Quest Diagnostics 2015 Annual Report Download - page 81
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F- 6
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2015, 2014 AND 2013
(in millions)
Quest Diagnostics Stockholders’ Equity
Shares of
Common
Stock Out-
standing Common
Stock
Additional
Paid-In
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock, at
Cost
Non-
controlling
Interests
Total Stock-
holders’
Equity
Redeemable
Non-
controlling
Interest
Balance, December 31, 2012 158 $ 2 $ 2,371 $ 4,690 $ 14 $ (2,914) $ 23 $ 4,186 $—
Net income 849 34 883
Other comprehensive loss, net of tax (22) (22)
Dividends declared (181) (181)
Distributions to noncontrolling
interests (32) (32)
Issuance of common stock under
benefit plans 1 3 17 20
Stock-based compensation expense 24 4 28
Exercise of stock options 3 (9) 147 138
Shares to cover employee payroll tax
withholdings on stock issued
under benefit plans (1) (11) (11)
Tax benefits associated with stock-
based compensation plans 1 1
Purchases of treasury stock (17) (1,037) (1,037)
Balance, December 31, 2013 144 $ 2 $ 2,379 $ 5,358 $ (8) $ (3,783) $ 25 $ 3,973 $—
Net income 556 36 592
Other comprehensive loss, net of tax (19) (19)
Dividends declared (191) (191)
Distributions to noncontrolling
interests (31) (31)
Issuance of common stock under
benefit plans 1 2 17 19
Stock-based compensation expense 48 3 51
Exercise of stock options 1 (2) 80 78
Shares to cover employee payroll tax
withholdings on stock issued
under benefit plans (6) (6)
Tax benefits associated with stock-
based compensation plans (3) (3)
Purchases of treasury stock (2) (132)(132)
Other (1)(1)
Balance, December 31, 2014 144 $ 2 $ 2,418 $ 5,723 $ (27) $ (3,815) $ 29 $ 4,330 $—
Net income 709 42 751 2
Other comprehensive loss, net of tax (11) (11)
Dividends declared (219) (219)
Distributions to noncontrolling
interests (42) (42)
Issuance of common stock under
benefit plans 1 6 15 21
Stock-based compensation expense 48 4 52
Exercise of stock options 1 60 60
Shares to cover employee payroll tax
withholdings on stock issued
under benefit plans (7) (7)
Tax benefits associated with stock-
based compensation plans 5 5
Purchases of treasury stock (3) (224)(224)
Sale of redeemable noncontrolling
interest 11 11 54
Adjustment to fair value (14) (14)14
Balance, December 31, 2015 143 $ 2 $ 2,481 $ 6,199 $ (38) $ (3,960) $ 29 $ 4,713 $70
The accompanying notes are an integral part of these statements.
QUEST DIAGNOSTICS 2015 ANNUAL REPORT ON FORM 10-K