EX-12.1 2 h81951ex12-1.txt RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12.1 SERVICE CORPORATION INTERNATIONAL RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30, 2000 1999 --------------- --------------- (Thousands, except ratio amounts) Pretax income from continuing operations ........................ $ 150,917 $ 212,364 Undistributed income of less than 50% owned equity investees .... (2,540) (1,337) Minority interest in income of majority owned subsidiaries with fixed charges ........................................... 567 257 Add fixed charges as adjusted (from below) ...................... 246,870 201,351 --------- --------- $ 395,814 $ 412,635 --------- --------- Fixed charges: Interest expense: Corporate .............................................. $ 211,516 $ 173,350 Financial services ..................................... 8,833 8,689 Capitalized ............................................ (1) 1,250 Amortization of debt costs ...................................... 4,854 254 1/3 of rental expense ........................................... 21,667 19,058 --------- --------- Fixed charges ................................................... 246,869 202,601 Less: Capitalized interest ...................................... 1 (1,250) --------- --------- Fixed charges as adjusted ....................................... $ 246,870 $ 201,351 ========= ========= Ratio (earnings divided by fixed charges) ....................... 1.60 2.04 ========= =========