Exhibit 12.1
STONEMOR PARTNERS L.P.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
| Year Ended December 31, | ||||||||||||||||||||
| 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||
Net income (loss) | $ | (9,715 | ) | $ | (3,013 | ) | $ | (19,032 | ) | $ | (10,773 | ) | $ | (24,244 | ) | |||||
Income tax expense (benefit) | (4,019 | ) | (1,790 | ) | (2,304 | ) | 3,913 | 1,108 | ||||||||||||
Total fixed charges | 21,385 | 21,687 | 21,768 | 21,996 | 23,032 | |||||||||||||||
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Total earnings | $ | 7,651 | $ | 16,884 | $ | 432 | $ | 15,136 | $ | (104 | ) | |||||||||
Interest and other financing costs, net | $ | 21,064 | $ | 21,405 | $ | 21,447 | $ | 21,610 | $ | 22,585 | ||||||||||
Interest component of rental expense | 321 | 282 | 321 | 386 | 447 | |||||||||||||||
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Total fixed charges | $ | 21,385 | $ | 21,687 | $ | 21,768 | $ | 21,996 | $ | 23,032 | ||||||||||
Ratio of earnings to fixed charges | — | (a) | — | (b) | — | (c) | — | (d) | — | (e) | ||||||||||
| (a) | Earnings were inadequate to cover fixed charges by $13.7 million for the year ended December 31, 2011. |
| (b) | Earnings were inadequate to cover fixed charges by $4.8 million for the year ended December 31, 2012. |
| (c) | Earnings were inadequate to cover fixed charges by $21.3 million for the year ended December 31, 2013. |
| (d) | Earnings were inadequate to cover fixed charges by $6.9 million for the year ended December 31, 2014. |
| (e) | Earnings were inadequate to cover fixed charges by $23.1 million for the year ended December 31, 2015. |