EX-12.1 4 h27928exv12w1.htm RATIO OF EARNINGS TO FIXED CHARGES FOR SIX MONTHS exv12w1
 

Exhibit 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)
                 
    Six months ended June 30,  
    2005     2004  
            (Restated)  
Earnings:
                
 
                
Income from continuing operations before income taxes and cumulative effects of accounting changes
   $ 74,996     $ 74,870  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     210       310  
Add fixed charges as adjusted (from below)
     59,298       74,835  
 
            
 
   $ 134,504     $ 150,015  
 
            
 
                
Fixed charges:
                
Interest expense:
                
Corporate
   $ 45,479     $ 59,559  
Amortization of debt costs
     5,052       4,942  
1/3 of rental expense
     8,767       10,334  
 
            
Fixed charges
     59,298       74,835  
Less: Capitalized interest
     —       —  
 
            
Fixed charges as adjusted
   $ 59,298     $ 74,835  
 
            
 
                
Ratio (earnings divided by fixed charges)
     2.27       2.00