EMCOR Group, Inc. (EME) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments821903359364467465487
Cash and cash equivalents821903359364467465487
Restricted cash and investments1112   
Receivables2,2051,9222,0311,7741,6081,4951,360
Contract with customer, asset230172178158
Other undisclosed current assets1341239188209251221
Total current assets:3,3913,1212,6602,3862,2852,2112,067
Noncurrent Assets
Operating lease, right-of-use asset261242245
Property, plant and equipment152158156134127128122
Long-term investments and receivables, including:   3298
Other undisclosed long-term investments and receivables   3298
Intangible assets, net (including goodwill)1,4801,4351,6751,4791,4601,4671,316
Goodwill8908521,064991965980843
Intangible assets, net (excluding goodwill)589583611488495487473
Other noncurrent assets1581089386928033
Total noncurrent assets:2,0501,9432,1701,7031,6811,6831,479
TOTAL ASSETS:5,4415,0644,8304,0893,9663,8943,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2251,1231,048995891812756
Accounts payable734672665652568501488
Employee-related liabilities491451383343323311268
Deferred revenue788722624
Debt1645716   
Contract with customer, liability552
Other liabilities274248196171221196209
Other undisclosed current liabilities586714 540504448
Total current liabilities:2,3622,1631,9391,7341,6511,5121,414
Noncurrent Liabilities
Long-term debt and lease obligation, including:245260294280295408300
Long-term debt, excluding current maturities  502525125 
Finance lease, liability566
Operating lease, liability221205205
Other undisclosed long-term debt and lease obligation204834255270283300
Liabilities, other than long-term debt, including:363385335333346436353
Deferred revenue322
Contract with customer, liability2
Other liabilities360382  346436353
Other undisclosed liabilities, other than long-term debt  333331   
Other undisclosed noncurrent liabilities218203205    
Total noncurrent liabilities:827847834613641844653
Total liabilities:3,1883,0112,7732,3472,2922,3562,066
Stockholders' equity
Stockholders' equity attributable to parent2,2522,0532,0571,7411,6731,5371,477
Common stock1111111
Treasury stock, value(562)(366)(254)(254)(38)(10)(10)
Additional paid in capital62473221852130
Accumulated other comprehensive loss(84)(109)(89)(88)(94)(102)(77)
Retained earnings2,8362,4802,3672,0601,7971,5961,433
Stockholders' equity attributable to noncontrolling interest1111113
Total stockholders' equity:2,2532,0532,0581,7411,6741,5381,480
TOTAL LIABILITIES AND EQUITY:5,4415,0644,8304,0893,9663,8943,546

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,9048,7979,1758,1317,6877,5526,719
Revenue, net7,6877,5526,719
Cost of revenue
(Cost of Goods and Services Sold)
(8,402)(7,402)(7,819)(6,925)(6,540)(6,514)(5,774)
Gross profit:1,5021,3951,3561,2051,1471,038944
Operating expenses(971)(1,139)(895)(802)(816)(729)(657)
Operating income:531257461403331308287
Nonoperating income1225111
Investment income, nonoperating1223111
Net periodic defined benefits expense (reversal of expense), excluding service cost component   3
Interest and debt expense(6)(9)(14)(14)(13)(13)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes432    
Income from continuing operations before equity method investments, income taxes:529252451395319296279
Loss from equity method investments(1)      
Other undisclosed income from continuing operations before income taxes1      
Income from continuing operations before income taxes:529252451395319296279
Income tax expense(146)(119)(126)(109)(91)(111)(106)
Income from continuing operations:384133325286228185173
Loss from discontinued operations   (2)(1)(3)(0)
Net income:384133325284227182173
Net income (loss) attributable to noncontrolling interest(0)  (0)0(0)(0)
Net income available to common stockholders, diluted:384133325284227182172

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:384133325284227182173
Other comprehensive income (loss)26(20)(2)78(25)6
Comprehensive income:409113324290235157179
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)  (0)0(0)(0)
Comprehensive income, net of tax, attributable to parent:409113324290235157179

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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