EX-12.1 2 h64779exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)
                                 
    Three months ended     Nine months ended  
    September 30,     September 30,  
    2008     2007     2008     2007  
Earnings:
                                
Income from continuing operations before income taxes
   $ 15,799     $ 42,907     $ 134,441     $ 142,971  
Add fixed charges (from below)
     35,138       40,419       106,310       118,970  
 
                        
 
   $ 50,937     $ 83,326     $ 240,751     $ 261,941  
 
                        
 
                                
Fixed charges:
                                
Interest expense:
                                
Corporate
   $ 32,367     $ 36,505     $ 97,884     $ 106,650  
Amortization of deferred financing costs
     855       1,585       2,718       5,202  
Implicit interest in rental expense
     1,916       2,329       5,708       7,118  
 
                        
Fixed charges
   $ 35,138     $ 40,419     $ 106,310     $ 118,970  
 
                        
Ratio (earnings divided by fixed charges)
     1.45       2.06       2.26       2.20