Comfort Systems USA Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.02B | $522.4M | $323.4M | $245.9M | $143.3M | $150.1M | $114.3M | $112.9M |
| Depreciation & Amortization | $62.4M | $48.2M | $38.2M | $33.6M | $28.4M | $27.9M | $24.5M | — |
| Depreciation | $62.4M | $48.2M | $38.2M | $33.6M | $28.4M | $27.9M | $24.5M | $22.6M |
| Amortization | $79.6M | $97.3M | $43.4M | $47.8M | $40.5M | $32.7M | $27.1M | $20.1M |
| Stock-Based Compensation | $21.8M | $16.6M | $12.9M | $10.5M | $10.6M | $6.9M | $5.9M | $7.2M |
| Net Cash from Operating Activities | $1.19B | $849.1M | $639.6M | $301.5M | $180.2M | $286.5M | $142.0M | $147.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $154.9M | $111.1M | $94.8M | $48.4M | $22.3M | $24.1M | $31.8M | $27.3M |
| Business Acquisitions | $279.6M | $235.5M | $102.3M | $49.2M | $227.5M | $185.9M | $196.5M | $70.1M |
| Net Cash from Investing Activities | $-467.3M | $-343.5M | $-193.0M | $-97.2M | $-246.7M | $-207.8M | $-224.5M | $-95.7M |
| Financing Activities | ||||||||
| Dividends Paid | $68.8M | $42.8M | $30.4M | $20.1M | $17.4M | $15.5M | $14.5M | $12.3M |
| Stock Repurchases | $216.0M | $57.9M | $21.2M | $38.2M | $27.1M | $30.1M | $19.6M | $28.5M |
| Net Cash from Financing Activities | $-287.1M | $-160.8M | $-298.6M | $-205.9M | $70.5M | $-74.6M | $87.6M | $-42.4M |
| Net Change in Cash | $432.0M | $344.8M | $147.9M | $-1.6M | $3.9M | $4.1M | $5.2M | $9.1M |
| Free Cash Flow | $1.03B | $738.0M | $544.7M | $253.2M | $157.8M | $262.4M | $110.3M | $119.9M |