SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS

March 31, 2021	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents, excluding restricted cash	$	—		$	—		$	—		$	46,966	$	1,730		$	—		$	48,696
Restricted cash		—			—			—			16,575		—			—			16,575
Assets held for sale		—			—			—			29,258		—			—			29,258
Other current assets		—			—			3,782			66,947		14,337			—			85,066
Total current assets		—			—			3,782			159,746		16,067			—			179,595
Long-term accounts receivable		—			—			1,918			62,568		11,499			—			75,985
Cemetery and funeral home property and equipment		—			—			414			349,339		32,038			—			381,791
Merchandise trusts		—			—			—			—		524,623			—			524,623
Perpetual care trusts		—			—			—			—		319,175			—			319,175
Deferred selling and obtaining costs		—			—			6,016			93,658		19,394			—			119,068
Intangible assets		—			—			—			42		54,784			—			54,826
Other assets		—			—			—			19,466		2,571			—			22,037
Investments in and amounts due from affiliates eliminated upon consolidation		—			287,616			—			650,545		—			(938,161	)		—
Total assets	$	—		$	287,616		$	12,130		$	1,335,364	$	980,151		$	(938,161	)	$	1,677,100
Liabilities and Stockholders' Equity
Other current liabilities	$	—		$	—		$	264		$	52,279	$	1,614		$	—		$	54,157
Liabilities held for sale		—			—			—			24,146		—			—			24,146
Long-term debt, net of deferred financing costs		—			287,616			32,708			1,820		—			—			322,144
Deferred revenues		—			—			35,820			820,645		129,579			—			986,044
Perpetual care trust corpus		—			—			—			—		319,175			—			319,175
Other long-term liabilities		—			—			—			50,631		17,335			—			67,966
Investments in and amounts due to affiliates eliminated upon consolidation		96,532			96,532			205,830			320,323		562,489			(1,281,706	)		—
Total liabilities		96,532			384,148			274,622			1,269,844		1,030,192			(1,281,706	)		1,773,632
Stockholders' equity		(96,532	)		(96,532	)		(262,492	)		65,520		(50,041	)		343,545			(96,532	)
Total liabilities and stockholders' equity	$	—		$	287,616		$	12,130		$	1,335,364	$	980,151		$	(938,161	)	$	1,677,100

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS (Continued)

December 31, 2020	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents, excluding restricted cash	$	—		$	—		$	—		$	37,560	$	1,684		$	—		$	39,244
Restricted cash		—			—			—			20,846		—			—			20,846
Assets held for sale		—			—			—			28,575		—			—			28,575
Other current assets		—			—			3,707			63,010		13,326			—			80,043
Total current assets		—			—			3,707			149,991		15,010			—			168,708
Long-term accounts receivable		—			—			2,085			62,283		10,933			—			75,301
Cemetery and funeral home property and equipment		—			—			452			350,802		31,768			—			383,022
Merchandise trusts		—			—			—			—		501,453			—			501,453
Perpetual care trusts		—			—			—			—		312,228			—			312,228
Deferred selling and obtaining costs		—			—			5,916			91,958		19,026			—			116,900
Intangible assets		—			—			—			45		55,049			—			55,094
Other assets		—			—			—			19,667		2,590			—			22,257
Investments in and amounts due from affiliates eliminated upon consolidation		—			286,146			—			632,684		—			(918,830	)		—
Total assets	$	—		$	286,146		$	12,160		$	1,307,430	$	948,057		$	(918,830	)	$	1,634,963
Liabilities and Stockholders' Equity
Other current liabilities	$	—		$	—		$	245		$	50,300	$	1,585		$	—		$	52,130
Liabilities held for sale		—			—			—			23,406		—			—			23,406
Long-term debt, net of deferred financing costs		—			286,146			32,531			2,038		—			—			320,715
Deferred revenues		—			—			34,994			791,111		123,059			—			949,164
Perpetual care trust corpus		—			—			—			—		312,228			—			312,228
Other long-term liabilities		—			—			—			52,588		17,145			—			69,733
Investments in and amounts due to affiliates eliminated upon consolidation		92,413			92,413			202,924			318,677		544,814			(1,251,241	)		—
Total liabilities		92,413			378,559			270,694			1,238,120		998,831			(1,251,241	)		1,727,376
Stockholders' equity		(92,413	)		(92,413	)		(258,534	)		69,310		(50,774	)		332,411			(92,413	)
Total liabilities and stockholders' equity	$	—		$	286,146		$	12,160		$	1,307,430	$	948,057		$	(918,830	)	$	1,634,963

Condensed Consolidating Statements of Operations

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

Three Months Ended March 31, 2021	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	—		$	1,790		$	64,673		$	15,912		$	(4,062	)	$	78,313
Total costs and expenses		—			—			(2,780	)		(61,585	)		(14,426	)		4,062			(74,729	)
Net (loss) income from equity investment in subsidiaries		(4,624	)		2,972			(3,404	)		—			—			5,056			—
Interest expense		—			(7,596	)		(917	)		(1,655	)		(305	)		—			(10,473	)
Loss from continuing operations before income taxes		(4,624	)		(4,624	)		(5,311	)		1,433			1,181			5,056			(6,889	)
Income tax benefit		—			—			—			1,676			—			—			1,676
Net loss from continuing operations		(4,624	)		(4,624	)		(5,311	)		3,109			1,181			5,056			(5,213	)
Income from operations of discontinued businesses		—			—			—			589			—			—			589
Income tax expense		—			—			—			—			—			—			—
Net income from discontinued operations		—			—			—			589			—			—			589
Net (loss) income	$	(4,624	)	$	(4,624	)	$	(5,311	)	$	3,698		$	1,181		$	5,056		$	(4,624	)

Three Months Ended March 31, 2020	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	—		$	1,194		$	53,555		$	13,069		$	(2,716	)	$	65,102
Total costs and expenses		—			—			(3,169	)		(53,461	)		(13,319	)		2,716			(67,233	)
Net loss from equity investment in subsidiaries		9,003			17,701			12,585			—			—			(39,289	)		—
Interest expense		—			(8,698	)		(1,911	)		(451	)		(293	)		—			(11,353	)
Loss from continuing operations before income taxes		9,003			9,003			8,699			(357	)		(543	)		(39,289	)		(13,484	)
Income tax expense		—			—			—			(1,288	)		—			—			(1,288	)
Net loss from continuing operations		9,003			9,003			8,699			(1,645	)		(543	)		(39,289	)		(14,772	)
Income from operations of discontinued businesses		—			—			—			23,775			—			—			23,775
Income tax expense		—			—			—			—			—			—			—
Net income from discontinued operations		—			—			—			23,775			—			—			23,775
Net loss	$	9,003		$	9,003		$	8,699		$	22,130		$	(543	)	$	(39,289	)	$	9,003

Condensed Consolidating Statement of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

Three Months Ended March 31, 2021	Parent		Partnership		CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	—	$	—	$	310		$	12,171		$	663		$	(8,513	)	$	4,631
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales		—		—		(297	)		(933	)		(544	)		—			(1,774	)
Payments to affiliates		—		—		—			—			—			—			—
Net cash provided by investing activities		—		—		(297	)		(933	)		(544	)		—			(1,774	)
Cash Flows From Financing Activities:
Payments from affiliates		—		—		—			(8,513	)		—			8,513			—
Net borrowings and repayments of debt		—		—		(13	)		2,679			(73	)		—			2,593
Other financing activities		—		—		—			(269	)		—			—			(269	)
Net cash used in financing activities		—		—		(13	)		(6,103	)		(73	)		8,513			2,324
Net increase in cash and cash equivalents and restricted cash		—		—		—			5,135			46			—			5,181
Cash and cash equivalents and restricted cash—Beginning of period		—		—		—			58,406			1,684			—			60,090
Cash and cash equivalents and restricted cash—End of period	$	—	$	—	$	—		$	63,541		$	1,730		$	—		$	65,271

Three Months Ended March 31, 2020	Parent		Partnership		CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	—	$	—	$	12		$	4,465		$	893		$	(10,608	)	$	(5,238	)
Cash Flows From Investing Activities:
Cash paid for capital expenditures, net of proceeds from divestitures		—		—		—			26,796			(679	)		—			26,117
Payments to affiliates		—		—		—			—			—			—			—
Net provided by investing activities		—		—		—			26,796			(679	)		—			26,117
Cash Flows From Financing Activities:
Payments from affiliates		—		—		—			(10,608	)		—			10,608			—
Net borrowings and repayments of debt		—		—		(12	)		(29,872	)		(83	)		—			(29,967	)
Other financing activities		—		—		—			(213	)		—			—			(213	)
Net cash used in financing activities		—		—		(12	)		(40,693	)		(83	)		10,608			(30,180	)
Net (decrease) increase in cash and cash equivalents and restricted cash		—		—		—			(9,432	)		131			—			(9,301	)
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	$	—	$	—	$	—		$	46,021		$	1,445		$	—		$	47,466