EX-12.1 5 ss419933_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,
 
   
2014
   
2013
   
2012
   
2011
   
2010
 
Income from continuing operations before taxes, equity earnings and net income attributable to non-controlling interests
    820       1,323       1,042       820       1,145  
Adjustments:
                                       
Distributed income from less than 50% owned companies
    24       25       25       29       31  
Fixed charges
    250       237       239       245       219  
Earnings from continuing operations before taxes and fixed charges, as adjusted
    1,094       1,585       1,306       1,094       1,395  
Fixed charges:
                                       
Interest expense
    170       163       169       173       148  
Portion of rent expense which represents interest factor
    80       74       70       72       71  
Total fixed charges
    250       237       239       245       219  
Ratio of earnings to fixed charges
    4.4 x     6.7 x     5.5 x     4.5 x     6.4 x