← QUEST DIAGNOSTICS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $645.0m $772.0m $736.0m $858.0m $1.4b $2.0b $946.0m $854.0m $871.0m $992.0m
Net Income (Loss) Available to Common Stockholders, Basic $642.0m $769.0m $733.0m $906.0m $1.5b $2.1b $1.0b $908.0m $921.0m $1.0b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $696.0m $824.0m $788.0m $906.0m $1.5b $2.1b $1.0b $908.0m $921.0m $1.0b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $645.0m — — $838.0m $1.4b $2.0b — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $696.0m — — $886.0m $1.5b $2.1b — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 — — $20.0m $0 $0 — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 — — $20.0m $0 $0 — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $51.0m $52.0m $52.0m $48.0m $68.0m $85.0m $69.0m $54.0m $50.0m $54.0m
Depreciation, Depletion and Amortization $249.0m $270.0m $309.0m $329.0m $361.0m $408.0m $437.0m $439.0m $493.0m $570.0m
Depreciation $177.0m $196.0m $219.0m $233.0m $258.0m $305.0m $317.0m $331.0m $366.0m $416.0m
Amortization of Intangible Assets $72.0m $74.0m $90.0m $96.0m $103.0m $103.0m $120.0m $108.0m $127.0m $154.0m
Deferred Income Tax Expense (Benefit) $37.0m $9.0m $73.0m $15.0m $85.0m ($57.0m) $1.0m ($49.0m) $13.0m $105.0m
Share-based Payment Arrangement, Noncash Expense $69.0m $79.0m $61.0m $56.0m $97.0m $79.0m $77.0m $77.0m $88.0m $88.0m
Payment, Tax Withholding, Share-based Payment Arrangement $10.0m $23.0m $21.0m $16.0m $15.0m $22.0m $28.0m $28.0m $24.0m $45.0m
Goodwill, Impairment Loss — — — — — — — $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) $7.0m — — — — — — — — —
Gain (Loss) on Disposition of Business $118.0m $0 ($4.0m) — — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment — — — $70.0m ($3.0m) ($9.0m) — — — —
Income (Loss) from Equity Method Investments $39.0m $35.0m $44.0m $57.0m $75.0m $78.0m $44.0m $26.0m $19.0m $42.0m
Income Tax Expense (Benefit) $429.0m $241.0m $182.0m $247.0m $460.0m $597.0m $264.0m $248.0m $273.0m $314.0m
Other Nonoperating Income (Expense) ($48.0m) $16.0m ($8.0m) $20.0m $76.0m $369.0m ($55.0m) $20.0m $30.0m $26.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $343.0m $298.0m $65.0m $63.0m $455.0m ($81.0m) ($246.0m) $15.0m $71.0m $106.0m
Proceeds from Stock Options Exercised $73.0m $130.0m $99.0m $119.0m $189.0m $129.0m $123.0m $72.0m $73.0m $79.0m
Equity Securities, FV-NI, Gain (Loss) — — — $10.0m $8.0m $56.0m ($55.0m) $20.0m $18.0m $19.0m
Goodwill $6.0b $6.3b $6.6b $6.6b $6.9b $7.1b $7.2b $7.7b $8.9b $8.9b
Nonoperating Income (Expense) ($191.0m) ($135.0m) ($175.0m) ($155.0m) ($87.0m) $218.0m ($193.0m) ($132.0m) ($171.0m) ($238.0m)
Other Operating Income (Expense), Net $13.0m ($1.0m) $14.0m $95.0m ($9.0m) $2.0m ($11.0m) ($41.0m) ($1.0m) $12.0m
Net Cash Provided by (Used in) Operating Activities $1.1b $1.2b $1.2b $1.2b $2.0b $2.2b $1.7b $1.3b $1.3b $1.9b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $293.0m $252.0m $383.0m $400.0m $418.0m $403.0m $404.0m $408.0m $425.0m $527.0m
Payments to Acquire Businesses, Net of Cash Acquired $139.0m $581.0m $421.0m $58.0m $330.0m $331.0m $144.0m $611.0m $2.2b $101.0m
Payments for (Proceeds from) Other Investing Activities ($10.0m) ($2.0m) ($1.0m) $44.0m $27.0m $3.0m ($5.0m) $42.0m ($41.0m) $3.0m
Net Cash Provided by (Used in) Investing Activities ($152.0m) ($805.0m) ($801.0m) ($411.0m) ($772.0m) $21.0m ($543.0m) ($1.1b) ($2.5b) ($631.0m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock $590.0m $465.0m $322.0m $353.0m $325.0m $2.2b $1.4b $275.0m $151.0m $450.0m
Payments of Ordinary Dividends, Common Stock $223.0m $247.0m $266.0m $286.0m $297.0m $309.0m $305.0m $314.0m $331.0m $353.0m
Proceeds from Noncontrolling Interests $0 $4.0m $16.0m $0 $0 — — — — —
Dividends Payable, Current $62.0m $61.0m $71.0m $71.0m $76.0m $74.0m $74.0m $79.0m $84.0m $89.0m
Dividends Payable $62.0m $61.0m $71.0m $71.0m $76.0m $74.0m $74.0m $79.0m $84.0m $89.0m
Proceeds from (Payments for) Other Financing Activities ($45.0m) $40.0m $23.0m ($17.0m) $44.0m ($38.0m) ($39.0m) $14.0m $21.0m $39.0m
Net Cash Provided by (Used in) Financing Activities ($691.0m) ($592.0m) ($401.0m) $225.0m ($1.3b) ($2.5b) ($1.7b) $160.0m $1.1b ($1.4b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $0 $0 ($7.0m) $4.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — — — $0 $371.0m ($137.0m) ($129.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $135.0m $1.2b $1.2b $872.0m $315.0m $686.0m $549.0m $420.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — — $159.0m $156.0m $134.0m $262.0m $280.0m
Income Taxes Paid, Net — — — — — — — — — $169.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.