NYSE: SCI
SERVICE CORP INTERNATIONALCIK 0000089089 · SIC 7200 · Personal Services
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (ORCL 10-Q) is open in full — no account needed.
Summary not yet generated.
SCI revenue +3.6% YoY; Board authorizes buyback increase, raising capacity to $1.10B
3 material changes detected. Sign up free to read the summary.
Partner
Trade SCI commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
SCI board rejects Lead Independent Director Watts' resignation after failed majority vote
4 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Service Corp increases share buyback authorization by $472M to $600M total
1 material change detected. Sign up free to read the summary.
SCI shareholders approve governance changes giving board authority to fill vacancies
3 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Service Corp raises quarterly dividend 6% to $0.36 per share
1 material change detected. Sign up free to read the summary.
SCI: revenue $1.10B, net income $135.8M. SCI boosts Q1 buybacks 2.1% to 1.79M shares; repurchase authorization rises
2 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 30, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statement of Operations (Unaudited)
(In thousands, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | ||||
| Property and merchandise revenue | 527,255 | 518,011 | 1,035,518 | 1,011,666 |
| Service revenue | 458,027 | 438,319 | 939,399 | 920,209 |
| Other revenue | 118,006 | 109,114 | 224,825 | 207,736 |
| Total revenue | 1,103,288 | 1,065,444 | 2,199,742 | 2,139,611 |
| Costs of revenue | ||||
| Cost of property and merchandise | (284,075) | (275,781) | (553,293) | (536,784) |
| Cost of service | (256,835) | (245,256) | (508,109) | (489,555) |
| Overhead and other expenses | (288,877) | (272,969) | (578,388) | (550,417) |
| Total costs of revenue | (829,787) | (794,006) | (1,639,790) | (1,576,756) |
| Gross profit | 273,501 | 271,438 | 559,952 | 562,855 |
| Corporate general and administrative expenses | (41,775) | (49,466) | (85,686) | (94,167) |
| Restructuring charge | — | (1,575) | — | (1,575) |
| (Losses) gains on divestitures and impairment charges, net | (138) | 4,062 | 1,136 | 9,033 |
| Operating income | 231,588 | 224,459 | 475,402 | 476,146 |
| Interest expense | (64,711) | (64,071) | (128,717) | (125,554) |
| Other (expense) income, net | (57) | 3,914 | 1,341 | 7,066 |
| Income before income taxes | 166,820 | 164,302 | 348,026 | 357,658 |
| Provision for income taxes | (41,943) | (41,378) | (87,276) | (91,807) |
| Net income | 124,877 | 122,924 | 260,750 | 265,851 |
| Net income attributable to noncontrolling interests | (52) | (59) | (117) | (106) |
| Net income attributable to common stockholders | 124,825 | 122,865 | 260,633 | 265,745 |
| Basic earnings per share: | ||||
| Net income attributable to common stockholders | 0.91 | 0.87 | 1.89 | 1.86 |
| Basic weighted average number of shares | 137,519 | 141,897 | 138,268 | 143,001 |
| Diluted earnings per share: | ||||
| Net income attributable to common stockholders | 0.90 | 0.86 | 1.87 | 1.84 |
| Diluted weighted average number of shares | 138,327 | 142,992 | 139,122 | 144,134 |
Condensed Consolidated Balance Sheet (Unaudited)
(In thousands, except share amounts)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 260,411 | 243,581 |
| Receivables, net of reserves of $3,602 and $3,944, respectively | 104,109 | 100,415 |
| Inventories | 38,235 | 35,246 |
| Other | 46,991 | 32,551 |
| Total current assets | 449,746 | 411,793 |
| Preneed receivables, net of reserves of $33,925 and $34,680, respectively, and trust investments | 7,652,394 | 7,360,793 |
| Cemetery property | 2,251,528 | 2,201,967 |
| Property and equipment, net | 2,835,540 | 2,751,761 |
| Goodwill | 2,174,837 | 2,169,055 |
| Deferred charges and other assets, net of reserves of $2,826 and $2,460, respectively | 1,329,669 | 1,360,530 |
| Cemetery perpetual care trust investments | 2,520,779 | 2,398,613 |
| Total assets | 19,214,493 | 18,654,512 |
| LIABILITIES & EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 650,833 | 685,156 |
| Current maturities of long-term debt | 195,149 | 56,847 |
| Income taxes payable | 246 | 3,701 |
| Total current liabilities | 846,228 | 745,704 |
| Long-term debt | 5,108,016 | 5,082,970 |
| Deferred revenue, net | 1,823,627 | 1,779,266 |
| Deferred tax liability | 704,103 | 691,033 |
| Other liabilities | 571,893 | 550,793 |
| Deferred receipts held in trust | 6,116,618 | 5,784,398 |
| Care trusts’ corpus | 2,506,248 | 2,381,507 |
| Commitments and contingencies (Note 9) | ||
| Equity: | ||
| Common stock, $1 per share par value, 500,000,000 shares authorized, 142,249,152 and 141,957,004 shares issued, respectively, and 136,619,474 and 139,678,199 shares outstanding, respectively | 136,619 | 139,678 |
| Capital in excess of par value | 976,452 | 987,210 |
| Retained earnings | 427,900 | 498,958 |
| Accumulated other comprehensive income | (3,720) | 12,425 |
| Total common stockholders’ equity | 1,537,251 | 1,638,271 |
| Noncontrolling interests | 509 | 570 |
| Total equity | 1,537,760 | 1,638,841 |
| Total liabilities and equity | 19,214,493 | 18,654,512 |
Condensed Consolidated Statement of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 260,750 | 265,851 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 114,081 | 108,257 |
| Amortization of intangibles | 7,038 | 8,441 |
| Amortization of cemetery property | 48,581 | 48,195 |
| Amortization of loan costs | 4,474 | 4,383 |
| Provision for expected credit losses | 4,217 | 5,234 |
| Provision for deferred income taxes | 13,307 | 4,621 |
| Gains on divestitures and impairment charges, net | (1,136) | (9,033) |
| Share-based compensation | 10,387 | 9,589 |
| Change in assets and liabilities, net of effects from acquisitions and divestitures: | ||
| (Increase) decrease in receivables | (5,094) | 6,205 |
| Decrease (increase) in other assets | 24,982 | (16,110) |
| Increase in payables and other liabilities | 21,679 | 11,996 |
| Effect of preneed sales production and maturities: | ||
| Decrease (increase) in preneed receivables, net and trust investments | 8,318 | (28,062) |
| Increase in deferred revenue, net | 40,995 | 23,785 |
| Increase in deferred receipts held in trust | 19,860 | 34,228 |
| Net cash provided by operating activities | 572,439 | 477,580 |
| Cash flows from investing activities: | ||
| Capital expenditures | (175,593) | (161,201) |
| Business acquisitions, net of cash acquired | (39,469) | (28,242) |
| Real estate acquisitions | (12,835) | (5,422) |
| Corporate headquarters | (56,334) | (26,759) |
| Proceeds from divestitures and sales of property and equipment | 5,331 | 26,762 |
| Payments for Company-owned life insurance policies | (124) | (130) |
| Proceeds from Company-owned life insurance policies and other | — | 3,757 |
| Tax credit equity investments | (40,737) | — |
| Net cash used in investing activities | (319,761) | (191,235) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | 405,000 | 495,001 |
| Scheduled payments of debt | (13,648) | (12,827) |
| Early payments of debt | (295,000) | (305,000) |
| Proceeds from corporate headquarters debt facility | 51,854 | 17,120 |
| Principal payments on finance leases | (19,783) | (18,853) |
| Proceeds from exercise of stock options | 6,599 | 4,040 |
| Purchase of Company common stock | (266,377) | (324,023) |
| Payments of dividends | (96,363) | (91,129) |
| Bank overdrafts and other | (4,773) | (7,354) |
| Net cash used in financing activities | (232,491) | (243,025) |
| Effect of foreign currency | (4,938) | 5,800 |
| Net increase in cash, cash equivalents, and restricted cash | 15,249 | 49,120 |
| Cash, cash equivalents, and restricted cash at beginning of period | 246,468 | 221,399 |
| Cash, cash equivalents, and restricted cash at end of period | 261,717 | 270,519 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share amounts); (In thousands, except share amounts); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗