Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - LABORATORY CORP OF AMERICA HOLDINGS | exhibit32q12016.htm |
| EX-31.2 - EXHIBIT 31.2 - LABORATORY CORP OF AMERICA HOLDINGS | exhibit312q12016.htm |
| EX-31.1 - EXHIBIT 31.1 - LABORATORY CORP OF AMERICA HOLDINGS | exhibit311q12016.htm |
| 10-Q - 10-Q - LABORATORY CORP OF AMERICA HOLDINGS | lh201610-qq1.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 | |||||||||||||||||||||||
2011 | 2012 | 2013 | 2014 | 2015 | March 31, 2016 | |||||||||||||||||||
Income from continuing operations before income tax | $ | 866.1 | $ | 944.2 | $ | 915.6 | $ | 826.7 | $ | 732.1 | $ | 256.0 | ||||||||||||
Equity in the income of investees | (10.4 | ) | (21.4 | ) | (18.6 | ) | (14.6 | ) | (10.6 | ) | (1.6 | ) | ||||||||||||
Cash distributions received from equity investees | 11.8 | 21.0 | 14.4 | 8.8 | 10.7 | 1.9 | ||||||||||||||||||
867.5 | 943.8 | 911.4 | 820.9 | 732.2 | 256.3 | |||||||||||||||||||
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 | 54.5 | ||||||||||||||||||
Portion of rental expense as can be | ||||||||||||||||||||||||
demonstrated to be representative | ||||||||||||||||||||||||
of the interest factor (a) | 73.4 | 75.3 | 78.6 | 79.7 | 95.7 | 24.7 | ||||||||||||||||||
Total fixed charges | 160.9 | 169.8 | 175.1 | 189.2 | 370.6 | 79.2 | ||||||||||||||||||
Earnings before income taxes and | ||||||||||||||||||||||||
fixed charges | $ | 1,028.4 | $ | 1,113.6 | $ | 1,086.5 | $ | 1,010.1 | $ | 1,102.8 | $ | 335.5 | ||||||||||||
Ratio of earnings to fixed charges | 6.39 | 6.56 | 6.21 | 5.34 | 2.98 | 4.24 | ||||||||||||||||||
(a) The portion of rental expense as can be demonstrated to be representative of the interest factor for the year ended December 31, 2015 has been revised. The impact of this revision is not material to previously reported amounts.