SERVICE CORP INTERNATIONAL
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed Apr 30, 2026
SCI$74.36+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Balance Sheet -
PART I
Condensed Consolidated Balance Sheet (Unaudited)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| (In thousands, except share amounts) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $257,959 | $243,581 |
| Receivables, net of reserves of $3,725 and $3,944, respectively | 100,255 | 100,415 |
| Inventories | 38,414 | 35,246 |
| Income tax receivable | 22,202 | 4,999 |
| Other | 28,912 | 27,552 |
| Total current assets | 447,742 | 411,793 |
| Preneed receivables, net of reserves of $34,639 and $34,680, respectively, and trust investments | 7,264,446 | 7,360,793 |
| Cemetery property | 2,226,549 | 2,201,967 |
| Property and equipment, net | 2,790,176 | 2,751,761 |
| Goodwill | 2,173,354 | 2,169,055 |
| Deferred charges and other assets, net of reserves of $2,636 and $2,460, respectively | 1,307,041 | 1,360,530 |
| Cemetery perpetual care trust investments | 2,365,441 | 2,398,613 |
| Total assets | $18,574,749 | $18,654,512 |
| LIABILITIES & EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $728,493 | $685,156 |
| Current maturities of long-term debt | 57,300 | 56,847 |
| Income taxes payable | 4,805 | 3,701 |
| Total current liabilities | 790,598 | 745,704 |
| Long-term debt | 5,105,516 | 5,082,970 |
| Deferred revenue, net | 1,799,576 | 1,779,266 |
| Deferred tax liability | 698,346 | 691,033 |
| Other liabilities | 543,820 | 550,793 |
| Deferred receipts held in trust | 5,709,204 | 5,784,398 |
| Care trusts’ corpus | 2,342,740 | 2,381,507 |
| Commitments and contingencies (Note 9) | ||
| Equity: | ||
| Common stock, $1 per share par value, 500,000,000 shares authorized, 142,215,508 and 141,957,004 shares issued, respectively, and 138,147,494 and 139,678,199 shares outstanding, respectively | 138,147 | 139,678 |
| Capital in excess of par value | 981,975 | 987,210 |
| Retained earnings | 458,980 | 498,958 |
| Accumulated other comprehensive income | 5,309 | 12,425 |
| Total common stockholders’ equity | 1,584,411 | 1,638,271 |
| Noncontrolling interests | 538 | 570 |
| Total equity | 1,584,949 | 1,638,841 |
| Total liabilities and equity | $18,574,749 | $18,654,512 |
FORM 10-Q 7
PART I
Condensed Consolidated Statement of Cash Flows (Unaudited)
| Three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands) | ||
| Cash flows from operating activities: | ||
| Net income | $135,873 | $142,927 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 56,686 | 54,126 |
| Amortization of intangibles | 3,656 | 4,200 |
| Amortization of cemetery property | 22,602 | 22,296 |
| Amortization of loan costs | 2,226 | 2,181 |
| Provision for expected credit losses | 1,943 | 2,311 |
| Provision for deferred income taxes | 7,249 | 2,669 |
| Gains on divestitures and impairment charges, net | (1,274) | (4,971) |
| Share-based compensation | 4,163 | 3,841 |
| Change in assets and liabilities, net of effects from acquisitions and divestitures: | ||
| Decrease (increase) in receivables | 401 | (104) |
| Decrease (increase) in other assets | 27,713 | (2,365) |
| Increase in payables and other liabilities | 33,736 | 48,296 |
| Effect of preneed sales production and maturities: | ||
| Increase in preneed receivables, net and trust investments | 8,158 | 5,076 |
| Increase in deferred revenue, net | 11,122 | 16,051 |
| Increase in deferred receipts held in trust | 19,539 | 14,613 |
| Net cash provided by operating activities | 333,793 | 311,147 |
| Cash flows from investing activities: | ||
| Capital expenditures | (79,889) | (78,185) |
| Business acquisitions, net of cash acquired | (24,085) | (14,869) |
| Real estate acquisitions | (3,839) | (2,011) |
| Corporate headquarters | (28,156) | (8,916) |
| Proceeds from divestitures and sales of property and equipment | 3,727 | 9,537 |
| Payments for Company-owned life insurance policies | (96) | (57) |
| Proceeds from Company-owned life insurance policies and other | — | 3,757 |
| Net cash used in investing activities | (132,338) | (90,744) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | 140,000 | 185,000 |
| Scheduled payments of debt | (6,830) | (6,541) |
| Early payments of debt | (140,000) | (195,000) |
| Proceeds from corporate headquarters debt facility | 26,082 | 2,522 |
| Principal payments on finance leases | (9,784) | (9,332) |
| Proceeds from exercise of stock options | 6,029 | 3,907 |
| Purchase of Company common stock | (143,153) | (130,450) |
| Payments of dividends | (47,080) | (45,991) |
| Bank overdrafts and other | (10,173) | (9,809) |
| Net cash used in financing activities | (184,909) | (205,694) |
| Effect of foreign currency | (2,045) | 128 |
| Net increase in cash, cash equivalents, and restricted cash | 14,501 | 14,837 |
| Cash, cash equivalents, and restricted cash at beginning of period | 246,468 | 221,399 |
| Cash, cash equivalents, and restricted cash at end of period | $260,969 | $236,236 |
8 Service Corporation International
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.