EX-12.1 4 h17575exv12w1.htm RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1

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

                 
    Six Months Ended June 30,
    2004
   2003
            (Restated)
Earnings:
                
Income from continuing operations before income taxes and cumulative effects of accounting changes
   $ 79,302     $ 91,194  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     310       286  
Add fixed charges as adjusted (from below)
     77,107       82,704  
 
    
 		      
 		  
 
   $ 156,719     $ 174,184  
 
    
 		      
 		  
Fixed charges:
                
Interest expense:
                
Corporate
   $ 61,838     $ 68,459  
Amortization of debt costs
     4,942       4,674  
1/3 of rental expense
     10,327       9,571  
 
    
 		      
 		  
Fixed charges
     77,107       82,704  
Less: Capitalized interest
     —       —  
 
    
 		      
 		  
Fixed charges as adjusted
   $ 77,107     $ 82,704  
 
    
 		      
 		  
Ratio (earnings divided by fixed charges)
     2.03       2.11