SERVICE CORP INTERNATIONAL - 10-K filing on 2012-02-13

Supplementary Information Level 3 (Tables)

12 Months Ended

Dec. 31, 2011

The detail of certain balance sheet accounts is as follows:



	December 31,
	2011			2010
	(In thousands)
Cash and cash equivalents:
Cash	$	67,937		$	78,382
Commercial paper and temporary investments	60,632			92,464
	$	128,569		$	170,846
Receivables, net:
Notes receivable	$	1,313		$	1,395
Atneed funeral receivables, net of allowances of $7,755 and $10,852, respectively	77,103			85,853
Atneed cemetery receivables, net of allowances of $1,989 and $3,121, respectively	12,837			10,235
Other	12,639			9,702
	$	103,892		$	107,185
Other current assets:
Income tax receivable	$	8,670		$	14,499
Prepaid insurance	4,221			4,182
Restricted cash	4,138			3,650
Other	8,774			5,415
	$	25,803		$	27,746
Cemetery property:
Undeveloped land	$	1,072,170		$	1,083,290
Developed land, lawn crypts, and mausoleums	425,533			425,497
	$	1,497,703		$	1,508,787
Property and equipment:
Land	$	515,100		$	509,100
Buildings and improvements	1,526,290			1,496,310
Operating equipment	456,852			427,607
Leasehold improvements	24,717			23,302
Capital leases	168,538			156,235
	2,691,497			2,612,554
Less: Accumulated depreciation	(976,823		)	(891,846		)
Accumulated amortization of capital leases	(96,313		)	(93,010		)
	$	1,618,361		$	1,627,698
Deferred charges and other assets:
Intangible assets, net	253,251			219,489
Restricted cash	6,903			14,755
Non-current deferred tax assets	6,932			—
Notes receivable, net of allowances of $1,665 and $3,111, respectively	11,488			11,781
Cash surrender value of insurance policies	77,791			72,420
Other	74,486			78,137
	$	430,851		$	396,582



	December 31,
	2011		2010
	(In thousands)
Accounts payable and accrued liabilities:
Accounts payable	$	115,302	$	116,543
Accrued compensation	82,145		69,988
Accrued dividend	11,027		9,602
Accrued interest	22,555		22,923
Accrued property taxes	13,057		13,726
Self insurance reserves	52,697		53,892
Bank overdraft	15,309		15,582
Other accrued liabilities	46,812		40,395
	$	358,904	$	342,651
Other liabilities:
Accrued pension	$	29,214	$	31,377
Deferred compensation	49,711		42,246
Customer refund obligation reserve	76,270		75,517
Tax liability	207,701		201,183
Indemnification liability	2,490		2,689
Other	49,387		46,608
	$	414,773	$	399,620

The detail of certain income statement accounts is as follows for the years ended December 31:



	2011		2010		2009
	(In thousands)
Merchandise revenues:
Funeral	$	514,548	$	489,744	$	450,892
Cemetery	516,677		481,508		446,035
Total merchandise revenues	1,031,225		971,252		896,927
Services revenues:
Funeral	968,747		930,163		882,186
Cemetery	195,376		186,236		183,288
Total services revenues	1,164,123		1,116,399		1,065,474
Other revenues	120,692		102,901		91,119
Total revenues	$	2,316,040	$	2,190,552	$	2,053,520
Merchandise costs and expenses:
Funeral	$	258,173	$	247,104	$	226,931
Cemetery	222,406		204,665		191,489
Total cost of merchandise	480,579		451,769		418,420
Services costs and expenses:
Funeral	496,557		453,678		419,855
Cemetery	97,702		94,776		98,923
Total cost of services	594,259		548,454		518,778
Overhead and other expenses	762,666		741,106		694,927
Total cost and expenses	$	1,837,504	$	1,741,329	$	1,632,125

Cash interest payments for the three years ended December 31 (in thousands) were as follows:



	Years Ended December 31,
	2011		2010		2009
	(In thousands)
Dividends accrued but not paid	$	11,027	$	9,602	$	10,161
Financing held in escrow	$	—	$	—	$	147,173