| EXHIBIT 12.1 | ||||||||||||||||||
| STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||
| (dollars in millions, except ratio information) | ||||||||||||||||||
| Fiscal Years Ended December 31, | Six Months Ended | |||||||||||||||||
| 2007 | 2008 | 2009 | 2010 | 2011 | June 30, 2012 | |||||||||||||
| Income from continuing operations | ||||||||||||||||||
| before income taxes | 802.3 | 785.7 | 884.6 | 915.6 | 866.1 | 525.8 | ||||||||||||
| Fixed Charges: | ||||||||||||||||||
| Interest on long-term and | ||||||||||||||||||
| short-term debt including | ||||||||||||||||||
| amortization of debt expense | 56.6 | 72.0 | 62.9 | 70.0 | 87.5 | 42.8 | ||||||||||||
| Portion of rental expense as can be | ||||||||||||||||||
| demonstrated to be representative | ||||||||||||||||||
| of the interest factor | 53.0 | 58.4 | 61.0 | 67.4 | 73.4 | 37.5 | ||||||||||||
| Total fixed charges | 109.6 | 130.4 | 123.9 | 137.4 | 160.9 | 80.3 | ||||||||||||
| Earnings before income taxes and | ||||||||||||||||||
| fixed charges | 911.9 | 916.1 | 1,008.5 | 1,053.0 | 1,027.0 | 606.1 | ||||||||||||
| Ratio of earnings to fixed charges | 8.32 | 7.03 | 8.14 | 7.66 | 6.38 | 7.55 | ||||||||||||
Laboratory Corporation of America (LH)
Filed: 2 Aug 12, 12:00am