EX-12.1 3 exhibit1212014630.htm EXHIBIT 12.1 Exhibit 12.1 2014.6.30


Exhibit 12.1

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

 
Three months ended June 30,
Six months ended
June 30,
 
2014
2013
2014
2013
Earnings:
 
 
 
 
Pretax income
$
69,316

$
56,092

$
133,274

$
149,773

Add fixed charges as adjusted (from below)
48,917

34,690

96,805

69,518

 
$
118,233

$
90,782

$
230,079

$
219,291

Fixed charges:
 
 
 
 
Interest expense:
 
 
 
 
Corporate
$
44,102

$
31,489

$
87,255

$
63,023

Amortization of deferred financing costs
2,205

1,251

4,048

2,486

1/3 of rental expense
2,610

1,950

5,502

4,009

Fixed charges
$
48,917

$
34,690

$
96,805

$
69,518

Ratio (earnings divided by fixed charges)
2.42

2.62

2.38

3.15