EMCOR Group, Inc. (EME) Financial Statements (2024 and earlier)

Company Profile

Business Address 301 MERRITT SEVEN CORPORATE PK
NORWALK, CT 06851
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1731 - Electrical Work (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments503420456404262515
Cash and cash equivalents503420456404262515
Restricted cash and investments  11111
Receivables2,8522,6692,5672,5112,4402,303
Contract with customer, asset, after allowance for credit loss289303273299265262
Other undisclosed current assets165169164164158135
Total current assets:3,8103,5623,4623,3793,1263,216
Noncurrent Assets
Operating lease, right-of-use asset300275268263271266
Property, plant and equipment163160158156155151
Intangible assets, net (including goodwill)1,5021,5081,5131,5231,4781,466
Goodwill927923919917901892
Intangible assets, net (excluding goodwill)574585594606577575
Other noncurrent assets134135124118116131
Total noncurrent assets:2,0982,0782,0632,0592,0212,015
TOTAL ASSETS:5,9085,6415,5255,4395,1465,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2341,1101,3141,7791,6021,131
Employee-related liabilities514439412
Accounts payable790724849751723720
Accrued liabilities444386465514439 
Deferred revenue1,3581,1571,0981,046926828
Debt151616161616
Other liabilities271311258248237261
Other undisclosed current liabilities716967(451)(377)60
Total current liabilities:2,9492,6612,7542,6392,4032,297
Noncurrent Liabilities
Long-term debt and lease obligation, including:231100232415245245
Long-term debt, excluding current maturities  100 170  
Finance lease, liability   4   
Other undisclosed long-term debt and lease obligation231 228261721
Liabilities, other than long-term debt609582565325320331
Deferred revenue    222
Other liabilities358356344323318329
Operating lease, liability251226221219228224
Other undisclosed noncurrent liabilities  231 217226223
Total noncurrent liabilities:840913797958791799
Total liabilities:3,7903,5753,5503,5963,1943,095
Equity
Equity, attributable to parent2,1172,0661,9741,8421,9522,135
Common stock111111
Treasury stock, value(1,329)(1,239)(1,223)(1,223)(1,016)(744)
Additional paid in capital827675706562
Accumulated other comprehensive loss(87)(91)(93)(102)(93)(86)
Retained earnings3,4513,3193,2143,0952,9962,902
Equity, attributable to noncontrolling interest111111
Total equity:2,1182,0661,9741,8421,9532,136
TOTAL LIABILITIES AND EQUITY:5,9085,6415,5255,4395,1465,231

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues3,0462,8902,9502,8262,7072,593
Cost of revenue
(Cost of Goods and Services Sold)
(2,556)(2,454)(2,495)(2,413)(2,324)(2,240)
Gross profit:490436455413383353
Operating expenses(293)(281)(278)(263)(245)(253)
Operating income:197155177150138100
Nonoperating expense
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(0)(0)    
Other undisclosed loss from continuing operations before equity method investments, income taxes   (6)   
Income from continuing operations before equity method investments, income taxes:196155171150138100
Other undisclosed income (loss) from continuing operations before income taxes(3)(2)3(2)(1)(0)
Income from continuing operations before income taxes:194153174148137100
Income tax expense(53)(41)(48)(42)(36)(26)
Income from continuing operations:14111112610610173
Income before gain (loss) on sale of properties:10610173
Net income:14111112610610173
Net loss attributable to noncontrolling interest      
Net income available to common stockholders, diluted:14111112610610173

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:14111112610610173
Other comprehensive income (loss)438(8)(7)(2)
Comprehensive income:145114134979371
Comprehensive loss, net of tax, attributable to noncontrolling interest      
Comprehensive income, net of tax, attributable to parent:145114134979371

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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