$SCI

SERVICE CORPORATION INTERNATIONAL

CIK:0000089089|SEC Filings

Consolidated Statement of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Product Information [Line Items]
Revenue	$ 1,103,288	$ 1,065,444	$ 2,199,742	$ 2,139,611
Costs of revenue	(829,787)	(794,006)	(1,639,790)	(1,576,756)
Gross profit	273,501	271,438	559,952	562,855
Corporate general and administrative expenses	(41,775)	(49,466)	(85,686)	(94,167)
Restructuring Charges	0	(1,575)	0	(1,575)
Gain Loss On Divestitures And Impairment Charges Net	(138)	4,062	1,136	9,033
Operating income	231,588	224,459	475,402	476,146
Interest expense	(64,711)	(64,071)	(128,717)	(125,554)
Other income (expense), net	(57)	3,914	1,341	7,066
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	166,820	164,302	348,026	357,658
(Provision for) benefit from income taxes	(41,943)	(41,378)	(87,276)	(91,807)
Net income	124,877	122,924	260,750	265,851
Net income attributable to noncontrolling interests	(52)	(59)	(117)	(106)
Net income attributable to common stockholders	$ 124,825	$ 122,865	$ 260,633	$ 265,745
Basic earnings per share:
Net income attributable to common stockholders, basic	$ 0.91	$ 0.87	$ 1.89	$ 1.86
Basic weighted average number of shares	137,519	141,897	138,268	143,001
Diluted earnings per share:
Net income attributable to common stockholders, diluted	$ 0.90	$ 0.86	$ 1.87	$ 1.84
Diluted weighted average number of shares	138,327	142,992	139,122	144,134
Dividends declared per share	$ 0.36	$ 0.32
Product [Member]
Product Information [Line Items]
Revenue	$ 527,255	$ 518,011	$ 1,035,518	$ 1,011,666
Costs of revenue	(284,075)	(275,781)	(553,293)	(536,784)
Service [Member]
Product Information [Line Items]
Revenue	458,027	438,319	939,399	920,209
Costs of revenue	(256,835)	(245,256)	(508,109)	(489,555)
Product and Service, Other [Member]
Product Information [Line Items]
Revenue	118,006	109,114	224,825	207,736
Costs of revenue	$ (288,877)	$ (272,969)	$ (578,388)	$ (550,417)

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
Net income	$ 260,750	$ 265,851
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	114,081	108,257
Amortization of intangibles	7,038	8,441
Amortization of cemetery property	48,581	48,195
Amortization of loan costs	4,474	4,383
Provision for expected credit losses	4,217	5,234
Provision for deferred income taxes	13,307	4,621
Gain (Loss) on Disposition of Assets	(1,136)	(9,033)
Share-based compensation	10,387	9,589
Change in assets and liabilities, net of effects from acquisitions and divestitures:
Increase (Decrease) in Accounts Receivable	(5,094)	6,205
Increase (Decrease) in Other Operating Assets	24,982	(16,110)
Increase (Decrease) in Operating Liabilities	21,679	11,996
Effect of preneed funeral production and maturities:
Increase in preneed receivables, net and trust investments	8,318	(28,062)
Increase in deferred revenue, net	40,995	23,785
Increase in deferred receipts held in trust	19,860	34,228
Net cash provided by operating activities	572,439	477,580
Cash flows from investing activities:
Capital expenditures	(175,593)	(161,201)
Payments to Acquire Businesses, Net of Cash Acquired	(39,469)	(28,242)
Payments for (Proceeds from) Deposits on Real Estate Acquisitions	(12,835)	(5,422)
Payments to Acquire Buildings	(56,334)	(26,759)
Proceeds from divestitures and sales of property and equipment	5,331	26,762
Payment to Acquire Life Insurance Policy, Investing Activities	(124)	(130)
Proceeds from Life Insurance Policy	0	3,757
Payment for (Proceeds from) Other Investing Activity	(40,737)	0
Net cash used in investing activities	(319,761)	(191,235)
Cash flows from financing activities
Proceeds from issuance of long-term debt	405,000	495,001
Repayments of Unsecured Debt	(13,648)	(12,827)
Early payments of debt	(295,000)	(305,000)
Proceeds from Construction Loans Payable	51,854	17,120
Finance Lease, Principal Payments	19,783	18,853
Proceeds from exercise of stock options	6,599	4,040
Purchase of Company common stock	(266,377)	(324,023)
Payments of dividends	(96,363)	(91,129)
Bank overdrafts and other	(4,773)	(7,354)
Net cash (used in) provided by financing activities	(232,491)	(243,025)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	(4,938)	5,800
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Discontinued Operation	15,249	49,120
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Beginning Balance	246,468	221,399
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Ending Balance	$ 261,717	$ 270,519

Consolidated Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 260,411	$ 243,581
Receivables, net	104,109	100,415
Inventories	38,235	35,246
Other	46,991	32,551
Total current assets	449,746	411,793
Preneed receivables, net and trust investments	7,652,394	7,360,793
Cemetery property	2,251,528	2,201,967
Property and equipment, net	2,835,540	2,751,761
Goodwill	2,174,837	2,169,055
Deferred charges and other assets	1,329,669	1,360,530
Cemetery perpetual care trust investments	2,520,779	2,398,613
Total assets	19,214,493	18,654,512
Current liabilities:
Accounts payable and accrued liabilities	650,833	685,156
Current maturities of long-term debt	195,149	56,847
Income taxes payable	246	3,701
Total current liabilities	846,228	745,704
Long-term debt	5,108,016	5,082,970
Deferred preneed revenue	1,823,627	1,779,266
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	704,103	691,033
Other liabilities	571,893	550,793
Deferred receipts held in trust	6,116,618	5,784,398
Care trusts’ corpus	2,506,248	2,381,507
Commitments and contingencies (Note 9)
Equity:
Common Stock, Value, Outstanding	136,619	139,678
Capital in excess of par value	976,452	987,210
Retained Earnings (Accumulated Deficit)	427,900	498,958
Accumulated other comprehensive income	(3,720)	12,425
Total common stockholders’ equity	1,537,251	1,638,271
Noncontrolling interests	509	570
Total equity	1,537,760	1,638,841
Total liabilities and equity	$ 19,214,493	$ 18,654,512