Attached files
file | filename |
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8-K - QUEST DIAGNOSTICS INC | c64911_8k.htm |
EX-5.1 - QUEST DIAGNOSTICS INC | c64911_ex5-1.htm |
EX-1.1 - QUEST DIAGNOSTICS INC | c64911_ex1-1.htm |
EX-4.15 - QUEST DIAGNOSTICS INC | c64911_ex4-15.htm |
EX-99.1 - QUEST DIAGNOSTICS INC | c64911_ex99-1.htm |
Exhibit 12.1
QUEST DIAGNOSTICS INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS, EXCEPT RATIOS)
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YEAR ENDED DECEMBER 31, |
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2010 |
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2009 |
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2008 |
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2007 |
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2006 |
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Income from continuing operations before taxes, equity earnings and net income attributable to non-controlling interests |
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$ |
1,154,276 |
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$ |
1,194,240 |
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$ |
1,020,613 |
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$ |
912,380 |
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$ |
1,028,161 |
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Adjustments: |
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Distributed income from less than 50% owned companies |
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30,883 |
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25,345 |
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28,752 |
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24,972 |
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26,411 |
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Fixed charges |
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212,543 |
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209,379 |
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248,716 |
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243,317 |
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147,133 |
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Earnings from continuing operations before taxes and fixed charges, as adjusted |
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$ |
1,397,702 |
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$ |
1,428,964 |
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$ |
1,298,081 |
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$ |
1,180,669 |
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$ |
1,201,705 |
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Fixed charges: |
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Interest expense |
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$ |
148,004 |
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$ |
147,071 |
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$ |
185,783 |
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$ |
186,957 |
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$ |
96,997 |
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Portion of rent expense which represents interest factor |
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64,539 |
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62,308 |
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62,933 |
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56,360 |
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50,136 |
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Total fixed charges |
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$ |
212,543 |
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$ |
209,379 |
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$ |
248,716 |
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$ |
243,317 |
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$ |
147,133 |
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Ratio of earnings to fixed charges |
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6.6x |
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6.8x |
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5.2x |
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4.9x |
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8.2x |
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1