EX-12.1 3 exhibit1212014930.htm EXHIBIT 12.1 Exhibit 12.1 2014.9.30


Exhibit 12.1

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

 
Three months ended September 30,
Nine months ended
September 30,
 
2014
2013
2014
2013
Earnings:
 
 
 
 
Pretax income
$
91,735

$
45,633

$
225,009

$
195,406

Add fixed charges as adjusted (from below)
46,139

40,072

142,944

109,591

 
$
137,874

$
85,705

$
367,953

$
304,997

Fixed charges:
 
 
 
 
Interest expense:
 
 
 
 
Corporate
$
40,989

$
36,569

$
128,243

$
99,592

Amortization of deferred financing costs
2,387

1,511

6,436

3,997

1/3 of rental expense
2,763

1,992

8,265

6,002

Fixed charges
$
46,139

$
40,072

$
142,944

$
109,591

Ratio (earnings divided by fixed charges)
2.99

2.14

2.57

2.78