Quest Diagnostics Incorporated (DGX) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1581,192135195410182192
Cash and cash equivalents1,1581,192135137359133192
Short-term investments   585149 
Receivables1,5201,0631,012924926901932
Inventory, net of allowances, customer advances and progress billings22312399958284110
Inventory22312399958284110
Prepaid expense231437144144
Disposal group, including discontinued operation    9176 
Other undisclosed current assets1551091305590117325
Total current assets:3,0582,4901,3901,3061,5311,5011,603
Noncurrent Assets
Operating lease, right-of-use asset604518
Property, plant and equipment1,6271,4531,2881,1451,029925933
Long-term investments and receivables52148243646244347363
Long-term investments52148243646244347363
Intangible assets, net (including goodwill)8,0407,7407,7707,4546,9496,8897,103
Goodwill6,8736,6196,5636,3356,0005,9056,032
Intangible assets, net (excluding goodwill)1,1671,1211,2071,1199499841,071
Other noncurrent assets176160119136148174238
Other undisclosed noncurrent assets      (63)
Total noncurrent assets:10,96810,3539,6139,1978,5698,4618,274
TOTAL ASSETS:14,02612,84311,00310,50310,1009,9629,877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6331,0411,0211,0219751,0141,191
Accounts payable446263222224261279 
Accrued liabilities356223274246254257 
Employee-related liabilities502287249325316305364
Taxes payable43271793463
Interest and dividends payable102116118107108107 
Other undisclosed accounts payable and accrued liabilities1841251411103362764
Debt4949464366159518
Other undisclosed current liabilities139      
Total current liabilities:1,7761,9901,4851,0579811,1731,709
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,0133,9663,4293,7483,7283,4923,244
Long-term debt, excluding current maturities4,0133,9663,4293,7483,7283,4923,244
Finance lease, liability2530
Operating lease, liability499413
Other undisclosed long-term debt and lease obligation(524)(443)     
Liabilities, other than long-term debt847711745663654514798
Deferred tax liabilities, net    204
Other liabilities847711745663654514594
Other undisclosed noncurrent liabilities499413    (204)
Total noncurrent liabilities:5,3595,0904,1744,4114,3824,0063,838
Total liabilities:7,1357,0805,6595,4685,3635,1795,547
Temporary equity, carrying amount827677807770 
Stockholders' equity
Stockholders' equity attributable to parent6,7595,6415,2164,9214,6284,6844,301
Common stock2222222
Treasury stock, value(5,366)(5,218)(4,996)(4,783)(4,460)(3,960)(3,815)
Additional paid in capital2,8412,7222,6672,6122,5452,4812,418
Accumulated other comprehensive loss(21)(39)(59)(48)(72)(38)(27)
Retained earnings9,3038,1747,6027,1386,6136,1995,723
Stockholders' equity attributable to noncontrolling interest50465134322929
Total stockholders' equity:6,8095,6875,2674,9554,6604,7134,330
TOTAL LIABILITIES AND EQUITY:14,02612,84311,00310,50310,1009,9629,877

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,4377,7267,5317,7097,5157,4937,435
Revenue, net7,5317,7097,5157,4937,435
Cost of revenue(5,804)(5,037)(4,926)(4,719)(4,616)(4,657)(4,637)
Gross profit:3,6332,6892,6052,9902,8992,8362,798
Operating expenses(1,653)(1,553)(1,518)(1,824)(1,635)(1,426)(2,255)
Other operating income (expense), net(9)9514(1)13(11) 
Other undisclosed operating income      440
Operating income:1,9711,2311,1011,1651,2771,399983
Nonoperating expense(87)(155)(175)(135)(191)(296)(134)
Other nonoperating income (expense)7620(8)16(48)(143)4
Interest and debt expense(166)(180)(169)(153)(144)  
Other undisclosed income from continuing operations before equity method investments, income taxes166180169153144  
Income from continuing operations before equity method investments, income taxes:1,8841,0769261,0301,0861,103849
Income from equity method investments75574435392326
Income from continuing operations before income taxes:1,9591,1339701,0651,1251,126875
Income tax expense(460)(247)(182)(241)(429)(373)(262)
Other undisclosed loss from continuing operations      (26)
Income from continuing operations:1,499886788824696753587
Income from discontinued operations 20    5
Net income:1,499906788824696753592
Net loss attributable to noncontrolling interest(68)(48)(52)(52)(51)(44)(36)
Net income attributable to parent:1,431858736772645709556
Other undisclosed net loss available to common stockholders, basic  (3)(3)(3)  
Net income available to common stockholders, diluted:1,431858733769642709556

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,499906788824696753592
Other comprehensive income (loss)1820(9)24(34)(11)(19)
Comprehensive income:1,517926779848662742573
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(68)(48)(52)(52)(51)(44)36
Other undisclosed comprehensive loss, net of tax, attributable to parent      (72)
Comprehensive income, net of tax, attributable to parent:1,449878727796611698537

Statements sources

The financial statements are based on the company's filings with the 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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