Service corporation international (SCI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income

82,001

147,173

70,872

72,513

79,213

193,236

68,993

103,281

82,048

247,395

56,141

68,562

174,749

66,417

47,541

15,893

47,454

72,450

47,927

53,092

61,465

87,949

17,685

31,781

41,391

32,036

27,394

34,436

58,722

27,683

41,797

37,639

48,315

44,550

35,015

26,738

39,929

36,769

18,680

40,227

31,325

Adjustments to reconcile net income to net cash provided by operating activities:
Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,340

884

-178

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt, net

-139

0

-9,058

-7,579

0

0

0

0

-10,131

-274

0

0

0

0

-24

-21,898

-581

0

-6,918

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-5

-1,355

-1,835

-314

-

-

-

-

Depreciation and amortization

37,912

38,384

38,372

37,118

37,126

36,204

39,427

39,088

38,981

39,459

38,186

37,412

38,043

37,702

37,009

36,688

35,834

37,640

34,917

34,858

34,041

34,904

34,503

34,575

36,020

30,544

30,630

30,614

30,447

30,513

30,238

29,570

29,541

29,684

29,403

29,629

29,331

28,715

29,333

29,664

28,679

Amortization of intangibles

5,257

6,275

5,721

6,587

7,066

6,025

6,525

6,542

7,103

6,727

6,872

7,207

6,844

8,746

6,818

7,725

7,667

7,923

7,553

7,833

8,150

8,848

8,446

9,266

10,080

5,240

5,207

5,604

5,808

5,903

5,793

6,008

6,149

6,094

6,825

6,318

6,354

6,381

6,680

6,500

5,636

Amortization of cemetery property

13,924

21,682

15,125

17,800

15,723

21,131

17,696

16,988

12,825

21,569

15,937

16,715

13,881

24,172

14,736

14,238

13,599

21,985

14,395

14,395

11,632

18,962

15,687

14,451

11,339

16,308

12,448

10,613

8,975

13,448

10,524

11,435

9,569

12,157

10,215

8,174

9,500

8,980

9,072

7,932

6,434

Amortization of loan costs

1,276

1,271

1,421

1,369

1,620

1,528

1,514

1,499

1,518

1,515

1,463

1,448

1,433

1,420

1,402

1,389

1,615

2,213

2,356

2,443

2,422

2,389

2,388

2,204

1,844

11,946

1,511

1,251

1,235

1,270

1,229

1,212

1,194

1,177

894

1,181

1,184

1,043

937

1,025

1,261

Provision for expected credit losses

3,197

2,260

2,613

2,356

1,917

1,850

2,028

2,336

2,158

3,134

2,302

2,060

2,484

6,728

2,194

1,316

538

1,420

1,232

741

2,690

1,234

1,601

2,386

2,155

2,636

2,106

1,412

1,720

2,904

1,762

2,197

2,842

2,820

2,397

2,101

1,933

4,018

2,497

1,609

31

Provision for deferred income taxes

4,233

4,695

12,245

3,598

2,492

-66,970

3,480

23,703

-1,692

-169,373

4,647

-3,527

-149,585

18,911

-8,565

-1,565

-1,291

4,287

22,227

-1,842

-6,624

70,057

33,130

16,360

10,124

15,924

13,681

15,969

26,134

14,257

17,495

21,454

18,479

26,474

5,405

15,254

19,379

37,661

6,853

17,995

14,425

(Gains) losses on divestitures and impairment charges, net

4,545

-48,099

1,479

15,579

-1,878

-616

-7,970

-6,865

-482

-1,470

143

-753

-4,935

-3,613

-556

30,641

347

-3,119

-10,764

5,582

1,779

-57,861

-26,570

-34,994

2,812

730

-981

5,545

969

2,394

-315

-1,058

490

-4,287

5,001

9,843

420

-2,681

7,291

-13,602

480

Share-based compensation

3,406

3,466

3,550

3,445

4,568

3,886

4,196

3,845

3,699

4,069

3,074

4,012

3,633

3,857

3,625

3,507

3,067

3,126

3,433

3,261

4,023

3,385

3,319

3,293

3,130

3,038

3,037

3,020

2,830

2,766

3,248

2,395

2,574

2,301

2,301

2,289

2,253

2,164

2,169

2,221

2,324

Excess tax benefits from share-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

1,173

7,243

2,011

2,258

857

4,263

7,492

5,511

9,396

8,206

5,777

6,744

-6,083

525

4,786

772

0

0

0

0

-

-

-

-

-

-

-

-

Change in assets and liabilities, net of effects from acquisitions and divestitures:
Decrease (increase) in receivables

2,460

-18,741

-5,578

2,892

8,716

-9,016

1,929

10,622

-11,587

22,308

7,873

-9,482

-10,959

25,645

-1,246

-861

-9,340

11,260

-9,448

-5,170

2,894

11,606

-203

3,014

4,227

3,075

-9,970

1,840

-5,962

10,848

2,420

985

-4,471

21,423

-7,277

7,188

-13,494

21,354

4,241

-8,376

-2,658

Decrease (increase) in other assets

10,549

-45,517

3,856

5,463

13,180

-14,437

8,616

3,950

6,685

-1,461

7,999

2,687

5,128

-30,431

6,088

3,170

-1,598

-3,084

-134

6,655

-5,894

-1,832

-9,506

21,365

986

143

9,830

-1,040

5,882

570

-1,209

2,188

5,352

-4,255

-6,223

5,049

-1,386

-3,697

6,349

-4,762

-493

(Decrease) increase in payables and other liabilities

-4,832

17,811

39,125

-84,693

29,545

-13,820

34,938

-58,303

20,486

15,308

51,640

-71,781

86,596

10,323

38,734

-57,231

56,062

-18,979

5,614

-20,915

54,847

-50,477

29,002

2,793

6,644

-26,669

32,109

-19,650

12,215

19,737

34,357

-19,846

-7,888

6,802

25,125

-15,863

-1,454

8,687

15,612

-16,995

9,070

Decrease (increase) in preneed receivables, net and trust investments

19,134

-15,089

-2,649

9,577

-7,983

18,220

13,893

33,236

-9,742

5,363

-6,229

54,617

10,243

24,557

3,326

48,657

-3,146

68,966

-4,702

-2,384

-13,760

-859

-5,535

-9,684

-14,279

-14,491

-4,643

-14,776

-13,738

-3,207

-7,143

-10,925

-16,066

-26,943

-14,463

-17,039

-15,761

-15,554

1,661

-6,251

-25,844

Increase in deferred revenue, net

12,908

123,870

-637

-25,049

-30,392

15,324

13,013

-39,792

-16,550

6,256

-1,093

-12,944

-23,401

33,202

-17,061

-51,515

599

-57,237

4,325

-7,518

-6,729

-1,677

12,781

11,002

963

-509

5,970

-201

4,000

10,903

11,520

11,070

7,735

1,434

-3,352

14,678

19,398

10,560

-1,587

2,137

3,668

Decrease in deferred receipts held in trust

-7,027

-58,937

-4,715

8,615

12,731

8,749

-3,514

17,544

-3,489

22,293

4,861

-7,899

4,019

10,516

11,606

-6,564

10,273

16,754

9,999

15,618

21,748

22,990

7,329

7,782

14,768

16,964

5,450

14,400

14,176

4,172

2,492

5,624

10,069

17,388

20,524

3,737

8,942

9,082

343

8,242

18,655

Increase in preneed cemetery receivables, net and trust investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,869

-

27,505

21,020

7,252

6,405

5,823

33,896

-2,160

24,126

17,120

26,021

6,359

24,825

11,956

33,818

26,238

17,604

21,730

16,791

9,456

23,375

9,528

12,429

7,892

Increase in deferred preneed cemetery revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-22,286

-

-8,513

-40,107

-22,375

-19,661

9,090

-24,057

-19,421

5,398

4,550

-24,821

-15,912

6,685

-2,086

-9,468

-15,948

2,866

-2,188

-12,564

-11,750

-3,189

10,167

-8,722

-8,814

Increase in deferred preneed cemetery receipts held in trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,918

-

-8,150

10,500

-2,994

29,309

4,032

-4,939

6,262

4,710

-918

5,550

3,419

107

4,512

-3,390

-642

3,139

-941

1,578

5,643

2,144

-3,723

1,867

360

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,239

886

-478

-1,539

325

-103

870

-1,065

203

1,762

-1,495

3,214

-1,678

343

537

109

268

994

2,514

-2,037

Net cash provided by operating activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,134

85,404

42,969

128,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-39

-961

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

179,992

156,558

209,304

77,997

184,896

163,564

136,890

103,918

211,458

113,889

166,994

34,376

188,113

130,525

132,982

40,766

184,762

75,568

114,111

93,735

188,772

61,134

85,404

42,930

127,887

58,275

99,486

75,824

151,124

88,959

121,904

62,599

95,784

96,799

115,783

67,544

107,986

88,268

80,081

77,094

108,936

Cash flows from investing activities:
Capital expenditures

52,275

62,784

64,459

61,141

51,573

69,602

63,053

56,649

46,241

72,849

56,328

45,174

40,150

62,251

48,006

41,481

41,708

46,254

40,008

36,426

28,298

49,317

37,803

32,462

24,917

33,400

28,777

28,193

22,569

34,349

28,911

28,684

23,378

32,439

28,861

31,937

25,138

30,456

25,829

23,278

18,336

Business acquisitions, net of cash acquired

26,349

123,044

-100,155

18,873

13,882

-11,364

19,994

133,688

33,934

-11,166

29,445

13,161

33,212

6,750

13,265

52,788

56

-172

4,704

6,110

30,616

4,521

3,240

6,796

779

1,048,579

4,978

3,565

0

46,182

8,731

9,746

804

2,097

31,291

55,669

10,513

17,283

8

22,399

259,393

Payments for (Proceeds from) Deposits on Real Estate Acquisitions

-2,114

-

-

-

-5,358

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from divestitures and sales of property and equipment

11,324

63,125

2,569

3,616

7,764

7,419

11,585

11,853

6,452

19,793

7,259

5,094

20,235

38,769

1,622

1,258

10,164

5,443

3,061

4,367

3,901

27,086

242,404

152,199

2,694

3,142

4,527

3,734

1,816

1,062

1,798

6,871

264

9,296

5,195

5,341

4,697

7,969

22,988

35,610

24,268

Payments for (Proceeds from) Other Investing Activities

-

-

-

-

-

0

0

14,595

-70

0

0

-175

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment to Acquire Life Insurance Policy, Investing Activities

3,770

9

431

695

7,891

477

2,550

2,487

9,246

1,171

3,009

353

2,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Life Insurance Policy

3,519

0

0

0

0

2,014

0

0

2,810

1

0

1,685

906

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net withdrawals of restricted funds and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-5,120

0

0

-5,225

-2,841

0

0

0

12,225

0

0

-2

-339

-1

-698

5,690

-1,176

-2,203

3,593

-982

-3,567

3

1

4

-26,445

Net cash used in investing activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,752

201,361

112,941

-35,227

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18

5,342

-1

-360

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-69,665

-38,829

-97,007

-71,735

-70,940

-67,854

-74,012

-192,666

-80,089

-54,579

-81,523

-51,734

-55,048

-41,885

-59,649

-93,011

-26,480

-40,639

-41,651

-31,957

-52,172

-26,770

206,703

112,940

-35,587

-1,079,018

-29,298

-28,063

-20,414

-79,817

-35,146

-37,249

-22,742

-23,037

-58,550

-81,283

-27,387

-39,773

-2,850

-10,071

-227,016

Cash flows from financing activities
Proceeds from issuance of long-term debt

75,000

60,000

235,000

839,263

15,000

1,349

25,000

185,000

185,000

1,667,500

10,000

75,000

35,000

25,000

75,000

370,000

590,000

45,000

371,250

15,000

15,000

0

0

645,000

110,000

1,055,000

0

0

0

209,600

5,000

12,000

907

20,000

65,000

0

0

265,000

70,000

0

175,000

Early payments of debt

25,792

1

336,856

693,121

135,000

0

0

-4

259,594

1,117,512

0

0

0

20,524

109

294,518

580,483

0

197,377

0

0

0

-18

595,689

167,093

80

0

0

0

-

-

-

-

105

14,952

22,982

5,155

-

-

-

-

Repayments of Unsecured Debt

8,222

8,565

8,194

177

8,535

8,533

16,970

96

8,535

442,597

8,806

8,783

8,787

8,782

8,797

8,781

10,054

15,049

115,050

15,050

15,071

7,603

87,587

127,792

7,579

31

86,484

-997

4,948

-381

159

332

497

20,605

624

835

710

230,665

591

997

30,810

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

197

5,035

195

5,830

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,625

0

0

6,203

Principal payments on finance leases

10,254

10,369

10,451

11,150

10,657

9,915

10,501

11,624

7,646

10,597

10,090

9,364

21,055

7,899

8,313

8,751

8,156

8,180

5,164

7,877

7,380

7,401

7,488

7,260

7,231

6,695

6,618

6,499

6,468

6,457

6,480

6,739

6,084

5,844

6,020

5,527

5,639

5,498

28,849

5,978

5,889

Proceeds from exercise of stock options

15,126

1,091

16,730

7,139

15,962

6,036

11,179

2,313

4,989

2,939

10,071

5,340

15,261

1,633

7,157

5,739

3,133

1,318

3,692

17,354

9,445

4,767

12,818

6,876

7,915

1,355

98

1,762

3,094

1,042

13,554

1,470

2,323

533

832

3,680

3,182

290

13

432

1,024

Excess tax benefits from share-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

1,173

7,243

2,011

2,258

857

4,263

7,492

5,511

9,396

8,206

5,777

6,744

-6,083

525

4,786

772

0

0

0

0

-

-

-

-

-

-

-

-

Purchase of Company common stock

123,102

77,406

22,609

15,032

14,542

1,885

46,860

110,069

118,797

50,819

28,754

36,604

83,460

34,937

111,514

26,845

54,632

39,773

153,693

78,615

73,180

112,712

69,737

59,372

1,053

0

0

0

1,708

42,159

39,907

29,594

75,106

50,712

90,946

25,399

30,245

30,007

31,646

54,536

689

Payments of dividends

34,414

32,821

32,890

32,871

32,820

30,847

30,761

30,893

31,348

28,039

28,182

28,096

24,433

24,753

25,159

25,182

23,324

23,502

23,670

19,937

20,461

18,491

19,002

16,944

17,080

14,858

14,818

14,855

12,698

25,452

12,885

10,855

11,104

11,400

11,849

11,941

9,605

9,777

9,872

10,191

10,161

Purchase of noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,000

15,000

0

0

8,333

-

-

-

-

-

-

-

-

-

-

-

-

PaymentsToAcquireBusinessesIncludiing1031ExchangeFunds

28,500

-

-

-

19,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank overdrafts and other

1,575

-9,013

-2,966

4,401

7,906

-6,335

-22

-1,246

-7,574

3,169

4,855

31

-2,096

-29

358

-2,793

1,369

1,564

-1,562

-714

-6,819

10,507

-3,492

-3,647

3,762

5,815

-1,798

323

-4,004

5,331

-206

641

433

-4,371

-1,123

-98

4,794

2,799

1,681

437

-7,773

Net cash (used in) provided by financing activities

-110,083

-77,086

-162,237

82,916

-162,686

-50,130

-68,935

33,389

-243,505

11,105

-50,906

-7,056

-89,570

-69,118

-66,053

10,641

-84,924

-40,035

-123,141

-82,347

-92,955

-121,537

-166,264

-163,551

-86,615

983,348

-109,710

-14,230

-34,293

-67,892

-41,083

-33,409

-89,128

-72,504

-59,682

-63,102

-43,378

-14,857

-94,599

-93,229

114,499

Change in cash from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

38

0

1,323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign currency

-8,249

1,684

-912

1,573

1,540

-3,934

1,022

-988

-1,145

-4,429

5,391

3,288

784

-2,081

-1,497

-113

5,548

-2,245

-6,465

2,536

-3,851

-1,736

-156

1,539

-1,931

-388

899

-933

-579

-161

529

-429

1,348

274

-3,508

-472

2,240

1,395

939

-2,026

4,310

Net decrease in cash, cash equivalents, and restricted cash

-8,005

42,327

-50,852

90,751

-47,190

41,646

-5,035

-56,347

-113,281

65,986

39,956

-21,126

44,279

17,441

5,783

-41,717

78,906

-7,351

-57,146

-18,033

39,794

-88,909

125,725

-6,142

5,077

-37,765

-38,261

33,003

95,838

-57,862

46,204

-8,488

-14,738

1,532

-5,957

-77,313

39,461

35,033

-16,429

-28,232

729