Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 123

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 123
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 unadjusted quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable inputs, is comprised of the following three levels:Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities.Level 2 – Observable inputs, other than Level 1 inputs, that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.Level 3 – Significant unobservable inputs that reflect the reporting entity’s own assumptions.Recurring Fair Value MeasurementsThe following tables summarize the assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2024 and 2023 (in thousands): Assets at Fair Value as of December 31, 2024Asset CategoryLevel 1Level 2Level 3TotalCash and cash equivalents (1)$1,339,550 $— $— $1,339,550 Deferred compensation plan assets (2)61,242 — — 61,242 Restricted cash (3)845 — — 845 Total$1,401,637 $— $— $1,401,637 _________________(1)Cash and cash equivalents consist of deposit accounts and money market funds with original maturity dates of three months or less, which are Level 1 assets. At December 31, 2024, we had $1,088.0 million in money market funds. From time to time, we have cash balances in certain of our domestic bank accounts that exceed federally insured limits. (2)Deferred compensation plan assets are classified as “Other assets” in the Consolidated Balance Sheets.(3)Restricted cash is classified as “Prepaid expenses and other” in the Consolidated Balance Sheets. Restricted cash represents cash held in account for use on customer contracts.

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Table of ContentsEMCOR Group, Inc. and SubsidiariesNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 10 - FAIR VALUE MEASUREMENTS (Continued) Assets at Fair Value as of December 31, 2023Asset CategoryLevel 1Level 2Level 3TotalCash and cash equivalents (1)$789,750 $— $— $789,750 Deferred compensation plan assets (2)47,315 —