 |
|
|
|
| |
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED(dollars in thousands unless otherwise indicated)
Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2003
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues...................................................... |
$ 791,399 |
$3,709,590 |
$467,559 |
$(230,590) |
$4,737,958 |
|
Operating costs and expenses: |
|
|
|
|
|
|
Cost
of services............................................... |
457,819 |
2,147,387 |
163,417 |
- |
2,768,623 |
|
Selling,
general and administrative............... |
76,626 |
880,951 |
223,762 |
(15,639) |
1,165,700 |
|
Amortization
of intangible assets................. |
1,723 |
6,461 |
17 |
- |
8,201 |
|
Royalty
(income) expense.............................. |
(308,495) |
308,495 |
- |
- |
- |
|
Other
operating (income) expense, net........ |
119 |
(2,197) |
1,058 |
- |
(1,020) |
|
Total
operating costs and expenses.......... |
227,792 |
3,341,097 |
388,254 |
(15,639) |
3,941,504 |
|
Operating income.............................................. |
563,607 |
368,493 |
79,305 |
(214,951) |
796,454 |
|
Non-operating expenses, net.......................... |
(65,689) |
(202,146) |
(5,772) |
214,951 |
(58,656) |
|
Income before taxes.......................................... |
497,918 |
166,347 |
73,533 |
- |
737,798 |
|
Income tax expense........................................... |
204,795 |
66,539 |
29,747 |
- |
301,081 |
|
Income before equity earnings........................ |
293,123 |
99,808 |
43,786 |
- |
436,717 |
|
Equity earnings from subsidiaries.................. |
143,594 |
- |
- |
(143,594) |
- |
|
Net income......................................................... |
$ 436,717 |
$ 99,808 |
$ 43,786 |
$(143,594) |
$ 436,717 |
Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2002
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues...................................................... |
$ 749,268 |
$ 3,143,063 |
$483,637 |
$(267,917) |
$ 4,108,051 |
|
Operating costs and expenses: |
|
|
|
|
|
|
Cost
of services............................................... |
477,683 |
1,804,150 |
150,555 |
- |
2,432,388 |
|
Selling,
general and administrative............... |
167,736 |
663,560 |
258,667 |
(15,122) |
1,074,841 |
|
Amortization
of intangible assets................. |
2,154 |
6,219 |
- |
- |
8,373 |
|
Royalty
(income) expense.............................. |
(246,687) |
246,687 |
- |
- |
- |
|
Other
operating (income) expense, net........ |
2,527 |
(923) |
(1,297) |
- |
307 |
|
Total
operating costs and expenses.......... |
403,413 |
2,719,693 |
407,925 |
(15,122) |
3,515,909 |
|
Operating income.............................................. |
345,855 |
423,370 |
75,712 |
(252,795) |
592,142 |
|
Non-operating expenses, net.......................... |
(73,700) |
(220,396) |
(8,464) |
252,795 |
(49,765) |
|
Income before taxes......................................... |
272,155 |
202,974 |
67,248 |
- |
542,377 |
|
Income tax expense.......................................... |
109,337 |
81,190 |
29,696 |
- |
220,223 |
|
Income before equity earnings...................... |
162,818 |
121,784 |
37,552 |
- |
322,154 |
|
Equity earnings from subsidiaries................. |
159,336 |
- |
- |
(159,336) |
- |
|
Net income........................................................ |
$ 322,154 |
$ 121,784 |
$ 37,552 |
$(159,336) |
$ 322,154 |
|
| |
Previous Next |
| |
|
|
