Quest Diagnostics 2014 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2014 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 121

  • 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

 

Year Ended December 31,
2014 2013 2012 2011 2010
GROODUVLQPLOOLRQV
Balance Sheet Data (at end of year): DE FG HI JK L
&DVKDQGFDVKHTXLYDOHQWV          
7RWDODVVHWV     
/RQJWHUPGHEW     
7RWDOGHEW     
Other Data:
1HWFDVKSURYLGHGE\RSHUDWLQJDFWLYLWLHV         
1HWFDVKXVHGLQSURYLGHGE\LQYHVWLQJDFWLYLWLHV     
1HWFDVKSURYLGHGE\XVHGLQILQDQFLQJDFWLYLWLHV     
&DSLWDOH[SHQGLWXUHV     
3XUFKDVHVRIWUHDVXU\VWRFN     
D 2Q0DUFKZHFRPSOHWHGWKHDFTXLVLWLRQRI6ROVWDV/DE3DUWQHUV*URXS6ROVWDV2Q$SULOZH
FRPSOHWHGWKHDFTXLVLWLRQRI6XPPLW+HDOWK,QF6XPPLW+HDOWK2Q$SULOZHFRPSOHWHGWKHDFTXLVLWLRQRI
WKHRXWUHDFKODERUDWRU\VHUYLFHRSHUDWLRQVRI6WHZDUG+HDOWKFDUH//&6WHZDUG&RQVROLGDWHGRSHUDWLQJUHVXOWVIRU
LQFOXGHWKHUHVXOWVRIRSHUDWLRQVRI6ROVWDV6XPPLW+HDOWKDQG6WHZDUGVXEVHTXHQWWRWKHFORVLQJRIWKHDSSOLFDEOH
DFTXLVLWLRQ6HH1RWHWRWKHFRQVROLGDWHGILQDQFLDOVWDWHPHQWV
E 2SHUDWLQJLQFRPHLQFOXGHVSUHWD[FKDUJHVPLOOLRQSULPDULO\DVVRFLDWHGZLWKZRUNIRUFHUHGXFWLRQVDQGSURIHVVLRQDO
IHHVLQFXUUHGLQFRQQHFWLRQZLWKIXUWKHUUHVWUXFWXULQJDQGLQWHJUDWLQJRXUEXVLQHVV,QDGGLWLRQRSHUDWLQJLQFRPHLQFOXGHV
SUHWD[FKDUJHVRIPLOOLRQSULQFLSDOO\DVVRFLDWHGZLWKFRVWVUHODWHGWROHJDOPDWWHUVSDUWLDOO\RIIVHWE\DSUHWD[JDLQRI
PLOOLRQDVVRFLDWHGZLWKDGHFUHDVHLQWKHIDLUYDOXHRIWKHFRQWLQJHQWFRQVLGHUDWLRQDFFUXDODVVRFLDWHGZLWKRXU6XPPLW
+HDOWKDFTXLVLWLRQ
,QFRPHIURPFRQWLQXLQJRSHUDWLRQVLQFOXGHVGLVFUHWHLQFRPHWD[EHQHILWVRIPLOOLRQDVVRFLDWHGZLWKWKHIDYRUDEOH
UHVROXWLRQRIFHUWDLQWD[FRQWLQJHQFLHV
F 2Q-DQXDU\ZHFRPSOHWHGWKHDFTXLVLWLRQRIWKHFOLQLFDORXWUHDFKDQGDQDWRPLFSDWKRORJ\EXVLQHVVHVRI80DVV
0HPRULDO0HGLFDO&HQWHU80DVV2Q0D\ZHFRPSOHWHGWKHDFTXLVLWLRQRIWKHWR[LFRORJ\DQGFOLQLFDO
ODERUDWRU\EXVLQHVVRI$GYDQFHG7R[LFRORJ\1HWZRUN$71IURP&RQFHQWUDDVXEVLGLDU\RI+XPDQD,QF2Q-XQH
ZHFRPSOHWHGWKHDFTXLVLWLRQRIFHUWDLQODEUHODWHGFOLQLFDORXWUHDFKVHUYLFHRSHUDWLRQVRI'LJQLW\+HDOWK
'LJQLW\DKRVSLWDOV\VWHPLQ&DOLIRUQLD2Q2FWREHUZHFRPSOHWHGWKHDFTXLVLWLRQRI&RQ9HUJH'LDJQRVWLF
6HUYLFHV//&&RQ9HUJHDOHDGLQJIXOOVHUYLFHODERUDWRU\SURYLGLQJFOLQLFDOF\WRORJ\DQGDQDWRPLFSDWKRORJ\WHVWLQJ
VHUYLFHVWRSDWLHQWVSK\VLFLDQVDQGKRVSLWDOVLQ1HZ(QJODQG&RQVROLGDWHGRSHUDWLQJUHVXOWVIRULQFOXGHWKHUHVXOWV
RIRSHUDWLRQVRI80DVV$71'LJQLW\DQG&RQ9HUJHVXEVHTXHQWWRWKHFORVLQJRIWKHDSSOLFDEOHDFTXLVLWLRQ6HH1RWHWR
WKHFRQVROLGDWHGILQDQFLDOVWDWHPHQWV
G 2SHUDWLQJLQFRPHLQFOXGHVSUHWD[FKDUJHVRIPLOOLRQSULPDULO\DVVRFLDWHGZLWKZRUNIRUFHUHGXFWLRQVDQG
SURIHVVLRQDOIHHVLQFXUUHGLQFRQQHFWLRQZLWKIXUWKHUUHVWUXFWXULQJDQGLQWHJUDWLQJRXUEXVLQHVV,QDGGLWLRQRSHUDWLQJ
LQFRPHLQFOXGHVDSUHWD[JDLQRQVDOHRIUR\DOW\ULJKWVRIPLOOLRQDQGDSUHWD[ORVVRIPLOOLRQDVVRFLDWHGZLWK
WKHVDOHRIWKH(QWHUL[)RUIXUWKHUGHWDLOVUHJDUGLQJWKHVDOHRIUR\DOW\ULJKWVDQG(QWHUL[VHH1RWHWRWKHFRQVROLGDWHG
ILQDQFLDOVWDWHPHQWV
,QFRPHORVVIURPGLVFRQWLQXHGRSHUDWLRQVQHWRIWD[HVLQFOXGHVDJDLQRIPLOOLRQLQFOXGLQJIRUHLJQFXUUHQF\
WUDQVODWLRQDGMXVWPHQWVSDUWLDOO\RIIVHWE\LQFRPHWD[H[SHQVHDQGWUDQVDFWLRQFRVWVDVVRFLDWHGZLWKWKHVDOHRI+HPR&XH
,QDGGLWLRQLQFRPHORVVIURPGLVFRQWLQXHGRSHUDWLRQVQHWRIWD[HVLQFOXGHVGLVFUHWHWD[EHQHILWVRIPLOOLRQ
DVVRFLDWHGZLWKIDYRUDEOHUHVROXWLRQRIFHUWDLQWD[FRQWLQJHQFLHVUHODWHGWRRXU1,'EXVLQHVV6HH1RWHWRWKH
FRQVROLGDWHGILQDQFLDOVWDWHPHQWV
 1HWFDVKSURYLGHGE\RSHUDWLQJDFWLYLWLHVLQFOXGHVLQFRPHWD[SD\PHQWVRIPLOOLRQDVVRFLDWHGZLWKWKHVDOHRIUR\DOW\
ULJKWV,QDGGLWLRQLWLQFOXGHVDSSUR[LPDWHO\PLOOLRQRILQFRPHWD[SD\PHQWVZKLFKZHUHGHIHUUHGIURPWKHIRXUWK
48(67',$*1267,&6)250.