Attached files

file filename
10-Q - FORM 10-Q - AETNA INC /PA/form10-q.htm
EX-32.2 - EXHIBIT 32.2 - AETNA INC /PA/exhibit32_2.htm
EX-32.1 - EXHIBIT 32.1 - AETNA INC /PA/exhibit32_1.htm
EX-31.2 - EXHIBIT 31.2 - AETNA INC /PA/exhibit31_2.htm
EX-31.1 - EXHIBIT 31.1 - AETNA INC /PA/exhibit31_1.htm
EX-15.1 - EXHIBIT 15.1 - AETNA INC /PA/exhibit15_1.htm
EX-10.5 - EXHIBIT 10.5 - AETNA INC /PA/exhibit10_5.htm


Exhibit 12.1

Computation of Ratios

The computation of the ratio of earnings to fixed charges for the three months ended March 31, 2017 and the years ended December 31, 2016, 2015, 2014, 2013 and 2012 are as follows:

Three Months Ended
 
 
Years Ended December 31,
(Millions)
March 31, 2017

 
2016

 
2015

 
2014

 
2013

 
2012

(Loss) income from continuing operations before income taxes
$
(629
)
 
$
3,991

 
$
4,234

 
$
3,497

 
$
2,937

 
$
2,545

Add back fixed charges
187

 
663

 
426

 
396

 
396

 
321

(Loss) income as adjusted ("earnings")
$
(442
)
 
$
4,654

 
$
4,660

 
$
3,893

 
$
3,333

 
$
2,866

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
173

 
$
604

 
$
369

 
$
334

 
$
336

 
$
271

Portion of rents representative of interest factor
14

 
59

 
57

 
62

 
60

 
50

Total fixed charges
$
187

 
$
663

 
$
426

 
$
396

 
$
396

 
$
321

Ratio of earnings to fixed charges

 
7.02

 
10.94

 
9.83

 
8.42

 
8.93