EMCOR Group, Inc. (EME) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments359364467465487432440
Cash and cash equivalents359364467465487432440
Restricted cash and investments12     
Receivables2,0311,7741,6081,4951,3601,2341,268
Contract with customer, asset178158
Other undisclosed current assets9188209251221220222
Total current assets:2,6602,3862,2852,2112,0671,8871,930
Noncurrent Assets
Operating lease, right-of-use asset245
Property, plant and equipment156134127128122122123
Long-term investments and receivables, including: 329897
Other undisclosed long-term investments and receivables 329897
Intangible assets, net (including goodwill)1,6751,4791,4601,4671,3161,3361,376
Goodwill1,064991965980843834835
Intangible assets, net (excluding goodwill)611488495487473502541
Other noncurrent assets93869280333529
Total noncurrent assets:2,1701,7031,6811,6831,4791,5021,536
TOTAL ASSETS:4,8304,0893,9663,8943,5463,3893,466
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,048995891812756735726
Accounts payable665652568501488460488
Accrued liabilities     29 
Employee-related liabilities383343323311268246238
Deferred revenue624
Debt5716     
Contract with customer, liability552
Other liabilities196171221196209189173
Other undisclosed current liabilities14 540504448359401
Total current liabilities:1,9391,7341,6511,5121,4141,2831,299
Noncurrent Liabilities
Long-term debt and lease obligation, including:294280295408300316335
Long-term debt, excluding current maturities502525125   
Finance lease, liability6
Operating lease, liability205
Other undisclosed long-term debt and lease obligation34255270283300316335
Liabilities, other than long-term debt, including:335333346436353466352
Accounts payable and accrued liabilities     106 
Deferred revenue2
Contract with customer, liability2
Other liabilities  346436353360352
Other undisclosed liabilities, other than long-term debt333331     
Other undisclosed noncurrent liabilities205    (106) 
Total noncurrent liabilities:834613641844653676688
Total liabilities:2,7732,3472,2922,3562,0661,9601,986
Stockholders' equity
Stockholders' equity attributable to parent2,0571,7411,6731,5371,4771,4161,466
Common stock1111111
Treasury stock, value(254)(254)(38)(10)(10)(10)(11)
Additional paid in capital3221852130228408
Accumulated other comprehensive loss(89)(88)(94)(102)(77)(83)(66)
Retained earnings2,3672,0601,7971,5961,4331,2811,134
Stockholders' equity attributable to noncontrolling interest111131313
Total stockholders' equity:2,0581,7411,6741,5381,4801,4291,480
TOTAL LIABILITIES AND EQUITY:4,8304,0893,9663,8943,5463,3893,466

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9,1758,1317,6877,5526,7196,4256,417
Revenue, net7,6877,5526,7196,4256,417
Cost of revenue
(Cost of Goods and Services Sold)
(7,819)(6,925)(6,540)(6,514)(5,774)(5,518)(5,604)
Gross profit:1,3561,2051,1471,038944907813
Operating expenses(895)(802)(816)(729)(657)(666)(638)
Other undisclosed operating income     4835
Operating income:461403331308287290210
Nonoperating income2511111
Investment income, nonoperating2311111
Net periodic defined benefits expense (reversal of expense), excluding service cost component 3
Interest and debt expense(14)(14)(13)(13)(9)(9)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes2      
Income from continuing operations before equity method investments, income taxes:451395319296279282203
Income from equity method investments     11
Income from continuing operations before income taxes:451395319296279283204
Income tax expense(126)(109)(91)(111)(106)(104)(75)
Other undisclosed loss from continuing operations     (1)(1)
Income from continuing operations:325286228185173178127
Loss from discontinued operations (2)(1)(3)(0)(5) 
Net income:325284227182173173127
Net income (loss) attributable to noncontrolling interest (0)0(0)(0)(5)(4)
Net income available to common stockholders, diluted:325284227182172169124

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:325284227182173173127
Other comprehensive income (loss)(2)78(25)6(17)15
Comprehensive income:324290235157179156143
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)0(0)(0)(5)4
Other undisclosed comprehensive loss, net of tax, attributable to parent      (7)
Comprehensive income, net of tax, attributable to parent:324290235157179151139

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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