EX-12.1 3 h28209a1exv12w1.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,  
    2005     2004  
    (Restated)     (Restated)  
Earnings:
                
 
                
Income from continuing operations before income taxes and cumulative effects of accounting changes
   $ 51,141     $ 73,159  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     143       148  
Add fixed charges as adjusted (from below)
     29,083       37,882  
 
            
 
   $ 80,367     $ 111,189  
 
            
 
                
Fixed charges:
                
Interest expense:
                
Corporate
   $ 22,101     $ 30,245  
Amortization of debt costs
     2,555       2,413  
1/3 of rental expense
     4,427       5,224  
 
            
Fixed charges
     29,083       37,882  
Less: Capitalized interest
     —       —  
 
            
Fixed charges as adjusted
   $ 29,083     $ 37,882  
 
            
 
                
Ratio (earnings divided by fixed charges)
     2.76       2.94