COMFORT SYSTEMS USA, INC. (FIX) FY2024 YTD Q3 Statement of Cash Flows
2024-01-01 to 2024-09-30
Statement of Cash Flows
2024-01-01 to 2024-09-30
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Chart details
COMFORT SYSTEMS USA, INC. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024
Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2023
- 205,150,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 638,594,000 US dollars. Net cash provided.
- Other long-term liabilities
- negative 4,375,000 US dollars
- Billings in excess of costs and estimated earnings and deferred revenue
- 80,448,000 US dollars
- Accounts payable and accrued liabilities
- 323,756,000 US dollars
- Other noncurrent assets
- negative 1,882,000 US dollars
- Costs and estimated earnings in excess of billings and unbilled accounts receivable
- negative 58,473,000 US dollars
- Prepaid expenses and other current assets
- 15,174,000 US dollars
- Inventories
- 10,088,000 US dollars
- Receivables, net
- negative 262,958,000 US dollars
- Stock-based compensation
- 12,129,000 US dollars
- Changes in the fair value of contingent earn-out obligations
- 44,434,000 US dollars
- Gain on sale of assets
- negative 2,778,000 US dollars
- Amortization of debt financing costs
- 514,000 US dollars
- Deferred tax provision (benefit)
- negative 32,511,000 US dollars
- Bad debt expense
- 5,464,000 US dollars
- Change in right-of-use assets
- 22,400,000 US dollars
- Depreciation expense
- 35,377,000 US dollars
- Amortization of identifiable intangible assets
- 75,224,000 US dollars
- Net income
- 376,563,000 US dollars
- Investing activities
- negative 304,020,000 US dollars. Net cash used.
- Cash paid for acquisitions, net of cash acquired
- negative 235,466,000 US dollars
- Payments for investments
- negative 1,770,000 US dollars
- Proceeds from sales of property and equipment
- 3,611,000 US dollars
- Purchases of property and equipment
- negative 70,395,000 US dollars
- Financing activities
- negative 124,141,000 US dollars. Net cash used.
- Proceeds from revolving credit facility
- 182,000,000 US dollars
- Payments on revolving credit facility
- negative 182,000,000 US dollars
- Proceeds from other debt
- 640,000 US dollars
- Payments on other debt
- negative 26,550,000 US dollars
- Payments of dividends to stockholders
- negative 30,322,000 US dollars
- Share repurchases
- negative 42,024,000 US dollars
- Shares received in lieu of tax withholding
- negative 7,292,000 US dollars
- Proceeds from exercise of options
- 27,000 US dollars
- Deferred acquisition payments
- negative 50,000 US dollars
- Payments for contingent consideration arrangements
- negative 18,570,000 US dollars
- Operating adjustment reconciliation
- 625,008,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 306,808,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 307,631,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 0 US dollars
- Ending cash on Sep 30, 2024
- 415,583,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 843,744,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 210,433,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.70×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 638,594,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 70,395,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 568,199,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $262.03M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 638,594,000 US dollars minus 70,395,000 US dollars equals 568,199,000 US dollars.
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