Below are the financial statements of Quest Diagnostics, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net revenues | 9,872a | 9,252a | 9,883a |
| Operating costs and expenses and other operating income | — | — | — |
| Cost of services | -6,628a | -6,199a | -6,450a |
| Selling, general and administrative | -1,770a | -1,642a | -1,874a |
| Amortization of intangible assets | -127a | -108a | -120a |
| Other operating expense, net | -1a | -41a | -11a |
| Total operating costs and expenses, net | -8,526a | -7,990a | -8,455a |
| Operating income | 1,346a | 1,262a | 1,428a |
| Other income (expense) | — | — | — |
| Interest expense, net | -201a | -152a | -138a |
| Other income (expense), net | 30a | 20a | -55a |
| Total non-operating expense, net | -171a | -132a | -193a |
| Income before income taxes and equity in earnings of equity method investees | 1,175a | 1,130a | 1,235a |
| Income tax expense | -273a | -248a | -264a |
| Equity in earnings of equity method investees, net of taxes | 19a | 26a | 44a |
| Net income | 921a | 908a | 1,015a |
| Less: Net income attributable to noncontrolling interests | 50a | 54a | 69a |
| Net income attributable to Quest Diagnostics | 871a | 854a | 946a |
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