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EXHIBIT 12.1
SERVICE CORPORATION INTERNATIONAL
RATIO OF EARNINGS TO FIXED CHARGES
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Six Months Ended June 30,
2000 1999
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(Thousands, except ratio amounts)
<S> <C> <C>
Pretax income from continuing operations .................................. $ 125,990 $ 167,661
Undistributed income of less than 50% owned equity investees .............. (1,403) (1,254)
Minority interest in income of majority owned subsidiaries
with fixed charges ....................................................... 378 (878)
Add fixed charges as adjusted (from below) ................................ 164,394 132,911
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$ 289,359 $ 298,440
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Fixed charges:
Interest expense:
Corporate ........................................................ $ 139,780 $ 114,846
Financial services ............................................... 6,612 5,922
Capitalized ...................................................... (1) 953
Amortization of debt costs ............................................... 3,334 (637)
1/3 of rental expense .................................................... 14,668 12,780
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Fixed charges ............................................................. 164,393 133,864
Less: Capitalized interest ............................................... 1 (953)
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Fixed charges as adjusted ................................................. $ 164,394 $ 132,911
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Ratio (earnings divided by fixed charges) ................................. 1.76 2.23
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