EX-12.1 4 sci-12312014x10kxex121.htm EXHIBIT 12.1 SCI-12.31.2014-10K-Ex. 12.1


Exhibit 12.1

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

 
Twelve months ended December 31,
 
2014
2013
2012
2011
2010
Earnings:
 
 
 
 
 
Pretax income
$
402,600

$
245,206

$
245,283

225,140

218,509

Add fixed charges as adjusted (from below)
188,362

150,410

142,634

140,798

135,137

 
$
590,962

$
395,616

$
387,917

$
365,938

$
353,646

Fixed charges:
 
 
 
 
 
Interest expense:
 
 
 
 
 
Corporate
168,746

136,917

130,163

129,346

123,930

Amortization of deferred financing costs
8,825

5,443

4,905

4,436

4,266

1/3 of rental expense
10,791

8,050

7,566

7,016

6,941

Fixed charges
$
188,362

$
150,410

$
142,634

$
140,798

$
135,137

Ratio (earnings divided by fixed charges)
3.14

2.63

2.72

2.60

2.62