EX-12.1 2 h68410exv12w1.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     Nine Months ended  
    September 30,     September 30,  
    2009     2008     2009     2008  
Earnings:
                                
Income from continuing operations before income taxes
   $ 49,965     $ 15,932     $ 144,528     $ 134,574  
Add: Fixed charges (from below)
     30,856       35,138       98,313       106,310  
 
                        
 
   $ 80,821     $ 51,070     $ 242,841     $ 240,884  
 
                        
Fixed charges:
                                
Interest expense:
                                
Corporate
   $ 28,551     $ 32,367     $ 90,913     $ 97,884  
Amortization of deferred financing costs
     832       855       2,526       2,718  
Implicit interest in rental expense
     1,473       1,916       4,874       5,708  
 
                        
Fixed charges
   $ 30,856     $ 35,138     $ 98,313     $ 106,310  
 
                        
Ratio (earnings divided by fixed charges)
     2.62       1.45       2.47       2.27