COMFORT SYSTEMS USA INC

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

FIX$1,113.23+9.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(In Thousands, Except Share Amounts)


· · December 31, ·
· 2023 · 2022 ·

ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$205,150	$57,214
Billed accounts receivable, less allowance for credit losses of $11,926 and $10,640, respectively	1,318,926	1,024,082
Unbilled accounts receivable, less allowance for credit losses of $850 and $1,011, respectively	72,774	77,030
Other receivables, less allowance for credit losses of $522 and $510, respectively	166,319	38,369
Inventories	65,538	35,309
Prepaid expenses and other	54,309	48,456
Costs and estimated earnings in excess of billings, less allowance for credit losses of $79 and $80, respectively	28,084	27,211
Total current assets	1,911,100	1,307,671
PROPERTY AND EQUIPMENT, NET	208,568	143,949
LEASE RIGHT-OF-USE ASSET	205,712	130,666
GOODWILL	666,834	611,789
IDENTIFIABLE INTANGIBLE ASSETS, NET	280,397	273,901
DEFERRED TAX ASSETS	17,723	115,665
OTHER NONCURRENT ASSETS	15,245	13,837
Total assets	$3,305,579	$2,597,478
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt	$4,867	$9,000
Accounts payable	419,962	337,385
Accrued compensation and benefits	169,136	127,765
Billings in excess of costs and estimated earnings and deferred revenue	909,538	548,293
Accrued self-insurance	27,774	27,644
Other current liabilities	189,928	120,715
Total current liabilities	1,721,205	1,170,802
LONG-TERM DEBT	39,345	247,245
LEASE LIABILITIES	188,136	111,744
DEFERRED TAX LIABILITIES	1,120	—
OTHER LONG-TERM LIABILITIES	77,944	67,764
Total liabilities	2,027,750	1,597,555
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred stock, $.01 par, 5,000,000 shares authorized, none issued and outstanding	—	—
Common stock, $.01 par, 102,969,912 shares authorized, 41,123,365 and 41,123,365 shares issued, respectively	411	411
Treasury stock, at cost, 5,438,625 and 5,362,224 shares, respectively	(209,807)	(187,212)
Additional paid-in capital	339,562	332,080
Retained earnings	1,147,663	854,644
Total stockholders’ equity	1,277,829	999,923
Total liabilities and stockholders’ equity	$3,305,579	$2,597,478

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.