$FIX
COMFORT SYSTEMS USA INC Stock $fix

$fix Overview Financials Valuation SEC Filings Company Website

2013 Q1 Form 10-Q Financial Statement

#000104746913005255 Filed on May 01, 2013

Income Statement

Concept	2013 Q1	2012 Q1
Revenue	$325.9M	$326.9M
YoY Change	-0.31%	19.14%
Cost Of Revenue	$274.4M	$284.0M
YoY Change	-3.36%	14.57%
Gross Profit	$51.47M	$42.93M
YoY Change	19.88%	25.66%
Gross Profit Margin	15.79%	13.13%
Selling, General & Admin	$46.52M	$46.05M
YoY Change	1.02%	8.05%
% of Gross Profit	90.39%	107.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.846M	$3.057M
YoY Change	-6.9%	-3.29%
% of Gross Profit	5.53%	7.12%
Operating Expenses	$46.52M	$46.05M
YoY Change	1.02%	8.05%
Operating Profit	$5.086M	-$3.003M
YoY Change	-269.36%	-59.8%
Interest Expense	$338.0K	$397.0K
YoY Change	-14.86%	-18.48%
% of Operating Profit	6.65%
Other Income/Expense, Net	-$294.0K	-$372.0K
YoY Change	-20.97%	-31.24%
Pretax Income	$4.792M	-$3.375M
YoY Change	-241.99%	-61.95%
Income Tax	$2.043M	-$944.0K
% Of Pretax Income	42.63%
Net Earnings	$2.695M	-$2.668M
YoY Change	-201.01%	-48.39%
Net Earnings / Revenue	0.83%	-0.82%
Basic Earnings Per Share	$0.07	-$0.03
Diluted Earnings Per Share	$0.07	-$0.03
COMMON SHARES
Basic Shares Outstanding	37.07M shares	37.06M shares
Diluted Shares Outstanding	37.33M shares	37.06M shares

Balance Sheet

Concept	2013 Q1	2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$25.40M	$27.90M
YoY Change	-8.96%	-56.13%
Cash & Equivalents	$25.44M	$27.87M
Short-Term Investments
Other Short-Term Assets	$27.20M	$29.20M
YoY Change	-6.85%	-1.68%
Inventory	$9.601M	$10.70M
Prepaid Expenses
Receivables	$271.5M	$265.9M
Other Receivables	$9.700M	$6.300M
Total Short-Term Assets	$377.2M	$373.5M
YoY Change	0.99%	-1.37%
LONG-TERM ASSETS
Property, Plant & Equipment	$41.50M	$40.81M
YoY Change	1.69%	-4.43%
Goodwill	$114.6M	$107.1M
YoY Change	7.0%
Intangibles	$42.59M	$46.28M
YoY Change	-7.99%
Long-Term Investments
YoY Change
Other Assets	$7.705M	$8.349M
YoY Change	-7.71%	22.78%
Total Long-Term Assets	$206.4M	$202.5M
YoY Change	1.9%	-14.76%
TOTAL ASSETS
Total Short-Term Assets	$377.2M	$373.5M
Total Long-Term Assets	$206.4M	$202.5M
Total Assets	$583.6M	$576.1M
YoY Change	1.31%	-6.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$100.6M	$105.8M
YoY Change	-4.95%	19.41%
Accrued Expenses	$65.90M	$64.30M
YoY Change	2.49%	-2.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$300.0K	$600.0K
YoY Change	-50.0%	-73.91%
Total Short-Term Liabilities	$270.2M	$266.2M
YoY Change	1.5%	5.65%
LONG-TERM LIABILITIES
Long-Term Debt	$2.100M	$14.60M
YoY Change	-85.62%	-47.1%
Other Long-Term Liabilities	$9.920M	$10.84M
YoY Change	-8.47%	-4.09%
Total Long-Term Liabilities	$12.02M	$10.84M
YoY Change	10.91%	-72.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$270.2M	$266.2M
Total Long-Term Liabilities	$12.02M	$10.84M
Total Liabilities	$294.8M	$296.9M
YoY Change	-0.68%	-3.99%
SHAREHOLDERS EQUITY
Retained Earnings	-$3.996M	-$21.02M
YoY Change	-80.99%
Common Stock	$316.9M	$322.7M
YoY Change	-1.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$41.14M	$39.34M
YoY Change	4.58%
Treasury Stock Shares	3.890M shares	3.706M shares
Shareholders Equity	$271.7M	$262.3M
YoY Change
Total Liabilities & Shareholders Equity	$583.6M	$576.1M
YoY Change	1.31%	-6.53%

Cashflow Statement

Concept	2013 Q1	2012 Q1
OPERATING ACTIVITIES
Net Income	$2.695M	-$2.668M
YoY Change	-201.01%	-48.39%
Depreciation, Depletion And Amortization	$2.846M	$3.057M
YoY Change	-6.9%	-3.29%
Cash From Operating Activities	-$10.35M	-$19.82M
YoY Change	-47.76%	3.93%
INVESTING ACTIVITIES
Capital Expenditures	$3.208M	$2.094M
YoY Change	53.2%	-11.27%
Acquisitions		$15.00K
YoY Change		-99.17%
Other Investing Activities	$200.0K	$400.0K
YoY Change	-50.0%	-20.0%
Cash From Investing Activities	-$2.988M	-$1.700M
YoY Change	75.76%	-9.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$145.0K	$0.00
YoY Change
Debt Paid & Issued, Net		$100.0K
YoY Change
Cash From Financing Activities	-$1.983M	-$1.898M
YoY Change	4.48%	7.23%
NET CHANGE
Cash From Operating Activities	-$10.35M	-$19.82M
Cash From Investing Activities	-$2.988M	-1.700M
Cash From Financing Activities	-$1.983M	-$1.898M
Net Change In Cash	-$15.32M	-$21.71M
YoY Change	-29.44%	-4.39%
FREE CASH FLOW
Cash From Operating Activities	-$10.35M	-$19.82M
Capital Expenditures	$3.208M	$2.094M
Free Cash Flow	-$13.56M	-$21.91M
YoY Change	-38.12%	2.26%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-size:10.0pt;font-family:Times New Roman;"> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><b><i>Use of Estimates</i></b></font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        The preparation of financial statements in conformity with generally accepted accounting principles requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, revenue and expenses and disclosures regarding contingent assets and liabilities. Actual results could differ from those estimates. The most significant estimates used in our financial statements affect revenue and cost recognition for construction contracts, the allowance for doubtful accounts, self-insurance accruals, deferred tax assets, warranty accruals, fair value accounting for acquisitions and the quantification of fair value for reporting units in connection with our goodwill impairment testing.</font></p> </div>
CY2012Q4	us-gaap	Self Insurance Reserve Current SelfInsuranceReserveCurrent	29096000	USD
CY2013Q1	us-gaap	Liabilities Current LiabilitiesCurrent	270223000	USD
CY2012Q4	us-gaap	Liabilities Current LiabilitiesCurrent	268587000	USD
CY2013Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2100000	USD
CY2013Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-size:10.0pt;font-family:Times New Roman;"> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><b><i>Reclassifications</i></b></font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">        Certain reclassifications have been made in prior period financial statements to conform to current period presentation. These reclassifications are of a normal and recurring nature or are due to discontinued operations accounting related to the shutdown of our Delaware operation in 2012. Neither have resulted in any changes to previously reported net income for any periods.</font></p> </div>
CY2013Q1	us-gaap	Interest Paid InterestPaid	11000	USD
CY2012Q1	us-gaap	Interest Paid InterestPaid	47000	USD
CY2013Q1	fix	Income Taxes Paid Continuing Operations IncomeTaxesPaidContinuingOperations	598000	USD
CY2012Q1	fix	Income Taxes Paid Continuing Operations IncomeTaxesPaidContinuingOperations	1306000	USD
CY2012Q1	fix	Income Taxes Paid Discontinuing Operations IncomeTaxesPaidDiscontinuingOperations	5000	USD
CY2013Q1	fix	Interest Paid And Income Taxes Paid InterestPaidAndIncomeTaxesPaid	609000	USD
CY2012Q1	fix	Interest Paid And Income Taxes Paid InterestPaidAndIncomeTaxesPaid	1358000	USD
CY2013Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	27704000	USD
CY2013Q1	fix	Life Insurance Contracts Number Of Employees Covered LifeInsuranceContractsNumberOfEmployeesCovered	39	item
CY2013Q1	fix	Life Insurance Contracts Face Amount LifeInsuranceContractsFaceAmount	38500000	USD
CY2012Q4	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	2500000	USD
CY2013Q1	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	2500000	USD
CY2013Q1	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	-27000	USD
CY2012Q1	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	2508000	USD
CY2013Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax	-93000	USD
CY2012Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax	-399000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	25435000	USD
CY2013Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	271499000	USD
CY2013Q1	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	9699000	USD
CY2013Q1	us-gaap	Inventory Net InventoryNet	9601000	USD
CY2013Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	25900000	USD
CY2013Q1	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear	33842000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	40757000	USD
CY2012Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	256959000	USD
CY2012Q4	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	12376000	USD
CY2012Q4	us-gaap	Inventory Net InventoryNet	9638000	USD
CY2012Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	25037000	USD
CY2012Q4	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear	26204000	USD
CY2012Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	1582000	USD
CY2013Q1	us-gaap	Assets Current AssetsCurrent	377233000	USD
CY2012Q4	us-gaap	Assets Current AssetsCurrent	372553000	USD
CY2013Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	41496000	USD
CY2013Q1	us-gaap	Goodwill Goodwill	114588000	USD
CY2013Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	42586000	USD
CY2012Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	44515000	USD
CY2012Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	27077000	USD
CY2012Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	767000	USD
CY2013Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7705000	USD
CY2013Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	35647000	USD
CY2012Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	36892000	USD
CY2012Q4	us-gaap	Billings In Excess Of Cost BillingsInExcessOfCost	73814000	USD
CY2013Q1	us-gaap	Self Insurance Reserve Current SelfInsuranceReserveCurrent	30284000	USD
CY2012Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7682000	USD
CY2013Q1	us-gaap	Assets Assets	583608000	USD
CY2012Q4	us-gaap	Assets Assets	580754000	USD
CY2013Q1	us-gaap	Debt Current DebtCurrent	300000	USD
CY2012Q4	us-gaap	Debt Current DebtCurrent	300000	USD
CY2013Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	100565000	USD
CY2012Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	100641000	USD
CY2012Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2100000	USD
CY2013Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	5000000	USD
CY2012Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	5000000	USD
CY2013Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	7589000	USD
CY2012Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	7954000	USD
CY2013Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	9920000	USD
CY2012Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	9807000	USD
CY2013Q1	us-gaap	Liabilities Liabilities	294832000	USD
CY2012Q4	us-gaap	Liabilities Liabilities	293448000	USD
CY2012Q4	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2013Q1	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2012Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q1	us-gaap	Common Stock Value CommonStockValue	411000	USD
CY2012Q4	us-gaap	Common Stock Value CommonStockValue	411000	USD
CY2013Q1	us-gaap	Treasury Stock Value TreasuryStockValue	41143000	USD
CY2013Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	316440000	USD
CY2012Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	317534000	USD
CY2013Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-3996000	USD
CY2012Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-6528000	USD
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	271712000	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	270405000	USD
CY2013Q1	us-gaap	Minority Interest MinorityInterest	17064000	USD
CY2013Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	288776000	USD
CY2012Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	287306000	USD
CY2013Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	583608000	USD
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	580754000	USD
CY2013Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	6405000	USD
CY2012Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	6333000	USD
CY2013Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2012Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2013Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	46520000	USD
CY2012Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2012Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2013Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2012Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2012Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	102969912	shares
CY2012Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	102969912	shares
CY2013Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	41123365	shares
CY2012Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	41123365	shares
CY2013Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	3889635	shares
CY2012Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	3879299	shares
CY2013Q1	us-gaap	Sales Revenue Net SalesRevenueNet	325890000	USD
CY2012Q1	us-gaap	Sales Revenue Net SalesRevenueNet	326902000	USD
CY2013Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	274423000	USD
CY2012Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	283971000	USD
CY2013Q1	us-gaap	Gross Profit GrossProfit	51467000	USD
CY2012Q1	us-gaap	Gross Profit GrossProfit	42931000	USD
CY2012Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	46051000	USD
CY2013Q1	us-gaap	Gain Loss On Disposition Of Property GainLossOnDispositionOfProperty	139000	USD
CY2012Q1	us-gaap	Gain Loss On Disposition Of Property GainLossOnDispositionOfProperty	117000	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	5086000	USD
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3003000	USD
CY2013Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	7000	USD
CY2012Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	4000	USD
CY2013Q1	us-gaap	Interest Expense InterestExpense	338000	USD
CY2012Q1	us-gaap	Interest Expense InterestExpense	397000	USD
CY2013Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability	-27000	USD
CY2012Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability	-30000	USD
CY2013Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	64000	USD
CY2012Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	51000	USD
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-294000	USD
CY2012Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-372000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	4792000	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-3375000	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2043000	USD
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-944000	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	-2431000	USD
CY2012Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax	-237000	USD
CY2013Q1	us-gaap	Profit Loss ProfitLoss	2695000	USD
CY2012Q1	us-gaap	Profit Loss ProfitLoss	-2668000	USD
CY2013Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	163000	USD
CY2012Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1639000	USD
CY2013Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2532000	USD
CY2012Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1029000	USD
CY2012Q1	fix	Income Loss From Discontinued Operations During Phase Out Period Per Basic Share IncomeLossFromDiscontinuedOperationsDuringPhaseOutPeriodPerBasicShare	-0.01
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
CY2012Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.02
CY2012Q1	fix	Income Loss From Discontinued Operations During Phase Out Period Per Diluted Share IncomeLossFromDiscontinuedOperationsDuringPhaseOutPeriodPerDilutedShare	-0.01
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.03
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37067000	shares
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37056000	shares
CY2013Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	73504000	USD
CY2012Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	73504000	USD
CY2013Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	30918000	USD
CY2012Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	28989000	USD
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37056000	shares
CY2013Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.05
CY2012Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.05
CY2013Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.07
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2012	us-gaap	Profit Loss ProfitLoss	11849000	USD
CY2013Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense	15000	USD
CY2012	us-gaap	Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense	373000	USD
CY2012	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	544000	USD
CY2012	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	56000	USD
CY2013Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	767000	USD
CY2012	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2797000	USD
CY2013Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	1862000	USD
CY2012	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	7471000	USD
CY2013Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	145000	USD
CY2012	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2860000	USD
CY2013Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1929000	USD
CY2012Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2080000	USD
CY2013Q1	us-gaap	Depreciation Depreciation	2846000	USD
CY2012Q1	us-gaap	Depreciation Depreciation	3057000	USD
CY2013Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	153000	USD
CY2012Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	741000	USD
CY2013Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1122000	USD
CY2012Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1521000	USD
CY2013Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	57000	USD
CY2012Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	57000	USD
CY2013Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	139000	USD
CY2012Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	216000	USD
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation	927000	USD
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	577000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	11992000	USD
CY2012Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	905000	USD
CY2013Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-37000	USD
CY2012Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	68000	USD
CY2013Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-194000	USD
CY2012Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	855000	USD
CY2013Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	7638000	USD
CY2012Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	6409000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-122000	USD
CY2012Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2077000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	147000	USD
CY2012Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-10349000	USD
CY2013Q1	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	1470000	USD
CY2012Q1	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	-1621000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-64000	USD
CY2012Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	331000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-10351000	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-19816000	USD
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3208000	USD
CY2012Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	420000	USD
CY2013Q1	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	43000	USD
CY2012Q1	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	39000	USD
CY2012Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	15000	USD
CY2012Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	100000	USD
CY2013Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1853000	USD
CY2013Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	15000	USD
CY2012Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	19000	USD
CY2012Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	36000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1983000	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1898000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-15322000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-23364000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	27873000	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	51237000	USD
CY2013Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>1. Business and Organization</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        Comfort Systems USA, Inc., a Delaware corporation, provides comprehensive heating, ventilation and air conditioning ("HVAC") installation, maintenance, repair and replacement services within the mechanical services industry. We operate primarily in the commercial, industrial and institutional HVAC markets and perform most of our services within office buildings, retail centers, apartment complexes, manufacturing plants and healthcare, education and government facilities. In addition to standard HVAC services, we provide specialized applications such as building automation control systems, fire protection, process cooling, electronic monitoring and process piping. Certain locations also perform related activities such as electrical service and plumbing. Approximately 45% of our consolidated 2013 revenue is attributable to installation of systems in newly constructed facilities, with the remaining 55% attributable to maintenance, repair and replacement services. The following service activities account for our consolidated 2013 revenue: HVAC 75%, plumbing 15%, building automation control systems 5% and other 5%. These service activities are within the mechanical services industry which is the single industry segment we serve.</font></p> </div>
CY2011Q4	us-gaap	Goodwill Goodwill	107093000	USD
CY2012	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	7495000	USD
CY2012Q1	us-gaap	Number Of Businesses Acquired NumberOfBusinessesAcquired	1	item
CY2013Q1	us-gaap	Number Of Businesses Acquired NumberOfBusinessesAcquired	0	item
CY2013Q1	us-gaap	Disposal Group Including Discontinued Operation Interest Expense DisposalGroupIncludingDiscontinuedOperationInterestExpense	0	USD
CY2013Q1	us-gaap	Loss Contingency Estimate Of Possible Loss LossContingencyEstimateOfPossibleLoss	0	USD
CY2013Q1	us-gaap	Long Term Debt LongTermDebt	7400000	USD
CY2012Q4	us-gaap	Long Term Debt LongTermDebt	7400000	USD
CY2013Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	300000	USD
CY2012Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	300000	USD
CY2013Q1	fix	Common Stock Shares Outstanding Excluding Unvested Shares Contingently Issuable CommonStockSharesOutstandingExcludingUnvestedSharesContingentlyIssuable	37059000	shares
CY2012Q1	fix	Common Stock Shares Outstanding Excluding Unvested Shares Contingently Issuable CommonStockSharesOutstandingExcludingUnvestedSharesContingentlyIssuable	36965000	shares
CY2013Q1	fix	Effect Of Using Weighted Average Common Shares Outstanding EffectOfUsingWeightedAverageCommonSharesOutstanding	8000	shares
CY2012Q1	fix	Effect Of Using Weighted Average Common Shares Outstanding EffectOfUsingWeightedAverageCommonSharesOutstanding	91000	shares
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	92000	shares
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	174000	shares
CY2013Q1	fix	Number Of Unvested Shares Contingently Issuable Excluded From Computation Of Basic Earnings Per Share NumberOfUnvestedSharesContingentlyIssuableExcludedFromComputationOfBasicEarningsPerShare	200000	shares
CY2012Q1	fix	Number Of Unvested Shares Contingently Issuable Excluded From Computation Of Basic Earnings Per Share NumberOfUnvestedSharesContingentlyIssuableExcludedFromComputationOfBasicEarningsPerShare	400000	shares
CY2007Q1	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	1000000	shares
CY2013Q1	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	6600000	shares
CY2013Q1	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	12.41
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	5900000	shares
	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	10.93
CY2013Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.4260	pure
CY2012Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.2800	pure
CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	283106000	USD
CY2013Q1	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	1257000	USD
CY2013Q1	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	439000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	2749000	USD
CY2013Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax	-54000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.07
CY2013Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.07

Files In Submission

Name	View Source	Status
0001047469-13-005255-index-headers.html	Edgar Link	pending
0001047469-13-005255-index.html	Edgar Link	pending
0001047469-13-005255.txt	Edgar Link	pending
0001047469-13-005255-xbrl.zip	Edgar Link	pending
a2214704z10-q.htm	Edgar Link	pending
a2214704zex-10_1.htm	Edgar Link	pending
a2214704zex-31_1.htm	Edgar Link	pending
a2214704zex-31_2.htm	Edgar Link	pending
a2214704zex-32_1.htm	Edgar Link	pending
a2214704zex-32_2.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
fix-20130331.xml	Edgar Link	completed
fix-20130331.xsd	Edgar Link	pending
fix-20130331_cal.xml	Edgar Link	unprocessable
fix-20130331_def.xml	Edgar Link	unprocessable
fix-20130331_lab.xml	Edgar Link	unprocessable
fix-20130331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$FIX
COMFORT SYSTEMS USA INC Stock $fix

2013 Q1 Form 10-Q Financial Statement

#000104746913005255 Filed on May 01, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FIX COMFORT SYSTEMS USA INC Stock $fix

2013 Q1 Form 10-Q Financial Statement

#000104746913005255 Filed on May 01, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FIX
COMFORT SYSTEMS USA INC Stock $fix