SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS

September 30, 2020	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents, excluding restricted cash	$	—		$	—		$	—		$	42,289	$	1,714		$	—		$	44,003
Restricted cash		—			—			—			20,601		—			—			20,601
Assets held for sale		—			—			—			32,109		—			—			32,109
Other current assets		—			—			3,659			61,050		12,850			—			77,559
Total current assets		—			—			3,659			156,049		14,564			—			174,272
Long-term accounts receivable		—			—			2,206			61,974		10,924			—			75,104
Cemetery and funeral home property and equipment		—			—			492			360,515		32,145			—			393,152
Merchandise trusts		—			—			—			—		484,520			—			484,520
Perpetual care trusts		—			—			—			—		300,738			—			300,738
Deferred selling and obtaining costs		—			—			5,876			92,631		18,860			—			117,367
Intangible assets		—			—			—			63		55,314			—			55,377
Other assets		—			—			—			23,262		2,620			—			25,882
Investments in and amounts due from affiliates eliminated upon consolidation		—			283,273			—			617,863		—			(901,136	)		—
Total assets	$	—		$	283,273		$	12,233		$	1,312,357	$	919,685		$	(901,136	)	$	1,626,412
Liabilities and Owners' Equity
Current liabilities		—			—			228			76,640		1,727			—			78,595
Long-term debt, net of deferred financing costs		—			283,273			41,831			2,069		—			—			327,173
Deferred revenues		—			—			33,657			778,098		117,365			—			929,120
Perpetual care trust corpus		—			—			—			—		300,738			—			300,738
Other long-term liabilities		—			—			—			61,000		17,000			—			78,000
Investments in and amounts due to affiliates eliminated upon consolidation		87,214			87,214			189,021			325,104		533,661			(1,222,214	)		—
Total liabilities		87,214			370,487			264,737			1,242,911		970,491			(1,222,214	)		1,713,626
Owners' equity		(87,214	)		(87,214	)		(252,504	)		69,446		(50,806	)		321,078			(87,214	)
Total liabilities and owners' equity	$	—		$	283,273		$	12,233		$	1,312,357	$	919,685		$	(901,136	)	$	1,626,412

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS (Continued)

December 31, 2019	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents, excluding restricted cash	$	—		$	—		$	—		$	33,553	$	1,314		$	—		$	34,867
Restricted cash		—			—			—			21,900		—			—			21,900
Assets held for sale		—			—			—			23,858		—			—			23,858
Other current assets		—			—			3,497			62,686		11,531			—			77,714
Total current assets		—			—			3,497			141,997		12,845			—			158,339
Long-term accounts receivable		—			—			2,557			63,124		9,868			—			75,549
Cemetery and funeral home property and equipment		—			—			609			391,626		31,770			—			424,005
Merchandise trusts		—			—			—			—		517,192			—			517,192
Perpetual care trusts		—			—			—			—		343,619			—			343,619
Deferred selling and obtaining costs		—			—			5,654			91,243		18,047			—			114,944
Intangible assets		—			—			—			136		56,110			—			56,246
Other assets		—			—			—			26,907		2,567			—			29,474
Investments in and amounts due from affiliates eliminated upon consolidation		—			301,531			—			648,359		—			(949,890	)		—
Total assets	$	—		$	301,531		$	12,317		$	1,363,392	$	992,018		$	(949,890	)	$	1,719,368
Liabilities and Owners' Equity
Current liabilities	$	—		$	—		$	161		$	74,674	$	1,466		$	—		$	76,301
Long-term debt, net of deferred financing costs		—			301,531			66,239			193		—			—			367,963
Deferred revenues		—			—			33,349			802,528		113,498			—			949,375
Perpetual care trust corpus		—			—			—			—		343,619			—			343,619
Liabilities held for sale, net of current portion
Other long-term liabilities		—			—			—			68,227		16,373			—			84,600
Investments in and amounts due to affiliates eliminated upon consolidation		102,490			102,490			183,611			367,770		567,666			(1,324,027	)		—
Total liabilities		102,490			404,021			283,360			1,313,392		1,042,622			(1,324,027	)		1,821,858
Owners' equity		(102,490	)		(102,490	)		(271,043	)		50,000		(50,604	)		374,137			(102,490	)
Total liabilities and owners' equity	$	—		$	301,531		$	12,317		$	1,363,392	$	992,018		$	(949,890	)	$	1,719,368

Condensed Consolidating Statements of Operations

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

Three Months Ended September 30, 2020	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	—		$	1,267		$	65,262		$	13,275		$	(2,948	)	$	76,856
Total costs and expenses		—			—			(2,334	)		(62,388	)		(11,871	)		2,948			(73,645	)
Net (loss) income from equity investment in subsidiaries		(7,857	)		1,689			(4,727	)		—			—			10,895			—
Interest expense		—			(9,546	)		(381	)		(1,971	)		(299	)		—			(12,197	)
(Loss) income from operations before income taxes		(7,857	)		(7,857	)		(6,175	)		903			1,105			10,895			(8,986	)
Income tax expense		—			—			—			1,129			—			—			1,129
Net (loss) income	$	(7,857	)	$	(7,857	)	$	(6,175	)	$	2,032		$	1,105		$	10,895		$	(7,857	)

Three Months Ended September 30, 2019				Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues				$	—		$	1,257		$	61,520		$	12,154		$	(1,780	)	$	73,151
Total costs and expenses					—			(3,336	)		(64,596	)		(13,440	)		1,780			(79,592	)
Other losses					—			—			(129	)		—			—			(129	)
Net loss from equity investment in subsidiaries					(42,652	)		(33,050	)		—			—			75,702			—
Interest expense					—			—			(12,486	)		(279	)		—			(12,765	)
Loss on impairment of goodwill					—			—			(24,206	)		(656	)		—			(24,862	)
Loss from operations before income taxes					(42,652	)		(35,129	)		(39,897	)		(2,221	)		75,702			(44,197	)
Income tax expense					—			—			1,545			—			—			1,545
Net loss				$	(42,652	)	$	(35,129	)	$	(38,352	)	$	(2,221	)	$	75,702		$	(42,652	)

Nine Months Ended September 30, 2020	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	—		$	3,658		$	183,663		$	39,949		$	(8,462	)	$	218,808
Total costs and expenses		—			—			(9,306	)		(178,533	)		(37,907	)		8,462			(217,284	)
Gain on sale of businesses		—			—			—			31,120			—			—			31,120
Other losses		—			—			—			(2,169	)		—			—			(2,169	)
Net (loss) income from equity investment in subsidiaries		(2,768	)		23,663			4,460			—			—			(25,355	)		—
Interest expense		—			(26,431	)		(4,090	)		(5,167	)		(888	)		—			(36,576	)
(Loss) income from operations before income taxes		(2,768	)		(2,768	)		(5,278	)		28,914			1,154			(25,355	)		(6,101	)
Income tax benefit		—			—			—			3,333			—			—			3,333
Net (loss) income	$	(2,768	)	$	(2,768	)	$	(5,278	)	$	32,247		$	1,154		$	(25,355	)	$	(2,768	)

Nine Months Ended September 30, 2019				Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues				$	—		$	4,260		$	187,021		$	36,354		$	(4,520	)	$	223,115
Total costs and expenses					—			(11,894	)		(197,511	)		(40,793	)		4,520			(245,678	)
Other losses					—			—			(1,475	)		(2,083	)		—			(3,558	)
Net loss from equity investment in subsidiaries					(94,405	)		(74,333	)		—			—			168,738			—
Interest expense					(4,241	)		(5,909	)		(24,311	)		(821	)		—			(35,282	)
Loss on debt extinguishment					(938	)		(1,441	)		(6,099	)		—			—			(8,478	)
Loss on impairment of goodwill					—			—			(24,206	)		(656	)		—			(24,862	)
Loss from operations before income taxes					(99,584	)		(89,317	)		(66,581	)		(7,999	)		168,738			(94,743	)
Income tax expense					—			—			(4,841	)		—			—			(4,841	)
Net loss				$	(99,584	)	$	(89,317	)	$	(71,422	)	$	(7,999	)	$	168,738		$	(99,584	)

Condensed Consolidating Statement of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

Nine Months Ended September 30, 2020	Parent			Partnership		CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	—		$	—	$	76		$	31,745		$	2,486		$	(30,522	)	$	3,785
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales		—			—		(38	)		45,438			(1,848	)		—			43,552
Payments to affiliates		(17,000	)		—		—			—			—			17,000			—
Net cash provided by investing activities		(17,000	)		—		(38	)		45,438			(1,848	)		17,000			43,552
Cash Flows From Financing Activities:
Proceeds from issuance of Series A Preferred Stock		8,800			—		—			—			—			—			8,800
Proceeds from issuance of Common Stock		8,200			—		—			—			—			—			8,200
Payments from affiliates		—			—		—			(13,522	)		—			13,522			—
Net borrowings and repayments of debt		—			—		(38	)		(51,895	)		(238	)		—			(52,171	)
Other financing activities		—			—		—			(4,329	)		—			—			(4,329	)
Net cash used in financing activities		17,000			—		(38	)		(69,746	)		(238	)		13,522			(39,500	)
Net increase in cash and cash equivalents and restricted cash		—			—		—			7,437			400			—			7,837
Cash and cash equivalents and restricted cash—Beginning of period		—			—		—			55,453			1,314			—			56,767
Cash and cash equivalents and restricted cash—End of period	$	—		$	—	$	—		$	62,890		$	1,714		$	—		$	64,604

Nine Months Ended September 30, 2019	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash used in (provided by) operating activities	$	—		$	212		$	(16,712	)	$	(105	)	$	(10,150	)	$	(26,755	)
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales		—			(188	)		(4,158	)		(147	)		—			(4,493	)
Payments to affiliates		(57,500	)		—			—			—			57,500			—
Net cash used investing activities		(57,500	)		(188	)		(4,158	)		(147	)		57,500			(4,493	)
Cash Flows From Financing Activities:
Payments from affiliates		—			—			47,350			—			(47,350	)		—
Proceeds from issuance of redeemable convertible preferred units, net		57,500			—			—			—			—			57,500
Net borrowings and repayments of debt		—			(24	)		38,517			(148	)		—			38,345
Other financing activities		—			—			(18,649	)		—			—			(18,649	)
Net cash provided (used in) by financing activities		57,500			(24	)		67,218			(148	)		(47,350	)		77,196
Net increase (decrease) in cash and cash equivalents and restricted cash		—			—			46,348			(400	)		—			45,948
Cash and cash equivalents and restricted cash —Beginning of period		—			—			16,298			1,849			—			18,147
Cash and cash equivalents and restricted cash —End of period	$	—		$	—		$	62,646		$	1,449		$	—		$	64,095