EX-12.1 3 sci-12312015x10kxex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)

 
Twelve months ended December 31,
 
2015
2014
2013
2012
2011
Earnings:
 
 
 
 
 
Pretax income
$
370,351

$
402,600

$
245,206

245,283

225,140

Add fixed charges as adjusted (from below)
182,484

188,362

150,410

142,634

140,798

 
$
552,835

$
590,962

$
395,616

$
387,917

$
365,938

Fixed charges:
 
 
 
 
 
Interest expense:
 
 
 
 
 
Corporate
163,463

168,746

136,917

130,163

129,346

Amortization of deferred financing costs
9,434

8,825

5,443

4,905

4,436

1/3 of rental expense
9,587

10,791

8,050

7,566

7,016

Fixed charges
$
182,484

$
188,362

$
150,410

$
142,634

$
140,798

Ratio (earnings divided by fixed charges)
3.03

3.14

2.63

2.72

2.60