LABORATORY CORP OF AMERICA HOLDINGS - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 29, 2016

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EX-24.9 - EXHIBIT 24.9 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2492015.htm
EX-21.1 - EXHIBIT 21.1 - LABORATORY CORP OF AMERICA HOLDINGSexhibit212015.htm
EX-24.1 - EXHIBIT 24.1 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2412015.htm
EX-24.8 - EXHIBIT 24.8 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2482015.htm
EX-24.3 - EXHIBIT 24.3 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2432015.htm
EX-24.6 - EXHIBIT 24.6 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2462015.htm
EX-24.5 - EXHIBIT 24.5 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2452015.htm
EX-32.2 - EXHIBIT 32.2 - LABORATORY CORP OF AMERICA HOLDINGSlh10-kex322015.htm
EX-32.1 - EXHIBIT 32.1 - LABORATORY CORP OF AMERICA HOLDINGSlh10-kex3122015.htm
EX-24.2 - EXHIBIT 24.2 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2422015.htm
EX-31.1 - EXHIBIT 31.1 - LABORATORY CORP OF AMERICA HOLDINGSlh10-kex3112015.htm
10-K - 10-K - LABORATORY CORP OF AMERICA HOLDINGSlh10-k2015.htm
EX-24.4 - EXHIBIT 24.4 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2442015.htm
EX-23.1 - EXHIBIT 23.1 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2312015.htm
EX-24.7 - EXHIBIT 24.7 - LABORATORY CORP OF AMERICA HOLDINGSexhibit2472015.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,
 
 
2011
 
2012
 
2013
 
2014
 
2015
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income tax
 
$
866.1

 
$
944.2

 
$
915.6

 
$
826.7

 
$
732.1

Equity in the income of investees
 
(10.4
)
 
(21.4
)
 
(18.6
)
 
(14.6
)
 
(10.6
)
Cash distributions received from equity investees
 
11.8

 
21.0

 
14.4

 
8.8

 
10.7

 
 
867.5

 
943.8

 
911.4

 
820.9

 
732.2

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest on long-term and
 
 
 
 
 
 
 
 
 
 
short-term debt including
 
 
 
 
 
 
 
 
 
 
amortization of debt expense
 
87.5

 
94.5

 
96.5

 
109.5

 
274.9

 
 
 
 
 
 
 
 
 
 
 
Portion of rental expense as can be
 
 
 
 
 
 
 
 
 
 
demonstrated to be representative
 
 
 
 
 
 
 
 
 
 
of the interest factor
 
73.4

 
75.3

 
78.6

 
79.7

 
91.1

 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
160.9

 
169.8

 
175.1

 
189.2

 
366.0

 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and
 
 
 
 
 
 
 
 
 
 
fixed charges
 
$
1,028.4

 
$
1,113.6

 
$
1,086.5

 
$
1,010.1

 
$
1,098.2

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
6.39

 
6.56

 
6.21

 
5.34

 
3.00

 
 
 
 
 
 
 
 
 
 
 
 


LABORATORY CORP OF AMERICA HOLDINGS Reports