EX-12.1 2 h59285exv12w1.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)
                                 
    Three months ended     Six months ended  
    June 30,     June 30,  
    2008     2007     2008     2007  
Earnings:
                                
Income from continuing operations before income taxes
   $ 52,169     $ 41,850     $ 118,642     $ 100,064  
Add fixed charges (from below)
     35,108       38,511       71,172       78,551  
 
                        
 
   $ 87,277     $ 80,361     $ 189,814     $ 178,615  
 
                        
Fixed charges:
                                
Interest expense:
                                
Corporate
   $ 32,444     $ 34,662     $ 65,517     $ 70,145  
Amortization of deferred financing costs
     867       1,503       1,863       3,617  
Implicit interest in rental expense
     1,797       2,346       3,792       4,789  
 
                        
Fixed charges
   $ 35,108     $ 38,511     $ 71,172     $ 78,551  
 
                        
Ratio (earnings divided by fixed charges)
     2.49       2.09       2.67       2.27