Quest Diagnostics 2014 Annual Report Download - page 65

 

6WRFNUHSXUFKDVHSURJUDP3XUVXDQWWRWKHVH$65VZHUHFHLYHGPLOOLRQVKDUHVRIRXUFRPPRQVWRFNDWDILQDOSULFHRI
SHUVKDUHDQGPLOOLRQVKDUHVRIRXUFRPPRQVWRFNDWDILQDOSULFHRISHUVKDUHUHVSHFWLYHO\)RUIXUWKHU
GHWDLOVVHH1RWHWRWKHFRQVROLGDWHGILQDQFLDOVWDWHPHQWV
 ,QDGGLWLRQWRWKH$65VSUHYLRXVO\GLVFXVVHGZHUHSXUFKDVHGVKDUHVRIRXUFRPPRQVWRFNRQWKHRSHQPDUNHWLQ
)RUWKH\HDUHQGHG'HFHPEHUZHUHSXUFKDVHGPLOOLRQVKDUHVRIRXUFRPPRQVWRFNDWDQDYHUDJHSULFHRI
SHUVKDUHIRUDWRWDORIPLOOLRQRQWKHRSHQPDUNHW
 )RUWKH\HDUHQGHG'HFHPEHUZHUHSXUFKDVHGPLOOLRQVKDUHVRIRXUFRPPRQVWRFNDWDQDYHUDJHSULFHRI
SHUVKDUHIRUPLOOLRQ

Contractual Obligations and Commitments
 7KHIROORZLQJWDEOHVXPPDUL]HVFHUWDLQRIRXUFRQWUDFWXDOREOLJDWLRQVDVRI'HFHPEHU
Payments due by period
(in millions)
Contractual Obligations Total
Less than
1 year 1-3 years 3-5 years After 5 years
2XWVWDQGLQJGHEW          
&DSLWDOOHDVHREOLJDWLRQV     
,QWHUHVWSD\PHQWVRQRXWVWDQGLQJGHEW     
2SHUDWLQJOHDVHV     
3XUFKDVHREOLJDWLRQV     
0HUJHUFRQVLGHUDWLRQREOLJDWLRQ     ²
7RWDOFRQWUDFWXDOREOLJDWLRQV          
 ,QWHUHVWSD\PHQWVRQRXUORQJWHUPGHEWKDYHEHHQFDOFXODWHGDIWHUJLYLQJHIIHFWWRRXULQWHUHVWUDWHVZDSDJUHHPHQWV
XVLQJWKHLQWHUHVWUDWHVDVRI'HFHPEHUDSSOLHGWRWKH'HFHPEHUEDODQFHVZKLFKDUHDVVXPHGWRUHPDLQ
RXWVWDQGLQJWKURXJKWKHLUPDWXULW\GDWHV
 $IXOOGHVFULSWLRQRIWKHWHUPVRIRXULQGHEWHGQHVVDQGUHODWHGGHEWVHUYLFHUHTXLUHPHQWVDQGRXUIXWXUHSD\PHQWV
XQGHUFHUWDLQRIRXUFRQWUDFWXDOREOLJDWLRQVLVFRQWDLQHGLQ1RWHWRWKHFRQVROLGDWHGILQDQFLDOVWDWHPHQWV$IXOOGLVFXVVLRQ
DQGDQDO\VLVUHJDUGLQJRXUPLQLPXPUHQWDOFRPPLWPHQWVXQGHUQRQFDQFHODEOHRSHUDWLQJOHDVHVDQGQRQFDQFHODEOH
FRPPLWPHQWVWRSXUFKDVHSURGXFWRUVHUYLFHVDW'HFHPEHULVFRQWDLQHGLQ1RWHWRWKHFRQVROLGDWHGILQDQFLDO
VWDWHPHQWV0HUJHUFRQVLGHUDWLRQREOLJDWLRQLQFOXGHVFRQVLGHUDWLRQRZHGLQFOXGLQJDQ\FRQWLQJHQWFRQVLGHUDWLRQDWPD[LPXP
SD\RXWRQWKH80DVV6XPPLW+HDOWKDQG6WHZDUGDFTXLVLWLRQV$IXOOGLVFXVVLRQDQGDQDO\VLVUHJDUGLQJRXUDFTXLVLWLRQVRI
80DVV6XPPLW+HDOWKDQG6WHZDUGDQGWKHUHODWHGPHUJHUFRQVLGHUDWLRQREOLJDWLRQVDVRI'HFHPEHULVFRQWDLQHGLQ
1RWHWRWKHFRQVROLGDWHGILQDQFLDOVWDWHPHQWV
 $VRI'HFHPEHURXUWRWDOOLDELOLWLHVDVVRFLDWHGZLWKXQUHFRJQL]HGWD[EHQHILWVZHUHDSSUR[LPDWHO\
PLOOLRQZKLFKZHUHH[FOXGHGIURPWKHWDEOHDERYH:HEHOLHYHLWLVUHDVRQDEO\SRVVLEOHWKDWWKHVHOLDELOLWLHVPD\GHFUHDVHE\
XSWRDSSUR[LPDWHO\PLOOLRQZLWKLQWKHQH[WWZHOYHPRQWKVSULPDULO\DVDUHVXOWRISD\PHQWVVHWWOHPHQWVDQGRUWKH
FRQFOXVLRQRIWD[H[DPLQDWLRQVRQFHUWDLQWD[SRVLWLRQV)RUWKHUHPDLQGHUZHFDQQRWPDNHUHDVRQDEO\UHOLDEOHHVWLPDWHVRI
WKHWLPLQJRIWKHIXWXUHSD\PHQWVRIWKHVHOLDELOLWLHV$GGLWLRQDOO\LWLVUHDVRQDEO\SRVVLEOHWKDWZLWKLQWKHQH[WPRQWKVDV
UHVXOWRIRQJRLQJQHJRWLDWLRQVZLWKWD[DXWKRULWLHVDQGWKHH[SLUDWLRQRIVWDWXWHVRIOLPLWDWLRQVRXUWRWDOOLDELOLWLHVDVVRFLDWHG
ZLWKXQUHFRJQL]HGWD[EHQHILWVZLOOIXUWKHUGHFUHDVHDQGEHQHILFLDOO\LPSDFWWKHHIIHFWLYHWD[UDWHIRUFRQWLQXLQJRSHUDWLRQV
+RZHYHUGXHWRWKHLQKHUHQWXQFHUWDLQW\RIWKHQHJRWLDWLRQVDQGWKHUHVXOWLQJRXWFRPHVZHDUHQRWDEOHWRHVWLPDWHWKH
HIIHFWLYHWD[UDWHLPSDFWDWWKLVWLPH6HH1RWHWRWKHFRQVROLGDWHGILQDQFLDOVWDWHPHQWVIRULQIRUPDWLRQUHJDUGLQJRXU
FRQWLQJHQWWD[OLDELOLW\UHVHUYHV

 2XUFUHGLWDJUHHPHQWVFRQWDLQYDULRXVFRYHQDQWVDQGFRQGLWLRQVLQFOXGLQJWKHPDLQWHQDQFHRIFHUWDLQILQDQFLDOUDWLRV
WKDWFRXOGLPSDFWRXUDELOLW\WRDPRQJRWKHUWKLQJVLQFXUDGGLWLRQDOLQGHEWHGQHVV$VRI'HFHPEHUZHZHUHLQ
FRPSOLDQFHZLWKWKHYDULRXVILQDQFLDOFRYHQDQWVLQFOXGHGLQRXUFUHGLWDJUHHPHQWVDQGZHGRQRWH[SHFWWKHVHFRYHQDQWVWR
DGYHUVHO\LPSDFWRXUDELOLW\WRH[HFXWHRXUJURZWKVWUDWHJ\RUFRQGXFWQRUPDOEXVLQHVVRSHUDWLRQV

48(67',$*1267,&6)250.