EX-12.1 3 h40698exv12w1.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,  
    2006     2005  
Earnings:
                
Income from continuing operations before income taxes and cumulative effect of accounting change
   $ 91,921     $ 59,191  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     (62 )     13  
Add fixed charges (from below)
     92,241       89,857  
 
            
 
   $ 184,100     $ 149,061  
 
            
Fixed charges:
                
Interest expense:
                
Corporate
   $ 72,765     $ 69,684  
Amortization of deferred financing costs
     13,902       7,715  
Implicit interest in rental expense
     5,574       12,458  
 
            
Fixed charges
   $ 92,241     $ 89,857  
 
            
Ratio (earnings divided by fixed charges)
     2.00       1.66