EXHIBIT 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
<Table>
<Caption>
Nine Months Ended September 30,
2002 2001
------------- ---------------
(Thousands, except ratio amounts)
(Loss) income before income taxes, extraordinary items
and cumulative effects of accounting changes ................ $(132,452) $ 13,396
Undistributed income of less than 50% owned equity investees ... -- (948)
Minority interest in income of majority owned subsidiaries
with fixed charges .......................................... 647 (1,813)
Add fixed charges as adjusted (from below) ..................... 139,442 187,568
--------- ---------
$ 7,637 $ 198,203
--------- ---------
Fixed charges:
Interest expense:
Corporate ................................................. $ 118,133 $ 159,849
Amortization of debt costs ................................ 4,880 4,541
1/3 of rental expense .......................................... 16,429 23,178
--------- ---------
Fixed charges .................................................. 139,442 187,568
Less: Capitalized interest ..................................... -- --
--------- ---------
Fixed charges as adjusted ...................................... $ 139,442 $ 187,568
========= =========
Ratio (earnings divided by fixed charges) ...................... (A) 1.06
========= =========
</Table>
(A) Due to the loss in the nine months ended September 30, 2002 the ratio
coverage was less than 1:1. In order to achieve a coverage of 1:1, the
Company would have had to generate additional income before income taxes
extraordinary items and cumulative effects of accounting changes of $131,805
for the nine months ended September 30, 2002.
Excluding impairment losses and other operating expenses, the ratio of earnings
to fixed charges would have been 1.95 and 1.36 for the nine months ended
September 30, 2002 and 2001, respectively.