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EXHIBIT 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
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Nine Months Ended September 30,
2000 1999
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(Thousands, except ratio amounts)
<S> <C> <C>
Pretax income from continuing operations ........................ $ 150,917 $ 212,364
Undistributed income of less than 50% owned equity investees .... (2,540) (1,337)
Minority interest in income of majority owned subsidiaries
with fixed charges ........................................... 567 257
Add fixed charges as adjusted (from below) ...................... 246,870 201,351
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$ 395,814 $ 412,635
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Fixed charges:
Interest expense:
Corporate .............................................. $ 211,516 $ 173,350
Financial services ..................................... 8,833 8,689
Capitalized ............................................ (1) 1,250
Amortization of debt costs ...................................... 4,854 254
1/3 of rental expense ........................................... 21,667 19,058
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Fixed charges ................................................... 246,869 202,601
Less: Capitalized interest ...................................... 1 (1,250)
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Fixed charges as adjusted ....................................... $ 246,870 $ 201,351
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Ratio (earnings divided by fixed charges) ....................... 1.60 2.04
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