How do you interpret funeral — payments to acquire limited partnership interests?

Indicates a strategic move to diversify investment returns through private or alternative market vehicles.

How does funeral — payments to acquire limited partnership interests compare across companies?

Common among large firms with sophisticated treasury or trust management functions.

Service Corporation International SCI Funeral — Payments To Acquire Limited Partnership Interests

Discontinued — last reported Q4 '15

Similar metrics at other companies

SEICPayments to Acquire Limited Partnership Interests

$0-100%

CNCSpecialty Services — Payments To Acquire Businesses Gross

$80M—

CRSOperating Segments — Payments To Acquire Productive Assets

$18M+56.5%

FLSPayments For Disposition Of Business

$0—

SEICInstitutional Investors — Payments to Acquire Productive Assets

$971K+48.6%

UHAL.BOperating Segments — Payments To Acquire Investments

——

Other financials

Income statement

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Revenue$1.1B+2.1%

Gross profit$286.5M-1.7%

Operating income$243.8M-3.1%

Net income$135.8M-4.9%

EPS (diluted)$0.97-1.0%

Balance sheet

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Cash & equivalents$261.0M+10.5%

Total debt$5.2B+5.1%

Total equity$1.6B-4.0%

Total assets$18.6B+7.3%

Cash flow

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Operating cash flow$333.8M+7.3%

CapEx$79.9M+2.2%

Free cash flow$253.9M+9.0%

Valuation

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Market cap$10.02B+1.5%

Enterprise value$14.92B+2.5%

P/E18.7×+0.1×

P/S2.3×0.0×

Profitability

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Gross margin26.2%-0.1pp

Operating margin22.4%-0.1pp

Net margin12.4%-0.2pp

FCF margin13.3%-2.5pp

Returns & leverage

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Return on equity33.1%+0.4pp

Debt / equity3.3×+0.3×

Current ratio0.6×+0.1×

Where this comes from

Reported directly by Service Corporation International in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireLimitedPartnershipInterests.

The official record: Service Corporation International’s 10-K, filed February 18, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does funeral — payments to acquire limited partnership interests mean?: Cash spent to buy into limited partnership investment funds.
How do you interpret funeral — payments to acquire limited partnership interests?: Indicates a strategic move to diversify investment returns through private or alternative market vehicles.
How does funeral — payments to acquire limited partnership interests compare across companies?: Common among large firms with sophisticated treasury or trust management functions.