EX-12.1 2 h38281a1exv12w1.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)
                 
    Three Months Ended March 31,  
    2006     2005  
    (Restated)     (Restated)  
Earnings:
                
 
                
Income from continuing operations before income taxes and cumulative effect of accounting change
   $ 42,757     $ 48,988  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     115       119  
Add fixed charges (from below)
     28,936       29,297  
 
            
 
   $ 71,808     $ 78,404  
 
            
 
                
Fixed charges:
                
Interest expense:
                
Corporate
   $ 24,177     $ 22,450  
Amortization of deferred financing costs
     2,551       2,555  
Implicit interest in rental expense
     2,208       4,292  
 
            
Fixed charges
   $ 28,936     $ 29,297  
 
            
 
                
Ratio (earnings divided by fixed charges)
     2.48       2.68