EX-12.1 3 h67613exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)
                                 
    Three months ended     Six months ended  
    June 30,     June 30,  
    2009     2008     2009     2008  
Earnings:
                                
Income from continuing operations before income taxes
   $ 39,902     $ 52,169     $ 94,563     $ 118,642  
Add: Fixed charges (from below)
     33,989       35,108       67,457       71,172  
 
                        
 
   $ 73,891     $ 87,277     $ 162,020     $ 189,814  
 
                        
Fixed charges:
                                
Interest expense:
                                
Corporate
   $ 31,590     $ 32,444     $ 62,362     $ 65,517  
Amortization of deferred financing costs
     796       867       1,694       1,863  
Implicit interest in rental expense
     1,603       1,797       3,401       3,792  
 
                        
Fixed charges
   $ 33,989     $ 35,108     $ 67,457     $ 71,172  
 
                        
Ratio (earnings divided by fixed charges)
     2.17       2.49       2.40       2.67