← EMCOR Group, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $181.9m |
$227.2m
+24.88%
|
$283.5m
+24.80%
|
$325.1m
+14.68%
|
$132.9m
-59.11%
|
$383.5m
+188.49%
|
$406.1m
+5.89%
|
$633.0m
+55.86%
|
$1.0b
+59.11%
|
$1.3b
+26.38%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $182.2m | $227.2m | $283.6m | $325.1m | $132.9m | $383.7m | $406.1m | $633.3m | $1.0b | $1.3b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $218k | ($3k) | $46k | $0 | $0 | $169k | $0 | $335k | $0 | $0 | — | |
| Depreciation, Depletion and Amortization | $38.9m | $39.9m | $38.5m | $43.9m | $46.7m | $48.3m | $47.3m | $51.8m | $56.7m | $67.4m | $204.7m | |
| Amortization of Debt Issuance Costs | $1.4m | $1.2m | $1.2m | $1.2m | $998k | $960k | $960k | $960k | $822k | $822k | — | |
| Amortization of Intangible Assets | $40.9m | $48.6m | $42.4m | $48.1m | $60.0m | $64.1m | $61.3m | $67.1m | $77.0m | $119.1m | — | |
| Amortization Cash Flow | — | — | — | — | — | — | $61.3m | $67.1m | $77.0m | $119.1m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $61.3m | $67.1m | $77.0m | $119.1m | $131.7m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $108.6m | $119.0m | $133.7m | $186.4m | $204.7m | |
| Deferred Income Tax Expense (Benefit) | ($8.1m) | ($53.4m) | $4.2m | $1.7m | ($36.4m) | $9.5m | $10.5m | ($16.7m) | ($29.1m) | ($16.1m) | ($27.9m) | |
| Deferred Tax | — | — | — | — | — | — | $10.5m | ($16.7m) | ($29.1m) | ($16.1m) | ($27.9m) | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $4.2m | $3.5m | $3.8m | $6.5m | $2.6m | $4.2m | $7.5m | $6.1m | $15.4m | $16.8m | — | |
| Goodwill and Intangible Asset Impairment | — | $57.8m | $907k | $0 | $232.8m | $0 | $0 | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $57.5m | $0 | $0 | $225.5m | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $900k | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $2.4m | $57.8m | $907k | $0 | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $2.4m | $0 | $0 | $0 | |
| Income (Loss) from Equity Method Investments | $1.6m | $864k | $347k | ($3.0m) | $14k | ($1.2m) | $391k | $1.7m | $98k | $62k | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($391k) | ($1.7m) | ($98k) | ($62k) | ($62k) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($39.1m) | $141.9m | $252.7m | ($17.8m) | ($196.7m) | |
| Increase (Decrease) in Accounts Receivable | $98.8m | $80.5m | $146.1m | $136.0m | ($139.4m) | $246.9m | $340.1m | $626.5m | $311.5m | $437.8m | ($480.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($384.8m) | ($620.8m) | ($324.8m) | ($480.5m) | ($480.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($340.1m) | ($626.5m) | ($311.5m) | ($437.8m) | ($480.5m) | |
| Increase (Decrease) in Inventories | ($954k) | $4.9m | $3.9m | ($4.3m) | $12.7m | $116k | $31.5m | $23.4m | ($18.0m) | $27.0m | ($27.0m) | |
| Change In Inventory | — | — | — | — | — | — | ($31.5m) | ($23.4m) | $18.0m | ($27.0m) | ($27.0m) | |
| Increase (Decrease) in Accounts Payable | $13.1m | $54.9m | $78.6m | ($34.0m) | ($9.0m) | $54.8m | $111.5m | $82.2m | ($15.4m) | $189.3m | $189.3m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $81.5m | $271.5m | $133.1m | $330.5m | $189.3m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($30.0m) | $189.3m | $148.5m | $141.2m | $141.2m | |
| Net Cash Provided by (Used in) Operating Activities | $264.6m |
$366.1m
+38.39%
|
$271.0m
-25.98%
|
$355.7m
+31.25%
|
$806.4m
+126.70%
|
$318.8m
-60.46%
|
$497.9m
+56.18%
|
$899.7m
+80.68%
|
$1.4b
+56.49%
|
$1.3b
-7.52%
|
$1.3b
-0.94%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $330k | $1.8m | $517k | $4.0m | $122k | $782k | $6.4m | $2.1m | $1.0m | $2.2m | ($147.2m) | |
| Capital Expenditure | — | — | — | — | — | — | ($49.3m) | ($78.4m) | ($75.0m) | ($112.8m) | ($118.4m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $232.9m | $107.2m | $72.1m | $301.0m | $50.4m | $118.2m | $98.7m | $96.5m | $228.2m | $1.0b | ($229.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($270.7m) | ($138.1m) | ($117.7m) | ($345.3m) | ($94.9m) | ($153.1m) | ($140.8m) | ($161.3m) | ($299.3m) | ($873.6m) | ($87.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $418.0m | $15.2m | $15.2m | $15.2m | $287.0m | $13.9m | $13.9m | $246.2m | $0 | $0 | ($252.6m) | |
| Proceeds from Issuance of Long-term Debt | $400.0m | $0 | $0 | $15.2m | $300.0m | $0 | $0 | $246.2m | $0 | $0 | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $270.0m | $200.0m | $0 | $525.0m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $270.0m | $200.0m | $0 | $525.0m | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($287.4m) | ($448.9m) | ($2.9m) | ($527.7m) | ($252.6m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($17.4m) | ($248.9m) | ($2.9m) | ($2.7m) | ($252.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($17.4m) | ($248.9m) | ($2.9m) | ($2.7m) | ($252.6m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($287.4m) | ($448.9m) | ($2.9m) | ($527.7m) | ($252.6m) | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $270.0m | — | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($270.0m) | — | — | — | — | |
| Payments for Repurchase of Common Stock | $94.2m | $93.2m | $216.2m | $0 | $112.6m | $195.5m | $660.6m | $127.7m | $489.8m | $586.3m | — | |
| Payments of Ordinary Dividends, Common Stock | $19.5m | $19.0m | $18.6m | $17.9m | $17.7m | $28.2m | $27.2m | $32.7m | $43.4m | $45.0m | ($58.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($27.2m) | ($32.7m) | ($43.4m) | ($45.0m) | ($58.0m) | |
| Common Stock Payments | — | — | — | — | — | — | ($660.6m) | ($127.7m) | ($489.8m) | ($586.3m) | ($422.6m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($660.6m) | ($127.7m) | ($489.8m) | ($586.3m) | ($422.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($660.6m) | ($127.7m) | ($489.8m) | ($586.3m) | ($422.6m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($27.2m) | ($32.7m) | ($43.4m) | ($45.0m) | ($58.0m) | |
| Dividend Received CFO | — | — | — | — | — | — | $400k | $400k | $1.6m | $251k | $251k | |
| Dividends Received CFI | — | — | — | — | — | $196k | $0 | $0 | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($13.1m) | ($11.9m) | ($20.2m) | ($29.8m) | ($24.2m) | |
| Net Cash Provided by (Used in) Financing Activities | ($9.4m) |
($228.5m)
-2323.06%
|
($253.0m)
-10.76%
|
($19.2m)
+92.39%
|
($171.9m)
-793.16%
|
($245.5m)
-42.78%
|
($710.1m)
-189.31%
|
($412.1m)
+41.97%
|
($555.4m)
-34.78%
|
($663.8m)
-19.52%
|
($757.3m)
-14.10%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($6.7m) | $3.2m | ($103.2m) | ($6.3m) | $543.6m | ($81.0m) | ($365.5m) | $332.7m | $550.6m | ($228.4m) | $932.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $822.6m | $457.1m | $789.8m | $1.3b | $487.2m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($12.5m) | $6.4m | ($2.6m) | $6.9m | ($7.7m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $12.4m | $12.7m | $8.3m | $5.3m | $11.7m | $16.2m | $2.9m | $11.1m | — | |
| Income Taxes Paid, Net | ($4.2m) | ($3.5m) | ($3.8m) | ($6.5m) | ($2.6m) | ($4.2m) | ($7.5m) | ($6.1m) | ($15.4m) | $483.4m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Business | $0 | — | — | — | — | — | — | — | — | $144.9m | — | |
| Goodwill | $979.6m | $964.9m | $990.9m | $1.1b | $851.8m | $890.3m | $919.2m | $956.5m | $1.0b | $1.4b | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $185.1m | $228.1m | $285.9m | $325.1m | $132.9m | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $185.3m | $228.1m | $285.9m | $325.1m | $132.9m | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($3.1m) | ($857k) | ($2.3m) | $0 | $0 | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $111.2m | $90.7m | $109.1m | $125.7m | $119.4m | $145.6m | $152.6m | $239.5m | $370.2m | $448.8m | — | |
| Investment Income, Interest | $663k | $965k | $2.7m | $2.3m | $1.5m | $949k | $2.8m | $15.4m | $35.4m | $20.0m | — | |
| Proceeds from Stock Options Exercised | $741k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $8.1b | $9.2b | $8.8b | $9.9b | $11.1b | $12.6b | $14.6b | $17.0b | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($710.1m) | ($412.1m) | ($555.4m) | ($663.8m) | ($757.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($140.8m) | ($161.3m) | ($299.3m) | ($873.6m) | ($87.5m) | |
| Change In Account Payable | — | — | — | — | — | — | $111.5m | $82.2m | ($15.4m) | $189.3m | $189.3m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($365.5m) | $332.7m | $550.6m | ($228.4m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $295.8m | $514.6m | $426.4m | $159.2m | $159.2m | |
| Change In Payable | — | — | — | — | — | — | $111.5m | $82.2m | ($15.4m) | $189.3m | $189.3m | |
| Changes In Cash | — | — | — | — | — | — | ($353.0m) | $326.3m | $553.2m | ($235.3m) | $445.0m | |
| End Cash Position | — | — | — | — | — | — | $457.1m | $789.8m | $1.3b | $1.1b | $932.1m | |
| Excess Tax Benefit From Stock Based Compensation | — | — | — | — | — | — | ($1.7m) | ($1.7m) | ($4.0m) | ($5.0m) | ($8.9m) | |
| Financing Cash Flow | — | — | — | — | — | — | ($710.1m) |
($412.1m)
+41.97%
|
($555.4m)
-34.78%
|
($663.8m)
-19.52%
|
($757.3m)
-14.10%
|
|
| Free Cash Flow | — | — | — | — | — | — | $448.6m | $821.3m | $1.3b | $1.2b | $1.2b | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | — | $0 | $0 | ($144.9m) | ($144.9m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($6.4m) | ($2.1m) | ($1.0m) | ($2.2m) | ($2.2m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($140.8m) | ($161.3m) | ($299.3m) | ($873.6m) | ($87.5m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($98.7m) | ($96.5m) | ($228.2m) | ($765.5m) | $26.8m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($42.1m) | ($64.8m) | ($71.1m) | ($108.1m) | ($114.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($6.8m) | ($3.7m) | ($1.1m) | ($147.2m) | ($147.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | $2.6m | $3.2m | $9.7m | $288k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $8.2m | $9.2m | $943k | $0 | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $5.2m | $7.9m | $17.3m | $7.7m | $3.2m | |
| Purchase Of Business | — | — | — | — | — | — | ($98.7m) | ($96.5m) | ($228.2m) | ($1.0b) | ($229.8m) | |
| Purchase Of PPE | $39.6m | $34.7m | $43.5m | $48.4m | $48.0m | $36.2m | ($49.3m) | ($78.4m) | ($75.0m) | ($112.8m) | ($118.4m) | |
| Sale Of Business | — | — | — | — | — | — | — | $0 | $0 | $256.6m | $256.6m | |
| Sale Of PPE | — | — | — | — | — | — | $7.1m | $13.6m | $3.8m | $4.6m | $4.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $12.1m | $13.7m | $20.0m | $20.6m | $22.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.