EX-12.1 2 h66702exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)
                 
    Three months ended  
    March 31,  
    2009     2008  
Earnings:
                
Income from continuing operations before income taxes
   $ 54,661     $ 66,473  
Noncontrolling interest in loss of majority owned subsidiaries with fixed charges
     (150 )     —  
Add fixed charges (from below)
     33,468       36,064  
 
            
 
   $ 87,979     $ 102,537  
 
            
 
                
Fixed charges:
                
Interest expense:
                
Corporate
   $ 30,772     $ 33,074  
Amortization of deferred financing costs
     898       995  
Implicit interest in rental expense
     1,798       1,995  
 
            
Fixed charges
   $ 33,468     $ 36,064  
 
            
Ratio (earnings divided by fixed charges)
     2.63       2.84