preneed

"No profit in preneed," has been the guiding principle.

Thomas Lynch: Bamboozles, Sacred and Secular Thomas Lynch 2010

StoneMor is but another iteration of the "big-box" model of preneed sales that is eager to wrap its cold-call and hard-sell in the unctuous idioms of holy mother church.

Thomas Lynch: Bamboozles, Sacred and Secular Thomas Lynch 2010

Same store Funeral Operating Revenue was $25.9 million or 0.3% lower than the comparable period a year ago as same store contract volume decreased by 36 contracts, or 0.7%, while the corresponding average revenue per contract excluding preneed funeral trust earnings increased 0.4% to $5,360.

unknown title 2011

There is no difference between a preneed funeral contract secured by a trust and a preneed funeral contract secured by a life insurance policy to the customer, but to Carriage we have greater discretionary ability to impact future investment strategy, asset allocations and returns for our trust funds than through third party insurance providers.

unknown title 2011

June 30, 2011 on page 8, separated on a non-GAAP basis into its atneed and preneed businesses, which is the perspective used by management in managing its corporate assets and debt obligations.

unknown title 2011

Total Financial Revenue includes preneed funeral insurance commission income, earnings from three types of trust funds and preneed insurance policies, and finance charges on our preneed cemetery receivables portfolio.

unknown title 2011

The average revenue per contract in the Acquired Portfolio was $3,844 excluding preneed funeral trust earnings and the burial rate dropped to 32.6% from 40.1% last year, as the majority of recently acquired businesses are concentrated in higher cremation areas of Florida.

unknown title 2011

Performance drivers include funeral contract volumes, cremation mix, cemetery preneed property sales, preneed maturities and deliveries, average revenue per service, financial revenue, overhead items, and the timing and integration of new acquisitions.

unknown title 2011

Other variables that affect earnings and free cash flow include the outstanding amounts under our bank credit facility, our effective tax rate which is currently estimated to be approximately 40%, preneed trust fund income withdrawals, and the estimated number of diluted shares outstanding which is currently estimated to be approximately 18.4 million.

unknown title 2011

Attached for your review and to help understand the accounting for preneed activities is the Company's Consolidated Balance Sheet as of

unknown title 2011