CARRIAGE SERVICES INC
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
CSV$29.31+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet as of December 31, 202 and
(in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2022 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,170 | $1,523 |
| Accounts receivable, net | 24,458 | 27,060 |
| Inventories | 7,613 | 8,347 |
| Prepaid and other current assets | 4,733 | 4,791 |
| Total current assets | 37,974 | 41,721 |
| Preneed cemetery trust investments | 95,065 | 96,374 |
| Preneed funeral trust investments | 104,553 | 107,842 |
| Preneed cemetery receivables, net | 26,672 | 35,575 |
| Receivables from preneed funeral trusts, net | 19,976 | 21,530 |
| Property, plant and equipment, net | 278,106 | 287,484 |
| Cemetery property, net | 104,170 | 114,580 |
| Goodwill | 410,137 | 423,643 |
| Intangible and other non-current assets, net | 32,930 | 37,677 |
| Operating lease right-of-use assets | 17,060 | 16,295 |
| Cemetery perpetual care trust investments | 66,307 | 85,331 |
| Total assets | $1,192,950 | $1,268,052 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current portion of debt and lease obligations | $3,172 | $3,842 |
| Accounts payable | 11,675 | 11,866 |
| Accrued and other liabilities | 30,621 | 35,362 |
| Total current liabilities | 45,468 | 51,070 |
| Acquisition debt, net of current portion | 3,438 | 5,461 |
| Credit facility | 188,836 | 177,794 |
| Senior notes | 395,243 | 395,905 |
| Obligations under finance leases, net of current portion | 4,743 | 5,831 |
| Obligations under operating leases, net of current portion | 17,315 | 15,797 |
| Deferred preneed cemetery revenue | 51,746 | 61,048 |
| Deferred preneed funeral revenue | 32,029 | 39,537 |
| Deferred tax liability | 48,820 | 52,127 |
| Other long-term liabilities | 3,065 | 1,855 |
| Deferred preneed cemetery receipts held in trust | 95,065 | 96,374 |
| Deferred preneed funeral receipts held in trust | 104,553 | 107,842 |
| Care trusts’ corpus | 65,495 | 84,351 |
| Total liabilities | 1,055,816 | 1,094,992 |
| Commitments and contingencies: | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 80,000,000 shares authorized and 26,359,876 and 26,627,319 shares issued, respectively and 14,732,058 and 14,999,501 shares outstanding, respectively | 264 | 266 |
| Additional paid-in capital | 238,780 | 241,291 |
| Retained earnings | 176,843 | 210,256 |
| Treasury stock, at cost; 11,627,818 shares | (278,753) | (278,753) |
| Total stockholders’ equity | 137,134 | 173,060 |
| Total liabilities and stockholders’ equity | $1,192,950 | $1,268,052 |
The accompanying condensed notes are an integral part of these Consolidated Financial Statements.
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