XML 22 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Cash Flows [Abstract]    
Net income $ 135,873 $ 142,927
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56,686 54,126
Amortization of intangibles 3,656 4,200
Amortization of cemetery property 22,602 22,296
Amortization of loan costs 2,226 2,181
Provision for expected credit losses 1,943 2,311
Provision for deferred income taxes 7,249 2,669
Share-based compensation 4,163 3,841
Gain (Loss) on Disposition of Assets (1,274) (4,971)
Change in assets and liabilities, net of effects from acquisitions and divestitures:    
Increase (Decrease) in Accounts Receivable 401 (104)
Increase (Decrease) in Other Operating Assets 27,713 (2,365)
Increase (Decrease) in Operating Liabilities 33,736 48,296
Effect of preneed funeral production and maturities:    
Increase in preneed receivables, net and trust investments 8,158 5,076
Increase in deferred revenue, net 11,122 16,051
Increase in deferred receipts held in trust 19,539 14,613
Net cash provided by operating activities 333,793 311,147
Cash flows from investing activities:    
Capital expenditures (79,889) (78,185)
Payments to Acquire Businesses, Net of Cash Acquired (24,085) (14,869)
Payments for (Proceeds from) Deposits on Real Estate Acquisitions (3,839) (2,011)
Payments to Acquire Buildings (28,156) (8,916)
Proceeds from divestitures and sales of property and equipment 3,727 9,537
Payment to Acquire Life Insurance Policy, Investing Activities (96) (57)
Proceeds from Life Insurance Policy 0 3,757
Net cash used in investing activities (132,338) (90,744)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 140,000 185,000
Early payments of debt (140,000) (195,000)
Proceeds from Construction Loans Payable 26,082 2,522
Finance Lease, Principal Payments 9,784 9,332
Repayments of Unsecured Debt (6,830) (6,541)
Proceeds from exercise of stock options 6,029 3,907
Purchase of Company common stock (143,153) (130,450)
Payments of dividends (47,080) (45,991)
Bank overdrafts and other (10,173) (9,809)
Net cash (used in) provided by financing activities (184,909) (205,694)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation (2,045) 128
Net increase in cash, cash equivalents, and restricted cash 14,501 14,837
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 260,969 $ 236,236