Comfort Systems USA, Inc. (FIX) financial statements (2022 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)

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 investments59555146373256
Cash and cash equivalents59555146373256
Receivables57443816404339323
Inventory, net of allowances, customer advances and progress billings221310121098
Inventory221310121098
Contract with customer, asset30193 
Costs in excess of billings302931
Other undisclosed current assets859681689535866
Total current assets:1,027812790610489416424
Noncurrent Assets
Operating lease, right-of-use asset1259584
Property, plant and equipment129117110100886861
Intangible assets, net (including goodwill)897696492330277192185
Goodwill592464332235201149144
Intangible assets, net (excluding goodwill)30523216095764241
Deferred income tax assets232922
Other noncurrent assets98755622
Deferred tax assets, net182327 
Total noncurrent assets:1,182946715453392293267
TOTAL ASSETS:2,2091,7571,5051,063881709692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities385326299264201165161
Accounts payable255204196176132103107
Employee-related liabilities13012210387696254
Debt3 353111
Self insurance reserve22494036323430
Contract with customer, liability131
Other liabilities119918233343429
Other undisclosed current liabilities307226153 1068485
Total current liabilities:837693608467374318305
Noncurrent Liabilities
Long-term debt and lease obligation4933162787460211
Long-term debt, excluding current maturities3852362057460211
Capital lease obligations  00
Operating lease, liability1088173
Liabilities, other than long-term debt74523424301310
Deferred tax liabilities, net1222
Deferred income tax liabilities211
Other liabilities7250322227109
Total noncurrent liabilities:56736831297891521
Total liabilities:1,4031,061920565463332327
Stockholders' equity
Stockholders' equity attributable to parent806696585498418377347
Common stock0000000
Treasury stock, value(151)(129)(104)(88)(64)(57)(47)
Additional paid in capital327322320316313310324
Retained earnings62950336926916812469
Stockholders' equity attributable to noncontrolling interest      18
Total stockholders' equity:806696585498418377365
TOTAL LIABILITIES AND EQUITY:2,2091,7571,5051,063881709692

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
Revenues3,0742,8572,6152,1831,7881,6341,581
Revenue, net1,7881,6341,581
Cost of revenue(2,510)(2,310)(2,113)(1,737)(1,422)(1,290)(1,262)
Cost of goods and services sold    (1,422)(1,290)(1,262)
Gross profit:563547502446366344318
Operating expenses(376)(358)(340)(297)(268)(243)(229)
Other undisclosed operating income2121111
Operating income:1881911641509910290
Nonoperating income (expense)21(12)(2)2(1)(1)
Other nonoperating income0004110
Interest and debt expense(6)(8)(9)(4)(3)(2)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes 894322
Income from continuing operations before equity method investments, income taxes:18419215214910110189
Other undisclosed income from continuing operations before income taxes6      
Income from continuing operations before income taxes:19019215214910110189
Income tax expense(47)(41)(37)(36)(46)(36)(31)
Net income:143150114113556557
Net loss attributable to noncontrolling interest      (8)
Net income available to common stockholders, diluted:143150114113556549

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:143150114113556557
Comprehensive income:143150114113556557
Comprehensive loss, net of tax, attributable to noncontrolling interest      (8)
Comprehensive income, net of tax, attributable to parent:143150114113556549

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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