SERVICE CORP INTERNATIONAL

For the period ended Dec 31, 2023. Filed Feb 13, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 13, 2024

SCI$73.17-0.8%Stored close · as of Nov 9, 2026

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Contents

14. Supplementary Information

PART II

Supplementary Information

The detail of certain balance sheet accounts is as follows:

	Years Ended December 31,
	2023	2022
(In thousands)
Cash and cash equivalents:
Cash	$151,608	$147,408
Commercial paper and temporary investments	69,949	44,530
	$221,557	$191,938
Other current assets:
Prepaid insurance	5,182	5,035
Prepaid expenses	13,355	13,001
Restricted cash	370	10,379
Other	4,103	4,051
	$23,010	$32,466
Cemetery property:
Undeveloped land	$1,328,358	$1,304,514
Developed lots, lawn crypts, mausoleum spaces, cremation niches, and cremation memorialization property	692,488	635,302
	$2,020,846	$1,939,816
Property and equipment, net:
Land	$761,092	$711,672
Buildings and improvements	2,685,867	2,581,695
Operating equipment	816,602	702,028
Leasehold improvements	46,254	44,044
Finance leases	339,395	332,301
	4,649,210	4,371,740
Less: Accumulated depreciation	(1,957,141)	(1,804,703)
Less: Accumulated amortization of finance leases	(211,970)	(216,488)
	$2,480,099	$2,350,549
Deferred charges and other assets:
Intangible assets, net	$485,109	$481,010
Restricted cash	2,834	2,207
Deferred tax assets	7,320	5,910
Notes receivable, net of reserves of $1,797 and $2,546, respectively	8,497	6,821
Cash surrender value of insurance policies	220,587	199,516
Deferred incremental direct selling costs	406,181	384,108
Operating leases	50,973	49,741
Other	66,329	61,113
	$1,247,830	$1,190,426

78 Service Corporation International

PART II

	Years Ended December 31,
	2023	2022
(In thousands)
Accounts payable and accrued liabilities:
Accounts payable	$203,352	$177,970
Accrued benefits	169,164	198,260
Accrued interest	25,632	23,602
Accrued property taxes	13,891	15,151
Self-insurance reserves	103,297	99,252
Legal reserves	63,595	76,866
Bank overdrafts	36,562	39,695
Operating leases	7,782	7,083
Other accrued liabilities	62,424	69,609
	$685,699	$707,488
Other liabilities:
Accrued benefit costs	$13,539	$13,670
Deferred compensation	201,287	174,035
Customer refund obligation reserve	37,729	37,805
Tax liability	2,318	2,208
Payable to perpetual care trust	148,198	127,662
Operating leases	46,050	45,314
Other	15,814	10,682
	$464,935	$411,376

Certain Non-Cash Investing and Financing Transactions

	Years Ended December 31,
	2023	2022	2021
(In thousands)
Net change in capital expenditure accrual	$9,171	$3,817	$3,201
Options exercised by attestation	$—	$280	$323
Shares repurchased	$—	$(280)	$(323)
Excise tax accrual on shares repurchased	$4,724	$—	$—

FORM 10-K 79

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.