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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments903359364467465487432
Cash and cash equivalents903359364467465487432
Restricted cash and investments112    
Receivables1,9222,0311,7741,6081,4951,3601,234
Contract with customer, asset172178158
Other undisclosed current assets1239188209251221220
Total current assets:3,1212,6602,3862,2852,2112,0671,887
Noncurrent Assets
Operating lease, right-of-use asset242245
Property, plant and equipment158156134127128122122
Long-term investments and receivables, including:  32989
Other undisclosed long-term investments and receivables  32989
Intangible assets, net (including goodwill)1,4351,6751,4791,4601,4671,3161,336
Goodwill8521,064991965980843834
Intangible assets, net (excluding goodwill)583611488495487473502
Other noncurrent assets108938692803335
Total noncurrent assets:1,9432,1701,7031,6811,6831,4791,502
TOTAL ASSETS:5,0644,8304,0893,9663,8943,5463,389
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1231,048995891812756735
Accounts payable672665652568501488460
Accrued liabilities      29
Employee-related liabilities451383343323311268246
Deferred revenue722624
Debt45716    
Contract with customer, liability552
Other liabilities248196171221196209189
Other undisclosed current liabilities6714 540504448359
Total current liabilities:2,1631,9391,7341,6511,5121,4141,283
Noncurrent Liabilities
Long-term debt and lease obligation, including:260294280295408300316
Long-term debt, excluding current maturities 502525125  
Finance lease, liability66
Operating lease, liability205205
Other undisclosed long-term debt and lease obligation4834255270283300316
Liabilities, other than long-term debt, including:385335333346436353466
Accounts payable and accrued liabilities      106
Deferred revenue22
Contract with customer, liability2
Other liabilities382  346436353360
Other undisclosed liabilities, other than long-term debt 333331    
Other undisclosed noncurrent liabilities203205    (106)
Total noncurrent liabilities:847834613641844653676
Total liabilities:3,0112,7732,3472,2922,3562,0661,960
Stockholders' equity
Stockholders' equity attributable to parent2,0532,0571,7411,6731,5371,4771,416
Common stock1111111
Treasury stock, value(366)(254)(254)(38)(10)(10)(10)
Additional paid in capital473221852130228
Accumulated other comprehensive loss(109)(89)(88)(94)(102)(77)(83)
Retained earnings2,4802,3672,0601,7971,5961,4331,281
Stockholders' equity attributable to noncontrolling interest11111313
Total stockholders' equity:2,0532,0581,7411,6741,5381,4801,429
TOTAL LIABILITIES AND EQUITY:5,0644,8304,0893,9663,8943,5463,389

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,7979,1758,1317,6877,5526,7196,425
Revenue, net7,6877,5526,7196,425
Cost of revenue
(Cost of Goods and Services Sold)
(7,402)(7,819)(6,925)(6,540)(6,514)(5,774)(5,518)
Gross profit:1,3951,3561,2051,1471,038944907
Operating expenses(1,139)(895)(802)(816)(729)(657)(666)
Other undisclosed operating income      48
Operating income:257461403331308287290
Nonoperating income2251111
Investment income, nonoperating2231111
Net periodic defined benefits expense (reversal of expense), excluding service cost component  3
Interest and debt expense(9)(14)(14)(13)(13)(9)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes32     
Income from continuing operations before equity method investments, income taxes:252451395319296279282
Income from equity method investments      1
Income from continuing operations before income taxes:252451395319296279283
Income tax expense(119)(126)(109)(91)(111)(106)(104)
Other undisclosed loss from continuing operations      (1)
Income from continuing operations:133325286228185173178
Loss from discontinued operations  (2)(1)(3)(0)(5)
Net income:133325284227182173173
Net income (loss) attributable to noncontrolling interest  (0)0(0)(0)(5)
Net income available to common stockholders, diluted:133325284227182172169

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:133325284227182173173
Other comprehensive income (loss)(20)(2)78(25)6(17)
Comprehensive income:113324290235157179156
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (0)0(0)(0)(5)
Comprehensive income, net of tax, attributable to parent:113324290235157179151

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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