Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 87

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 87
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Table of Contents

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

EMCOR Group, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data) 

December 31,2024December 31,2023ASSETSCurrent assets:Cash and cash equivalents$1,339,550 $789,750 Accounts receivable, less allowance for credit losses of $34,957 and $22,502, respectively3,577,537 3,203,490 Contract assets284,791 269,885 Inventories95,667 110,774 Prepaid expenses and other91,644 73,072 Total current assets5,389,189 4,446,971 Property, plant, and equipment, net207,489 179,378 Operating lease right-of-use assets316,128 310,498 Goodwill1,018,415 956,549 Identifiable intangible assets, net648,180 586,032 Other assets137,072 130,293 Total assets$7,716,473 $6,609,721 LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$937,087 $935,967 Contract liabilities2,047,540 1,595,109 Accrued payroll and benefits751,434 596,936 Other accrued expenses and liabilities336,555 315,107 Operating lease liabilities, current81,247 75,236 Total current liabilities4,153,863 3,518,355 Operating lease liabilities, long-term261,575 259,430 Other long-term obligations362,341 361,121 Total liabilities4,777,779 4,138,906 Equity:EMCOR Group, Inc. stockholders’ equity:Preferred stock, $0.10 par value, 1,000,000 shares authorized, zero issued and outstanding— — Common stock, $0.01 par value, 200,000,000 shares authorized, 61,186,088 and 61,094,042 shares issued, respectively612 611 Capital surplus97,475 91,813 Accumulated other comprehensive loss(85,527)(85,704)Retained earnings4,778,061 3,814,439 Treasury stock, at cost 15,375