Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 89

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 89
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For The Years Ended December 31,

(In thousands)

202420232022Net income including noncontrolling interests$1,007,145 $633,329 $406,122 Other comprehensive income (loss), net of tax:Foreign currency translation adjustments (2,900)6,417 (10,786)Changes in post-retirement plans (1)3,077 1,330 897 Other comprehensive income (loss) 177 7,747 (9,889)Comprehensive income1,007,322 641,076 396,233 Comprehensive income attributable to noncontrolling interests— 335 — Comprehensive income attributable to EMCOR Group, Inc.$1,007,322 $640,741 $396,233 

_________________

(1)    Net of tax provision of $1.0 million, $0.5 million, and $0.3 million for the years ended December 31, 2024, 2023, and 2022, respectively.

The accompanying notes to consolidated financial statements are an integral part of these statements.

39

EMCOR Group, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF CASH FLOWS

For The Years Ended December 31,

(In thousands)

202420232022Cash flows - operating activities:Net income including noncontrolling interests$1,007,145 $633,329 $406,122 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization56,678 51,822 47,296 Amortization of identifiable intangible assets77,002 67,143 61,315 Provision for credit losses17,303 7,859 5,166 Deferred income taxes(29,115)(16,651)10,483 Gain on sale or disposal of property, plant, and equipment(1,012)(2,057)(6,393)Excess tax benefits from share-based compensation(3,978)(1,719)(1,654)Equity income from unconsolidated entities(98)(1,660)(391)Non-cash expense for amortization of debt issuance costs822 960 960 Non-cash expense from contingent consideration arrangements8,892 2,287 1,610 Non-cash expense for impairment of long-lived