Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - LABORATORY CORP OF AMERICA HOLDINGS | lh201710-qq1.htm |
| EX-32.1 - EXHIBIT 32.1 - LABORATORY CORP OF AMERICA HOLDINGS | exhibit32q12017.htm |
| EX-31.2 - EXHIBIT 31.2 - LABORATORY CORP OF AMERICA HOLDINGS | exhibit312q12017.htm |
| EX-31.1 - EXHIBIT 31.1 - LABORATORY CORP OF AMERICA HOLDINGS | exhibit311q12017.htm |
| EX-3.1 - EXHIBIT 3.1 - LABORATORY CORP OF AMERICA HOLDINGS | exhibit31amendedbylawsfinal.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, | Three Months Ended | |||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 (a) | 2016 | March 31, 2017 | |||||||||||||||||||
Income from continuing operations before income tax | $ | 944.2 | $ | 915.6 | $ | 826.7 | $ | 726.0 | $ | 1,105.5 | $ | 279.7 | ||||||||||||
Equity in the income of investees | (21.4 | ) | (18.6 | ) | (14.6 | ) | (10.6 | ) | (8.3 | ) | (2.1 | ) | ||||||||||||
Cash distributions received from equity investees | 21.0 | 14.4 | 8.8 | 10.7 | 9.5 | 2.2 | ||||||||||||||||||
943.8 | 911.4 | 820.9 | 726.1 | 1,106.7 | 279.8 | |||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest on long-term and short-term debt | ||||||||||||||||||||||||
including amortization of debt expense | 94.5 | 96.5 | 109.5 | 274.9 | 219.1 | 52.4 | ||||||||||||||||||
Portion of rental expense as can be | ||||||||||||||||||||||||
demonstrated to be representative | ||||||||||||||||||||||||
of the interest factor | 75.3 | 78.6 | 79.7 | 95.7 | 97.1 | 26.0 | ||||||||||||||||||
Total fixed charges | 169.8 | 175.1 | 189.2 | 370.6 | 316.2 | 78.4 | ||||||||||||||||||
Earnings before income taxes and | ||||||||||||||||||||||||
fixed charges | $ | 1,113.6 | $ | 1,086.5 | $ | 1,010.1 | $ | 1,096.7 | $ | 1,422.9 | $ | 358.2 | ||||||||||||
Ratio of earnings to fixed charges | 6.56 | 6.21 | 5.34 | 2.96 | 4.50 | 4.57 | ||||||||||||||||||
(a) Income from continuing operations before tax for the period ended December 31, 2015 has been revised.