EX-12.1 10 sci-12312016x10kxex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)

 
Twelve months ended December 31,
 
2016
2015
2014
2013
2012
Earnings:
 
 
 
 
 
Pretax income
$
326,658

$
370,351

$
402,600

245,206

245,283

Add fixed charges as adjusted (from below)
171,291

182,484

188,362

150,410

142,634

 
$
497,949

$
552,835

$
590,962

$
395,616

$
387,917

Fixed charges:
 
 
 
 
 
Interest expense:
 
 
 
 
 
Corporate
156,267

163,463

168,746

136,917

130,163

Amortization of deferred financing costs
5,826

9,434

8,825

5,443

4,905

1/3 of rental expense
9,198

9,587

10,791

8,050

7,566

Fixed charges
$
171,291

$
182,484

$
188,362

$
150,410

$
142,634

Ratio (earnings divided by fixed charges)
2.91

3.03

3.14

2.63

2.72