Quest Diagnostics Incorporated (DGX)

Quest Diagnostics Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	9,539	9,252	9,883	10,788	9,437	7,726
Revenue Growth (YoY)	2.60%	-6.38%	-8.39%	14.32%	22.15%	2.59%
Cost of Revenue	6,394	6,183	6,418	6,571	5,795	5,037
Gross Profit	3,145	3,069	3,465	4,217	3,642	2,689
Selling, General & Admin	1,681	1,615	1,818	1,723	1,545	1,457
Other Operating Expenses	9	12	-22	-2	6	-16
Operating Expenses	1,807	1,735	1,916	1,824	1,654	1,537
Operating Income	1,338	1,334	1,549	2,393	1,988	1,152
Interest Expense	-200	-163	-148	-152	-166	-180
Interest & Investment Income	24	11	10	1	3	5
Earnings From Equity Investments	22	26	44	78	75	57
Other Non Operating Income (Expenses)	20	20	-25	55	76	20
EBT Excluding Unusual Items	1,204	1,228	1,430	2,375	1,976	1,054
Merger & Restructuring Charges	-85	-72	-102	-12	-14	-
Gain (Loss) on Sale of Investments	9	-	-30	314	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-3	73
Asset Writedown	-	-	-14	-	-	-
Other Unusual Items	7	-	-5	-	-	6
Pretax Income	1,135	1,156	1,279	2,677	1,959	1,133
Income Tax Expense	245	248	264	597	460	247
Earnings From Continuing Operations	890	908	1,015	2,080	1,499	886
Earnings From Discontinued Operations	-	-	-	-	-	20
Net Income to Company	890	908	1,015	2,080	1,499	906
Minority Interest in Earnings	-49	-54	-69	-85	-68	-48
Net Income	841	854	946	1,995	1,431	858
Preferred Dividends & Other Adjustments	3	4	4	7	6	3
Net Income to Common	838	850	942	1,988	1,425	855
Net Income Growth	10.22%	-9.73%	-52.58%	39.41%	66.78%	16.58%
Shares Outstanding (Basic)	111	112	116	125	134	134
Shares Outstanding (Diluted)	112	113	118	128	136	136
Shares Change (YoY)	-2.41%	-4.24%	-7.81%	-5.88%	-	-2.16%
EPS (Basic)	7.53	7.59	8.12	15.90	10.63	6.38
EPS (Diluted)	7.44	7.49	7.97	15.55	10.47	6.28
EPS Growth	11.56%	-6.02%	-48.75%	48.52%	66.80%	18.66%
Free Cash Flow	1,023	864	1,314	1,830	1,587	843
Free Cash Flow Per Share	9.17	7.65	11.14	14.30	11.67	6.20
Dividend Per Share	2.960	2.840	2.640	2.480	2.240	2.120
Dividend Growth	6.09%	7.58%	6.45%	10.71%	5.66%	4.43%
Gross Margin	32.97%	33.17%	35.06%	39.09%	38.59%	34.80%
Operating Margin	14.03%	14.42%	15.67%	22.18%	21.07%	14.91%
Profit Margin	8.78%	9.19%	9.53%	18.43%	15.10%	11.07%
Free Cash Flow Margin	10.72%	9.34%	13.30%	16.96%	16.82%	10.91%
EBITDA	1,805	1,773	1,986	2,801	2,349	1,481
EBITDA Margin	18.92%	19.16%	20.10%	25.96%	24.89%	19.17%
D&A For EBITDA	467	439	437	408	361	329
EBIT	1,338	1,334	1,549	2,393	1,988	1,152
EBIT Margin	14.03%	14.42%	15.67%	22.18%	21.07%	14.91%
Effective Tax Rate	21.59%	21.45%	20.64%	22.30%	23.48%	21.80%
Advertising Expenses	-	31	74	78	38	18

Source: S&P Capital IQ. Standard template. Financial Sources.