← CARRIAGE SERVICES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $3.3m | $952k | $644k | $716k | $889k | $1.1m | $1.2m | $1.5m | $1.2m | $1.7m | |
| Cash and cash equivalents | $3.3m | $952k | $644k | $716k | $889k | $1.1m | $1.2m | $1.5m | $1.2m | $1.7m | |
| Accounts receivable, net | $18.9m | $19.7m | $18.9m | $21.5m | $25.1m | $25.3m | $24.5m | $27.1m | $30.2m | $40.6m | |
| Prepaid and other current assets | — | — | $3.0m | $10.7m | $2.1m | $6.4m | $4.7m | $4.8m | $4.1m | $6.0m | |
| Preneed cemetery receivables, net | $30.4m | $31.6m | $18.4m | $20.2m | $21.1m | $23.1m | $26.7m | $35.6m | $51.0m | $67.1m | |
| Receivables from preneed funeral trusts, net | $14.2m | $15.3m | $17.1m | $18.0m | $16.8m | $19.0m | $20.0m | $21.5m | $22.4m | $16.3m | |
| Inventory, Net | $6.1m | $6.5m | $6.8m | $7.0m | $7.3m | $7.3m | $7.6m | $8.3m | $7.9m | $7.8m | |
| Accounts Receivable, after Allowance for Credit Loss | — | — | — | — | $25.1m | $25.3m | $24.5m | $27.1m | $30.2m | $40.6m | |
| Assets, Current | $33.0m | $30.1m | $29.3m | $39.9m | $35.3m | $40.2m | $38.0m | $41.7m | $44.5m | $56.1m | |
| Total current assets | $33.0m | $30.1m | $29.3m | $39.9m | $35.3m | $40.2m | $38.0m | $41.7m | $44.5m | $56.1m | |
| Property, Plant and Equipment, Net | $235.1m | $247.3m | $260.8m | $279.2m | $269.1m | $269.4m | $278.1m | $287.5m | $273.0m | $286.8m | |
| Goodwill | $275.5m | $288.0m | $303.9m | $398.3m | $393.0m | $392.0m | $410.1m | $423.6m | $414.9m | $427.9m | |
| Intangible and other non-current assets, net | $15.0m | $18.1m | $24.4m | $32.1m | $29.5m | $29.4m | $32.9m | $37.7m | $40.4m | $43.6m | |
| Operating Lease, Right-of-Use Asset | — | — | $0 | $22.3m | $21.2m | $17.9m | $17.1m | $16.3m | $15.0m | $12.0m | |
| Other Assets, Noncurrent | $11.7m | $14.4m | $17.6m | $25.2m | $23.6m | $23.6m | $25.6m | $28.9m | $28.1m | $29.9m | |
| Operating lease right-of-use assets | — | — | $0 | $22.3m | $21.2m | $17.9m | $17.1m | $16.3m | $15.0m | $12.0m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $18.9m | $19.7m | $18.9m | $21.5m | $25.1m | $25.3m | $24.5m | $27.1m | $30.2m | $40.6m | |
| Accrued Liabilities, Current | $20.1m | $17.6m | $22.6m | $24.0m | $31.1m | $43.8m | $30.6m | $35.4m | $38.5m | $33.9m | |
| Current assets held for sale | — | — | — | — | — | — | — | $0 | $1.1m | $0 | |
| Preneed cemetery trust investments | $69.7m | $73.9m | $62.4m | $72.4m | $86.6m | $100.9m | $95.1m | $96.4m | $98.1m | $109.2m | |
| Preneed funeral trust investments | $89.2m | $90.7m | $82.1m | $96.3m | $101.2m | $113.7m | $104.6m | $107.8m | $106.2m | $115.4m | |
| Cemetery property, net | $76.1m | $76.3m | $75.0m | $87.0m | $101.1m | $100.7m | $104.2m | $114.6m | $109.6m | $115.6m | |
| Cemetery perpetual care trust investments | $46.9m | $50.2m | $44.1m | $64.0m | $70.8m | $72.4m | $66.3m | $85.3m | $85.1m | $95.6m | |
| Non-current assets held for sale | — | — | — | — | — | — | — | $0 | $19.5m | $322k | |
| Current liabilities held for sale | — | — | — | — | — | — | — | $0 | $240k | $0 | |
| Long-term liabilities held for sale | — | — | — | — | — | — | — | $0 | $13.8m | $0 | |
| Credit facility | $66.5m | $91.1m | $26.1m | $82.2m | $46.1m | $153.9m | $188.8m | $177.8m | $135.4m | $125.4m | |
| Senior notes | — | — | — | $395.4m | $396.0m | $394.6m | $395.2m | $395.9m | $396.6m | $397.3m | |
| Obligations under finance leases, net of current portion | — | — | $6.1m | $5.9m | $5.5m | $5.2m | $4.7m | $5.8m | $6.0m | $9.3m | |
| Obligations under operating leases, net of current portion | — | — | $0 | $21.5m | $20.3m | $18.5m | $17.3m | $15.8m | $14.0m | $10.5m | |
| Deferred preneed cemetery revenue | $54.6m | $54.7m | $46.0m | $46.6m | $47.8m | $50.2m | $51.7m | $61.0m | $61.8m | $76.8m | |
| Deferred preneed cemetery receipts held in trust | $69.7m | $73.9m | $62.4m | $72.4m | $86.6m | $100.9m | $95.1m | $96.4m | $98.1m | $109.2m | |
| Deferred preneed funeral receipts held in trust | $89.2m | $90.7m | $82.1m | $96.3m | $101.2m | $113.7m | $104.6m | $107.8m | $106.2m | $115.4m | |
| Care trusts’ corpus | $46.3m | $49.9m | $43.5m | $63.4m | $69.7m | $71.2m | $65.5m | $84.4m | $84.2m | $93.4m | |
| Total stockholders’ equity | $178.0m | $197.7m | $221.5m | $226.6m | $240.5m | $128.0m | $137.1m | $173.1m | $208.6m | $254.8m | |
| Assets | $885.1m | $921.5m | $917.5m | $1.1b | $1.1b | $1.2b | $1.2b | $1.3b | $1.3b | $1.3b | |
| Total assets | $885.1m | $921.5m | $917.5m | $1.1b | $1.1b | $1.2b | $1.2b | $1.3b | $1.3b | $1.3b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders’ equity | $885.1m | $921.5m | $917.5m | $1.1b | $1.1b | $1.2b | $1.2b | $1.3b | $1.3b | $1.3b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $0 | $1.6m | $2.1m | $1.9m | $2.2m | $2.7m | $2.8m | $3.1m | |
| Accounts Payable, Current | $10.2m | $6.5m | $10.0m | $8.4m | $11.3m | $14.2m | $11.7m | $11.9m | $15.4m | $19.0m | |
| Operating Lease, Liability, Noncurrent | — | — | $0 | $21.5m | $20.3m | $18.5m | $17.3m | $15.8m | $14.0m | $10.5m | |
| Long-term Debt, Current Maturities | $13.0m | $16.9m | $2.0m | $1.3m | $1.0m | $521k | $555k | $537k | $571k | $607k | |
| Long-term Debt, Excluding Current Maturities | $204.4m | $212.2m | $33.1m | $87.8m | $4.5m | $4.0m | $3.4m | $5.5m | $4.9m | $5.6m | |
| Current portion of debt and lease obligations | — | — | — | $3.1m | $3.4m | $2.8m | $3.2m | $3.8m | $3.9m | $4.3m | |
| Accrued and other liabilities | $20.1m | $17.6m | $21.4m | $24.0m | $31.1m | $43.8m | $30.6m | $35.4m | $38.5m | $33.9m | |
| Acquisition debt, net of current portion | — | — | — | $5.7m | $4.5m | $4.0m | $3.4m | $5.5m | $4.9m | $5.6m | |
| Liabilities, Current | $44.3m | $42.7m | $35.0m | $35.6m | $48.4m | $60.8m | $45.5m | $51.1m | $58.0m | $57.2m | |
| Total current liabilities | $44.3m | $42.7m | $35.0m | $35.6m | $48.4m | $60.8m | $45.5m | $51.1m | $58.0m | $57.2m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | $46.5m | $45.8m | $48.8m | $52.1m | $51.4m | $55.4m | |
| Other Liabilities, Noncurrent | $2.6m | $3.4m | $3.1m | $1.7m | $4.7m | $1.4m | $3.1m | $1.9m | $1.2m | $1.9m | |
| Deferred tax liability | $40.6m | $31.2m | $31.3m | $41.4m | $46.5m | $45.8m | $48.8m | $52.1m | $51.4m | $55.4m | |
| Other long-term liabilities | $2.6m | $3.4m | $3.1m | $1.7m | $4.7m | $1.4m | $3.1m | $1.9m | $1.2m | $1.9m | |
| Deferred Tax Liabilities, Net | $40.6m | $31.2m | $31.3m | $41.4m | $46.5m | $45.8m | $48.8m | $52.1m | $51.4m | $55.4m | |
| Liabilities | $707.1m | $723.9m | $696.0m | $903.2m | $905.3m | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Total liabilities | $707.1m | $723.9m | $696.0m | $903.2m | $905.3m | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $225k | $226k | $257k | $259k | $260k | $263k | $264k | $266k | $269k | $274k | |
| Retained Earnings (Accumulated Deficit) | $23.0m | $57.9m | $71.7m | $86.2m | $102.3m | $135.5m | $176.8m | $210.3m | $243.2m | $294.7m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $0 | $0 | — | $0 | — | — | — | — | — | — | |
| Additional Paid in Capital, Common Stock | $215.1m | $216.2m | $243.8m | $242.1m | $240.0m | $236.8m | $238.8m | $241.3m | $243.8m | $238.5m | |
| Common stock, $0.01 par value; 80,000,000 shares authorized and 27,378,870 and 26,881,355 shares issued, respectively and 15,751,052 and 15,253,537 shares outstanding, respectively | 225k | 226k | 257k | 259k | 260k | 263k | 264k | 266k | 269k | 274k | |
| Additional paid-in capital | $215.1m | $216.2m | $243.8m | $242.1m | $240.0m | $236.8m | $238.8m | $241.3m | $243.8m | $238.5m | |
| Treasury stock, at cost; 11,627,818 shares | ($60.3m) | ($76.6m) | ($94.3m) | ($102.0m) | ($102.0m) | ($244.5m) | ($278.8m) | ($278.8m) | ($278.8m) | ($278.8m) | |
| Stockholders' Equity Attributable to Parent | $178.0m | $197.7m | $221.5m | $226.6m | $240.5m | $128.0m | $137.1m | $173.1m | $208.6m | $254.8m | |
| Liabilities and Equity | $885.1m | $921.5m | $917.5m | $1.1b | $1.1b | $1.2b | $1.2b | $1.3b | $1.3b | $1.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.