabilities 635,558 666,699
Non-current liabilities held for sale 60,800 —
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, 2012 and 2011; 215,075 shares and 214,607 shares issued at December 31, 2012
and 2011, respectively 2,151 2,146
Additional paid-in capital 2,370,677 2,347,518
Retained earnings 4,690,378 4,263,599
Accumulated other comprehensive income (loss) 14,320 (8,067)
Treasury stock, at cost; 56,744 shares and 57,187 shares at December 31, 2012 and 2011,
respectively (2,914,479)(2,912,324)
Total Quest Diagnostics stockholders’ equity 4,163,047 3,692,872
Noncontrolling interests 22,682 22,127
Total stockholders’ equity 4,185,729 3,714,999
Total liabilities and stockholders’ equity $ 9,283,863 $ 9,313,379
The accompanying notes are an integral part of these statements.