XML 52 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 347,092 $ 358,818
Accounts receivable, less allowance for credit losses of $19,993 and $14,466, respectively 2,055,483 2,030,813
Contract assets 195,265 177,830
Inventories 35,387 40,446
Prepaid expenses and other 52,161 51,976
Total current assets 2,685,388 2,659,883
Property, plant and equipment, net 157,848 156,187
Operating lease right-of-use assets 237,796 245,471
Goodwill 1,064,853 1,063,911
Identifiable intangible assets, net 597,897 611,444
Other assets 91,765 93,462
Total assets 4,835,547 4,830,358
Current liabilities:    
Current maturities of long-term debt and finance lease liabilities 10,360 18,092
Accounts payable 592,576 665,402
Contract liabilities 590,873 623,642
Accrued payroll and benefits 301,878 382,573
Other accrued expenses and liabilities 237,973 195,757
Operating lease liabilities, current 52,722 53,144
Total current liabilities 1,786,382 1,938,610
Borrowings under revolving credit facility 200,000 50,000
Long-term debt and finance lease liabilities 294,181 244,139
Operating lease liabilities, long-term 198,492 204,950
Other long-term obligations 328,898 334,879
Total liabilities 2,807,953 2,772,578
EMCOR Group, Inc. stockholders' equity:    
Preferred stock, $0.10 par value, 1,000,000 shares authorized, zero issued and outstanding 0 0
Common stock, $0.01 par value, 200,000,000 shares authorized, 60,460,947 and 60,359,252 shares issued, respectively 605 604
Capital surplus 34,745 32,274
Accumulated other comprehensive loss (91,722) (89,288)
Retained earnings 2,436,305 2,367,481
Treasury stock, at cost 5,623,176 and 4,139,421 shares, respectively (352,985) (253,937)
Total EMCOR Group, Inc. stockholders' equity 2,026,948 2,057,134
Noncontrolling interests 646 646
Total equity 2,027,594 2,057,780
Total liabilities and equity $ 4,835,547 $ 4,830,358