COMFORT SYSTEMS USA INC

For the period ended Jun 30, 2025. Filed Jul 24, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 24, 2025

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

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Contents

Consolidated Balance Sheets

(In Thousands, Except Share Amounts)


· · June 30, · · December 31, ·
· 2025 · 2024
· · (Unaudited) · · · ·
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$331,710	$549,939
Billed accounts receivable, less allowance for credit losses of $17,028 and $15,286, respectively	2,162,345	1,861,212
Unbilled accounts receivable, less allowance for credit losses of $2,250 and $1,475, respectively	149,721	95,786
Other receivables, less allowance for credit losses of $424 and $553, respectively	87,376	86,186
Inventories	70,732	59,224
Prepaid expenses and other	37,991	46,213
Costs and estimated earnings in excess of billings, less allowance for credit losses of $585 and $271, respectively	203,404	91,681
Total current assets	3,043,279	2,790,241
PROPERTY AND EQUIPMENT, NET	311,249	277,180
LEASE RIGHT-OF-USE ASSET	226,430	229,106
GOODWILL	927,780	875,270
IDENTIFIABLE INTANGIBLE ASSETS, NET	451,446	434,417
DEFERRED TAX ASSETS	84,344	85,441
OTHER NONCURRENT ASSETS	19,201	19,433
Total assets	$5,063,729	$4,711,088
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt	$11,689	$6,042
Accounts payable	573,267	654,943
Accrued compensation and benefits	264,495	228,622
Billings in excess of costs and estimated earnings and deferred revenue	1,546,306	1,149,257
Accrued self-insurance	35,121	42,315
Other current liabilities	268,721	501,591
Total current liabilities	2,699,599	2,582,770
LONG-TERM DEBT	61,331	62,293
LEASE LIABILITIES	210,630	212,107
DEFERRED TAX LIABILITIES	2,225	2,225
OTHER LONG-TERM LIABILITIES	118,735	147,017
Total liabilities	3,092,520	3,006,412
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, 5,841,913 and 5,562,453 shares, respectively	(388,298)	(273,799)
Additional paid-in capital	361,662	350,734
Retained earnings	1,997,434	1,627,330
Total stockholders’ equity	1,971,209	1,704,676
Total liabilities and stockholders’ equity	$5,063,729	$4,711,088

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.