EX-12.1 6 sci-12312017x10kxex121.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,
 
2017
2016
2015
2014
2013
Earnings:
 
 
 
 
 
Pretax income
$
400,258

$
326,658

$
370,351

402,600

245,206

Add fixed charges as adjusted (from below)
177,984

171,291

182,484

188,362

150,410

 
$
578,242

$
497,949

$
552,835

$
590,962

$
395,616

Fixed charges:
 
 
 
 
 
Interest expense:
 
 
 
 
 
Corporate
163,266

156,267

163,463

168,746

136,917

Amortization of deferred financing costs
5,859

5,826

9,434

8,825

5,443

1/3 of rental expense
8,859

9,198

9,587

10,791

8,050

Fixed charges
$
177,984

$
171,291

$
182,484

$
188,362

$
150,410

Ratio (earnings divided by fixed charges)
3.25

2.91

3.03

3.14

2.63