EX-12.1 2 h38785a1exv12w1.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)     (Restated)  
Earnings:
                
 
                
Income from continuing operations before income taxes and cumulative effects of accounting changes
   $ 59,191     $ 92,458  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     13       284  
Add fixed charges as adjusted (from below)
     91,456       107,715  
 
            
 
   $ 150,660     $ 200,457  
 
            
 
                
Fixed charges:
                
Interest expense:
                
Corporate
   $ 69,684     $ 85,042  
Amortization of debt costs
     7,715       7,105  
1/3 of rental expense
     14,057       15,568  
 
            
Fixed charges
     91,456       107,715  
Less: Capitalized interest
     —       —  
 
            
Fixed charges as adjusted
   $ 91,456     $ 107,715  
 
            
 
                
Ratio (earnings divided by fixed charges)
     1.65       1.86