SERVICE CORP INTERNATIONAL
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
SCI$74.36+1.6%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Balance Sheet -
PART I
Condensed Consolidated Balance Sheet (Unaudited)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| (In thousands, except share amounts) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $184,431 | $221,557 |
| Receivables, net of reserves of $4,168 and $4,382, respectively | 87,073 | 97,939 |
| Inventories | 33,402 | 33,597 |
| Income tax receivable | 72,886 | 122,183 |
| Other | 32,814 | 23,010 |
| Total current assets | 410,606 | 498,286 |
| Preneed receivables, net of reserves of $35,914 and $32,475, respectively, and trust investments | 6,470,228 | 6,191,912 |
| Cemetery property | 2,066,038 | 2,020,846 |
| Property and equipment, net | 2,497,141 | 2,480,099 |
| Goodwill | 2,007,695 | 1,977,186 |
| Deferred charges and other assets, net of reserves of $2,395 and $2,345, respectively | 1,289,452 | 1,247,830 |
| Cemetery perpetual care trust investments | 2,039,659 | 1,939,241 |
| Total assets | $16,780,819 | $16,355,400 |
| LIABILITIES & EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $656,710 | $685,759 |
| Current maturities of long-term debt | 85,982 | 63,341 |
| Total current liabilities | 742,692 | 749,100 |
| Long-term debt | 4,688,655 | 4,649,155 |
| Deferred revenue, net | 1,711,981 | 1,703,509 |
| Deferred tax liability | 645,585 | 638,106 |
| Other liabilities | 480,849 | 464,935 |
| Deferred receipts held in trust | 4,939,678 | 4,670,884 |
| Care trusts’ corpus | 2,031,689 | 1,938,238 |
| Commitments and contingencies (Note 9) | ||
| Equity: | ||
| Common stock, $1 per share par value, 500,000,000 shares authorized, 149,017,073 and 148,297,042 shares issued, respectively, and 144,537,780 and 146,323,340 shares outstanding, respectively | 144,538 | 146,323 |
| Capital in excess of par value | 945,646 | 937,596 |
| Retained earnings | 436,896 | 432,454 |
| Accumulated other comprehensive income | 12,498 | 24,891 |
| Total common stockholders’ equity | 1,539,578 | 1,541,264 |
| Noncontrolling interests | 112 | 209 |
| Total equity | 1,539,690 | 1,541,473 |
| Total liabilities and equity | $16,780,819 | $16,355,400 |
FORM 10-Q 7
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