Service Corporation International Announces Third Quarter 2009 Financi...(ng. Cash Flow and Capital Spendin...),Health

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 liquidity prepared in accordance with GAAP.

                                          Three Months      Nine Months
                                             Ended             Ended
    (In millions)                         September 30,     September 30,
                                          -------------     -------------
                                          2009     2008     2009     2008
                                          ----     ----     ----     ----
    Net cash provided by operating
     activities, as reported             $94.2   $116.9   $305.3   $233.4
    Federal tax payment                      -        -        -     90.0
    One-time Alderwoods transition
     and other costs                         -        -        -      3.3
                                           ---      ---      ---      ---
    Net cash provided by operating
     activities, excluding special
     items                               $94.2   $116.9   $305.3   $326.7
                                         =====   ======   ======   ======

Net cash provided by operating activities, excluding special items, was $94.2 million for the third quarter of 2009, down from $116.9 million in the prior year quarter. The decrease reflected the impact of partially funding an October payroll in the current quarter, disbursements for mid-year incentive compensation, and lower receipts on preneed receivables, which were partially offset by our cost control initiatives mentioned above. Although our cash flow was lower than the prior year quarter, it did exceed our
'/>"/>