Emcor group, inc. (EME)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows - operating activities:
Net income

328,395

325,140

316,182

313,769

300,613

283,577

258,809

243,985

229,957

227,193

214,882

201,842

200,409

182,153

192,320

182,670

174,151

172,507

165,261

170,131

164,295

173,427

175,888

158,004

138,478

127,354

127,873

139,290

151,796

148,886

139,588

140,761

136,103

133,671

137,088

-78,959

-79,725

-82,684

0

0

0

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization

45,082

43,900

42,227

40,658

39,374

38,500

38,350

38,779

39,421

39,900

39,999

39,970

39,739

38,881

38,605

37,617

36,864

36,294

36,119

36,510

36,419

36,524

37,614

37,371

37,022

36,310

34,534

33,331

32,408

31,204

30,013

29,687

28,145

27,426

26,468

25,342

25,433

25,498

0

0

0

Amortization of identifiable intangible assets

51,237

48,100

45,418

44,217

43,342

42,400

43,762

45,695

47,087

48,600

46,550

45,154

43,619

40,908

40,182

38,955

37,904

37,895

37,860

37,912

37,923

37,966

38,208

37,346

34,196

31,028

28,743

27,519

28,553

29,762

29,870

30,194

28,521

26,350

23,749

19,798

17,983

16,417

0

0

0

Accounts Receivable, Credit Loss Expense (Reversal)

5,887

2,600

3,460

2,944

292

2,100

1,534

4,764

6,957

7,300

8,259

4,259

6,379

6,194

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

3,580

1,701

-1,349

-1,526

3,801

4,249

-42,682

-42,093

-44,504

-53,358

-13,269

-16,252

-16,309

-8,108

-7,532

-9,972

-8,741

-10,300

-2,284

2,506

1,967

5,748

16,957

16,941

12,883

11,857

5,011

4,711

8,897

6,626

5,634

5,685

2,289

8,826

-3,862

-20,513

-19,438

-15,390

0

0

0

Loss on sale of subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-608

-608

-608

-596

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,409

0

0

0

Excess tax benefits from share-based compensation

658

1,000

1,136

1,128

1,383

1,600

1,100

1,111

1,452

1,600

2,049

2,282

2,193

2,546

2,419

2,443

1,925

1,663

3,684

3,675

4,350

8,264

9,243

9,257

9,075

4,624

2,714

2,795

2,272

7,083

8,396

8,171

8,312

3,619

2,029

2,139

2,010

1,474

0

0

0

Equity loss (income) from unconsolidated entities

-

-

-

-

-

347

-21

396

389

864

1,982

2,167

1,857

1,569

1,968

2,009

2,641

2,883

1,725

1,638

2,370

1,440

1,517

1,644

529

1,048

1,182

756

757

930

914

1,098

1,343

1,301

1,264

1,087

728

843

0

0

0

Non-cash share-based compensation expense

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from unconsolidated entities

-

-

-

-

-

3,110

5,640

5,524

7,001

5,506

2,692

2,213

1,310

1,247

899

899

63

3,352

3,443

4,511

5,011

1,767

1,685

617

151

679

654

655

647

887

897

952

926

606

668

613

612

958

0

0

0

Other reconciling items

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Changes in operating assets and liabilities, excluding the effect of businesses acquired:
Net cash used in operating activities

334,322

355,700

382,040

261,463

272,663

271,011

193,618

230,736

310,867

366,049

371,771

317,250

295,628

262,372

300,009

320,517

247,326

266,666

233,244

200,951

253,152

246,657

191,016

241,920

220,855

150,069

209,424

142,759

122,435

184,408

133,784

132,577

151,412

149,425

157,947

150,016

107,477

69,527

0

0

0

Cash flows - investing activities:
Payments for acquisitions of businesses, net of cash acquired

272,438

300,980

126,354

110,864

100,515

72,080

50,209

49,706

28,519

107,223

82,788

83,388

314,086

232,947

258,721

259,302

28,449

28,195

0

0

0

-

-

-

-

-

-

-

-

20,613

20,091

20,074

279,922

301,306

330,265

330,301

71,504

39,902

0

0

0

Proceeds from sale of subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,108

1,108

1,108

1,121

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,570

0

0

0

Proceeds from sale or disposal of property, plant and equipment

4,660

5,487

1,934

1,958

2,018

1,237

2,804

2,990

3,857

4,014

2,298

2,743

1,938

2,023

2,776

2,187

2,760

3,847

7,022

7,178

7,879

7,239

4,897

4,699

3,312

2,930

2,411

3,212

3,450

3,070

2,864

1,869

1,405

1,409

875

800

1,035

1,032

0

0

0

Purchase of property, plant and equipment

47,354

48,432

50,634

50,020

50,004

43,479

37,245

32,930

30,697

34,684

36,455

38,366

41,207

39,648

41,904

38,617

37,540

35,460

33,323

37,249

36,898

38,035

39,065

37,256

36,565

35,497

32,525

33,683

37,054

37,875

39,442

38,039

32,890

29,581

24,884

22,044

20,387

19,359

0

0

0

Investments in and advances to unconsolidated entities

1,458

2,252

794

794

1,474

3,484

4,159

4,159

3,479

675

0

0

0

-

-

-

-

-

-

-

-

3,865

2,665

2,390

1,100

800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-315,752

-345,339

-175,808

-159,635

-149,891

-117,722

-88,252

-83,247

-58,363

-138,093

-117,044

-119,110

-353,454

-270,671

-297,849

-295,732

-63,229

-59,808

-30,658

-21,637

-20,712

-21,668

-29,568

-487,460

-483,287

-483,422

-461,626

-13,944

-20,301

-42,546

-74,251

-47,345

-302,447

-320,518

-327,675

-351,534

-82,983

-32,724

0

0

0

Cash flows - financing activities:
Proceeds from revolving credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153,000

0

0

0

Repayments of revolving credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt and debt issuance costs

268,947

15,198

15,201

15,202

15,235

15,235

15,235

15,235

15,202

15,202

111,404

416,835

417,412

417,990

322,365

17,512

17,512

17,514

17,516

17,456

17,457

17,454

16,081

11,765

7,388

3,013

8

7

42

40

4,169

4,173

4,141

4,147

20

24

28

200,828

0

0

0

Repayments of finance lease liabilities

4,795

4,571

3,808

2,956

2,182

1,501

1,416

1,425

1,470

1,445

1,319

1,284

1,271

1,384

1,691

2,223

2,212

2,737

2,633

2,205

2,209

1,715

1,708

1,746

1,793

1,692

1,580

1,454

1,613

1,978

2,094

2,115

1,693

1,095

812

524

471

430

0

0

0

Dividends paid to stockholders

17,970

17,950

18,062

18,226

18,416

18,640

18,741

18,821

18,882

18,971

19,122

19,251

19,368

19,454

19,615

19,775

19,935

20,095

20,262

20,604

20,979

21,293

20,137

18,796

17,433

12,080

32,137

31,440

30,750

34,073

13,324

9,996

6,659

3,336

0

0

0

-

-

-

-

Repurchase of common stock

99,048

0

125,440

155,736

181,759

216,244

93,026

87,899

72,750

93,166

150,360

125,922

115,048

94,221

117,987

117,256

117,256

104,330

146,747

204,810

223,142

201,994

0

0

0

-

-

-

-

23,912

51,435

48,712

40,715

27,523

0

0

0

-

-

-

-

Proceeds from Stock Options Exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,836

4,192

3,693

4,252

6,858

7,896

7,772

7,432

5,172

8,153

8,810

8,591

8,786

6,564

6,661

6,788

5,608

3,696

3,592

3,547

2,818

0

0

0

Taxes paid related to net share settlements of equity awards

5,208

6,451

3,874

3,838

4,316

3,848

3,831

4,570

4,092

3,462

3,435

2,751

2,765

4,225

4,166

4,187

6,004

3,866

3,866

3,790

1,959

1,481

1,481

1,481

1,481

927

927

1,848

1,848

1,654

1,654

734

734

1,256

0

0

0

-

-

-

-

Issuance of common stock under employee stock purchase plan

6,405

6,090

5,980

5,976

5,751

5,765

5,620

5,360

5,266

4,793

4,690

4,622

4,490

4,814

4,659

4,555

4,393

4,223

4,085

3,913

3,767

3,615

3,443

3,263

3,049

2,854

2,724

2,630

2,586

2,549

2,501

2,438

2,365

2,310

2,277

2,276

2,297

2,305

0

0

0

Payments for contingent consideration arrangements

6,547

5,917

3,628

2,549

3,362

3,339

0

0

0

-

-

-

-

-

-

-

-

403

403

403

121

0

0

0

0

537

537

537

4,071

5,748

5,748

5,748

3,332

1,118

0

0

0

-

-

-

-

Distributions to noncontrolling interests

210

250

250

250

40

0

0

0

0

-

-

-

-

2,710

2,550

2,550

3,350

10,250

11,750

13,100

11,350

4,750

2,750

1,650

1,150

1,300

1,300

1,650

2,650

1,600

0

0

0

-

-

-

-

2,500

0

0

0

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,663

3,684

3,675

4,350

8,264

9,243

9,257

9,075

4,624

2,714

2,795

2,272

7,083

8,396

8,171

8,312

3,619

2,029

2,139

2,010

1,474

0

0

0

Net cash provided by (used in) financing activities

78,680

-19,247

-189,283

-192,781

-219,559

-253,042

-229,929

-225,888

-208,147

-228,470

-282,394

-257,501

-27,743

-9,429

63,608

64,289

-158,982

-149,473

-191,216

-251,087

-264,848

-229,950

-169,042

145,450

164,241

167,031

222,104

-30,422

-38,245

-50,587

-63,613

-56,258

-42,159

-29,288

2,696

1,011

3,025

-48,036

0

0

0

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

-3,384

2,592

-3,483

-2,475

-3,856

-3,421

-1,674

382

4,485

3,242

1,455

-677

-4,965

-6,675

-6,610

-6,904

-1,645

-2,610

-3,416

-4,497

-5,366

-2,796

1,003

6,824

5,757

832

-245

-2,280

-3,442

2,706

2,094

-1,248

-135

867

2,287

7,112

3,904

-4,906

0

0

0

Decrease in cash, cash equivalents, and restricted cash

93,866

-6,294

13,466

-93,428

-100,643

-103,174

-126,237

-78,017

48,842

2,728

-26,212

-60,038

-90,534

-24,403

59,158

82,170

23,470

54,775

7,954

-76,270

-37,774

-7,757

-6,591

-93,266

-92,434

-165,490

-30,343

96,113

60,447

93,981

-1,986

27,726

-193,329

-199,514

-164,745

-193,395

31,423

-16,139

0

0

0

Supplemental cash flow information:
Interest

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Income taxes

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Non-cash financing activities:
Assets acquired under capital lease obligations

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Contingent purchase price accrued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0