For the quarter ending 2026-03-31, FIX had $68,266K increase in cash & cash equivalents over the period. $241,355K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 370,378 | 330,806 | 291,615 | 230,848 |
| Amortization of identifiable intangible assets | 20,394 | 20,148 | 19,526 | 19,791 |
| Depreciation expense | 18,566 | 17,465 | 16,048 | 14,856 |
| Change in right-of-use assets | 12,668 | 11,313 | 7,567 | 7,310 |
| Bad debt expense | 838 | 992 | 1,929 | 2,308 |
| Deferred tax provision | 956 | -12,814 | 6,440 | -935 |
| Amortization of debt financing costs | 232 | 232 | 446 | 171 |
| Gain on sale of assets | 302 | 394 | 582 | 442 |
| Changes in the fair value of contingent earn-out obligations | 10,370 | 13,539 | 12,103 | 4,073 |
| Stock-based compensation | 19,406 | 6,063 | 3,553 | 4,156 |
| Receivables, net | 214,734 | 215,654 | 138,964 | 287,945 |
| Inventories | 9,881 | 4,893 | 8,098 | 7,599 |
| Prepaid expenses and other current assets | 15,666 | 78,131 | 17,045 | -5,861 |
| Costs and estimated earnings in excess of billings and unbilled accounts receivable | 52,575 | -99,674 | -43,948 | 13,467 |
| Other noncurrent assets | 597 | -181 | 702 | -111 |
| Accounts payable and other current liabilities | 4,879 | -81,336 | 125,415 | -7,631 |
| Billings in excess of costs and estimated earnings and deferred revenue | 225,017 | 345,338 | 187,966 | 273,717 |
| Other long-term liabilities | -1,121 | 16,011 | 2,106 | 7,312 |
| Net cash provided by (used in) operating activities | 388,828 | 468,540 | 553,271 | 252,495 |
| Purchases of property and equipment | 147,473 | 66,090 | 35,332 | 31,273 |
| Proceeds from sales of property and equipment | 874 | 543 | 1,088 | 969 |
| Cash paid for acquisitions, net of cash acquired | 6,097 | 151,016 | 4,501 | 55,681 |
| Payments for investments | 45,071 | 35,202 | 21,521 | 220 |
| Proceeds from investments | 13,766 | 20,489 | 7,258 | - |
| Net cash used in investing activities | -184,001 | -231,276 | -53,008 | -86,205 |
| Proceeds from revolving credit facility | - | 0 | 200,000 | - |
| Payments on revolving credit facility | 100,000 | 0 | 100,000 | - |
| Payments on other debt | 6,147 | 22 | 37,022 | 22 |
| Debt financing costs | - | 0 | 3,709 | - |
| Payments of dividends to stockholders | 24,623 | 21,159 | 17,641 | 15,871 |
| Share repurchases | 2,548 | 91,573 | 13,136 | 19,921 |
| Shares received in lieu of tax withholding | 3,125 | 3,135 | 282 | 3,977 |
| Proceeds from exercise of options | 383 | 0 | 340 | 453 |
| Payments for contingent consideration arrangements | 501 | 0 | 0 | 0 |
| Net cash used in financing activities | -136,561 | -115,889 | 28,550 | -39,338 |
| Net increase (decrease) in cash and cash equivalents | 68,266 | 121,375 | 528,813 | 126,952 |
| Cash and cash equivalents, beginning of period | 981,898 | 860,523 | 331,710 | 204,758 |
| Cash and cash equivalents, end of period | 1,050,164 | 981,898 | 860,523 | 331,710 |
COMFORT SYSTEMS USA INC (FIX)
COMFORT SYSTEMS USA INC (FIX)