LABORATORY CORP OF AMERICA HOLDINGS - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 26, 2015

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EXCEL - IDEA: XBRL DOCUMENT - LABORATORY CORP OF AMERICA HOLDINGSFinancial_Report.xls
EX-10.40 - EXHIBIT 10.40 - LABORATORY CORP OF AMERICA HOLDINGSexhibit1040.htm
EX-10.41 - EXHIBIT 10.41 - LABORATORY CORP OF AMERICA HOLDINGSexhibit1041.htm
EX-21 - EXHIBIT 21 - LABORATORY CORP OF AMERICA HOLDINGSexhibit212014.htm
EX-24.5 - EXHIBIT 24.5 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2452014.htm
EX-24.1 - EXHIBIT 24.1 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2412014.htm
EX-24.3 - EXHIBIT 24.3 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2432014.htm
EX-24.6 - EXHIBIT 24.6 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2462014.htm
EX-24.7 - EXHIBIT 24.7 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2472014.htm
EX-24.8 - EXHIBIT 24.8 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2482014.htm
EX-10.39 - EXHIBIT 10.39 - LABORATORY CORP OF AMERICA HOLDINGSexhibit1039creditagreement.htm
EX-23.1 - EXHIBIT 23.1 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2312014.htm
EX-24.2 - EXHIBIT 24.2 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2422014.htm
EX-32 - EXHIBIT 32 - LABORATORY CORP OF AMERICA HOLDINGSlh10-kex322014.htm
EX-31.2 - EXHIBIT 31.2 - LABORATORY CORP OF AMERICA HOLDINGSlh10-kex3122014.htm
EX-31.1 - EXHIBIT 31.1 - LABORATORY CORP OF AMERICA HOLDINGSlh10-kex3112014.htm
10-K - 10-K - LABORATORY CORP OF AMERICA HOLDINGSlh10-k2014.htm
EX-24.4 - EXHIBIT 24.4 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2442014.htm

 
 
 
 
 
 
 
 
EXHIBIT 12.1
 
 
 
 
 
 
 
 
 
 
 
 
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in millions, except ratio information)
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Years Ended December 31,
 
 
2010
 
2011
 
2012
 
2013
 
2014
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income tax
 
$
915.6

 
$
866.1

 
$
944.2

 
$
915.6

 
$
826.7

Equity in the income of investees
 
(11.7
)
 
(10.4
)
 
(21.4
)
 
(18.6
)
 
(14.6
)
Cash distributions received from equity investees
 
18.0

 
11.8

 
21.0

 
14.4

 
8.8

 
 
921.9

 
867.5

 
943.8

 
911.4

 
820.9

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest on long-term and
 
 
 
 
 
 
 
 
 
 
short-term debt including
 
 
 
 
 
 
 
 
 
 
amortization of debt expense
 
70.0

 
87.5

 
94.5

 
96.5

 
109.5

 
 
 
 
 
 
 
 
 
 
 
Portion of rental expense as can be
 
 
 
 
 
 
 
 
 
 
demonstrated to be representative
 
 
 
 
 
 
 
 
 
 
of the interest factor
 
67.4

 
73.4

 
75.3

 
78.6

 
79.7

 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
137.4

 
160.9

 
169.8

 
175.1

 
189.2

 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and
 
 
 
 
 
 
 
 
 
 
fixed charges
 
$
1,059.3

 
$
1,028.4

 
$
1,113.6

 
$
1,086.5

 
$
1,010.1

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
7.71

 
6.39

 
6.56

 
6.21

 
5.34

 
 
 
 
 
 
 
 
 
 
 
 


LABORATORY CORP OF AMERICA HOLDINGS Reports