Exhibit 12.1
QUEST DIAGNOSTICS INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS, EXCEPT RATIOS)
Year Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
Income from continuing operations before taxes, equity earnings and net income attributable to non-controlling interests | $ | 1,323 | $ | 1,042 | $ | 820 | $ | 1,145 | $ | 1,177 | ||||||||||
Adjustments: | ||||||||||||||||||||
Distributed income from less than 50% owned companies | 25 | 25 | 29 | 31 | 25 | |||||||||||||||
Fixed charges | 237 | 239 | 245 | 219 | 220 | |||||||||||||||
Earnings from continuing operations before taxes and fixed charges, as adjusted | $ | 1,585 | $ | 1.306 | $ | 1,094 | $ | 1,395 | $ | 1,422 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 163 | $ | 169 | $ | 173 | $ | 148 | $ | 150 | ||||||||||
Portion of rent expense which represents interest factor | 74 | 70 | 72 | 71 | 70 | |||||||||||||||
Total fixed charges | $ | 237 | $ | 239 | $ | 245 | $ | 219 | $ | 220 | ||||||||||
Ratio of earnings to fixed charges | 6.7 | x | 5.5 | x | 4.5 | x | 6.4 | x | 6.5 | x |