EX-12.1 2 h30179exv12w1.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,  
    2005     2004  
            (Restated)  
Earnings:
                
 
                
Income from continuing operations before income taxes and cumulative effects of accounting changes
   $ 58,369     $ 92,372  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     13       284  
Add fixed charges as adjusted (from below)
     89,211       105,511  
 
            
 
   $ 147,593     $ 198,167  
 
            
 
                
Fixed charges:
                
Interest expense:
                
Corporate
   $ 68,637     $ 84,005  
Amortization of debt costs
     7,715       7,105  
1/3 of rental expense
     12,859       14,401  
 
            
Fixed charges
     89,211       105,511  
Less: Capitalized interest
     —       —  
 
            
Fixed charges as adjusted
   $ 89,211     $ 105,511  
 
            
 
                
Ratio (earnings divided by fixed charges)
     1.65       1.88