EX-12.1 4 h19840exv12w1.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)

                 
    Nine Months Ended September 30,
    2004
   2003
            (Restated)
Earnings:
                
Income from continuing operations before income taxes and cumulative effects of accounting changes
   $ 95,673     $ 82,472  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     338       432  
Add fixed charges as adjusted (from below)
     109,058       122,813  
 
    
 		      
 		  
 
   $ 205,069     $ 205,717  
 
    
 		      
 		  
Fixed charges:
                
Interest expense:
                
Corporate
   $ 87,563     $ 100,703  
Amortization of debt costs
     7,105       7,265  
1/3 of rental expense
     14,390       14,845  
 
    
 		      
 		  
Fixed charges
     109,058       122,813  
Less: Capitalized interest
     —       —  
 
    
 		      
 		  
Fixed charges as adjusted
   $ 109,058     $ 122,813  
 
    
 		      
 		  
Ratio (earnings divided by fixed charges)
     1.88       1.68