Quest Diagnostics 2014 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 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

 

 7KHIROORZLQJWDEOHVHWVIRUWKFHUWDLQUHVXOWVRIFRQWLQXLQJRSHUDWLRQVGDWDDVDSHUFHQWDJHRIQHWUHYHQXHVIRUWKH
SHULRGVSUHVHQWHG
2014 2013 2012
Net revenues:
',6EXVLQHVV   
'6EXVLQHVVHV   
7RWDOQHWUHYHQXHV   
Operating costs and expenses: 
&RVWRIVHUYLFHV   
6HOOLQJJHQHUDODQGDGPLQLVWUDWLYH   
$PRUWL]DWLRQRILQWDQJLEOHDVVHWV   
*DLQRQVDOHRIUR\DOW\ULJKWV ² ²
2WKHURSHUDWLQJLQFRPHH[SHQVHQHW   ²
7RWDORSHUDWLQJFRVWVDQGH[SHQVHV   
Operating income   
Bad debt as a percentage of net revenues   
Continuing Operations
 5HVXOWVIRUWKH\HDUHQGHG'HFHPEHUZHUHDIIHFWHGE\FHUWDLQLWHPVWKDWLPSDFWHGHDUQLQJVSHUGLOXWHGVKDUH
E\'XULQJWKH\HDUHQGHG'HFHPEHUZHUHFRUGHGSUHWD[FKDUJHVRIPLOOLRQRUSHUGLOXWHGVKDUH
UHODWHGWRUHVWUXFWXULQJFRVWVSULPDULO\DVVRFLDWHGZLWKZRUNIRUFHUHGXFWLRQVLQWHJUDWLRQFRVWVDVVRFLDWHGZLWKDFTXLVLWLRQVDQG
SURIHVVLRQDOIHHVDVVRFLDWHGZLWKWKHIXUWKHUUHVWUXFWXULQJRIRXUEXVLQHVVPLOOLRQLQFRVWRIVHUYLFHVPLOOLRQLQ
VHOOLQJJHQHUDODQGDGPLQLVWUDWLYHH[SHQVHVDQGPLOOLRQLQRWKHURSHUDWLQJLQFRPHH[SHQVHQHWDGLVFUHWHWD[EHQHILWRI
PLOOLRQRUSHUGLOXWHGVKDUHDVVRFLDWHGZLWKWKHIDYRUDEOHUHVROXWLRQRIFHUWDLQWD[FRQWLQJHQFLHVDQGSUHWD[
FKDUJHVRIPLOOLRQRUSHUGLOXWHGVKDUHSULPDULO\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
 5HVXOWVIRUWKH\HDUHQGHG'HFHPEHUZHUHDIIHFWHGE\FHUWDLQLWHPVWKDWLPSDFWHGHDUQLQJVSHUGLOXWHGVKDUH
E\'XULQJWKH\HDUHQGHG'HFHPEHUZHUHFRUGHGDSUHWD[JDLQRIPLOOLRQRUSHUGLOXWHGVKDUH
DVVRFLDWHGZLWKWKH,EUXWLQLE6DOHSUHWD[FKDUJHVRIPLOOLRQRUSHUGLOXWHGVKDUHUHODWHGWRUHVWUXFWXULQJFRVWV
SULPDULO\DVVRFLDWHGZLWKZRUNIRUFHUHGXFWLRQVLQWHJUDWLRQFRVWVDQGSURIHVVLRQDOIHHVDVVRFLDWHGZLWKIXUWKHUUHVWUXFWXULQJDQG
LQWHJUDWLQJRXUEXVLQHVVPLOOLRQLQFRVWRIVHUYLFHVDQGPLOOLRQLQVHOOLQJJHQHUDODQGDGPLQLVWUDWLYHH[SHQVHVDQGD
SUHWD[ORVVRIPLOOLRQRUSHUGLOXWHGVKDUHDVVRFLDWHGZLWKWKHVDOHRI(QWHUL[
 5HVXOWVIRUWKH\HDUHQGHG'HFHPEHUZHUHDIIHFWHGE\FHUWDLQLWHPVWKDWLPSDFWHGHDUQLQJVSHUGLOXWHGVKDUH
E\'XULQJWKH\HDUHQGHG'HFHPEHUZHLQFXUUHGSUHWD[FKDUJHVRIPLOOLRQRUSHUGLOXWHGVKDUH
SULPDULO\DVVRFLDWHGZLWKZRUNIRUFHUHGXFWLRQVDQGSURIHVVLRQDOIHHVDVVRFLDWHGZLWKIXUWKHUUHVWUXFWXULQJDQGLQWHJUDWLQJRXU
EXVLQHVVPLOOLRQLQFRVWRIVHUYLFHVDQGPLOOLRQLQVHOOLQJJHQHUDODQGDGPLQLVWUDWLYHH[SHQVHVDQGSUHWD[FKDUJHV
RIPLOOLRQRUSHUGLOXWHGVKDUHSULQFLSDOO\DVVRFLDWHGZLWKVHSDUDWLRQFRVWVDQGDFFHOHUDWHGYHVWLQJRIFHUWDLQHTXLW\
DZDUGVLQFRQQHFWLRQZLWKWKHVXFFHVVLRQRIRXUSULRU&(2
Net Revenues
 1HWUHYHQXHVIRUWKH\HDUHQGHG'HFHPEHUZHUHKLJKHUDVFRPSDUHGWRWKH\HDUHQGHG'HFHPEHU

 ',6UHYHQXHLQFUHDVHGE\IRUWKH\HDUHQGHG'HFHPEHUDVFRPSDUHGWRWKH\HDUHQGHG'HFHPEHU
5HFHQWDFTXLVLWLRQVFRQWULEXWHGDSSUR[LPDWHO\WR',6UHYHQXHJURZWK,QDGGLWLRQVL[QHZSURIHVVLRQDOODEVHUYLFHV
48(67',$*1267,&6)250
.