EX-12.1 4 c61837_ex12-1.htm

Exhibit 12.1

QUEST DIAGNOSTICS INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS, EXCEPT RATIOS)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR THE
THREE
MONTHS
ENDED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YEAR ENDED DECEMBER 31,

 

 

 

 

 

 

MARCH 31,
2010

 

2009

 

2008

 

2007

 

2006

 

2005

 

 

 

Income from continuing operations before taxes, equity earnings and net income attributable to non-controlling interests

 

$

268,577

 

$

1,194,240

 

$

1,020,613

 

$

912,380

 

$

1,028,161

 

$

941,498

 

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributed income from less than 50% owned companies

 

 

1,797

 

 

25,345

 

 

28,752

 

 

24,972

 

 

26,411

 

 

25,492

 

Fixed charges

 

 

53,176

 

 

209,379

 

 

248,716

 

 

243,317

 

 

147,133

 

 

108,751

 

 

 

 

 

 

 

 

 

Earnings from continuing operations before taxes and fixed charges, as adjusted

 

$

323,550

 

$

1,428,964

 

$

1,298,081

 

$

1,180,669

 

$

1,201,705

 

$

1,075,741

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

36,573

 

$

147,071

 

$

185,783

 

$

186,957

 

$

96,997

 

$

63,266

 

 

Portion of rent expense which represents interest factor

 

 

16,602

 

 

62,308

 

 

62,933

 

 

56,360

 

 

50,136

 

 

45,485

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

53,175

 

$

209,379

 

$

248,716

 

$

243,317

 

$

147,133

 

$

108,751

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

6.1x

 

 

6.8x

 

 

5.2x

 

 

4.9x

 

 

8.2x

 

 

9.9x