Exhibit 12.1
QUEST DIAGNOSTICS INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS, EXCEPT RATIOS)
FOR THE THREE MONTHS ENDED MARCH 31, 2013 | YEAR ENDED DECEMBER 31, | ||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||
Income from continuing operations before taxes, equity earnings and net income attributable to non-controlling interests........... | $190,360 | $1,042,436 | $819,520 | $1,144,926 | $1,177,316 | $1,007,389 | |||||||||||
Adjustments: | |||||||||||||||||
Distributed income from less than 50% owned companies................................ | 6,123 | 24,980 | 28,877 | 30,883 | 25,345 | 28,752 | |||||||||||
Fixed charges.................................................... | 58,533 | 238,776 | 245,521 | 219,369 | 219,820 | 259,174 | |||||||||||
Earnings from continuing operations before taxes and fixed charges, as adjusted................. | $255,016 | $1,306,192 | $1,093,918 | $1,395,178 | $1,422,481 | $1,295,315 | |||||||||||
Fixed charges: | |||||||||||||||||
Interest expense................................................ | $40,856 | $169,033 | $173,741 | $148,218 | $150,379 | $188,535 | |||||||||||
Portion of rent expense which represents interest factor.................................................... | 17,677 | 69,743 | 71,780 | 71,151 | 69,441 | 70,639 | |||||||||||
Total fixed charges........................................... | $58,533 | $238,776 | $245,521 | $219,369 | $219,820 | $259,174 | |||||||||||
Ratio of earnings to fixed charges.................... | 4.4x | 5.5x | 4.5x | 6.4x | 6.5x | 5.0x |
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