SERVICE CORP INTERNATIONAL
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
SCI$73.17-0.8%Stored close · as of Nov 9, 2026
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14. Supplementary Information
PART II
- Supplementary Information
The detail of certain balance sheet accounts is as follows:
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Cash and cash equivalents: | ||
| Cash | $142,386 | $151,608 |
| Commercial paper and temporary investments | 76,380 | 69,949 |
| $218,766 | $221,557 | |
| Other current assets: | ||
| Prepaid insurance | 4,824 | 5,182 |
| Prepaid expenses | 15,827 | 13,355 |
| Restricted cash | 2,000 | 370 |
| Other | 4,479 | 4,103 |
| $27,130 | $23,010 | |
| Cemetery property: | ||
| Undeveloped land | $1,380,619 | $1,328,358 |
| Developed lots, lawn crypts, mausoleum spaces, cremation niches, and cremation memorialization property | 748,785 | 692,488 |
| $2,129,404 | $2,020,846 | |
| Property and equipment, net: | ||
| Land | $793,520 | $761,092 |
| Buildings and improvements | 2,803,194 | 2,685,867 |
| Operating equipment | 893,074 | 816,602 |
| Leasehold improvements | 51,479 | 46,254 |
| Finance leases | 339,999 | 339,395 |
| 4,881,266 | 4,649,210 | |
| Less: Accumulated depreciation | (2,100,292) | (1,957,141) |
| Less: Accumulated amortization of finance leases | (199,905) | (211,970) |
| $2,581,069 | $2,480,099 | |
| Deferred charges and other assets: | ||
| Intangible assets, net | $512,382 | $485,109 |
| Restricted cash | 633 | 2,834 |
| Deferred tax assets | 6,890 | 7,320 |
| Notes receivable, net of reserves of $1,796 and $1,797, respectively | 8,293 | 8,497 |
| Cash surrender value of insurance policies | 244,439 | 220,587 |
| Deferred incremental direct selling costs | 430,262 | 406,181 |
| Operating leases | 50,113 | 50,973 |
| Other | 64,244 | 66,329 |
| $1,317,256 | $1,247,830 | |
78 Service Corporation International
PART II
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Accounts payable and accrued liabilities: | ||
| Accounts payable | $203,344 | $203,352 |
| Accrued benefits | 144,450 | 169,164 |
| Accrued interest | 36,710 | 25,632 |
| Accrued property taxes | 15,319 | 13,891 |
| Self-insurance reserves | 105,775 | 103,297 |
| Legal reserves | 13,795 | 63,595 |
| Bank overdrafts | 30,173 | 36,562 |
| Operating leases | 7,861 | 7,782 |
| Other accrued liabilities | 81,847 | 62,424 |
| $639,274 | $685,699 | |
| Other liabilities: | ||
| Accrued benefit costs | $11,507 | $13,539 |
| Deferred compensation | 223,948 | 201,287 |
| Customer refund obligation reserve | 35,354 | 37,729 |
| Tax liability | 1,235 | 2,318 |
| Payable to perpetual care trust | 171,977 | 148,198 |
| Operating leases | 45,269 | 46,050 |
| Other | 24,190 | 15,814 |
| $513,480 | $464,935 | |
Certain Non-Cash Investing and Financing Transactions
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In thousands) | |||
| Net change in capital expenditure accrual | $2,185 | $9,171 | $3,817 |
| Options exercised by attestation | $— | $— | $280 |
| Shares repurchased | $— | $— | $(280) |
| Excise tax accrual on shares repurchased | $754 | $4,724 | $— |
FORM 10-K 79
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