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.

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 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update) Year Ending Dec 2013 (Update)
Cash & Equivalents 56.01 35.23 24.45 19.48
Cash and Short Term Investments 56.01 35.23 24.45 19.48
Accounts Receivable - Trade, Gross 482.14 456.38 439.70 405.30
Provision for Doubtful Accounts -6.17 -5.31 -5.46 -5.74
Accounts Receivable - Trade, Net 475.97 451.08 434.23 399.57
Total Receivables, Net 475.97 451.08 434.23 399.57
Total Inventory 685.01 673.97 677.99 583.15
Other Current Assets 23.16 20.99 20.66 18.91
Other Current Assets, Total 23.16 20.99 20.66 18.91
Total Current Assets 1.24M 1.18M 1.16M 1.02M
Buildings - Gross 71.08 69.68 58.92 49.94
Land/Improvements - Gross 0.82 0.82 0.85 1.13
Machinery/Equipment - Gross 117.16 82.03 68.95 64.01
Other Property/Plant/Equipment - Gross 15.09 14.31 21.49 20.52
Property/Plant/Equipment, Total - Gross 204.15 166.83 150.21 135.61
Accumulated Depreciation, Total -113.65 -104.12 -96.73 -90.19
Property/Plant/Equipment, Total - Net 90.50 62.72 53.48 45.42
Goodwill, Net 379.74 378.31 387.31 392.61
Intangibles - Gross 192.00 188.71 209.39 220.98
Accumulated Intangible Amortization -33.44 -28.22 -22.91 -17.14
Intangibles, Net 158.56 160.48 186.48 203.84
Other Long Term Assets 5.69 5.67 6.47 6.56
Other Long Term Assets, Total 5.69 5.67 6.47 6.56
Total Assets 1.87M 1.79M 1.79M 1.67M
Accounts Payable 185.48 145.16 173.36 141.10
Accrued Expenses 129.21 124.96 113.49 102.30
Notes Payable/Short Term Debt -- -- -- --
Current Portion of Long Term Debt/Capital Leases 0.20 0.18 0.17 0.11
Total Current Liabilities 314.89 270.30 287.02 243.51
Long Term Debt 235.64 245.81 303.89 230.56
Total Long Term Debt 235.64 245.81 303.89 230.56
Total Debt 235.84 246.00 304.05 230.66
Deferred Income Tax - Long Term Liability 72.37 68.61 68.12 68.08
Deferred Income Tax 72.37 68.61 68.12 68.08
Minority Interest 245.92 246.41 248.08 287.00
Total Liabilities 868.82 831.13 907.11 829.14
Convertible Preferred Stock – Non-Redeemable -- -- -- --
Preferred Stock - Non Redeemable, Net -- -- -- --
Common Stock 20.95 20.84 20.69 20.55
Common Stock, Total 20.95 20.84 20.69 20.55
Additional Paid-In Capital 592.35 602.52 580.56 606.38
Retained Earnings (Accumulated Deficit) 550.48 495.28 420.88 339.36
Treasury Stock - Common -114.43 -114.43 -114.43 -114.43
Unrealized Gain (Loss) -0.29 -0.30 -0.29 -0.29
Cumulative Translation Adjustment -43.46 -47.20 -23.62 -11.18
Other Comprehensive Income 0.22 0.60 0.17
Other Equity, Total -43.24 -46.60 -23.46 -11.18
Total Equity 1.01M 957.31 883.96 840.40
Total Liabilities & Shareholders' Equity 1.87M 1.79M 1.79M 1.67M
Shares Outstanding – Common Stock Primary Issue 36.68 36.62 30.12 30.04
Shares Outstanding - Common Issue 2 5.22 5.07 4.88 4.69
Total Common Shares Outstanding 41.90 41.68 35.01 34.73
Treasury Shares – Common Primary Issue 6.32 6.32 6.32 6.32
Treasury Shares - Common Issue 2 0.05 0.05 0.05 0.05
Employees 5.05M 5.00M 5.00M 4.80M
Number of Common Shareholders 340.00 336.00 321.00 339.00
Accumulated Intangible Amortization 33.44 28.22 22.91 17.14
Total Current Assets less Inventory 555.15 507.30 479.35 437.95
Quick Ratio 1.76 1.88 1.67 1.80
Current Ratio 3.94 4.37 4.03 4.19
Net Debt 425.75 457.18 527.69 498.18
Tangible Book Value 467.53 418.52 310.17 243.94
Tangible Book Value per Share 11.16 10.04 8.86 7.02
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 189.18 201.50 217.34 213.55
Operating Lease Payments Due in Year 1 56.64 67.96 67.31 64.97
Operating Lease Payments Due in Year 2 48.42 52.41 56.26 54.51
Operating Lease Payments Due in Year 3 35.93 35.99 41.17 43.32
Operating Lease Payments Due in Year 4 21.65 22.11 26.22 28.36
Operating Lease Payments Due in Year 5 13.18 12.64 12.85 14.01
Operating Lease Payments Due in 2-3 Years 84.35 88.40 97.44 97.83
Operating Lease Payments Due in 4-5 Years 34.83 34.75 39.07 42.36
Standardized Operating Lease Payments Due in Year 6 and Beyond 13.36 10.40 13.53 8.39

Copyright Thomson Reuters Corporation

In millions of USD (except for per share items)