Quest Diagnostics 2015 Annual Report Download - page 77
Download and view the complete annual report
Please find page 77 of the 2015 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.-
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
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
 |
 |
F- 2
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2015 AND 2014
(in millions, except per share data)
2015 2014
Assets
Current assets:
Cash and cash equivalents $ 133 $ 192
Accounts receivable, net of allowance for doubtful accounts of $254 and $250 at December 31,
2015 and 2014, respectively 901 932
Inventories 84 110
Deferred income taxes — 169
Prepaid expenses and other current assets 207 186
Assets held for sale 176 14
Total current assets 1,501 1,603
Property, plant and equipment, net 925 933
Goodwill 5,905 6,032
Intangible assets, net 984 1,071
Investment in equity method investees 473 46
Other assets 174 172
Total assets $ 9,962 $ 9,857
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses $ 1,014 $ 1,191
Current portion of long-term debt 159 518
Total current liabilities 1,173 1,709
Long-term debt 3,492 3,224
Other liabilities 514 594
Commitments and contingencies
Redeemable noncontrolling interest 70 —
Stockholders’ equity:
Quest Diagnostics stockholders’ equity:
Common stock, par value $0.01 per share; 600 shares authorized at both December 31, 2015
and 2014; 216 shares and 215 shares issued at December 31, 2015 and 2014, respectively 2 2
Additional paid-in capital 2,481 2,418
Retained earnings 6,199 5,723
Accumulated other comprehensive loss (38)(27)
Treasury stock, at cost; 73 shares and 71 shares at December 31, 2015 and 2014, respectively (3,960)(3,815)
Total Quest Diagnostics stockholders’ equity 4,684 4,301
Noncontrolling interests 29 29
Total stockholders’ equity 4,713 4,330
Total liabilities and stockholders’ equity $ 9,962 $ 9,857
The accompanying notes are an integral part of these statements.
QUEST DIAGNOSTICS 2015 ANNUAL REPORT ON FORM 10-K