CARRIAGE SERVICES INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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 Sheets as of December 31, 202 and
(in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,165 | $1,523 |
| Accounts receivable, net | 30,193 | 27,060 |
| Inventories | 7,920 | 8,347 |
| Prepaid and other current assets | 4,123 | 4,791 |
| Current assets held for sale | 1,135 | — |
| Total current assets | 44,536 | 41,721 |
| Preneed cemetery trust investments | 98,120 | 96,374 |
| Preneed funeral trust investments | 106,219 | 107,842 |
| Preneed cemetery receivables, net | 50,958 | 35,575 |
| Receivables from preneed funeral trusts, net | 22,372 | 21,530 |
| Property, plant and equipment, net | 273,004 | 287,484 |
| Cemetery property, net | 109,576 | 114,580 |
| Goodwill | 414,859 | 423,643 |
| Intangible and other non-current assets, net | 40,427 | 37,677 |
| Operating lease right-of-use assets | 14,953 | 16,295 |
| Cemetery perpetual care trust investments | 85,103 | 85,331 |
| Non-current assets held for sale | 19,453 | — |
| Total assets | $1,279,580 | $1,268,052 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current portion of debt and lease obligations | $3,914 | $3,842 |
| Accounts payable | 15,427 | 11,866 |
| Accrued and other liabilities | 38,460 | 35,362 |
| Current liabilities held for sale | 240 | — |
| Total current liabilities | 58,041 | 51,070 |
| Acquisition debt, net of current portion | 4,895 | 5,461 |
| Long-term liabilities held for sale | 13,842 | — |
| Credit facility | 135,382 | 177,794 |
| Senior notes | 396,597 | 395,905 |
| Obligations under finance leases, net of current portion | 6,045 | 5,831 |
| Obligations under operating leases, net of current portion | 14,035 | 15,797 |
| Deferred preneed cemetery revenue | 61,767 | 61,048 |
| Deferred preneed funeral revenue | 39,261 | 39,537 |
| Deferred tax liability | 51,429 | 52,127 |
| Other long-term liabilities | 1,179 | 1,855 |
| Deferred preneed cemetery receipts held in trust | 98,120 | 96,374 |
| Deferred preneed funeral receipts held in trust | 106,219 | 107,842 |
| Care trusts’ corpus | 84,218 | 84,351 |
| Total liabilities | 1,071,030 | 1,094,992 |
| Commitments and contingencies: | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 80,000,000 shares authorized and 26,881,355 and 26,627,319 shares issued, respectively and 15,253,537 and 14,999,501 shares outstanding, respectively | 269 | 266 |
| Additional paid-in capital | 243,825 | 241,291 |
| Retained earnings | 243,209 | 210,256 |
| Treasury stock, at cost; 11,627,818 shares | (278,753) | (278,753) |
| Total stockholders’ equity | 208,550 | 173,060 |
| Total liabilities and stockholders’ equity | $1,279,580 | $1,268,052 |
The accompanying condensed notes are an integral part of these Consolidated Financial Statements.
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