Service Corporation International (SCI) financial statements (2022 and earlier)

Company profile

Business Address 1929 ALLEN PKWY
HOUSTON, TX 77019
State of Incorp. TX
Fiscal Year End December 31
SIC 72 - Personal Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments269231186199330195
Cash and cash equivalents269231186199330195
Receivables1069382749098
Inventory, net of allowances, customer advances and progress billings262425252526
Inventory262425252526
Other current assets402880343635
Total current assets:441376374331481354
Noncurrent Assets
Finance lease, right-of-use asset131146180
Operating lease, right-of-use asset  58
Property, plant and equipment2,2522,1342,0651,9771,8731,828
Long-term investments and receivables1,2441,0701,0049511,35710
Accounts and financing receivable, after allowance for credit loss1,2441,0701,0049511,35710
Intangible assets, net (including goodwill)1,9151,8802,2952,2982,1802,167
Goodwill1,9151,8801,8641,8641,8061,799
Intangible assets, net (excluding goodwill)  431434374368
Regulated entity, other noncurrent assets453735323833
Restricted cash and investments  2225
Customer funds  47485252
Other noncurrent assets1,1701,0801,030934601568
Other undisclosed noncurrent assets8,4937,7936,5876,1206,2807,022
Total noncurrent assets:15,25014,13913,30412,36212,38311,684
TOTAL ASSETS:15,69114,51513,67712,69312,86512,038
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:659576479480489440
Accrued liabilities927463757456
Employee-related liabilities18414799909588
Taxes payable192625241321
Interest and dividends payable232015263028
Other undisclosed accounts payable and accrued liabilities342308276264277247
Debt    33790
Other undisclosed current liabilities69240787628
Total current liabilities:728816557556829538
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,9013,5143,5143,5323,1353,197
Long-term debt, excluding current maturities3,9013,5143,5143,5323,1353,197
Finance lease, liability103102146
Operating lease, liability  52
Other undisclosed long-term debt and lease obligation(103)(102)(198)   
Liabilities, other than long-term debt4394205528618601,110
Accounts payable and accrued liabilities   101914
Deferred compensation liability, classified  152127121105
Deferred tax liabilities, net405284455
Liability, pension and other postretirement and postemployment benefits  22222527
Other liabilities439420378297411510
Other undisclosed noncurrent liabilities8,7138,0137,2316,1036,6316,098
Total noncurrent liabilities:13,05311,94711,29710,49610,62610,405
Total liabilities:13,78212,76311,85411,05111,45510,943
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9091,7531,8231,6421,4091,093
Additional paid in capital9799821,010973970990
Accumulated other comprehensive income403930134216
Retained earnings (accumulated deficit)727561602474210(103)
Other undisclosed stockholders' equity attributable to parent163171181181187189
Stockholders' equity attributable to noncontrolling interest0(0)(0)(0)03
Total stockholders' equity:1,9091,7531,8231,6421,4091,095
TOTAL LIABILITIES AND EQUITY:15,69114,51513,67712,69312,86512,038

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4,1433,5123,2313,1903,0953,031
Revenue, net3,0953,031
Cost of revenue(2,840)(2,535)(2,470)(2,430)(2,373)(2,355)
Cost of goods and services sold    (1,524)(1,508)
Gross profit:1,304977761760722676
Operating expenses(183)(210)(127)(145)(154)(138)
Other undisclosed operating income (loss)707633161(27)
Operating income:1,191843667631569512
Nonoperating income (expense)111030(1)
Investment income, nonoperating291242202578
Interest and debt expense(145)(145)(202)(192)(169)(185)
Income from continuing operations before equity method investments, income taxes:1,056699464442400327
Other undisclosed loss from continuing operations before income taxes(10)(37)    
Income from continuing operations before income taxes:1,046662464442400327
Income tax expense (benefit)(242)(146)(95)6147(149)
Income before gain (loss) on sale of properties:803516370448547177
Unusual or infrequent item, or both, net (gain) loss    (6) 
Other undisclosed net income    6 
Net income:803516370448547177
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:803516370447547177
Interest on convertible debt    00
Net income available to common stockholders, diluted:803516370447547177

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:803516370448547177
Other undisclosed comprehensive income (loss)11016(28)2510
Comprehensive income:804526386419572188
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:804525386419572187

Statements sources

The financial statements are based on the company's filings with the 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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