Quest Diagnostics Incorporated (DGX) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 PLAZA DRIVE
SECAUCUS, NJ 07094
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8071 - Medical Laboratories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6863158721,1581,192135
Cash and cash equivalents6863158721,1581,192135
Receivables1,2101,1951,4381,5201,0631,012
Inventory, net of allowances, customer advances and progress billings19019220822312399
Inventory19019220822312399
Prepaid expense 4826362314
Other undisclosed current assets238170187155109130
Total current assets:2,3721,8982,7413,0582,4901,390
Noncurrent Assets
Operating lease, right-of-use asset602585597604518
Property, plant and equipment1,8161,7661,7071,6271,4531,288
Long-term investments and receivables135132141521482436
Long-term investments135132141521482436
Intangible assets, net (including goodwill)8,8998,3128,2628,0407,7407,770
Goodwill7,7337,2207,0956,8736,6196,563
Intangible assets, net (excluding goodwill)1,1661,0921,1671,1671,1211,207
Other noncurrent assets198144163176160119
Total noncurrent assets:11,65010,93910,87010,96810,3539,613
TOTAL ASSETS:14,02212,83713,61114,02612,84311,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3591,3961,6001,6331,0411,021
Interest and dividends payable100102116118
Taxes payable10432717
Employee-related liabilities518502287249
Accounts payable 378324357446263222
Accrued liabilities 287392460356223274
Other undisclosed accounts payable and accrued liabilities694680155184125141
Debt304444949464
Other undisclosed current liabilities152151149139  
Total current liabilities:1,8151,5511,7531,7761,9901,485
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,4103,9784,0104,0133,9663,429
Long-term debt, excluding current maturities 4,4103,9784,0104,0133,9663,429
Finance lease, liability 67322530
Other undisclosed long-term debt and lease obligation(6)(7)(526)(524)(443) 
Liabilities, other than long-term debt1,3791,301792847711745
Other liabilities876812792847711745
Operating lease, liability503489494499413
Other undisclosed noncurrent liabilities   494499413 
Total noncurrent liabilities:5,7895,2795,2965,3595,0904,174
Total liabilities:7,6046,8307,0497,1357,0805,659
Temporary equity, carrying amount767779827677
Equity
Equity, attributable to parent6,3075,8936,4446,7595,6415,216
Common stock222222
Treasury stock, value(4,826)(4,673)(3,453)(5,366)(5,218)(4,996)
Additional paid in capital2,3202,2952,2602,8412,7222,667
Accumulated other comprehensive loss(14)(21)(14)(21)(39)(59)
Retained earnings8,8258,2907,6499,3038,1747,602
Equity, attributable to noncontrolling interest353739504651
Total equity:6,3425,9306,4836,8095,6875,267
TOTAL LIABILITIES AND EQUITY:14,02212,83713,61114,02612,84311,003

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues9,2529,88310,7889,4377,7267,531
Revenue, net7,531
Cost of revenue(6,199)(6,450)(6,579)(5,804)(5,037)(4,926)
Gross profit:3,0533,4334,2093,6332,6892,605
Operating expenses(1,750)(1,994)(1,830)(1,653)(1,553)(1,518)
Other operating income (expense), net(41)(11)2(9)9514
Operating income:1,2621,4282,3811,9711,2311,101
Nonoperating income (expense)(132)(193)218(87)(155)(175)
Other nonoperating income (expense)20(55)3697620(8)
Interest and debt expense(163)(148)(152)(166)(180)(169)
Other undisclosed income from continuing operations before equity method investments, income taxes163148152166180169
Income from continuing operations before equity method investments, income taxes:1,1301,2352,5991,8841,076926
Income from equity method investments264478755744
Income from continuing operations before income taxes:1,1561,2792,6771,9591,133970
Income tax expense(248)(264)(597)(460)(247)(182)
Income from continuing operations:9081,0152,0801,499886788
Income before gain (loss) on sale of properties:2,0801,499906788
Income from discontinued operations     20 
Net income:9081,0152,0801,499906788
Net loss attributable to noncontrolling interest(54)(69)(85)(68)(48)(52)
Net income attributable to parent:8549461,9951,431858736
Other undisclosed net loss available to common stockholders, basic      (3)
Net income available to common stockholders, diluted:8549461,9951,431858733

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:9081,0152,0801,499906788
Other comprehensive income (loss)7(7)71820(9)
Comprehensive income:9151,0082,0871,517926779
Comprehensive loss, net of tax, attributable to noncontrolling interest(54)(69)(85)(68)(48)(52)
Comprehensive income, net of tax, attributable to parent:8619392,0021,449878727

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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