SERVICE CORP INTERNATIONAL
For the period ended Sep 30, 2024. Filed Oct 31, 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.
Sep 30, 2024 · Filed Oct 31, 2024
SCI$73.17-0.8%Stored close · as of Nov 9, 2026
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Unaudited Condensed Consolidated Statement of Operations -
Condensed Consolidated Statement of Operations (Unaudited)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands, except per share amounts) | ||||
| Revenue | ||||
| Property and merchandise revenue | $504,565 | $520,651 | $1,549,461 | $1,568,750 |
| Service revenue | 422,739 | 407,471 | 1,295,701 | 1,256,919 |
| Other revenue | 86,654 | 73,737 | 248,194 | 218,313 |
| Total revenue | 1,013,958 | 1,001,859 | 3,093,356 | 3,043,982 |
| Costs of revenue | ||||
| Cost of property and merchandise | (259,168) | (263,251) | (794,176) | (795,152) |
| Cost of service | (232,989) | (225,673) | (706,646) | (686,705) |
| Overhead and other expenses | (269,162) | (259,252) | (807,767) | (757,880) |
| Costs of revenue | (761,319) | (748,176) | (2,308,589) | (2,239,737) |
| Gross profit | 252,639 | 253,683 | 784,767 | 804,245 |
| Corporate general and administrative expenses | (43,732) | (33,213) | (124,055) | (112,294) |
| Gains on divestitures and impairment charges, net | 3,515 | 2,542 | 4,755 | 10,187 |
| Operating income | 212,422 | 223,012 | 665,467 | 702,138 |
| Interest expense | (65,804) | (61,512) | (194,540) | (174,904) |
| Losses on early extinguishment of debt | (25) | — | (25) | (1,114) |
| Other income, net | 2,815 | 128 | 7,002 | 2,647 |
| Income before income taxes | 149,408 | 161,628 | 477,904 | 528,767 |
| Provision for income taxes | (31,547) | (39,585) | (110,549) | (129,543) |
| Net income | 117,861 | 122,043 | 367,355 | 399,224 |
| Net income attributable to noncontrolling interests | (34) | (72) | (61) | (302) |
| Net income attributable to common stockholders | $117,827 | $121,971 | $367,294 | $398,922 |
| Basic earnings per share: | ||||
| Net income attributable to common stockholders | $0.81 | $0.81 | $2.53 | $2.63 |
| Basic weighted average number of shares | 144,706 | 150,630 | 145,421 | 151,654 |
| Diluted earnings per share: | ||||
| Net income attributable to common stockholders | $0.81 | $0.80 | $2.50 | $2.60 |
| Diluted weighted average number of shares | 146,223 | 152,289 | 146,978 | 153,554 |
FORM 10-Q 5
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