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Service Corporation International
Consolidated Balance Sheet
December 31,
2024 2023
(In thousands, except share
amounts)
ASSETS
Current assets:
Cash and cash equivalents $ 218,766 $ 221,557
Receivables, net of reserves of $4,040 and $4,382, respectively 94,341 97,939
Inventories 33,318 33,597
Income tax receivable 3,775 122,183
Other 27,130 23,010
Total current assets 377,330 498,286
Preneed receivables, net of reserves of $35,857 and $32,475, respectively and trust
investments 6,739,332 6,191,912
Cemetery property 2,129,404 2,020,846
Property and equipment, net 2,581,069 2,480,099
Goodwill 2,081,015 1,977,186
Deferred charges and other assets, net of reserves of $2,367 and $2,345, respectively 1,317,256 1,247,830
Cemetery perpetual care trust investments 2,154,032 1,939,241
Total assets $ 17,379,438 $ 16,355,400
LIABILITIES & EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 639,274 $ 685,699
Current maturities of long-term debt 83,850 63,341
Income taxes payable 715 60
Total current liabilities 723,839 749,100
Long-term debt 4,751,448 4,649,155
Deferred revenue, net 1,755,170 1,703,509
Deferred tax liability 649,195 638,106
Other liabilities 513,480 464,935
Deferred receipts held in trust 5,162,525 4,670,884
Care trusts’ corpus 2,145,112 1,938,238
Commitments and contingencies (Note 9)
Equity:
Common stock, $
1 per share par value, 500,000,000 shares authorized, 146,668,589 and
148,297,042 shares issued, respectively, and 144,694,887 and 146,323,340 shares
outstanding, respectively
144,695 146,323
Capital in excess of par value 986,830 937,596
Retained earnings 553,701 432,454
Accumulated other comprehensive (loss) income (7,221) 24,891
Total common stockholders’ equity 1,678,005 1,541,264
Noncontrolling interests 664 209
Total equity 1,678,669 1,541,473
Total liabilities and equity $ 17,379,438 $ 16,355,400
(See notes to consolidated financial statements)
PART II
FORM 10-K 43