Quest Diagnostics Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,046	921	908	1,015	2,080
Depreciation & Amortization	570	493	439	437	408
Stock-Based Compensation	88	88	77	77	79
Other Adjustments	132	33	-7	70	-421
Change in Receivables	-106	-71	-15	246	81
Changes in Accounts Payable	129	-67	-55	-149	35
Changes in Income Taxes Payable	24	16	-2	-31	-20
Changes in Other Operating Activities	3	-79	-73	53	-9
Operating Cash Flow	1,886	1,334	1,272	1,718	2,233
Operating Cash Flow Growth	41.38%	4.87%	-25.96%	-23.06%	11.37%
Capital Expenditures	-527	-425	-408	-404	-403
Payments for Business Acquisitions	-101	-2,164	-611	-144	-331
Proceeds from Business Divestments	-	-	-	-	755
Other Investing Activities	-3	41	-42	5	-
Investing Cash Flow	-631	-2,548	-1,061	-543	21
Long-Term Debt Issued	410	1,846	2,592	-	-
Long-Term Debt Repaid	-1,012	-303	-1,844	-2	-2
Net Long-Term Debt Issued (Repaid)	-602	1,543	748	-2	-2
Issuance of Common Stock	79	73	72	123	129
Repurchase of Common Stock	-450	-151	-275	-1,408	-2,199
Net Common Stock Issued (Repurchased)	-371	-78	-203	-1,285	-2,070
Common Dividends Paid	-353	-331	-314	-305	-309
Other Financing Activities	-62	-50	-71	-140	-159
Financing Cash Flow	-1,388	1,084	160	-1,732	-2,540
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4	-7	-	-	-
Net Cash Flow	-129	-137	371	-557	-286
Free Cash Flow	1,359	909	864	1,314	1,830
Free Cash Flow Growth	49.50%	5.21%	-34.25%	-28.20%	15.31%
FCF Margin	12.32%	9.21%	9.34%	13.30%	16.96%
Free Cash Flow Per Share	12.03	8.04	7.65	11.14	14.30
Levered Free Cash Flow	589	2,352	1,503	850	2,004
Unlevered Free Cash Flow	1,396	976.25	892.26	1,039	1,861

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.