Carriage Services Inc. (CSV) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3040 POST OAK BOULEVARD HOUSTON, TX 77056 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 72 - Personal Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,523 | 1,170 | 1,148 | 889 | 716 | 644 | |||
| Cash and cash equivalents | 1,523 | 1,170 | 1,148 | 889 | 716 | 644 | |||
| Receivables | 27,060 | 24,458 | 25,314 | 25,103 | 21,478 | 18,897 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,347 | 7,613 | 7,346 | 7,259 | 6,989 | 6,751 | |||
| Inventory | 8,347 | 7,613 | 7,346 | 7,259 | 6,989 | 6,751 | |||
| Prepaid expense | 1,596 | 1,456 | |||||||
| Deferred costs | |||||||||
| Other current assets | 1,555 | ||||||||
| Other undisclosed current assets | 4,791 | 4,733 | 6,404 | 2,076 | 9,071 | ||||
| Total current assets: | 41,721 | 37,974 | 40,212 | 35,327 | 39,850 | 29,303 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 8,249 | 6,770 | 6,770 | 6,770 | ✕ | ||||
| Operating lease, right-of-use asset | 16,295 | 17,060 | 17,881 | 21,201 | 22,304 | ✕ | |||
| Property, plant and equipment | 287,484 | 278,106 | 269,367 | 269,051 | 279,200 | 260,838 | |||
| Long-term investments and receivables | (2,151) | ||||||||
| Accounts and financing receivable, after allowance for credit loss | (2,151) | ||||||||
| Intangible assets, net (including goodwill) | 423,643 | 410,137 | 391,972 | 392,978 | 398,292 | 303,887 | |||
| Goodwill | 423,643 | 410,137 | 391,972 | 392,978 | 398,292 | 303,887 | |||
| Other noncurrent assets | 28,862 | 25,610 | 23,565 | 23,565 | 25,233 | 17,635 | |||
| Other undisclosed noncurrent assets | 461,798 | 417,293 | 428,864 | 396,933 | 364,876 | 307,990 | |||
| Total noncurrent assets: | 1,226,331 | 1,154,976 | 1,138,419 | 1,110,498 | 1,089,905 | 888,199 | |||
| TOTAL ASSETS: | 1,268,052 | 1,192,950 | 1,178,631 | 1,145,825 | 1,129,755 | 917,502 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 47,228 | 42,296 | 57,978 | 42,397 | 32,439 | 31,395 | |||
| Accounts payable | 11,866 | 11,675 | 14,205 | 11,259 | 8,413 | 9,987 | |||
| Accrued liabilities | 35,362 | 30,621 | 43,773 | 31,138 | 24,026 | 21,408 | |||
| Debt | 1,129 | 969 | 896 | 1,350 | 1,306 | 2,327 | |||
| Other liabilities | 1,236 | ||||||||
| Other undisclosed current liabilities | 2,713 | 2,203 | 1,913 | 4,620 | 1,844 | ||||
| Total current liabilities: | 51,070 | 45,468 | 60,787 | 48,367 | 35,589 | 34,958 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 11,292 | 8,181 | 27,656 | 30,315 | 109,373 | 39,213 | |||
| Long-term debt, excluding current maturities | 5,461 | 3,438 | 3,979 | 4,482 | 87,840 | 33,070 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,143 | ||
| Finance lease, liability | 5,831 | 4,743 | 5,157 | 5,531 | ✕ | ||||
| Liabilities, other than long-term debt | 69,779 | 69,200 | 47,203 | 51,225 | 2,207 | 35,966 | |||
| Deferred rent credit | 692 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 31,263 | ||
| Deferred income tax liabilities | 52,127 | 48,820 | 45,784 | 46,477 | ✕ | ||||
| Other liabilities | 1,855 | 3,065 | 1,419 | 4,748 | 1,737 | 3,133 | |||
| Operating lease, liability | 15,797 | 17,315 | 18,520 | 20,302 | 21,533 | ✕ | |||
| Business combination, contingent consideration, liability | 470 | 878 | |||||||
| Other undisclosed noncurrent liabilities | 962,851 | 932,967 | 914,970 | 775,416 | 756,017 | 585,873 | |||
| Total noncurrent liabilities: | 1,043,922 | 1,010,348 | 989,829 | 856,956 | 867,597 | 661,052 | |||
| Total liabilities: | 1,094,992 | 1,055,816 | 1,050,616 | 905,323 | 903,186 | 696,010 | |||
| Equity | |||||||||
| Equity, attributable to parent | 173,060 | 137,134 | 128,015 | 240,502 | 226,569 | 221,492 | |||
| Common stock | 266 | 264 | 263 | 260 | 259 | 257 | |||
| Treasury stock, value | (278,753) | (278,753) | (244,519) | (102,050) | (102,050) | (94,294) | |||
| Additional paid in capital | 241,291 | 238,780 | 236,809 | 239,989 | 242,147 | 243,849 | |||
| Retained earnings | 210,256 | 176,843 | 135,462 | 102,303 | 86,213 | 71,680 | |||
| Total equity: | 173,060 | 137,134 | 128,015 | 240,502 | 226,569 | 221,492 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,268,052 | 1,192,950 | 1,178,631 | 1,145,825 | 1,129,755 | 917,502 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 382,520 | 370,174 | 375,886 | 329,448 | 274,107 | 267,992 | ||
| Cost of revenue | (258,225) | (250,948) | (246,370) | (223,525) | (194,522) | (192,045) | ||
| Gross profit: | 124,295 | 119,226 | 129,516 | 105,923 | 79,585 | 75,947 | ||
| Operating expenses | (43,316) | (39,500) | (35,856) | (48,696) | (27,296) | (32,640) | ||
| Operating income: | 80,979 | 79,726 | 93,660 | 57,227 | 52,289 | 43,307 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 1,373 | 82 | (84) | 152 | (4,110) | (1,238) | ||
| Interest and debt expense | (36,266) | (26,085) | (49,252) | (32,521) | (25,522) | (21,611) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (216) | (241) | (2,192) | |||||
| Income from continuing operations before equity method investments, income taxes: | 46,086 | 53,723 | 44,324 | 24,642 | 22,416 | 18,266 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 343 | 3,471 | (20) | |||||
| Income from continuing operations before income taxes: | 46,429 | 57,194 | 44,304 | 24,642 | 22,416 | 18,266 | ||
| Income tax expense | (13,186) | (16,243) | (12,316) | (7,985) | (7,395) | (5,754) | ||
| Income from continuing operations: | 33,243 | 40,951 | 31,988 | 16,657 | 15,021 | 12,512 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 31,988 | 16,657 | 15,021 | 12,512 | |
| Income from discontinued operations | ||||||||
| Other undisclosed net income (loss) | 170 | 430 | 1,171 | (567) | (488) | (867) | ||
| Net income: | 33,413 | 41,381 | 33,159 | 16,090 | 14,533 | 11,645 | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income available to common stockholders, basic: | 33,413 | 41,381 | 33,159 | 16,090 | 14,533 | 11,645 | ||
| Dilutive securities, effect on basic earnings per share | 55 | 183 | 475 | 196 | 118 | 66 | ||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net income available to common stockholders, diluted: | 33,468 | 41,564 | 33,634 | 16,286 | 14,651 | 11,711 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 33,413 | 41,381 | 33,159 | 16,090 | 14,533 | 11,645 | ||
| Comprehensive income, net of tax, attributable to parent: | 33,413 | 41,381 | 33,159 | 16,090 | 14,533 | 11,645 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.