EMCOR Group Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.27B | $1.01B | $633.0M | $406.1M | $383.5M | $132.9M | $325.1M | $283.5M |
| Depreciation & Amortization | — | — | $51.8M | $47.3M | $48.3M | $46.7M | $43.9M | $38.5M |
| Depreciation | $67.4M | $56.7M | $51.8M | $47.3M | $48.3M | $46.7M | $43.9M | $38.5M |
| Amortization | $119.1M | $77.0M | $67.1M | $61.3M | $64.1M | $60.0M | $48.1M | $42.4M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.30B | $1.41B | $899.7M | $497.9M | $318.8M | $806.4M | $355.7M | $271.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $112.8M | $75.0M | $78.4M | $49.3M | $36.2M | $48.0M | $48.4M | $43.5M |
| Business Acquisitions | $1.02B | $228.2M | $96.5M | $98.7M | $118.2M | $50.4M | $301.0M | $72.1M |
| Net Cash from Investing Activities | $-873.6M | $-299.3M | $-161.3M | $-140.8M | $-153.1M | $-94.9M | $-345.3M | $-117.7M |
| Financing Activities | ||||||||
| Dividends Paid | $45.0M | $43.4M | $32.7M | $27.2M | $28.2M | $17.7M | $18.0M | $18.6M |
| Stock Repurchases | $586.3M | $489.8M | $127.7M | $660.6M | $195.5M | $112.6M | $0 | $216.2M |
| Net Cash from Financing Activities | $-663.8M | $-555.4M | $-412.1M | $-710.1M | $-245.5M | $-171.9M | $-19.2M | $-253.0M |
| Net Change in Cash | $-228.4M | $550.6M | $332.7M | $-365.5M | $-81.0M | $543.6M | $-6.3M | $-103.2M |
| Free Cash Flow | $1.19B | $1.33B | $821.3M | $448.6M | $282.6M | $758.4M | $307.3M | $227.5M |