COMFORT SYSTEMS USA INCFIX

Market cap

$34B

P/E ratio

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net income	-36	12	29	29	57	65	55	113	114	150	143	246	323	522
Amortization of Intangible Assets	7	9	7	8	7	8	17	20	27	33	41	48	43	97
Depreciation	13	12	11	14	16	18	20	23	24	28	28	34	38	48
Change in right-of-use assets	-	-	-	-	-	-	-	-	17	17	18	22	26	31
Bad debt expense	1	2	0	1	2	-0	0	4	3	5	-1	3	5	7
Deferred tax provision (benefit)	-10	4	5	-5	-0	-1	4	4	-4	-8	7	-95	95	-67
Amortization of Debt Issuance Costs	0	0	0	0	0	0	0	0	0	1	1	1	1	1
Gain on sale of assets	0	1	1	1	1	1	1	1	2	1	2	2	2	3
Changes in the fair value of contingent earn-out obligations	-	-	-2	0	-0	-1	-4	2	3	-9	-8	5	24	88
Stock-based compensation	4	3	4	5	6	5	6	7	6	7	11	11	13	17
Receivables, net	-10	-3	12	18	4	-7	38	69	50	-38	58	223	382	333
Inventories	0	-1	-1	-0	-1	-0	1	2	-2	1	6	13	30	-7
Prepaid expenses and other current assets	-1	-0	0	-1	-0	9	-2	-1	16	5	9	26	11	8
Costs and estimated earnings in excess of billings and unbilled accounts receivable	-	-	-	-	-	-	-	-	-	-3	17	10	-7	82
Other noncurrent assets	-1	3	0	0	0	0	-1	0	1	1	1	1	0	2
Accounts payable and other current liabilities	-21	-16	7	-4	12	3	22	48	31	11	4	166	136	503
Increase (Decrease) in Contract with Customer, Liability	-	-	-	-	-	-	-	17	4	19	45	153	349	32
Other long-term liabilities	-2	1	1	1	-2	2	-	-6	-15	1	-15	-16	3	-9
Net cash provided by operating activities	30	31	38	43	98	91	114	147	142	287	180	302	640	849
Purchases of property and equipment	9	12	17	19	21	23	35	27	32	24	22	48	95	111
Proceeds from sales of property and equipment	1	1	1	1	1	1	1	2	2	2	3	3	6	6
Cash paid for acquisitions, net of cash acquired	30	13	-	56	6	57	95	70	196	186	227	49	102	235
Payments for investments	-	-	-	-	-	-	-	-	-	-	-	2	2	3
Net cash used in investing activities	-36	-23	-16	-74	-26	-79	-129	-96	-224	-208	-247	-97	-193	-344
Proceeds from revolving credit facility	-	-	-	129	25	144	177	124	356	268	275	555	285	182
Payments on revolving credit facility	-	-	-	90	53	154	132	119	228	226	125	560	500	182
Payments on term loan	-	-	-	-	-	-	-	-	-	15	15	120	-	-
Proceeds from other debt	-	-	-	-	-	-	-	-	-	-	-	-	-	1
Payments on other debt	-	-	-	-	-	1	1	1	4	47	16	12	12	27
Payments on finance lease liabilities	-	-	-	-	-	-	-	-	-	-	4	1	-	-
Debt financing costs	1	-	1	1	-	1	-	1	1	-	-	2	-	-
Payments of dividends to stockholders	8	7	8	8	9	10	11	12	15	15	17	20	30	43
Share repurchases	7	3	2	8	8	13	9	29	20	30	27	38	21	58
Shares received in lieu of tax withholding	1	1	1	1	1	1	1	2	1	1	2	3	5	9
Proceeds from exercise of options	0	0	5	1	4	2	2	3	2	2	6	1	0	0
Deferred acquisition payments	-	-	-	-	-	-1	3	1	1	1	0	0	-	0
Payments for contingent consideration arrangements	-	-	-	-	-	-	-	5	1	10	3	5	15	25
Net cash used in financing activities	-29	-18	-11	12	-48	-36	19	-42	88	-75	70	-206	-299	-161
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-	-	-	-	-	-	-	-	-	4	4	-2	148	345