EX-12.1 4 dgx2013s-3asrex121.htm EXHIBIT DGX 2013 S-3 ASR EX 12.1


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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