EX-12
ROSE HILLS COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
12 Months Period
Satellite Ended
Mortuary Cemetery Properties Satellite
12/31/95 12/31/95 12/31/95 Pro Forma Mortuary Cemetery Properties
Actual Actual Actual 12/31/95 11/18/96 11/18/96 11/18/96
-------- -------- -------- -------- -------- -------- ----------
Ratio of Earnings to Fixed Charges
Earnings:
Income (loss) before income taxes $2.3 $2.2 $0.4 ($9.1) ($0.4) $2.1 $0.1
Add: Fixed Charges, net 2.4 0.2 1.1 16.4 1.5 0.1 0.9
-------- -------- -------- -------- -------- -------- ----------
Income (loss) before income
taxes and fixed charges,
net 4.7 2.4 1.5 7.3 1.1 2.2 1.0
-------- -------- -------- -------- -------- -------- ----------
Fixed Charges:
Total interest expense (1) 2.4 0.2 0.9 16.4 1.5 0.1 0.8
Discount/Premium to any
indebtedness 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Interest factor in rents 0.0 0.0 0.0 0.0 0.0 0.0 0.1
-------- -------- -------- -------- -------- -------- ----------
Total fixed charges 2.4 0.2 0.9 16.4 1.5 0.1 0.9
-------- -------- -------- -------- -------- -------- ----------
Ratio of Earnings to Fixed Charges 1.96 12.00 1.67 --- --- 22.00 1.11
(Ratio must be greater than one
to one)
Coverage Deficiency (Excess) ($2.3) ($2.3) ($0.6) $9.1 $0.4 ($2.1) ($0.1)
Rose Hills
Company
Period
Ended
11/19/96
to Pro Forma
12/31/96 12/31/96
-------- --------
Ratio of Earnings to Fixed Charges
Earnings:
Income (loss) before income taxes ($0.7) ($9.4)
Add: Fixed Charges, net 2.0 16.2
------- --------
Income (loss) before income
taxes and fixed charges,
net 1.3 6.8
------- --------
Fixed Charges:
Total interest expense (1) 2.0 16.1
Discount/Premium to any
indebtedness 0.0 0.0
Interest factor in rents 0.0 0.1
------- --------
Total fixed charges 2.0 16.2
------- --------
Ratio of Earnings to Fixed Charges --- ---
(Ratio must be greater than one
to one)
Coverage Deficiency (Excess) $0.7 ($9.4)
ROSES, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
Period Ended Three Months Ended
November 18, Combined Company
12/31/92 12/31/93 12/31/94 12/31/95 1996 03/31/96 03/31/97
-------- -------- -------- -------- -------- -------- ----------
Ratio of Earnings to Fixed Charges
Earnings:
Income (loss) before income taxes ($0.1) $0.8 $2.2 $2.3 ($0.4) $1.3 $1.0
Add: Fixed Charges, net 2.7 2.1 2.1 2.4 1.4 0.4 3.9
-------- -------- -------- -------- -------- -------- ----------
Income (loss) before income
taxes and fixed charges,
net 2.6 2.9 4.3 4.7 1.0 1.7 4.9
-------- -------- -------- -------- -------- -------- ----------
Fixed Charges:
Total interest expense (1) 2.7 2.1 2.1 2.4 1.4 0.4 3.9
Discount/Premium to any
indebtedness 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Interest factor in rents 0.0 0.0 0.0 0.0 0.0 0.0 0.0
-------- -------- -------- -------- -------- -------- ----------
Total fixed charges 2.7 2.1 2.1 2.4 1.4 0.4 3.9
-------- -------- -------- -------- -------- -------- ----------
Ratio of Earnings to Fixed Charges --- 1.38 2.05 1.96 --- 4.25 1.26
(Ratio must be greater than one
to one)
Coverage Deficiency (Excess) $0.1 ($0.8) ($2.2) ($2.3) $0.4 ($1.3) ($1.0)
Exhibits 12
ROSES HILLS MEMORIAL PARK ASSOCIATION AND
WORKMAN MILL INVESTMENT COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
Period Ended
November 18
12/31/92 12/31/93 12/31/94 12/31/95 1996
-------- -------- -------- -------- --------
Ratio of Earnings to Fixed Charges
Earnings:
Income (loss) before income taxes $1.6 $0.2 $1.4 $2.2 $2.1
Add: Fixed Charges, net 0.5 0.0 0.2 0.2 0.1
-------- -------- -------- -------- --------
Income (loss) before income
taxes and fixed charges,
net 2.1 0.2 1.6 2.4 2.2
-------- -------- -------- -------- --------
Fixed Charges:
Total interest expense 0.5 0.0 0.2 0.2 0.1
Discount/Premium to any
indebtedness 0.0 0.0 0.0 0.0 0.0
Interest factor in rents 0.0 0.0 0.0 0.0 0.0
-------- -------- -------- -------- --------
Total fixed charges 0.5 0.0 0.2 0.2 0.1
-------- -------- -------- -------- --------
Ratio of Earnings to Fixed Charges 4.20 -- 8.0 12.00 22.00
(Ratio must be greater than one
to one)
Coverage Deficiency (Excess) ($1.6) ($0.2) ($1.4) ($2.3) ($2.1)