News Release

SCI Corporate Communications
Phone: 1-844-220-4408
Email: Press.Room@sci-us.com
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Service Corporation International Announces Second Quarter 2003 Earnings Of
$.08 Per Diluted Share

HOUSTON, Aug. 6 /PRNewswire-FirstCall/ -- Service Corporation International (NYSE: SRV), the world's largest funeral and cemetery company, today announced results for the second quarter of 2003.

     Highlights of Quarterly Results

     (In millions,
      except per share
      amounts)             Three Months Ended         Six Months Ended
                               June 30,                   June 30,
                          2003          2002 (A)     2003          2002 (A)

    Total Revenues        $586.2        $583.4     $1,166.3      $1,184.7
    Total Gross Profits    $94.4         $91.3       $207.0        $210.4
    Net Income / (Loss)    $23.8       $(143.0)       $66.1       $(231.7)
    Diluted Earnings /
     (Loss) Per Share       $.08         $(.49)        $.21         $(.79)
    Cash Flows from
     Operating Activities  $60.4         $75.6       $243.7        $158.4
    Capital Expenditures   $26.4         $21.7        $47.7         $40.0
    Cash and Cash
     Equivalents             ---           ---       $158.0        $200.6 (B)
    Total Debt               ---           ---     $1,735.8      $1,984.8 (B)

    (A)  The Company has reclassified certain prior year amounts throughout
         this press release to conform to the current period financial
         presentation with no effect on previously reported results of
         operations, financial condition or cash flows.
    (B)  Prior period amounts as of December 31, 2002.


    --  Revenues increased in the second quarter of 2003 compared to the
        second quarter of 2002.  Favorable currency effects in the Company's
        French funeral operations helped to offset the negative impact from
        asset dispositions and decreases in the Company's North American
        cemetery revenues.
    --  Gross profits for the second quarter of 2003 increased $3.1 million or
        3.4%, led by significant profit improvements in the Company's North
        America cemetery and French funeral businesses.
    --  Cash flows from operating activities decreased $15.2 million or 20.1%
        in the second quarter of 2003 over the prior period primarily
        reflecting higher foreign cash taxes paid and lower cash receipts from
        fewer funeral services performed during March, April and May of 2003.
    --  Capital expenditures increased $4.7 million or 21.7% in the second
        quarter of 2003 compared to 2002 due to a greater emphasis on
        maintenance capital spending.  The Company anticipates spending
        $110 to $130 million in total capital expenditures in 2003, of which
        $75 to $85 million is estimated to be expenditures deemed reasonably
        necessary to maintain the Company's facilities.
    --  The Company continued to improve its financial condition in the second
        quarter of 2003.  Since the beginning of the year, the Company has
        reduced its total debt, less cash and cash equivalents, by
        $206.4 million or 11.6%.

Commenting on the 2003 financial results, Robert L. Waltrip, Chairman and Chief Executive Officer, stated:

"During the first six months of 2003, SCI delivered solid results in a difficult industry environment. In the face of volume declines experienced by the industry in North America, we generated significant cash flow improvement. It is also satisfying to see our focus on cost reduction and operating efficiencies translate into improved financial performance, particularly in our North American cemetery business."

Detailed Comparable Operating Results

The following table and segment analysis summarizes the Company's comparable results for the second quarters and first six months of 2003 and 2002. Comparable financial information excludes operations that have been acquired or constructed after January 1, 2002 and operations that have been divested or joint ventured by the Company prior to June 30, 2003. Comparable financial results are meant to be reflective of the Company's "same store" results of operations.

     (Dollars in millions,
      except funeral services
      performed and average
      revenue per funeral
      service)         Three Months Ended          Six Months Ended
                            June 30,                     June 30,
                  2003           2002           2003           2002

    North America
     Funeral
     Revenues     $282.1         $282.9         $580.3         $590.1
    International
     Funeral
     Revenues     $144.4         $115.6         $283.0         $230.3
      Funeral
       Revenues   $426.5         $398.5         $863.3         $820.4

    North America
     Funeral Gross
     Profits       $51.7  18.3%   $54.6  19.3%  $120.4  20.7%  $135.2  22.9%
    International
     Funeral Gross
     Profits       $16.9  11.7%   $12.2  10.6%   $36.4  12.9%   $29.0  12.6%
      Funeral Gross
       Profits     $68.6  16.1%   $66.8  16.8%  $156.8  18.2%  $164.2  20.0%

    North America
     Funeral
     Services
     Performed    65,352         66,402        135,114        139,958
    France
     Funeral
     Services
     Performed    32,604         32,549         68,208         69,729
    North America
     Average
     Revenue Per
     Funeral
     Service      $4,151         $4,060         $4,131         $4,035
    France Average
     Revenue Per
     Funeral
     Service,
     Excluding
     Currency
     Effect       $2,510         $2,379         $2,422         $2,313

    North America
     Cemetery
     Revenues     $150.3         $163.8         $283.1         $302.1
    International
     Cemetery
     Revenues       $8.7           $7.7          $15.7          $15.4
      Cemetery
       Revenues   $159.0         $171.5         $298.8         $317.5

    North America
     Cemetery
     Gross Profits $25.3  16.8%   $21.8  13.3%   $49.8  17.6%   $37.7  12.5%
    International
     Cemetery
     Gross Profits  $2.3  26.4%    $2.1  27.3%    $3.6  22.9%    $3.4  22.1%
      Cemetery Gross
       Profits     $27.6  17.4%   $23.9  13.9%   $53.4  17.9%   $41.1  12.9%


    Comparable Funeral Segment Analysis - Second Quarter 2003

    --  Although the number of funeral services performed in North America
        declined 1.6%, funeral revenues remained flat quarter over quarter.  A
        2.2% increase in the average revenue per funeral service helped to
        offset the decline in funeral services performed and lower levels of
        general agency revenues associated with insurance funded prearranged
        funeral sales.  This increase in average revenue per funeral service
        was achieved despite an increase in cremation services during the
        quarter, which typically carry a lower average revenue.
    --  The North America funeral gross margin was 18.3% versus 19.3% in the
        prior year quarter.  The gross margin decline was primarily a result
        of fewer than expected funeral services performed on a predominantly
        fixed cost structure, particularly as it relates to personnel costs.
    --  North America funeral locations had an average cremation rate of 39.3%
        compared to 37.9% in the prior year quarter.  The average revenue per
        cremation service increased 2.7% over the prior year quarter due to
        increased sales of Dignity Memorial(R) packaged cremation plans, which
        offer consumers a broad array of unique cremation products and
        services.
    --  In North America, 31.6% of funeral services performed were previously
        prearranged compared to 31.3% in the prior year quarter.  Revenues
        from the performance of prearranged funeral contracts had an average
        revenue per funeral service of $4,021 in the second quarter of 2003
        compared to $3,948 in the second quarter of 2002.
    --  Revenues and gross profits from funeral operations in France were
        $140.2 million and $15.8 million in the second quarter of 2003
        compared to $112.1 million and $11.6 million in 2002.  Included in
        2003 results are positive effects of foreign currency translation of
        $26.8 million in revenues and $3.1 million in gross profits compared
        to 2002.  Excluding the favorable currency effect, France's funeral
        revenues grew by $1.3 million and gross margin improved to 11.3%
        versus 10.4% in the prior year quarter.


    Comparable Cemetery Segment Analysis - Second Quarter 2003

    --  North America cemetery revenues decreased by $13.5 million or 8.2%
        compared to the prior year quarter.  The decline in revenues is
        primarily attributable to fewer cemetery property development projects
        completed in the second quarter of 2003 compared to the second quarter
        of 2002 and lower levels of cemetery merchandise delivered during the
        quarter.
    --  Although cemetery revenues declined, the North America cemetery gross
        margin improved to 16.8% compared to 13.3% in the prior year quarter.
        The gross margin increase was primarily due to a reduction in selling
        costs as a result of significant changes to the Company's preneed
        sales structure and processes.
    --  Revenues and gross profits from cemetery operations in South America
        were $8.7 million and $2.3 million in the second quarter of 2003
        compared to $7.7 million and $2.1 in 2002.  Included in 2003 results
        are negative effects of foreign currency translation of $0.3 million
        in revenues and $0.1 million in gross profits compared to 2002.
        Excluding the unfavorable currency effect, South America's cemetery
        revenues and gross profits increased 16.4% and 18.2%, respectively,
        compared to the prior year quarter.

Commenting on the Company's second quarter 2003 operating results, SCI President and Chief Operating Officer, Tom Ryan, said:

"We remain encouraged by the progress of our North American cemetery operations where cost reduction efforts and cemetery property sales initiatives are driving significant margin improvement. In the funeral segment, lower funeral volumes continued to impact results in the second quarter. We experienced lower death trends in April and May similar to first quarter levels with a moderate turnaround in June. Despite this challenging environment, our funeral revenues remained flat quarter over quarter primarily fueled by the success of our Dignity Memorial(R) packaged funeral plan sales initiative."

Other Costs and Expenses

The Company recognized a net loss of $1.5 million during the second quarter of 2003 in the income statement line item Gains and impairment (losses) on dispositions, net. As dispositions occur in the normal course of business, gains or losses on the sales of such businesses are recognized in this income statement line item. Additionally, as dispositions occur related to the Company's ongoing asset sale programs, adjustments are made through this income statement line item to reflect the difference between actual proceeds received from the sale compared to the original estimates.

During the second quarter of 2003, the Company sold its remaining equity investment in its operations in Spain for net cash proceeds of $26.0 million and recognized a gain of $8.1 million included in Gains and impairment (losses) on dispositions, net. This gain was offset by impairment losses for several dispositions in North America during the quarter.

The Company has three components of overhead costs in North America: general and administrative expenses, home office overhead and field overhead. Home office and field overhead costs are allocated to funeral and cemetery operations in North America while general and administrative expenses are disclosed in a separate line item on the income statement. Home office and field overhead costs totaled $38.5 million in the second quarter of 2003 compared to $39.7 million in the same period of 2002. Reductions in costs as a result of changes to the compensation structure and processes of the Company's preneed sales efforts helped to offset initial start up costs associated with the outsourcing of its accounts payable, payroll and trust administration functions. These outsourcing programs are expected to meaningfully reduce overhead costs beginning in 2004. In the second quarter of 2003, general and administrative expenses were $21.3 million compared to $19.6 million in 2002 and were impacted by increased professional fees and other costs associated with cash flow and profit improvement initiatives.

The Company recognized $2.4 million of Other income during the second quarter of 2003 compared to an expense of $2.0 million in the prior year quarter. This variance is a result of losses on early extinguishments of debt of $4.4 million on a pretax basis recognized in the second quarter of 2002.

Interest expense decreased $5.3 million or 12.8% in the second quarter of 2003 compared to the prior year quarter as a result of the significant debt reductions by the Company in the last twelve months.

The Company's consolidated effective tax rate was 34.1% during the quarter compared to 28.6% in the prior year quarter. The increase in the effective tax rate is due to the utilization in previous years of the Company's net operating loss carry-forwards related to its French operations.

Free Cash Flow

The Company defines free cash flow as cash flows from operating activities (adjusted for certain unusual items) less maintenance capital expenditures (which are expenditures for capital improvements deemed reasonably necessary to maintain the Company's facilities in a condition consistent with Company standards). The Company believes that free cash flow provides useful information to investors regarding its financial condition and liquidity as well as its ability to generate cash for purposes such as reducing debt, expanding its business through strategic investments and repurchasing stock or paying dividends (subject to restrictions in its debt agreements). In the Company's definition, free cash flow is not reduced by capital expenditures intended to grow revenues and profits such as the acquisition of funeral service locations or cemeteries in large or strategic North America markets, development of high-end cemetery property inventory or the construction of funeral home facilities on Company-owned cemeteries. In 2003, the Company anticipates spending $35 to $45 million on such growth-related capital investments.

While the Company believes free cash flow, as defined, is helpful in managing its business and provides useful information to investors, certain events may arise, financial or otherwise, which could require the use of free cash flow so that it would not be available for the purposes described above. Furthermore, free cash flow should be reviewed in addition to, but not as a substitute for, the data provided in the Company's Consolidated Statement of Cash Flows.

The following table provides a reconciliation between Cash flows from operations and free cash flow.

     (In millions)         Three Months Ended         Six Months Ended
                                June 30,                   June 30,
                            2003         2002         2003          2002
    Cash Flows From
     Operations             $60.4        $75.6       $243.7        $158.4
    Less:  Unusual Tax
     Refunds                  ---          ---       $(94.5)       $(22.0)
    Add:  Settlement Of
     Significant Legal
     Matters                 $4.0          ---         $4.0           ---
    Adjusted Cash Flows
     From Operations        $64.4        $75.6       $153.2        $136.4

    Less:  Maintenance
     Capital Expenditures  $(18.9)      $(14.9)      $(36.0)       $(28.1)
    Free Cash Flow          $45.5        $60.7       $117.2        $108.3


Free cash flow decreased $15.2 million or 25.0% during the second quarter of 2003 primarily reflecting lower cash receipts from fewer funeral services performed during March, April and May of 2003, higher levels of capital improvements made to the Company's facilities and higher foreign cash taxes paid. This activity in the second quarter of 2003 compares to very strong working capital improvement in the second quarter of 2002.

In the first six months of 2003, free cash flow increased $8.9 million or 8.2% compared to 2002. This increase resulted from cemetery operating improvements and working capital improvements, and were offset to a lesser extent by higher levels of maintenance capital spending, higher foreign cash taxes paid and lower cash receipts from fewer funeral services performed during 2003.

Commenting on the Company's free cash flow in 2003, SCI President and Chief Operating Officer, Tom Ryan, said:

"The growth of more than 8% in free cash flow during the first six months of 2003 demonstrates the strength and stability of our business. Even more impressive, this growth was achieved despite the industry-wide weakness in funeral volumes during the period. We continue to believe that our strong cash flows distinguish SCI from others in this industry and allow us unique opportunities to grow shareholder value."

Accounting Changes

In January 2003, the FASB issued FASB Interpretation No. 46 (FIN No. 46), "Consolidation of Variable Interest Entities, an Interpretation of Accounting Research Bulletin (ARB) No. 51." FIN No. 46 is required to be adopted by the Company in the third quarter of 2003. As a result of the adoption of FIN No. 46, the Company believes it will be required to consolidate, as of July 1, 2003, its prearranged funeral, cemetery merchandise and services and endowment care trust funds, as well as certain cemeteries managed, but not owned, by the Company. The Company is currently assessing the impact, if any, on its results of operations, financial condition or cash flows as a result of potentially consolidating such trust funds. The Company believes, however, it will recognize a pretax charge of $20 to $30 million representing the cumulative effect of an accounting change in the third quarter of 2003, primarily as a result of consolidating certain cemeteries not owned by the Company.

Conference Call

The Company will host a conference call on Thursday, August 7, 2003, at 9:00 a.m. Central time. A question and answer session will follow a brief presentation made by the Company. The conference call dial-in number is (913) 981-5509. The conference call will also be broadcast live via the Internet and can be accessed through the Company's website at http://www.sci-corp.com . After the completion of the live conference call, a replay of the conference call will be available through August 21, 2003 and can be accessed at (719) 457-0820 with the confirmation code of 471464. Additionally, a replay of the conference call will be available on the Company's website at http://www.sci-corp.com under the Investor section titled "Conference Calls", and this earnings release will be available under the section titled "In the News".

Cautionary Statement on Forward-Looking Statements

The statements in this document that are not historical facts are forward- looking statements made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words such as "believe," "estimate," "project," "expect," "may", "anticipate", "forecast", "predict" and words of similar meaning that convey the uncertainty of future events or outcomes. These statements are based on assumptions that the Company believes are reasonable; however, many important factors could cause the Company's actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company. Important factors which could cause actual results of the Company to differ materially from those in forward-looking statements include, among others, the following:

    1)  Changes in general economic conditions, both domestically and
        internationally, impacting financial markets (e.g., marketable
        security values, as well as currency and interest rate fluctuations)
        that could negatively affect the Company, particularly, but not
        limited to, levels of trust fund income, interest expense and negative
        currency translation effects.
    2)  The outcomes of pending lawsuits and proceedings against the Company
        involving alleged violations of securities laws.
    3)  The outcomes of pending lawsuits in Florida involving certain cemetery
        locations, including criminal charges or other civil claims being
        filed against the Company, its subsidiaries or its employees.
    4)  The Company's ability to successfully implement its strategic plan
        related to producing operating improvements, strong cash flows and
        further deleveraging as discussed herein and in the Company's
        Form 10-K for the year ended December 31, 2002.
    5)  The Company's ability to successfully implement its plan to reduce
        costs and increase cash flows associated with significant changes
        being made to the Company's organization structure, process and
        quality of its sales efforts.
    6)  Changes in consumer demand and/or pricing for the Company's products
        and services due to several factors, such as changes in local number
        of deaths, cremation rates, competitive pressures and local economic
        conditions.
    7)  Changes in domestic and international political and/or regulatory
        environments in which the Company operates, including potential
        changes in tax, accounting and trusting policies.
    8)  Changes in credit relationships impacting the availability of credit
        and the general availability of credit in the marketplace.
    9)  The Company's ability to successfully complete its ongoing process
        improvement and system implementation projects, including the
        Company's replacement of its North America point-of-sale information
        technology systems.
    10) The Company's ability to successfully access surety and insurance
        markets at a reasonable cost.
    11) The Company's ability to successfully exploit its substantial
        purchasing power with certain of the Company's vendors.

For further information on these and other risks and uncertainties, see the Company's Securities and Exchange Commission filings, including the Company's 2002 Annual Report on Form 10-K. The Company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events or otherwise.

Service Corporation International, headquartered in Houston, Texas, is the world's largest funeral and cemetery company. The Company has an extensive network of providers, including 2,259 funeral service locations, 431 cemeteries and 188 crematoria providing funeral and cemetery services in 8 countries as of June 30, 2003. For more information about Service Corporation International, please visit our website at www.sci-corp.com

     For additional information contact:

     Investors:  Debbie Young - Director of Investor Relations  (713) 525-9088
     Media:      Terry Hemeyer - Managing Director / Corporate Communications
                 (713) 525-5497


                      SERVICE CORPORATION INTERNATIONAL
                     CONSOLIDATED STATEMENT OF OPERATIONS

     (In thousands, except
      per share amounts)    Three Months Ended         Six Months Ended
                                 June 30,                   June 30,
                            2003          2002         2003          2002

    Revenues:
      Funeral             $427,567      $406,806     $866,854      $855,147
      Cemetery             158,675       176,617      299,481       329,542
                           586,242       583,423    1,166,335     1,184,689
    Gross profits:
      Funeral               67,576        65,762      154,825       166,547
      Cemetery              26,842        25,511       52,148        43,890
                            94,418        91,273      206,973       210,437
    General and
     administrative
     expenses              (21,268)      (19,592)     (42,679)      (35,323)
    Gains and impairment
     (losses) on
     dispositions, net      (1,519)     (187,709)       7,815      (190,621)
    Other operating
     expenses               (1,724)      (40,807)      (1,724)      (40,807)
      Operating income
       (loss)               69,907      (156,835)     170,385       (56,314)

    Interest expense       (36,121)      (41,406)     (73,517)      (84,792)
    Other income
     (expense), net          2,398        (1,984)       6,410         6,200
      Income (loss) before
       income taxes and
       cumulative effect of
       accounting change    36,184      (200,225)     103,278      (134,906)
    (Provision) benefit
     for income taxes      (12,355)       57,210      (37,180)       38,740
      Income (loss) before
       cumulative effect of
       accounting Change    23,829      (143,015)      66,098       (96,166)
    Cumulative effect of
     accounting change
     (net of income tax
     benefit of $11,234)       ---           ---          ---      (135,560)
        Net income (loss)  $23,829     $(143,015)     $66,098     $(231,726)
    Basic earnings (loss)
     per share:
      Income (loss) before
       cumulative effect of
       accounting change     $0.08        $(0.49)       $0.22        $(0.33)
      Cumulative effect of
       accounting change       ---           ---          ---         (0.46)
        Net income (loss)    $0.08        $(0.49)       $0.22        $(0.79)
    Diluted earnings (loss)
     per share:
      Income (loss) before
       cumulative effect of
       accounting Change     $0.08        $(0.49)       $0.21        $(0.33)
      Cumulative effect of
       accounting change       ---           ---          ---         (0.46)
        Net income (loss)    $0.08        $(0.49)       $0.21        $(0.79)
    Basic weighted average
     number of shares      299,351       293,872      298,563       293,263
    Diluted weighted
     average number of
     shares                349,709       293,872      349,150       293,263


                      SERVICE CORPORATION INTERNATIONAL
                          CONSOLIDATED BALANCE SHEET

     (In thousands, except per share amounts)       June 30,     December 31,
                                                      2003           2002

    Assets
    Current assets:
      Cash and cash equivalents                     $157,988       $200,625
      Receivables, net of allowances                 261,829        291,765
      Inventories                                    130,976        135,529
      Other                                           44,909        126,980
        Total current assets                         595,702        754,899

    Prearranged funeral contracts                  4,528,000      4,273,790
    Long-term receivables, net of allowances       1,124,239      1,156,458
    Cemetery property, at cost                     1,551,912      1,567,584
    Property, plant and equipment, at cost (net)   1,207,931      1,188,340
    Deferred charges and other assets                608,071        598,536
    Goodwill                                       1,198,195      1,184,178
                                                 $10,814,050    $10,723,785

    Liabilities and Stockholders' Equity
    Current liabilities:
      Accounts payable and accrued liabilities      $320,990       $361,910
      Current maturities of long-term debt           130,897        100,330
      Income taxes                                    11,140          2,043
        Total current liabilities                    463,027        464,283

    Long-term debt                                 1,604,920      1,884,508
    Deferred prearranged funeral contract revenues 4,907,234      4,659,994
    Deferred preneed cemetery contract revenues    1,646,513      1,672,661
    Deferred income taxes                            546,028        522,453
    Other liabilities                                220,900        216,115
    Stockholders' equity:
      Common stock, $1 per share par value,
       500,000,000 shares authorized, 299,987,535
       and 297,010,237, issued and outstanding
       (net of 2,469,445 and 2,516,396 treasury
       shares, at par)                               299,988        297,010
      Capital in excess of par value               2,266,955      2,259,936
      Accumulated deficit                           (979,931)    (1,046,029)
      Accumulated other comprehensive loss          (161,584)      (207,146)
        Total stockholders' equity                 1,425,428      1,303,771
                                                 $10,814,050    $10,723,785


                      SERVICE CORPORATION INTERNATIONAL
                     CONSOLIDATED STATEMENT OF CASH FLOWS

     (In thousands)                                   Six Months Ended
                                                           June 30,
                                                      2003          2002

    Cash flows from operating activities:
    Net income (loss)                                $66,098      $(231,726)
    Adjustments to reconcile net income (loss) to
     net cash provided by operating activities:
      Cumulative effect of accounting change,
       net of tax                                        ---        135,560
      Depreciation and amortization                   84,357         87,453
      Provision (benefit) for deferred income taxes   25,225        (50,902)
      (Gains) and impairment losses on
       dispositions, net                              (7,815)       190,621
      Other operating expenses                         1,724         40,807
      Payments on restructuring and non-recurring
       charges                                        (6,332)        (5,807)
      (Gains) losses on early extinguishments
       of debt                                        (1,903)         3,423
      Changes in assets and liabilities, net of
       effects from acquisitions and dispositions:
        Decrease in receivables                       56,167         13,445
        Decrease in other assets                      43,149         16,137
        Decrease in payables and other liabilities   (12,356)       (50,120)
        Other                                          8,149         (3,545)
      Net effect of prearranged funeral
       production and maturities                     (12,813)        13,029
    Net cash provided by operating activities        243,650        158,375

    Cash flows from investing activities:
      Capital expenditures                           (47,678)       (39,999)
      Proceeds from divestitures and sales of
       property and equipment                         34,232         34,724
      Proceeds from joint ventures and sales of
       equity investments, net of cash retained       30,802        266,704
      Net deposits of restricted funds               (37,336)       (34,188)
      Other                                              ---            848
    Net cash (used in) provided by investing
     activities                                      (19,980)       228,089

    Cash flows from financing activities:
      Net decrease in borrowings under credit
       agreements                                        ---        (29,061)
      Payments of debt                               (83,469)       (67,549)
      Early extinguishments of debt                 (175,515)      (156,308)
      Bank overdrafts and other                      (11,201)           204
    Net cash used in financing activities           (270,185)      (252,714)
    Effect of foreign currency                         3,878           (613)
    Net (decrease) increase in cash and cash
     equivalents                                     (42,637)       133,137
    Cash and cash equivalents at beginning
     of period                                       200,625         29,292
    Cash and cash equivalents at end of period      $157,988       $162,429

SOURCE Service Corporation International