XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
Net revenues $ 7,146 [1] $ 7,383 [1] $ 7,392
Operating costs and expenses:      
Cost of services 4,326 4,365 4,363
Selling, general and administrative 1,704 1,745 1,743
Amortization of intangible assets 79 75 61
Gain on sale of royalty rights (474) 0 0
Other operating expense (income), net 36 (3) 238
Total operating costs and expenses 5,671 6,182 6,405
Operating income 1,475 1,201 987
Other income (expense):      
Interest expense, net (159) (165) (170)
Equity in earnings of equity method investees 24 26 29
Other income, net 8 6 3
Total non-operating expenses, net (127) (133) (138)
Income from continuing operations before taxes 1,348 1,068 849
Income tax expense 500 402 355
Income from continuing operations 848 [1] 666 [1] 494
Income (loss) from discontinued operations, net of taxes 35 [1] (74) [1] 12
Net income 883 [1] 592 [1] 506
Less: Net income attributable to noncontrolling interests 34 [1] 36 [1] 35
Net income attributable to Quest Diagnostics 849 [1] 556 [1] 471
Amounts attributable to Quest Diagnostics' stockholders:      
Income from continuing operations 814 [1] 630 [1] 459
Income (loss) from discontinued operations, net of taxes 35 (74) 12
Net income attributable to Quest Diagnostics $ 849 [1] $ 556 [1] $ 471
Earnings per share attributable to Quest Diagnostics' common stockholders - basic:      
Income from continuing operations $ 5.35 [1] $ 3.96 [1] $ 2.88
Income (loss) from discontinued operations, per basic share $ 0.23 [1] $ (0.47) [1] $ 0.07
Net income $ 5.58 [1] $ 3.49 [1] $ 2.95
Earnings per share attributable to Quest Diagnostics' common stockholders - diluted:      
Income from continuing operations $ 5.31 [1] $ 3.92 [1] $ 2.85
Income (loss) from discontinued operations, per diluted share $ 0.23 [1] $ (0.46) [1] $ 0.07
Net income $ 5.54 [1] $ 3.46 [1] $ 2.92
Dividends per common share $ 1.20 $ 0.81 $ 0.47
[1] In December 2012, the Company committed to a plan to sell HemoCue and completed the sale of OralDNA. During the third quarter of 2006, the Company completed its wind down of NID and classified the operations of NID as discontinued operations. Results of operations have been prepared to report the results of HemoCue, OralDNA and NID as discontinued operations for all periods presented (see Note 19).