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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 420,075 $ 456,439
Accounts receivable, less allowance for credit losses of $21,828 and $22,382, respectively 2,669,356 2,567,371
Contract assets 302,750 273,176
Inventories 100,405 85,641
Prepaid expenses and other 69,834 79,346
Total current assets 3,562,420 3,461,973
Property, plant and equipment, net 160,417 157,819
Operating lease right-of-use assets 274,917 268,063
Goodwill 923,274 919,151
Identifiable intangible assets, net 584,598 593,975
Other assets 135,284 123,626
Total assets 5,640,910 5,524,607
Current liabilities:    
Current maturities of long-term debt and finance lease liabilities 15,524 15,567
Accounts payable 724,104 849,284
Contract liabilities 1,156,530 1,098,263
Accrued payroll and benefits 385,621 465,000
Other accrued expenses and liabilities 310,793 258,190
Operating lease liabilities, current 68,819 67,218
Total current liabilities 2,661,391 2,753,522
Borrowings under revolving credit facility 100,000 0
Long-term debt and finance lease liabilities 231,319 231,625
Operating lease liabilities, long-term 226,288 220,764
Other long-term obligations 355,587 344,405
Total liabilities 3,574,585 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, 61,020,023 and 60,947,947 shares issued, respectively 610 609
Capital surplus 75,850 74,795
Accumulated other comprehensive loss (90,675) (93,451)
Retained earnings 3,318,560 3,214,281
Treasury stock, at cost 13,384,440 and 13,281,222 shares, respectively (1,238,722) (1,222,645)
Total EMCOR Group, Inc. stockholders' equity 2,065,623 1,973,589
Noncontrolling interests 702 702
Total equity 2,066,325 1,974,291
Total liabilities and equity $ 5,640,910 $ 5,524,607