EX-12.1 3 h89782ex12-1.txt RATIO OF EARNINGS TO FIXED CHARGES 1 Exhibit 12.1 SERVICE CORPORATION INTERNATIONAL RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, 2001 2000 ------------------------------------------------------------------------------------------------------------------------- (Thousands, except ratio amounts) Pretax income from continuing operations.............................................. $ 8,533 $ 4,344 Undistributed income of less than 50% owned equity investees.......................... (1,705) (1,403) Minority interest in income of majority owned subsidiaries with fixed charges.................................................................. (507) 378 Add fixed charges as adjusted (from below)............................................ 129,495 164,394 ------------- ------------ $ 135,816 $ 167,713 ------------- ------------ Fixed charges: Interest expense: Corporate ................................................................ $ 111,950 $ 139,780 Financial services........................................................... - 6,612 Capitalized ................................................................ - (1) Amortization of debt costs................................................... 3,008 3,334 1/3 of rental expense................................................................. 14,537 14,668 ------------- ------------ Fixed charges ........................................................................ 129,495 164,393 Less: Capitalized interest.......................................................... - 1 ------------- ------------ Fixed charges as adjusted............................................................. $ 129,495 $ 164,394 ============= ============ Ratio (earnings divided by fixed charges)............................................. 1.05 1.02 ============= ============
Excluding restructuring and non-recurring charges, the ratio of earnings to fixed charges would have been 1.44 and 1.10 for the six months ended June 30, 2001 and 2000, respectively.