Comfort Systems USA, Inc. (FIX) financial statements (2020 and earlier)

Company profile

Business Address 675 BERING DRIVE
HOUSTON, TX 77057
State of Incorp.
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)

9/30/2019
TTM
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 investments40463732563252
Cash and cash equivalents40463732563252
Receivables19164043393231,5131,257
Inventory, net of allowances, customer advances and progress billings1312109898
Inventory1312109898
Contract with customer, asset6 
Costs in excess of billings3029312828
Deferred tax assets    1918
Other undisclosed current assets672535866(1,188)(966)
Total current assets:750610489416424413397
Noncurrent Assets
Operating lease, right-of-use asset84
Property, plant and equipment1081008868615647
Intangible assets, net (including goodwill)499330277192185186152
Goodwill332235201149144140115
Intangible assets, net (excluding goodwill)167957642414637
Deferred income tax assets20
Other noncurrent assets555622116
Deferred tax assets, net182327 61
Other undisclosed noncurrent assets     (6)(1)
Total noncurrent assets:717453392293267253205
TOTAL ASSETS:1,4671,063881709692666602
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities277264201165161159145
Accounts payable177176132103107106101
Accrued liabilities     8 
Employee-related liabilities100876962544544
Deferred revenue167
Debt14311112
Due to related parties      2
Self insurance reserve41363234302929
Deferred revenue and credits   21
Deferred tax liabilities    00
Contract with customer, liability131
Other liabilities79333434292528
Other undisclosed current liabilities  10684856761
Total current liabilities:578467374318305283269
Noncurrent Liabilities
Long-term debt and lease obligation301746021140 
Long-term debt, excluding current maturities228746021140 
Capital lease obligations  001 
Operating lease, liability73
Liabilities, other than long-term debt31243013102218
Deferred tax liabilities, net12221110
Deferred income tax liabilities1
Other liabilities292227109118
Total noncurrent liabilities:332978915216218
Total liabilities:910565463332327344288
Stockholders' equity
Stockholders' equity attributable to parent558498418377347306296
Common stock0000000
Treasury stock, value(101)(88)(64)(57)(47)(44)(37)
Additional paid in capital320316313310324320318
Retained earnings338269168124692915
Stockholders' equity attributable to noncontrolling interest    181518
Total stockholders' equity:558498418377365321314
TOTAL LIABILITIES AND EQUITY:1,4671,063881709692666602

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,4842,1831,7881,6341,5811,4111,357
Revenue, net1,7881,6341,5811,4111,357
Cost of revenue(1,996)(1,737)(1,422)(1,290)(1,262)(1,161)(1,117)
Cost of goods and services sold  (1,422)(1,290)(1,262)(1,161)(1,117)
Gross profit:488446366344318250240
Operating expenses(333)(297)(268)(243)(229)(216)(201)
Other undisclosed operating income1111197
Operating income:15515099102904246
Nonoperating income (expense)(14)(2)2(1)(1)(2)1
Other nonoperating income0411000
Interest and debt expense(8)(4)(3)(2)(2)(2)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes8432221
Income from continuing operations before income taxes:141149101101894047
Income tax expense(36)(36)(46)(36)(31)(12)(18)
Income from continuing operations:1051135565572929
Loss from discontinued operations     (0) 
Income before gain (loss) on sale of properties:1051135565572929
Other undisclosed net income (loss)     0(0)
Net income:1051135565572929
Net loss attributable to noncontrolling interest    (8)(6)(1)
Net income available to common stockholders, diluted:1051135565492327

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1051135565572929
Comprehensive income:1051135565572929
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (8)(6)1
Comprehensive income, net of tax, attributable to parent:1051135565492330

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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