Exhibit 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)
| Nine months ended September 30, | ||||||||
| 2005 | 2004 | |||||||
| (Restated) | (Restated) | |||||||
Earnings: | ||||||||
| Income from continuing operations before income taxes and cumulative effects of accounting changes | $ | 59,191 | $ | 92,458 | ||||
| Minority interest in income of majority owned subsidiaries that have not incurred fixed charges | 13 | 284 | ||||||
| Add fixed charges as adjusted (from below) | 91,456 | 107,715 | ||||||
| $ | 150,660 | $ | 200,457 | |||||
Fixed charges: | ||||||||
| Interest expense: | ||||||||
| Corporate | $ | 69,684 | $ | 85,042 | ||||
| Amortization of debt costs | 7,715 | 7,105 | ||||||
| 1/3 of rental expense | 14,057 | 15,568 | ||||||
| Fixed charges | 91,456 | 107,715 | ||||||
| Less: Capitalized interest | — | — | ||||||
| Fixed charges as adjusted | $ | 91,456 | $ | 107,715 | ||||
| Ratio (earnings divided by fixed charges) | 1.65 | 1.86 | ||||||