Investor Overview

Watsco, with our extensive distribution network, provides indoor comfort to homes and businesses regardless of conditions.

Financials

Over the last 25 years Watsco has become the undisputed industry leader producing a 21% compounded annual total shareholder return.

SEC Filings

Over the last 25 years Watsco has become the undisputed industry leader producing a 21% compounded annual total shareholder return.

Fundamentals

Learn about our performance and what makes us the industry leader.

Stock Information

Our Common stock is listed on the NYSE under the ticker symbol “WSO” and our Class B common stock is listed on the NYSE under the ticker symbol “WSOB”

Corporate Governance

The primary role of Watsco’s Board of Directors is to oversee our business strategy, assess and manage risks and maximize long-term shareholder value

Investor Resources

Our Investor Resources page give you insight into our company’s culture and how it increases performance.


Balance Sheet

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Cash & Equivalents 80.50 56.01 35.23 24.45
Cash and Short Term Investments 80.50 56.01 35.23 24.45
Accounts Receivable - Trade, Gross 484.18 482.14 456.38 439.70
Provision for Doubtful Accounts -6.05 -6.17 -5.31 -5.46
Accounts Receivable - Trade, Net 478.13 475.97 451.08 434.23
Total Receivables, Net 478.13 475.97 451.08 434.23
Total Inventory 761.31 685.01 673.97 677.99
Other Current Assets 17.45 23.16 20.99 20.66
Other Current Assets, Total 17.45 23.16 20.99 20.66
Total Current Assets 1.34M 1.24M 1.18M 1.16M
Buildings - Gross 74.49 71.08 69.68 58.92
Land/Improvements - Gross 0.82 0.82 0.82 0.85
Machinery/Equipment - Gross 123.49 117.16 82.03 68.95
Other Property/Plant/Equipment - Gross 15.28 15.09 14.31 21.49
Property/Plant/Equipment, Total - Gross 214.08 204.15 166.83 150.21
Accumulated Depreciation, Total -122.88 -113.65 -104.12 -96.73
Property/Plant/Equipment, Total - Net 91.20 90.50 62.72 53.48
Goodwill, Net 382.73 379.74 378.31 387.31
Intangibles - Gross 199.40 192.00 188.71 209.39
Accumulated Intangible Amortization -38.33 -33.44 -28.22 -22.91
Intangibles, Net 161.07 158.56 160.48 186.48
Other Long Term Assets 74.49 5.69 5.67 6.47
Other Long Term Assets, Total 74.49 5.69 5.67 6.47
Total Assets 2.05M 1.87M 1.79M 1.79M
Accounts Payable 230.48 185.48 145.16 173.36
Accrued Expenses 185.76 129.21 124.96 113.49
Notes Payable/Short Term Debt -- -- -- --
Current Portion of Long Term Debt/Capital Leases 0.24 0.20 0.18 0.17
Total Current Liabilities 416.48 314.89 270.30 287.02
Long Term Debt 22.09 235.64 245.81 303.89
Total Long Term Debt 22.09 235.64 245.81 303.89
Total Debt 22.33 235.84 246.00 304.05
Deferred Income Tax - Long Term Liability 57.34 72.37 68.61 68.12
Deferred Income Tax 57.34 72.37 68.61 68.12
Minority Interest 253.02 245.92 246.41 248.08
Total Liabilities 748.92 868.82 831.13 907.11
Convertible Preferred Stock – Non-Redeemable -- -- -- --
Preferred Stock - Non Redeemable, Net -- -- -- --
Common Stock 21.05 20.95 20.84 20.69
Common Stock, Total 21.05 20.95 20.84 20.69
Additional Paid-In Capital 804.01 592.35 602.52 580.56
Retained Earnings (Accumulated Deficit) 594.56 550.48 495.28 420.88
Treasury Stock - Common -87.44 -114.43 -114.43 -114.43
Unrealized Gain (Loss) -0.30 -0.29 -0.30 -0.29
Cumulative Translation Adjustment -33.50 -43.46 -47.20 -23.62
Other Comprehensive Income -0.42 0.22 0.60 0.17
Other Equity, Total -33.92 -43.24 -46.60 -23.46
Total Equity 1.30M 1.01M 957.31 883.96
Total Liabilities & Shareholders' Equity 2.05M 1.87M 1.79M 1.79M
Shares Outstanding – Common Stock Primary Issue 36.83 36.68 36.62 30.12
Shares Outstanding - Common Issue 2 5.28 5.22 5.07 4.88
Total Common Shares Outstanding 42.10 41.90 41.68 35.01
Treasury Shares – Common Primary Issue 4.82 6.32 6.32 6.32
Treasury Shares - Common Issue 2 0.05 0.05 0.05 0.05
Employees 5.20M 5.05M 5.00M 5.00M
Number of Common Shareholders 337.00 340.00 336.00 321.00
Accumulated Intangible Amortization 38.33 33.44 28.22 22.91
Total Current Assets less Inventory 576.08 555.15 507.30 479.35
Quick Ratio 1.38 1.76 1.88 1.67
Current Ratio 3.21 3.94 4.37 4.03
Net Debt 194.86 425.75 457.18 527.69
Tangible Book Value 754.16 467.53 418.52 310.17
Tangible Book Value per Share 17.91 11.16 10.04 8.86
Total Long Term Debt, Supplemental
Long Term Debt Maturing within 1 Year
Long Term Debt Maturing in Year 2
Long Term Debt Maturing in Year 3
Long Term Debt Maturing in Year 4
Long Term Debt Maturing in Year 5
Long Term Debt Maturing in 2-3 Years
Long Term Debt Maturing in 4-5 Years
Long Term Debt Maturing in Year 6 & Beyond
Total Operating Leases 198.15 189.18 201.50 217.34
Operating Lease Payments Due in Year 1 69.14 56.64 67.96 67.31
Operating Lease Payments Due in Year 2 51.65 48.42 52.41 56.26
Operating Lease Payments Due in Year 3 36.13 35.93 35.99 41.17
Operating Lease Payments Due in Year 4 22.43 21.65 22.11 26.22
Operating Lease Payments Due in Year 5 12.99 13.18 12.64 12.85
Operating Lease Payments Due in 2-3 Years 87.77 84.35 88.40 97.44
Operating Lease Payments Due in 4-5 Years 35.42 34.83 34.75 39.07
Standardized Operating Lease Payments Due in Year 6 and Beyond 5.82 13.36 10.40 13.53

Copyright Thomson Reuters Corporation

In millions of USD (except for per share items)