XML 82 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net revenues $ 1,956 $ 1,889 $ 5,800 $ 5,692
Operating costs and expenses and other operating income:        
Cost of services 1,264 1,222 3,773 3,691
Selling, general and administrative 362 354 1,108 1,068
Amortization of intangible assets 23 22 72 66
Other operating income, net (6) (13) (21) (14)
Total operating costs and expenses, net 1,643 1,585 4,932 4,811
Operating income 313 304 868 881
Other income (expense):        
Interest expense, net (44) (41) (133) (124)
Other income, net 1 3 13 2
Total non-operating expenses, net (43) (38) (120) (122)
Income from continuing operations before income taxes and equity in earnings of equity method investees 270 266 748 759
Income tax expense (62) (48) (175) (142)
Equity in earnings of equity method investees, net of taxes 18 9 48 32
Income from continuing operations 226 227 621 649
Income from discontinued operations, net of taxes 0 0 20 0
Net income 226 227 641 649
Less: Net income attributable to noncontrolling interests 11 14 36 40
Net income attributable to Quest Diagnostics 215 213 605 609
Amounts attributable to Quest Diagnostics’ common stockholders:        
Income from continuing operations 215 213 585 609
Income from discontinued operations, net of taxes 0 0 20 0
Net income attributable to Quest Diagnostics $ 215 $ 213 $ 605 $ 609
Earnings per share attributable to Quest Diagnostics’ common stockholders - basic:        
Income from continuing operations (in dollars per share) $ 1.59 $ 1.56 $ 4.33 $ 4.46
Income from discontinued operations (in dollars per share) 0 0 0.15 0
Net income (in dollars per share) 1.59 1.56 4.48 4.46
Earnings per share attributable to Quest Diagnostics’ common stockholders - diluted:        
Income from continuing operations (in dollars per share) 1.56 1.53 4.27 4.37
Income from discontinued operations (in dollars per share) 0 0 0.15 0
Net income (in dollars per share) $ 1.56 $ 1.53 $ 4.42 $ 4.37
Weighted average common shares outstanding:        
Basic (in Shares) 135 136 135 136
Diluted (in Shares) 137 139 136 139