Quest Diagnostics Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	969	871	854	946	1,995	1,431
Depreciation & Amortization	560	493	439	437	408	361
Loss (Gain) From Sale of Investments	-	-	-	-	-314	-
Stock-Based Compensation	90	88	77	77	79	97
Provision & Write-off of Bad Debts	3	5	1	3	4	19
Other Operating Activities	244	78	46	136	-26	75
Change in Accounts Receivable	-84	-71	-15	246	81	-455
Change in Accounts Payable	148	-67	-55	-149	35	452
Change in Income Taxes	-16	16	-2	-31	-20	22
Change in Other Net Operating Assets	-29	-79	-73	53	-9	3
Operating Cash Flow	1,885	1,334	1,272	1,718	2,233	2,005
Operating Cash Flow Growth	34.93%	4.87%	-25.96%	-23.06%	11.37%	61.30%
Capital Expenditures	-492	-425	-408	-404	-403	-418
Cash Acquisitions	-434	-2,164	-611	-144	-331	-330
Investment in Securities	-	-	-	-	755	-24
Other Investing Activities	-16	41	-42	5	-	-
Investing Cash Flow	-942	-2,548	-1,061	-543	21	-772
Long-Term Debt Issued	-	1,846	2,592	-	-	749
Long-Term Debt Repaid	-	-303	-1,844	-2	-2	-1,554
Net Debt Issued (Repaid)	-602	1,543	748	-2	-2	-805
Issuance of Common Stock	82	73	72	123	129	189
Repurchase of Common Stock	-345	-175	-303	-1,436	-2,221	-340
Common Dividends Paid	-347	-331	-314	-305	-309	-297
Other Financing Activities	-59	-26	-43	-112	-137	-14
Financing Cash Flow	-1,271	1,084	160	-1,732	-2,540	-1,267
Foreign Exchange Rate Adjustments	-4	-7	-	-	-	-
Net Cash Flow	-332	-137	371	-557	-286	-34
Free Cash Flow	1,393	909	864	1,314	1,830	1,587
Free Cash Flow Growth	36.17%	5.21%	-34.25%	-28.20%	15.31%	88.26%
Free Cash Flow Margin	12.84%	9.21%	9.34%	13.30%	16.96%	16.82%
Free Cash Flow Per Share	12.25	8.04	7.65	11.14	14.30	11.67
Cash Interest Paid	262	262	134	156	159	201
Cash Income Tax Paid	189	256	317	283	709	360
Levered Free Cash Flow	1,001	741	669.75	1,015	1,564	1,104
Unlevered Free Cash Flow	1,177	882.25	771.63	1,108	1,659	1,208
Change in Working Capital	19	-201	-145	119	87	22

Source: S&P Global Market Intelligence. Standard template. Financial Sources.