XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Income Statement [Abstract]    
Net revenues $ 1,936,456 $ 1,821,577
Operating costs and expenses:    
Cost of services 1,116,538 1,096,998
Selling, general and administrative 500,641 447,858
Amortization of intangible assets 20,231 9,849
Other operating (income) expense, net (539) 235,912
Total operating costs and expenses 1,636,871 1,790,617
Operating income 299,585 30,960
Other income (expense):    
Interest expense, net (42,333) (37,929)
Equity earnings in unconsolidated joint ventures 7,609 7,699
Other income, net 4,757 2,208
Total non-operating expenses, net (29,967) (28,022)
Income from continuing operations before taxes 269,618 2,938
Income tax expense 101,377 49,226
Income (loss) from continuing operations 168,241 (46,288)
Income (loss) from discontinued operations, net of taxes 274 (374)
Net income (loss) 168,515 (46,662)
Less: Net income attributable to noncontrolling interests 9,397 7,199
Net income (loss) attributable to Quest Diagnostics 159,118 (53,861)
Amounts attributable to Quest Diagnostics' stockholders:    
Income (loss) from continuing operations 158,844 (53,487)
Income (loss) from discontinued operations, net of taxes 274 (374)
Net income (loss) attributable to Quest Diagnostics $ 159,118 $ (53,861)
Earnings (loss) per share attributable to Quest Diagnostics' common stockholders - basic:    
Income (loss) from continuing operations $ 1.00 $ (0.33)
Income (loss) from discontinued operations, per basic share $ 0.00 $ 0.00
Net income (loss) $ 1.00 $ (0.33)
Earnings (loss) per share attributable to Quest Diagnostics' common stockholders - diluted:    
Income (loss) from continuing operations $ 0.99 $ (0.33)
Income (loss) from discontinued operations, per diluted share $ 0.00 $ 0.00
Net income (loss) $ 0.99 $ (0.33)
Weighted average common shares outstanding:    
Basic 158,293 161,489
Diluted 159,706 161,489
Dividends per common share $ 0.17 $ 0.10