Navigation Links
Service Corporation International Announces Fourth Quarter 2008 Financial Results and Comments on Outlook for 2009
Date:2/25/2009

a $5.2 million decline in new cemetery property construction revenue.
  • Other revenue decreased by $11.4 million as trust income was dramatically reduced from the prior year due to negative market returns in the fourth quarter of 2008.
  • Cemetery gross profit decreased $28.4 million, or 59.0%, and the gross margin percentage decreased to 12.4% compared to 24.7% due to the revenue declines described above which were partially offset by lower variable costs.
  • Cemetery preneed and atneed sales production decreased $28.9 million, or 18.2% due to the challenging consumer environment created by the current economic uncertainty. A portion of total cemetery sales production is recognized in current period revenues and is therefore reflected in the revenue decrease described above, while the remaining portion is deferred and reduces revenues to be recognized in the future.
  • Other Financial Results

    • General and administrative expenses decreased $13.7 million compared to the fourth quarter of 2007. This decrease was primarily due to $9.5 million of one-time transition and other expenses incurred in 2007 in relation to our Alderwoods acquisition as well as $6.1 million of costs incurred in 2007 to terminate our pension plan.

    Cash Flow and Capital Spending

    Set forth below is a reconciliation of net cash provided by operating activities excluding special items to our reported net cash provided by operating activities prepared in accordance with GAAP. We do not intend for this information to be considered in isolation or as a substitute for other measures of performance prepared in accordance with GAAP.

        (In millions)                   Three Months Ended   Twelve Months Ended
                                            December 31,          D
    '/>"/>
    SOURCE Service Corporation International
    Copyright©2009 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

    Related medicine news :

    1. Lutheran Senior Services Partners with Silverchair Learning Systems to Enhance Employee Training and Education
    2. GAO Report Confirms: Medicare Underpays for Anesthesia Services; Nurse Anesthetists Assure Seniors Access to Safe Anesthesia Care
    3. Therap Services Continues to Hire Experienced Developmental Disability Industry Clinicians for its Customer Support Team
    4. Tata Consultancy Services to Support Roches Global Capacity Building Initiative
    5. Creative Technology Services Enhances its Global Competitiveness with Additional Regulatory Certifications
    6. Medical Services International Maintains Pace in Second Quarter
    7. Area Health Care Providers Announce Plans to Integrate Services
    8. Crdentia Selected by High Rock Raceway to Provide Healthcare Staffing Services
    9. Award-winning QUITPLAN(R) Services Billboard Debuts in Rogers
    10. AMN Healthcare Services to Host Analyst Day on Tuesday, September 18, 2007
    11. MDS Pharma Services Wins Award for Management of Global Malaria Trial

    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:11/30/2009)...CHARLTON, Mass., Nov. 30 Harringto...the addition of Family Practice physicians Martin ...thur to its Charlton practice. ,, These four ...ming from the Fallon Clinic, will soon join the Ha...t Charlton medical office building under construct...
    (Date:11/30/2009)... , MINNEAPOLIS, Nov. 30 The E...or , is now required equipment in the Top Fuel, Fu...asses of the National Hot Rod Association (NHRA) F...p Alcohol dragster and Top Alcohol Funny Car drive...t is the only product that allows medical caregiv...
    (Date:11/30/2009)...rly two years of development and extensive discuss... Quality and Efficiency in Health Care (IQWiG) pre...een cost and benefit. The Institute can now apply ...awarded by the Federal Joint Committee (G-BA). The... on recommendations to the GKV-Spitzenverband [Nat...
    (Date:11/30/2009)...dies report safe transplant results in animals , ...wo new studies in animals suggest that stem cells ...od could help treat some lung and heart disorders....s can differentiate into a long list of different ...k of the Samsung Medical Center in Seoul, Korea, c...
    (Date:11/30/2009)... , NEW YORK, Nov. 30 Reportlin...t is available in its catalogue: ,, The Future...ssues and targeted opportunities for older consume...e-Future-of-Senior-Nutrition-Key-ingredients-strat...onsumers.html ,, Seniors, have emerged as a po...
    Breaking Medicine News(10 mins):Health News:Family Practice Physicians Martin Devine, Leah Doret, Elizabeth Fuller and Monika Mathur Join Harrington Physician Services in Charlton 2Health News:Family Practice Physicians Martin Devine, Leah Doret, Elizabeth Fuller and Monika Mathur Join Harrington Physician Services in Charlton 3Health News:National Hot Rod Association Mandates Eject Helmet Removal System for 2010 2Health News:IQWiG presents a method for evaluating the relation between cost and benefit 2Health News:IQWiG presents a method for evaluating the relation between cost and benefit 3Health News:IQWiG presents a method for evaluating the relation between cost and benefit 4Health News:IQWiG presents a method for evaluating the relation between cost and benefit 5Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 2Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 3Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 4Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 5Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 6Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 7Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 8
    ...RA, Calif., Jan. 7 Agito Networks, Inc.(TM), the,...rise mobility , today,announced that Technology Ma...ons magazine ( http://www.uc-mag.com ) has named A...ning RoamAnywhere Mobility Router uniquely fuses,W...
    ...y Awards Honor CyberKnife Print and TV Ads , , SU...daq: ARAY ), a global leader in the field of rad...d three prestigious awards for its 2008 advertisin... world-renowned ADDY(R) Awards for their patient...
    ...ination rates cast doubt on ability to eliminate d...thDay News) -- Hope is fading for the elimination ...eals lower-than-optimal vaccination rates in five ...g the years 2006 and 2007 occurred in Germany, Ita...
    ... Present at 9:45 a.m. on the 13th with Breakou...an. 7 NewCardio, Inc., (OTC Bulletin Board: NWCI)...announced that Branislav Vajdic, the Company,s Chi... 2009, in San Francisco at the Sir Francis Drake H...
    ...IS, Jan. 7 AGA Medical Corporation ("AGA,Medical"...he Japanese Ministry,of Health, Labour and Welfare...The ADO is a percutaneous, transcatheter occlusion...known as the ductus,arteriosus fails to close afte...
    ...XR Will Become the Gold Standard Adjunctive Treatm...to a New Report from Decision Resources , , WALTH...world,s leading research and advisory firms focusi... once-daily. According to U.S. neurologists, a dru...
    Other Medicine News:Health News:Agito Networks' RoamAnywhere Mobility Router Wins Unified Communications Magazine's 2008 UC Excellence Award 2Health News:Agito Networks' RoamAnywhere Mobility Router Wins Unified Communications Magazine's 2008 UC Excellence Award 3Health News:Agito Networks' RoamAnywhere Mobility Router Wins Unified Communications Magazine's 2008 UC Excellence Award 4Health News:Accuray Receives Prestigious Awards for 2008 Advertising Campaign 2Health News:Accuray Receives Prestigious Awards for 2008 Advertising Campaign 3Health News:Accuray Receives Prestigious Awards for 2008 Advertising Campaign 4Health News:Europe Unlikely to Meet Measles Goals: Report 2Health News:NewCardio to Present at OneMedForum 2009: Disrupters and Drivers on January 13 in San Francisco 2Health News:NewCardio to Present at OneMedForum 2009: Disrupters and Drivers on January 13 in San Francisco 3Health News:NewCardio to Present at OneMedForum 2009: Disrupters and Drivers on January 13 in San Francisco 4Health News:AGA Medical Receives Japanese Approval for AMPLATZER(R) Duct Occluder 2Health News:AGA Medical Receives Japanese Approval for AMPLATZER(R) Duct Occluder 3Health News:Surveyed Neurologists in Both the U.S. and Europe Would Welcome an Antiepileptic Drug That is Administered Once-Daily 2Health News:Surveyed Neurologists in Both the U.S. and Europe Would Welcome an Antiepileptic Drug That is Administered Once-Daily 3
    (Date:11/30/2009)..., , NEW YORK, Nov. 30 ...rch report is available in its catalogue: ,, E... Analysis and Forecasts to 2015 ,, http://www...es-Investment-Opportunities-Analysis-and-Forecasts...estment Opportunities, Analysis and Forecasts to 2...
    (Date:11/30/2009)..., , MT. LAUREL, N.J., Nov. 30 /PRNewswire-...leading provider of technology-enabled clinical do...this week at the Radiological Society of North Ame... VTB for Radiology, the product leverages Speech...recognition application used by thousands of radio...
    (Date:11/30/2009)..., , NEW YORK, Nov. 30 ...arch report is available in its catalogue: ,, ...arket Review ,, http://www.reportlinker.com/p...ldwide-Market-Review.html ,, Decubitus Ulcers...y constant pressure of the patient,s bodyweight. P...
    Breaking Medicine Technology:Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 2Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 3Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 4Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 5Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 6Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 7Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 8Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 9Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 10Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 11Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 12Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 13Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 14Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 15Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015 16MedQuist Features SpeechQ VTB for Radiology Solution at RSNA Convention 2Reportlinker Adds Decubitus Ulcer Treatment Products - A Worldwide Market Review 2Reportlinker Adds Decubitus Ulcer Treatment Products - A Worldwide Market Review 3Reportlinker Adds Decubitus Ulcer Treatment Products - A Worldwide Market Review 4Reportlinker Adds Decubitus Ulcer Treatment Products - A Worldwide Market Review 5Reportlinker Adds Decubitus Ulcer Treatment Products - A Worldwide Market Review 6China National Medicines Corporation Issues Milestone Purchase Order for 12 000 STA Systems 5913 1China National Medicines Corporation Issues Milestone Purchase Order for 12 000 STA Systems 5913 2China National Medicines Corporation Issues Milestone Purchase Order for 12 000 STA Systems 5913 3China National Medicines Corporation Issues Milestone Purchase Order for 12 000 STA Systems 5913 4Quark Pharmaceuticals to Present Data on its siRNA Therapeutic Programs in Kidney and Lung Diseases 5908 1Quark Pharmaceuticals to Present Data on its siRNA Therapeutic Programs in Kidney and Lung Diseases 5908 2Quark Pharmaceuticals to Present Data on its siRNA Therapeutic Programs in Kidney and Lung Diseases 5908 3Arcadia Resources Announces Webcast of Its Fiscal 2010 Second Quarter Conference Call 5902 1Arcadia Resources Announces Webcast of Its Fiscal 2010 Second Quarter Conference Call 5902 2Arcadia Resources Announces Webcast of Its Fiscal 2010 Second Quarter Conference Call 5902 3Arcadia Resources Announces Webcast of Its Fiscal 2010 Second Quarter Conference Call 5902 4
    ...NDO, Fla., Nov. 5 New data from the,CORONA study ...2007,Scientific Sessions showed that adding a stat...gnificantly improve the prognosis for patients wit...rse or prevent the,deterioration of a failing hear...vastatin calcium) 10 mg,experienced an 8 percent r...
    ...VALE, N.J., Nov. 5 Synvista Therapeutics,Inc. (Am...nical studies,designed to explain the mechanism un...DL), that creates a defect in reverse cholesterol ... The studies reveal that a common,blood protein, H...fective,Haptoglobin variant (Hp2-2), found in 40% ...
    Other Medicine Technology:New Data Examines the Effect of Adding a Statin to Optimized Treatment for Patients with Advanced Heart Failure 2New Data Examines the Effect of Adding a Statin to Optimized Treatment for Patients with Advanced Heart Failure 3New Data Examines the Effect of Adding a Statin to Optimized Treatment for Patients with Advanced Heart Failure 4New Data Examines the Effect of Adding a Statin to Optimized Treatment for Patients with Advanced Heart Failure 5Synvista Collaboration Demonstrates in Preclinical Studies the Mechanism for Defective Cholesterol Transport in Patients with Diabetes 2Synvista Collaboration Demonstrates in Preclinical Studies the Mechanism for Defective Cholesterol Transport in Patients with Diabetes 3Synvista Collaboration Demonstrates in Preclinical Studies the Mechanism for Defective Cholesterol Transport in Patients with Diabetes 4
    Crazy Lenses
    Icefire
    Black-out
    Sphere Introducer
    Medicine Products: