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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3158721,1581,192135195
Cash and cash equivalents3158721,1581,192135137
Short-term investments      58
Receivables1,1951,4381,5201,0631,012924
Inventory, net of allowances, customer advances and progress billings1922082231239995
Inventory1922082231239995
Prepaid expense 2636231437
Other undisclosed current assets17018715510913055
Total current assets:1,8982,7413,0582,4901,3901,306
Noncurrent Assets
Operating lease, right-of-use asset585597604518
Property, plant and equipment1,7661,7071,6271,4531,2881,145
Long-term investments and receivables132141521482436462
Long-term investments132141521482436462
Intangible assets, net (including goodwill)8,3128,2628,0407,7407,7707,454
Goodwill7,2207,0956,8736,6196,5636,335
Intangible assets, net (excluding goodwill)1,0921,1671,1671,1211,2071,119
Other noncurrent assets144163176160119136
Total noncurrent assets:10,93910,87010,96810,3539,6139,197
TOTAL ASSETS:12,83713,61114,02612,84311,00310,503
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3961,6001,6331,0411,0211,021
Interest and dividends payable100102116118107
Taxes payable104327179
Employee-related liabilities518502287249325
Accounts payable 324357446263222224
Accrued liabilities 392460356223274246
Other undisclosed accounts payable and accrued liabilities680155184125141110
Debt44494946436
Other undisclosed current liabilities151149139   
Total current liabilities:1,5511,7531,7761,9901,4851,057
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,9784,0104,0133,9663,4293,748
Long-term debt, excluding current maturities 3,9784,0104,0133,9663,4293,748
Finance lease, liability 7322530
Other undisclosed long-term debt and lease obligation(7)(526)(524)(443)  
Liabilities, other than long-term debt1,301792847711745663
Other liabilities812792847711745663
Operating lease, liability489494499413
Other undisclosed noncurrent liabilities  494499413  
Total noncurrent liabilities:5,2795,2965,3595,0904,1744,411
Total liabilities:6,8307,0497,1357,0805,6595,468
Temporary equity, carrying amount777982767780
Equity
Equity, attributable to parent5,8936,4446,7595,6415,2164,921
Common stock222222
Treasury stock, value(4,673)(3,453)(5,366)(5,218)(4,996)(4,783)
Additional paid in capital2,2952,2602,8412,7222,6672,612
Accumulated other comprehensive loss(21)(14)(21)(39)(59)(48)
Retained earnings8,2907,6499,3038,1747,6027,138
Equity, attributable to noncontrolling interest373950465134
Total equity:5,9306,4836,8095,6875,2674,955
TOTAL LIABILITIES AND EQUITY:12,83713,61114,02612,84311,00310,503

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,88310,7889,4377,7267,5317,709
Revenue, net7,5317,709
Cost of revenue(6,450)(6,579)(5,804)(5,037)(4,926)(4,719)
Gross profit:3,4334,2093,6332,6892,6052,990
Operating expenses(1,994)(1,830)(1,653)(1,553)(1,518)(1,824)
Other operating income (expense), net(11)2(9)9514(1)
Operating income:1,4282,3811,9711,2311,1011,165
Nonoperating income (expense)(193)218(87)(155)(175)(135)
Other nonoperating income (expense)(55)3697620(8)16
Interest and debt expense(148)(152)(166)(180)(169)(153)
Other undisclosed income from continuing operations before equity method investments, income taxes148152166180169153
Income from continuing operations before equity method investments, income taxes:1,2352,5991,8841,0769261,030
Income from equity method investments447875574435
Income from continuing operations before income taxes:1,2792,6771,9591,1339701,065
Income tax expense(264)(597)(460)(247)(182)(241)
Income from continuing operations:1,0152,0801,499886788824
Income before gain (loss) on sale of properties:2,0801,499906788824
Income from discontinued operations    20  
Net income:1,0152,0801,499906788824
Net loss attributable to noncontrolling interest(69)(85)(68)(48)(52)(52)
Net income attributable to parent:9461,9951,431858736772
Other undisclosed net loss available to common stockholders, basic     (3)(3)
Net income available to common stockholders, diluted:9461,9951,431858733769

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,0152,0801,499906788824
Other comprehensive income (loss)(7)71820(9)24
Comprehensive income:1,0082,0871,517926779848
Comprehensive loss, net of tax, attributable to noncontrolling interest(69)(85)(68)(48)(52)(52)
Comprehensive income, net of tax, attributable to parent:9392,0021,449878727796

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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