Service Corporation International (SCI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1929 ALLEN PKWY
HOUSTON, TX 77019
State of Incorp. TX
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 millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments192269231186199330
Cash and cash equivalents192269231186199330
Receivables9710693827490
Inventory, net of allowances, customer advances and progress billings322624252525
Inventory322624252525
Other current assets394028803436
Other undisclosed current assets      
Total current assets:360441376374331481
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  131146180✕✕
Operating lease, right-of-use asset    58✕✕
Property, plant and equipment2,3512,2522,1342,0651,9771,873
Long-term investments and receivables1,4021,2441,0701,0049511,357
Accounts and financing receivable, after allowance for credit loss1,4021,2441,0701,0049511,357
Intangible assets, net (including goodwill)1,9461,9151,8802,2952,2982,180
Goodwill1,9461,9151,8801,8641,8641,806
Intangible assets, net (excluding goodwill)    431434374
Regulated entity, other noncurrent assets404537353238
Restricted cash and investments    222
Customer funds    474852
Other noncurrent assets1,1901,1701,0801,030934601
Other undisclosed noncurrent assets7,7788,4937,7936,5876,1206,280
Total noncurrent assets:14,70615,25014,13913,30412,36212,383
TOTAL ASSETS:15,06615,69114,51513,67712,69312,865
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:707659576479480489
Interest and dividends payable✕✕2320152630
Taxes payable✕✕1926252413
Employee-related liabilities✕✕184147999095
Accrued liabilities3089274637574
Other undisclosed accounts payable and accrued liabilities400342308276264277
Debt91    337
Other undisclosed current liabilities16924078762
Total current liabilities:799728816557556829
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,2513,9013,5143,5143,5323,135
Long-term debt, excluding current maturities4,2513,9013,5143,5143,5323,135
Finance lease, liability78103102146✕✕
Other undisclosed long-term debt and lease obligation(78)(103)(102)(198)  
Liabilities, other than long-term debt411439420552861860
Accounts payable and accrued liabilities     1019
Deferred compensation liability, classified    152127121
Deferred tax liabilities, net✕✕✕✕✕405284
Liability, pension and other postretirement and postemployment benefits    222225
Other liabilities411439420378297411
Operating lease, liability    52✕✕
Other undisclosed noncurrent liabilities7,9318,7138,0137,2316,1036,631
Total noncurrent liabilities:12,59313,05311,94711,29710,49610,626
Total liabilities:13,39313,78212,76311,85411,05111,455
Equity
Equity, attributable to parent, including:1,6731,9091,7531,8231,6421,409
Additional paid in capital9589799821,010973970
Accumulated other comprehensive income174039301342
Retained earnings544727561602474210
Other undisclosed equity, attributable to parent154163171181181187
Equity, attributable to noncontrolling interest00(0)(0)(0)0
Total equity:1,6731,9091,7531,8231,6421,409
TOTAL LIABILITIES AND EQUITY:15,06615,69114,51513,67712,69312,865

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,1094,1433,5123,2313,1903,095
Revenue, net✕✕✕✕✕✕3,095
Cost of revenue(2,954)(2,840)(2,535)(2,470)(2,430)(2,373)
Cost of goods and services sold      (1,524)
Gross profit:1,1551,304977761760722
Operating expenses(297)(183)(210)(127)(145)(154)
Other undisclosed operating income69707633161
Operating income:9271,191843667631569
Nonoperating income2111030
Investment income, nonoperating  29124220257
Unusual or infrequent item, or both, net (gain) loss      (6)
Interest and debt expense(173)(145)(145)(202)(192)(169)
Income from continuing operations before equity method investments, income taxes:7561,056699464442400
Other undisclosed loss from continuing operations before income taxes  (10)(37)   
Income from continuing operations before income taxes:7561,046662464442400
Income tax expense (benefit)(190)(242)(146)(95)6147
Income from continuing operations:566803516370448547
Income before gain (loss) on sale of properties:✕✕803516370448547
Other undisclosed net income      6
Net income:566803516370448547
Net loss attributable to noncontrolling interest(1)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:565803516370447547
Interest on convertible debt      0
Net income available to common stockholders, diluted:565803516370447547

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:566803516370448547
Other undisclosed comprehensive income (loss)(24)11016(28)25
Comprehensive income:542804526386419572
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)(0)(0)(0)(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:542804525386419572

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.

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