EMCOR Group, Inc. (EME) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments359368213252364354307
Cash and cash equivalents359368213252364354307
Restricted cash and investments1222223
Receivables2,0311,9271,9471,7971,7741,7151,635
Contract with customer, asset178179179178158169156
Other undisclosed current assets91837984888490
Total current assets:2,6602,5582,4212,3142,3862,3242,190
Noncurrent Assets
Operating lease, right-of-use asset245233233 
Property, plant and equipment156149146145134129125
Long-term investments and receivables, including: 124344
Other undisclosed long-term investments and receivables 124344
Intangible assets, net (including goodwill)1,6751,5021,5021,4961,4791,4501,460
Goodwill1,0641,0201,0141,005991978978
Intangible assets, net (excluding goodwill)611483488491488471482
Other noncurrent assets93899092869090
Other undisclosed noncurrent assets   228   
Total noncurrent assets:2,1701,9751,9731,9641,7031,6721,679
TOTAL ASSETS:4,8304,5334,3944,2784,0893,9963,869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,048972906871995873788
Accounts payable665585579578652530505
Employee-related liabilities383387327293343344282
Deferred revenue624566544 
Debt575654 16  
Contract with customer, liability536552531552
Other liabilities196185185198171169150
Other undisclosed current liabilities14141467 1616
Total current liabilities:1,9391,7931,7051,6731,7341,5901,505
Noncurrent Liabilities
Long-term debt and lease obligation, including:2942482762802802525
Long-term debt, excluding current maturities50 2525252525
Finance lease, liability666 
Operating lease, liability205194195 
Other undisclosed long-term debt and lease obligation344950255255  
Liabilities, other than long-term debt, including:335324325324333344342
Deferred revenue222 
Contract with customer, liability22  
Other liabilities 322323322 344342
Other undisclosed liabilities, other than long-term debt333   331  
Other undisclosed noncurrent liabilities205191193189 259262
Total noncurrent liabilities:834764794794613627629
Total liabilities:2,7732,5572,4992,4672,3472,2172,134
Stockholders' equity
Stockholders' equity attributable to parent2,0571,9751,8941,8111,7411,7781,734
Common stock1111111
Treasury stock, value(254)(254)(254)(254)(254)(133)(98)
Additional paid in capital32312722211713
Accumulated other comprehensive loss(89)(87)(87)(87)(88)(93)(94)
Retained earnings2,3672,2852,2082,1282,0601,9871,912
Stockholders' equity attributable to noncontrolling interest1111111
Total stockholders' equity:2,0581,9761,8951,8121,7411,7791,735
TOTAL LIABILITIES AND EQUITY:4,8304,5334,3944,2784,0893,9963,869

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues2,4042,2882,3242,1592,2292,0471,954
Cost of revenue
(Cost of Goods and Services Sold)
(2,039)(1,952)(1,978)(1,850)(1,893)(1,738)(1,663)
Gross profit:365336346309336309291
Operating expenses(242)(220)(226)(206)(223)(198)(191)
Operating income:123116120102114112100
Nonoperating income    311
Investment income, nonoperating     11
Interest and debt expense(13)   (4)(4)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes11(2)(3)(2)(2)11
Income from continuing operations before income taxes:12011311710011211098
Income tax expense(33)(32)(33)(27)(32)(30)(27)
Income from continuing operations:87828472798071
Loss from discontinued operations    (1)(1)(0)
Net income:87828472787971
Net income (loss) attributable to noncontrolling interest    0(0) 
Net income available to common stockholders, diluted:87828472787971

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:87828472787971
Other comprehensive income (loss)(2)(0)(0)160(0)
Comprehensive income:85818474848071
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    0(0) 
Comprehensive income, net of tax, attributable to parent:85818474848071

Statements sources

The financial statements are based on the company's filings with the 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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