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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and cash equivalents $ 184,218 $ 449,301
Accounts receivable, net of allowance for doubtful accounts of $244,156 and $228,917 at June 30, 2011 and December 31, 2010, respectively 929,372 845,299
Inventories 87,967 76,572
Deferred income taxes 166,739 142,470
Prepaid expenses and other current assets 109,659 91,775
Total current assets 1,477,955 1,605,417
Property, plant and equipment, net 820,593 834,376
Goodwill 5,816,969 5,101,938
Intangible assets, net 1,082,171 796,405
Other assets 233,503 189,494
Total assets 9,431,191 8,527,630
Liabilities and Stockholders' Equity    
Accounts payable and accrued expenses 998,682 865,272
Short-term borrowings and current portion of long-term debt 994,675 348,996
Total current liabilities 1,993,357 1,214,268
Long-term debt 3,332,931 2,641,160
Other liabilities 654,307 618,077
Stockholders' equity:    
Common stock, par value $0.01 per share; 600,000 shares authorized at both June 30, 2011 and December 31, 2010; 214,597 shares and 214,173 shares issued at June 30, 2011 and December 31, 2010, respectively 2,146 2,142
Additional paid-in capital 2,317,074 2,311,421
Retained earnings 3,945,037 3,867,420
Accumulated other comprehensive income 34,043 10,626
Treasury stock, at cost; 56,385 shares and 43,456 shares at June 30, 2011 and December 31, 2010, respectively (2,869,150) (2,158,129)
Total Quest Diagnostics stockholders' equity 3,429,150 4,033,480
Noncontrolling interests 21,446 20,645
Total stockholders' equity 3,450,596 4,054,125
Total liabilities and stockholders' equity $ 9,431,191 $ 8,527,630