EX-12.1 2 h38617exv12w1.htm RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)
                 
    Six months ended  
    June 30,  
    2006     2005  
            (Restated)  
Earnings:
                
 
                
Income from continuing operations before income taxes and cumulative effect of accounting change
   $ 83,896     $ 69,265  
Minority interest in income of majority owned subsidiaries that have not incurred fixed charges
     244       149  
Add fixed charges (from below)
     57,224       59,728  
 
            
 
   $ 141,364     $ 129,142  
 
            
 
                
Fixed charges:
                
Interest expense:
                
Corporate
   $ 48,267     $ 46,177  
Amortization of deferred financing costs
     5,070       5,052  
Implicit interest in rental expense
     3,887       8,499  
 
            
Fixed charges
   $ 57,224     $ 59,728  
 
                
Ratio (earnings divided by fixed charges)
     2.47       2.16