SERVICE CORP INTERNATIONAL

Listed Company

SCICIK 0000089089NYSELarge AcceleratedServices-Personal ServicesTexasFY ends Dec 31

Period

FY 2025

Revenue

$4.31B

Net Income

$542.61M

Total Assets

$18.65B

Equity

$1.64B

Shares Out

138.15M

Op. Cash Flow

$942.80M

Business

SERVICE CORP INTERNATIONAL is North America’s largest provider of deathcare products and services, operating an extensive network of funeral service locations and cemeteries. It offers funeral and cremation services, cemetery property and interment rights, memorial and cemetery merchandise, preneed contracts, and related services including crematoria, embalming, memorialization, and event/catering options. The company’s operations are organized around funeral service locations, cemeteries, combination funeral/cemetery sites, crematoria, and centralized corporate support functions. It serves customers across the United States, Canada, Puerto Rico and the District of Columbia through owned and leased locations and digital channels.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	4,309	4,186	4,100	4,109	4,143
Costs of revenue	−3,169	−3,096	−3,008	−2,954	−2,820
Gains on divestitures, net	10	11	13	11	29
Gross profits	1,140	1,091	1,092	1,155	1,323
Corporate general and administrative expenses	−166	−139	−157	−237	−158
Restructuring Charges	2	11	0	0	—
Gains (loss) on divestitures and impairment charges, net	6	−12	10	10	25
Operating income	978	928	944	927	1,191
Interest expense	−255	−258	−239	−172	−151
Losses on early extinguishment of debt, net	−523,000	−25,000	−1	−1	−5
Other income, net	8	6	5	2	11
Income from continuing operations before income taxes	730	675	709	756	1,046
Provision for income taxes	−187	−157	−171	−190	−242
Net income	543	519	538	566	803
Net income attributable to noncontrolling interests	−231,000	−105,000	−344,000	−696,000	−313,000
Net income attributable to common stockholders	543	519	537	565	803
Net income attributable to common stockholders, basic	3.83	3.57	3.57	3.58	4.79
Basic weighted average number of shares	142	145	151	158	168
Net income attributable to common stockholders, diluted	3.8	3.53	3.53	3.53	4.72
Diluted weighted average number of shares	143	147	152	160	170

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	244	219	222	192	269
Receivables, net	100	94	98	97	106
Inventories	35	33	34	32	26
Income tax receivable	5	4	122	7	—
Other	33	31	23	32	40
Total current assets	412	377	498	360	441
Preneed receivables, net and trust investments	7,361	6,739	6,192	5,577	6,015
Financing Receivable, Allowance for Credit Loss, Noncurrent	−2	−2	−2	−4	−5
Cemetery property	2,202	2,129	2,021	1,940	1,901
Property and equipment, net	2,752	2,581	2,480	2,351	2,252
Goodwill	2,169	2,081	1,977	1,946	1,915
Deferred charges and other assets	1,361	1,317	1,248	1,190	1,170
Cemetery perpetual care trust investments	2,399	2,154	1,939	1,702	1,997
Total assets	18,655	17,379	16,355	15,066	15,691
Accounts payable and accrued liabilities	685	639	686	707	659
Current maturities of long-term debt	57	84	63	91	65
Income taxes payable	4	715,000	60,000	1	4
Total current liabilities	746	724	749	799	728
Long-term debt	5,083	4,751	4,649	4,251	3,901
Deferred preneed revenue	1,779	1,755	1,704	1,624	1,533
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	691	649	638	445	438
Other liabilities	551	513	465	411	439
Deferred receipts held in trust	5,784	5,163	4,671	4,164	4,766
Care trusts corpus	2,382	2,145	1,938	1,698	1,976
Commitments and contingencies (Note 9)	—	—	—	—	—
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,639	1,679	1,541	1,673	1,909
Common Stock, Value, Outstanding	140	145	146	154	163
Capital in excess of par value	987	987	938	958	979
Accumulated deficit	499	554	432	544	727
Accumulated other comprehensive income	12	−7	25	17	40
Total common stockholders equity	1,638	1,678	1,541	1,673	1,909
Noncontrolling interests	570,000	664,000	209,000	232,000	4,000
Common stock, par or stated value per share	1	1	1	1	1
Common stock, shares authorized	500	500	500	500	500
Common stock, shares, issued	142	147	148	156	167
Common stock, shares outstanding	140	145	146	154	163
Total liabilities and equity	18,655	17,379	16,355	15,066	15,691
Accounts Receivable, Allowance for Credit Loss	−4	−4	−4	−6	−6

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	220	208	191	175	159
Amortization of intangibles	16	17	19	18	20
Amortization of cemetery property	104	103	101	94	98
Amortization of loan costs	9	8	7	7	6
Provision for expected credit losses	9	12	11	17	11
Provision for deferred income taxes	41	8	192	3	−6
Gain (Loss) on Disposition of Assets	−6	12	−10	−10	−25
Share-based compensation	18	19	17	15	14
Increase (Decrease) in Other Operating Assets	−32	65	−132	−8	−55
Increase (Decrease) in Other Operating Liabilities	12	21	−11	37	54
Increase (Decrease) in Accounts and Other Receivables	−10	−1	−4	4	−20
Increase in preneed receivables, net and trust investments	−49	−135	−179	−309	−308
Increase in deferred revenue, net	30	59	158	195	120
Increase (decrease) in deferred receipts held in trust	37	31	−30	21	43
Net cash provided by operating activities	943	945	869	826	921
Capital expenditures	−389	−374	−362	−370	−304
Payments to Acquire Businesses, Net of Cash Acquired	−101	−181	−73	−103	−121
Payments for (Proceeds from) Deposits on Real Estate Acquisitions	−19	−62	−56	−17	−27
Proceeds from divestitures and sales of property and equipment	30	24	26	42	41
Payment for (Proceeds from) Other Investing Activity	−12	−14	−7	1	0
Payment to Acquire Life Insurance Policy, Investing Activities	−229,000	−3	−8	−2	−4
Proceeds from Life Insurance Policy	11	4	10	0	0
Net cash used in investing activities	−548	−621	−469	−448	−415
Proceeds from issuance of long-term debt	1,061	1,451	957	484	975
Debt issuance costs	−5	−15	−7	−525,000	−14
Scheduled payments of debt	−21	−24	−22	−36	−36
Early Repayment of Senior Debt	805	1,316	581	66	—
Finance Lease, Principal Payments	38	37	34	36	35
Proceeds from exercise of stock options	29	57	24	28	39
Proceeds from (Repayments of) Other Debt	55	0	0	—	—
Purchase of Company common stock	−461	−254	−545	−661	−554
Payments of dividends	−184	−174	−168	−160	−147
Proceeds from (Repayments of) Bank Overdrafts	−6	−7	−5	—	—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	−375	−320	−381	−448	−466
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	5	−8	2	−4	−111,000
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Discontinued Operation	−25	−3	−20	—	—
Payments to Acquire Buildings	−70	−15	0	—	—

Filings

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