2020 Q1 Form 10-Q Financial Statement

#000008908920000028 Filed on April 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $803.0M $798.2M
YoY Change 0.6% 0.47%
Cost Of Revenue $623.9M $606.4M
YoY Change 2.89% 1.28%
Gross Profit $179.0M $191.8M
YoY Change -6.67% -2.01%
Gross Profit Margin 22.3% 24.03%
Selling, General & Admin $31.80M $42.50M
YoY Change -25.18% 22.13%
% of Gross Profit 17.76% 22.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.91M $37.13M
YoY Change 2.12% -4.76%
% of Gross Profit 21.17% 19.35%
Operating Expenses $31.80M $42.50M
YoY Change -25.18% 22.13%
Operating Profit $151.8M $147.0M
YoY Change 3.26% -10.21%
Interest Expense $44.35M $47.39M
YoY Change -6.41% 8.75%
% of Operating Profit 29.22% 32.24%
Other Income/Expense, Net -$1.247M $720.0K
YoY Change -273.19% 87.5%
Pretax Income $106.0M $100.3M
YoY Change 5.71% -9.12%
Income Tax $24.04M $21.10M
% Of Pretax Income 22.67% 21.03%
Net Earnings $81.94M $79.32M
YoY Change 3.3% -3.25%
Net Earnings / Revenue 10.2% 9.94%
Basic Earnings Per Share $0.45 $0.44
Diluted Earnings Per Share $0.45 $0.43
COMMON SHARES
Basic Shares Outstanding 180.9M shares 181.7M shares
Diluted Shares Outstanding 183.6M shares 185.3M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.0M $154.0M
YoY Change 14.29% -30.0%
Cash & Equivalents $176.3M $153.7M
Short-Term Investments
Other Short-Term Assets $80.25M $29.33M
YoY Change 173.64% 6.79%
Inventory $27.89M $25.22M
Prepaid Expenses
Receivables $75.00M $82.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $359.5M $290.1M
YoY Change 23.93% -17.37%
LONG-TERM ASSETS
Property, Plant & Equipment $2.058B $1.993B
YoY Change 3.24% 5.44%
Goodwill $1.861B $1.859B
YoY Change 0.12% 2.2%
Intangibles
YoY Change
Long-Term Investments $5.540B $6.072B
YoY Change -8.76% 6.58%
Other Assets $1.017B $1.023B
YoY Change -0.63% 16.59%
Total Long-Term Assets $12.36B $12.79B
YoY Change -3.39% 5.89%
TOTAL ASSETS
Total Short-Term Assets $359.5M $290.1M
Total Long-Term Assets $12.36B $12.79B
Total Assets $12.72B $13.08B
YoY Change -2.78% 5.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $475.0M $512.0M
YoY Change -7.23% 9.17%
Accrued Expenses $9.000M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $85.89M $68.55M
YoY Change 25.28% -23.19%
Total Short-Term Liabilities $587.3M $604.5M
YoY Change -2.85% 2.15%
LONG-TERM LIABILITIES
Long-Term Debt $3.536B $3.409B
YoY Change 3.71% 2.79%
Other Long-Term Liabilities $350.6M $359.3M
YoY Change -2.42% -11.03%
Total Long-Term Liabilities $3.886B $3.769B
YoY Change 3.13% 1.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $587.3M $604.5M
Total Long-Term Liabilities $3.886B $3.769B
Total Liabilities $4.474B $4.373B
YoY Change 2.3% 1.41%
SHAREHOLDERS EQUITY
Retained Earnings $562.5M $508.6M
YoY Change 10.61% 52.33%
Common Stock $1.011B $989.0M
YoY Change 2.19% 2.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.751B $1.700B
YoY Change
Total Liabilities & Shareholders Equity $12.72B $13.08B
YoY Change -2.78% 5.23%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $81.94M $79.32M
YoY Change 3.3% -3.25%
Depreciation, Depletion And Amortization $37.91M $37.13M
YoY Change 2.12% -4.76%
Cash From Operating Activities $180.0M $184.9M
YoY Change -2.65% -12.56%
INVESTING ACTIVITIES
Capital Expenditures -$52.30M -$51.60M
YoY Change 1.36% 11.69%
Acquisitions $26.30M $13.88M
YoY Change 89.45% -59.09%
Other Investing Activities -$17.40M $0.00
YoY Change -100.0%
Cash From Investing Activities -$69.67M -$70.94M
YoY Change -1.8% -11.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $123.1M $14.54M
YoY Change 746.53% -87.76%
Debt Paid & Issued, Net $8.535M
YoY Change 0.0%
Cash From Financing Activities -$110.1M -$162.7M
YoY Change -32.33% -33.19%
NET CHANGE
Cash From Operating Activities $180.0M $184.9M
Cash From Investing Activities -$69.67M -$70.94M
Cash From Financing Activities -$110.1M -$162.7M
Net Change In Cash -$8.005M -$47.19M
YoY Change -83.04% -58.34%
FREE CASH FLOW
Cash From Operating Activities $180.0M $184.9M
Capital Expenditures -$52.30M -$51.60M
Free Cash Flow $232.3M $236.5M
YoY Change -1.78% -8.21%

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RepaymentsOfOtherLongTermDebt
135000000 USD
CY2019Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-5358000 USD
CY2020Q1 sci Proceeds From Divestitures And Sales Of Property And Equipment Net
ProceedsFromDivestituresAndSalesOfPropertyAndEquipmentNet
11324000 USD
CY2019Q1 sci Proceeds From Divestitures And Sales Of Property And Equipment Net
ProceedsFromDivestituresAndSalesOfPropertyAndEquipmentNet
7764000 USD
CY2020Q1 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
3770000 USD
CY2019Q1 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
7891000 USD
CY2020Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
3519000 USD
CY2019Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69665000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70940000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
75000000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
15000000 USD
CY2020Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
8222000 USD
CY2019Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
8535000 USD
CY2020Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
25792000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15126000 USD
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15962000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
123102000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14542000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
34414000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
32820000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1575000 USD
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
7906000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-110083000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-162686000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-8249000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1540000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8005000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-47190000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242620000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
207584000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234615000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
160394000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1641815000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
86614000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
32820000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15962000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4568000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
14542000 USD
CY2019Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
1192000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1700405000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1823255000 USD
CY2020Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
17118000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
50799000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
34414000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15126000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3406000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
123102000 USD
CY2020Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
1095000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1751093000 USD
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
Nature of Operations<div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:8.5pt;"><span style="font-family:Montserrat Light,sans-serif;font-size:8.5pt;">We are North America’s largest provider of deathcare products and services, with a network of funeral service locations and cemeteries operating in the United States and Canada. Our funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other related businesses, which enable us to serve a wide array of customer needs. We sell cemetery property and funeral and cemetery merchandise and services at the time of need and on a preneed basis.</span></div><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:8.5pt;"><span style="font-family:Montserrat Light,sans-serif;font-size:8.5pt;">Funeral service locations provide all professional services relating to funerals and cremations, including the use of funeral facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, cremations, memorialization, travel protection, and catering. Funeral merchandise, including burial caskets and related accessories, urns and other cremation receptacles, outer burial containers, flowers, online and video tributes, stationery products, casket and cremation memorialization products, and other ancillary merchandise, is sold at funeral service locations.</span></div><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:8.5pt;"><span style="font-family:Montserrat Light,sans-serif;font-size:8.5pt;">Our cemeteries provide cemetery property interment rights, including developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options. Cemetery merchandise and services, including memorial markers and bases, outer burial containers, flowers and floral placement, other ancillary merchandise, graveside services, merchandise installation, and interments, are sold at our cemeteries.</span></div>
CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-bottom:12px;padding-top:16px;text-align:left;font-size:10pt;"><span style="font-family:Montserrat Light,sans-serif;font-size:10pt;color:#4b7282;">Reclassifications to Prior Period Financial Statements and Adjustments</span></div><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:8.5pt;"><span style="font-family:Montserrat Light,sans-serif;font-size:8.5pt;">Certain reclassifications have been made to prior period amounts to conform to the current period financial statement presentation with no effect on our previously reported results of operations, consolidated financial position, or cash flows except as described below under </span><span style="font-family:Montserrat Medium,sans-serif;font-size:8.5pt;font-style:italic;">"Accounting Standards Adopted in </span><span style="font-family:Montserrat Medium,sans-serif;font-size:8.5pt;font-style:italic;">2020</span><span style="font-family:Montserrat Medium,sans-serif;font-size:8.5pt;font-style:italic;">"</span><span style="font-family:Montserrat Light,sans-serif;font-size:8.5pt;">. </span></div>
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:12px;padding-top:16px;text-align:left;font-size:10pt;"><span style="font-family:Montserrat Light,sans-serif;font-size:10pt;color:#4b7282;">Use of Estimates in the Preparation of Financial Statements</span></div><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:8.5pt;"><span style="font-family:Montserrat Light,sans-serif;font-size:8.5pt;">The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. As a result, actual results could differ from these estimates.</span></div>
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
176261000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
186276000 USD
CY2020Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
56308000 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
54293000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2046000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2051000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
58354000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
56344000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234615000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242620000 USD
CY2020Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
80549000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5485000 USD
CY2020Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
75064000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
83933000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2262000 USD
CY2019Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
81671000 USD
CY2019Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
3000000.0 USD
CY2020Q1 sci Intangible Fair Value Inputs Royalty Savings Rate Low
IntangibleFairValueInputsRoyaltySavingsRateLow
0.020
CY2020Q1 sci Intangible Fair Value Inputs Royalty Savings Rate High
IntangibleFairValueInputsRoyaltySavingsRateHigh
0.050
CY2020Q1 sci Intangibles Fair Value Inputs Discount Rate
IntangiblesFairValueInputsDiscountRate
0.0695
CY2020Q1 us-gaap Accounts Receivable Noncurrent Originated In Current Fiscal Year
AccountsReceivableNoncurrentOriginatedInCurrentFiscalYear
90303000 USD
CY2020Q1 us-gaap Accounts Receivable Noncurrent Originated In Fiscal Year Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedInFiscalYearBeforeLatestFiscalYear
367096000 USD
CY2020Q1 us-gaap Accounts Receivable Noncurrent Originated Two Years Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedTwoYearsBeforeLatestFiscalYear
230669000 USD
CY2020Q1 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
952989000 USD
CY2019Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
947232000 USD
CY2020Q1 us-gaap Assets Held In Trust
AssetsHeldInTrust
4333117000 USD
CY2019Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
5258319000 USD
CY2020Q1 sci Insurancebackedfixedincomesecuritiesandother
Insurancebackedfixedincomesecuritiesandother
253571000 USD
CY2019Q4 sci Insurancebackedfixedincomesecuritiesandother
Insurancebackedfixedincomesecuritiesandother
265160000 USD
CY2020Q1 us-gaap Investments
Investments
4586688000 USD
CY2019Q4 us-gaap Investments
Investments
5523479000 USD
CY2020Q1 sci Cemetery Perpetual Care Trust Investments
CemeteryPerpetualCareTrustInvestments
1417652000 USD
CY2019Q4 sci Cemetery Perpetual Care Trust Investments
CemeteryPerpetualCareTrustInvestments
1681149000 USD
CY2020Q1 sci Preneedtrustinvestments
Preneedtrustinvestments
3169036000 USD
CY2019Q4 sci Preneedtrustinvestments
Preneedtrustinvestments
3842330000 USD
CY2020Q1 sci Preneedreceivablesnetandtrustinvestmentsexcludingallowanceforcancellation
Preneedreceivablesnetandtrustinvestmentsexcludingallowanceforcancellation
4122025000 USD
CY2019Q4 sci Preneedreceivablesnetandtrustinvestmentsexcludingallowanceforcancellation
Preneedreceivablesnetandtrustinvestmentsexcludingallowanceforcancellation
4789562000 USD
CY2020Q1 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
968213000 USD
CY2020Q1 sci Preneed Accounts Receivable Gross
PreneedAccountsReceivableGross
1016597000 USD
CY2020Q1 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
48384000 USD
CY2020Q1 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
968213000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
15224000 USD
CY2020Q1 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
952989000 USD
CY2019Q4 sci Preneed Accounts Receivable Gross
PreneedAccountsReceivableGross
1038944000 USD
CY2019Q4 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
50570000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
988374000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
41142000 USD
CY2019Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
947232000 USD
CY2020Q1 us-gaap Accounts Receivable Noncurrent Originated Three Years Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedThreeYearsBeforeLatestFiscalYear
144103000 USD
CY2020Q1 us-gaap Accounts Receivable Noncurrent Originated Four Years Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedFourYearsBeforeLatestFiscalYear
76390000 USD
CY2020Q1 us-gaap Accounts Receivable Noncurrent Originated Five Or More Years Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
59652000 USD
CY2020Q1 us-gaap Accounts Receivable Noncurrent Past Due
AccountsReceivableNoncurrentPastDue
83686000 USD
CY2020Q1 us-gaap Accounts Receivable Noncurrent Not Past Due
AccountsReceivableNoncurrentNotPastDue
884527000 USD
CY2020Q1 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
968213000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-1644000 USD
CY2020Q1 sci Accounts Receivable Allowancefor Credit Loss Acquisitions
AccountsReceivableAllowanceforCreditLossAcquisitions
4000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1128000 USD
CY2020Q1 sci Effectof Foreign Exchangeon Allowancefor Credit Loss
EffectofForeignExchangeonAllowanceforCreditLoss
45000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
15224000 USD
CY2020Q1 sci Deposits To Trust
DepositsToTrust
105553000 USD
CY2019Q1 sci Deposits To Trust
DepositsToTrust
100452000 USD
CY2020Q1 sci Withdrawals From Trust
WithdrawalsFromTrust
114592000 USD
CY2019Q1 sci Withdrawals From Trust
WithdrawalsFromTrust
107356000 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
434367000 USD
CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
446761000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
334140000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
317855000 USD
CY2020Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
52157000 USD
CY2019Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
43525000 USD
CY2020Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
85402000 USD
CY2019Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
32631000 USD
CY2020Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
3627639000 USD
CY2020Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
162267000 USD
CY2020Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
683793000 USD
CY2020Q1 sci Available For Sale Securities Fair Value
AvailableForSaleSecuritiesFairValue
3106113000 USD
CY2020Q1 sci Available For Sale Securities Estimated Maturity Date Minimum
AvailableForSaleSecuritiesEstimatedMaturityDateMinimum
2020
CY2020Q1 sci Available For Sale Securities Estimated Maturity Date Maximum
AvailableForSaleSecuritiesEstimatedMaturityDateMaximum
2040
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
54159000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
33570000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
8478000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
73000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
96280000 USD
CY2020Q1 sci Investment Earnings Net
InvestmentEarningsNet
32200000 USD
CY2019Q1 sci Investment Earnings Net
InvestmentEarningsNet
27500000 USD
CY2020Q1 sci Ecf Investment Earnings Net
ECFInvestmentEarningsNet
19500000 USD
CY2019Q1 sci Ecf Investment Earnings Net
ECFInvestmentEarningsNet
20500000 USD
CY2019Q1 sci Deferredrevenueanddeferredreceiptsheldintrust
Deferredrevenueanddeferredreceiptsheldintrust
5029602000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
1157000 USD
CY2020Q1 sci Deferredrevenue Gross
DeferredrevenueGross
2058152000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
3053000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
36000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
20656000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1121000 USD
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
23709000 USD
CY2019Q4 sci Deferredrevenue Gross
DeferredrevenueGross
2046000000 USD
CY2020Q1 sci Amounts Duefor Unfulfilled Performance Obligations
AmountsDueforUnfulfilledPerformanceObligations
579632000 USD
CY2019Q1 sci Amounts Duefor Unfulfilled Performance Obligations
AmountsDueforUnfulfilledPerformanceObligations
578897000 USD
CY2020Q1 us-gaap Deferred Revenue
DeferredRevenue
1478520000 USD
CY2019Q4 us-gaap Deferred Revenue
DeferredRevenue
1467103000 USD
CY2019Q4 sci Deferredrevenueanddeferredreceiptsheldintrust
Deferredrevenueanddeferredreceiptsheldintrust
5306479000 USD
CY2018Q4 sci Deferredrevenueanddeferredreceiptsheldintrust
Deferredrevenueanddeferredreceiptsheldintrust
4790552000 USD
CY2020Q1 sci Net Preneed Deferred Sales
NetPreneedDeferredSales
238471000 USD
CY2019Q1 sci Net Preneed Deferred Sales
NetPreneedDeferredSales
240388000 USD
CY2020Q1 sci Deferred Revenue Acquisitions Dispositions Of Businesses Net
DeferredRevenueAcquisitionsDispositionsOfBusinessesNet
12743000 USD
CY2019Q1 sci Deferred Revenue Acquisitions Dispositions Of Businesses Net
DeferredRevenueAcquisitionsDispositionsOfBusinessesNet
-12310000 USD
CY2020Q1 sci Deferred Investment Earnings Net
DeferredInvestmentEarningsNet
-665127000 USD
CY2019Q1 sci Deferred Investment Earnings Net
DeferredInvestmentEarningsNet
230540000 USD
CY2020Q1 sci Recognized Revenue From Backlog
RecognizedRevenueFromBacklog
-121611000 USD
CY2019Q1 sci Recognized Revenue From Backlog
RecognizedRevenueFromBacklog
-115103000 USD
CY2020Q1 sci Recognized Revenue From Current Period
RecognizedRevenueFromCurrentPeriod
-107821000 USD
CY2019Q1 sci Recognized Revenue From Current Period
RecognizedRevenueFromCurrentPeriod
-101242000 USD
CY2020Q1 sci Changeinamountsdueforunfulfilledperformanceobligations
Changeinamountsdueforunfulfilledperformanceobligations
-2555000 USD
CY2019Q1 sci Changeinamountsdueforunfulfilledperformanceobligations
Changeinamountsdueforunfulfilledperformanceobligations
-6178000 USD
CY2020Q1 sci Deferred Revenue Change In Cancellation Allowance
DeferredRevenueChangeInCancellationAllowance
1095000 USD
CY2019Q1 sci Deferred Revenue Change In Cancellation Allowance
DeferredRevenueChangeInCancellationAllowance
148000 USD
CY2020Q1 sci Effect Of Foreign Currency And Other On Deferred Revenue
EffectOfForeignCurrencyAndOtherOnDeferredRevenue
-17468000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1300000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
700000 USD
CY2019Q1 sci Effect Of Foreign Currency And Other On Deferred Revenue
EffectOfForeignCurrencyAndOtherOnDeferredRevenue
2807000 USD
CY2020Q1 sci Deferredrevenueanddeferredreceiptsheldintrust
Deferredrevenueanddeferredreceiptsheldintrust
4644206000 USD
CY2020Q1 sci Federal Statutory Tax Rate
FederalStatutoryTaxRate
0.210
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.210
CY2020Q1 us-gaap Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
625625000 USD
CY2019Q4 us-gaap Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
633750000 USD
CY2020Q1 us-gaap Line Of Credit
LineOfCredit
345000000 USD
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
295000000 USD
CY2020Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
33622000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
34854000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
3621639000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
3583351000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
85885000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
69821000 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3535754000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3513530000 USD
CY2020Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0464
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0472
CY2020Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.69
CY2020Q1 us-gaap Interest Paid
InterestPaid
10100000 USD
CY2019Q1 us-gaap Interest Paid
InterestPaid
24900000 USD
CY2019Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
143500000 USD
CY2020Q1 us-gaap Line Of Credit
LineOfCredit
345000000.0 USD
CY2020Q1 sci Letters Of Credit Maximum Borrowing Capacity
LettersOfCreditMaximumBorrowingCapacity
34000000.0 USD
CY2020Q1 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0020
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
621000000.0 USD
CY2020Q1 us-gaap Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
75000000.0 USD
CY2019Q1 us-gaap Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
15000000.0 USD
CY2020Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
34000000.0 USD
CY2020Q1 us-gaap Redemption Premium
RedemptionPremium
100000 USD
CY2020Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
100000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-100000 USD
CY2019Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
100000 USD
CY2020Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
45707000 USD
CY2019Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
45104000 USD
CY2020Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3569916000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3583241000 USD
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2900722 shares
CY2020Q1 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
123100000 USD
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
42.44
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
193700000 USD
CY2020Q1 us-gaap Revenues
Revenues
802965000 USD
CY2019Q1 us-gaap Revenues
Revenues
798212000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
179044000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
191834000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31813000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
42978000 USD
CY2020Q1 sci Gain Loss On Divestitures And Impairment Charges Net
GainLossOnDivestituresAndImpairmentChargesNet
4545000 USD
CY2019Q1 sci Gain Loss On Divestitures And Impairment Charges Net
GainLossOnDivestituresAndImpairmentChargesNet
-1878000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
151776000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
146978000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
44351000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
47390000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-139000 USD
CY2019Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1247000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
720000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
106039000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100308000 USD
CY2020Q1 us-gaap Revenues
Revenues
802965000 USD
CY2019Q1 us-gaap Revenues
Revenues
798212000 USD
CY2020Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
86300000 USD
CY2019Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
84300000 USD
CY2020Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
13600000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
81941000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
79323000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180854000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181696000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183585000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
185317000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2020Q1 sci Payments To Acquire Businesses Includiing1031 Exchange Funds
PaymentsToAcquireBusinessesIncludiing1031ExchangeFunds
28500000 USD
CY2019Q1 sci Payments To Acquire Businesses Includiing1031 Exchange Funds
PaymentsToAcquireBusinessesIncludiing1031ExchangeFunds
19200000 USD
CY2020Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
7629000 USD
CY2019Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
546000 USD
CY2020Q1 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
-3084000 USD
CY2019Q1 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
-2424000 USD
CY2020Q1 sci Gain Loss On Divestitures And Impairment Charges Net
GainLossOnDivestituresAndImpairmentChargesNet
4545000 USD
CY2019Q1 sci Gain Loss On Divestitures And Impairment Charges Net
GainLossOnDivestituresAndImpairmentChargesNet
-1878000 USD

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