XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]        
Net income $ 367,355 $ 399,224    
Adjustments to reconcile net income to net cash provided by operating activities:        
Loss on early extinguishment of debt 25 1,114    
Depreciation and amortization 153,932 141,228    
Amortization of intangibles 12,759 14,158    
Amortization of cemetery property 70,431 71,892    
Amortization of loan costs 5,365 5,133    
Provision for expected credit losses 9,693 6,997    
Provision for deferred income taxes 15,243 166,786    
Share-based compensation 12,042 11,786    
Gain (Loss) on Disposition of Assets (4,755) (10,187)    
Change in assets and liabilities, net of effects from acquisitions and divestitures:        
Increase (Decrease) in Accounts Receivable 11,366 11,781    
Increase (Decrease) in Other Operating Assets 12,464 (161,687)    
Increase (Decrease) in Operating Liabilities 20,768 (21,961)    
Effect of preneed funeral production and maturities:        
Increase in preneed receivables, net and trust investments (139,876) (162,087)    
Increase in deferred revenue, net 83,331 105,923    
Increase in deferred receipts held in trust 50,652 11,358    
Net cash provided by operating activities 680,795 591,458    
Cash flows from investing activities:        
Capital expenditures (276,837) (267,752)    
Payments to Acquire Businesses, Net of Cash Acquired (161,865) (72,535)    
Payments for (Proceeds from) Deposits on Real Estate Acquisitions (53,329) (41,084)    
Proceeds from divestitures and sales of property and equipment 21,632 22,713    
Payment to Acquire Life Insurance Policy, Investing Activities (3,009) (8,050)    
Proceeds from Life Insurance Policy 2,673 10,119    
Payments for (Proceeds from) Other Investing Activities (13,864) 0    
Net cash used in investing activities (484,599) (356,589)    
Cash flows from financing activities        
Payments of Debt Issuance Costs 15,246 7,471    
Proceeds from issuance of long-term debt 1,336,137 737,433    
Early payments and extinguishment of debt (1,210,024) (490,973)    
Finance Lease, Principal Payments 27,524 25,678    
Repayments of Unsecured Debt (18,421) (16,402)    
Proceeds from exercise of stock options 42,898 16,106    
Purchase of Company common stock (197,511) (340,279)    
Payments of dividends (130,811) (125,543)    
Bank overdrafts and other (10,253) (9,362)    
Net cash (used in) provided by financing activities (230,755) (262,169)    
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (1,566) (298)    
Net decrease in cash, cash equivalents, and restricted cash (36,125) (27,598)    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 188,636 $ 176,926 $ 224,761 $ 204,524