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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 789,750 $ 456,439
Accounts receivable, less allowance for credit losses of $22,502 and $22,382, respectively 3,203,490 2,567,371
Contract assets 269,885 273,176
Inventories 110,774 85,641
Prepaid expenses and other 73,072 79,346
Total current assets 4,446,971 3,461,973
Property, plant, and equipment, net 179,378 157,819
Operating lease right-of-use assets 310,498 268,063
Goodwill 956,549 919,151
Identifiable intangible assets, net 586,032 593,975
Other assets 130,293 123,626
Total assets 6,609,721 5,524,607
Current liabilities:    
Current maturities of long-term debt and finance lease liabilities 2,465 15,567
Accounts payable 935,967 849,284
Contract liabilities 1,595,109 1,098,263
Accrued payroll and benefits 596,936 465,000
Other accrued expenses and liabilities 312,642 258,190
Operating lease liabilities, current 75,236 67,218
Total current liabilities 3,518,355 2,753,522
Long-term debt and finance lease liabilities 2,838 231,625
Operating lease liabilities, long-term 259,430 220,764
Other long-term obligations 358,283 344,405
Total liabilities 4,138,906 3,550,316
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, 61,094,042 and 60,947,947 shares issued, respectively 611 609
Capital surplus 91,813 74,795
Accumulated other comprehensive loss (85,704) (93,451)
Retained earnings 3,814,439 3,214,281
Treasury stock, at cost 14,046,777 and 13,281,222 shares, respectively (1,351,381) (1,222,645)
Total EMCOR Group, Inc. stockholders’ equity 2,469,778 1,973,589
Noncontrolling interests 1,037 702
Total equity 2,470,815 1,974,291
Total liabilities and equity $ 6,609,721 $ 5,524,607