EX-12.1 5 ss206544_ex1201.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
  
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