Component: (Network and Table)
Network
00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.comfortsystemsusa.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001035983 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net income including noncontrolling interests
64,896,000  
57,440,000  
28,599,000  
Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
Amortization of identifiable intangible assets
8,185,000  
7,481,000  
7,653,000  
Depreciation expense
17,981,000  
15,935,000  
13,683,000  
Goodwill impairment
  
727,000  
Bad debt expense (benefit)
(27,000) 
1,552,000  
1,275,000  
Deferred tax expense (benefit)
(1,239,000) 
(414,000) 
(4,579,000) 
Amortization of debt financing costs
367,000  
317,000  
283,000  
Gain on sale of assets
(761,000) 
(880,000) 
(830,000) 
Changes in the fair value of contingent earn-out obligations
(731,000) 
(225,000) 
245,000  
Stock-based compensation expense
5,041,000  
5,609,000  
4,806,000  
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures—
 
 
 
(Increase) decrease in-
 
 
 
Receivables, net
7,038,000  
(3,584,000) 
(18,339,000) 
Inventories
213,000  
956,000  
281,000  
Prepaid expenses and other current assets
(8,850,000) 
364,000  
1,494,000  
Costs and estimated earnings in excess of billings
3,144,000  
(3,630,000) 
2,744,000  
Other noncurrent assets
(143,000) 
(479,000) 
(321,000) 
Increase (decrease) in-
 
 
 
Accounts payable and accrued liabilities
2,736,000  
11,617,000  
(4,078,000) 
Billings in excess of costs and estimated earnings
(8,351,000) 
7,908,000  
7,545,000  
Other long-term liabilities
1,689,000  
(2,100,000) 
1,364,000  
Net cash provided by operating activities
91,188,000  
 
97,867,000  
 
42,552,000  
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
Purchases of property and equipment
(23,217,000) 
(20,808,000) 
(19,183,000) 
Proceeds from sales of property and equipment
1,062,000  
1,338,000  
1,355,000  
Cash paid for acquisitions, net of cash acquired
(57,163,000) 
(6,158,000) 
(56,314,000) 
Net cash used in investing activities
(79,318,000) 
 
(25,628,000) 
 
(74,142,000) 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Proceeds from revolving line of credit
144,000,000  
24,500,000  
128,500,000  
Payments on revolving line of credit
(154,000,000) 
(53,000,000) 
(90,000,000) 
Payments on other debt
592,000  
 
2,000,000  
Payments on capital lease obligations
(251,000) 
(443,000) 
(115,000) 
Debt financing costs
(789,000) 
 
(568,000) 
Payments of dividends to shareholders
(10,264,000) 
(9,358,000) 
(8,444,000) 
Share repurchase
(13,088,000) 
(8,330,000) 
(7,974,000) 
Shares received in lieu of tax withholding
(1,304,000) 
(937,000) 
(531,000) 
Excess tax benefit of stock-based compensation
 
1,240,000  
115,000  
Proceeds from exercise of options
1,578,000  
3,738,000  
1,229,000  
Distributions to noncontrolling interests
 
(4,904,000) 
(8,612,000) 
Deferred acquisition payments
(1,350,000) 
  
Payments for contingent consideration arrangements
(200,000) 
(345,000) 
 
Net cash provided by (used in) financing activities
(36,260,000) 
 
(47,839,000) 
 
11,600,000  
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
(24,390,000) 
 
24,400,000  
 
(19,990,000) 
 
CASH AND CASH EQUIVALENTS, beginning of period
56,464,000  
32,064,000  
52,054,000  
CASH AND CASH EQUIVALENTS, end of period
32,074,000  
 
56,464,000  
 
32,064,000