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 30 years Watsco has become the undisputed industry leader producing a 18% 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.


Cash Flow

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Reclassified)
Net Income/Starting Line 296.53 257.29 235.98 226.52
Depreciation – Supplemental 22.10 22.03 20.07 19.12
Depreciation/Depletion 22.10 22.03 20.07 19.12
Deferred Taxes 8.29 -10.74 2.72 4.69
Discontinued Operations
Unusual Items 0.03 0.12 -0.19 -0.49
Equity in Net Earnings (Loss) -9.28 -3.89
Other Non-Cash Items 21.07 17.71 18.15 14.83
Non-Cash Items 11.82 13.94 17.97 14.34
Accounts Receivable -28.83 -1.68 -26.94 -26.12
Inventories -78.95 -73.40 -9.73 -3.65
Accounts Payable -57.40 99.96 43.73 -11.76
Other Assets & Liabilities, Net -2.99 -0.89 -2.07 -0.29
Changes in Working Capital -168.17 23.99 5.00 -41.82
Cash from Operating Activities 170.56 306.52 281.73 222.85
Purchase of Fixed Assets -17.15 -17.88 -43.58 -23.70
Capital Expenditures -17.15 -17.88 -43.58 -23.70
Acquisition of Business -5.63
Sale of Fixed Assets 0.23 0.17 0.74 0.76
Sale/Maturity of Investment
Purchase of Investments -3.76 -63.60
Other Investing Cash Flow
Other Investing Cash Flow Items, Total -9.16 -63.43 0.74 0.76
Cash from Investing Activities -26.31 -81.31 -42.83 -22.94
Other Financing Cash Flow -49.86 -77.47 -85.78 -38.80
Financing Cash Flow Items -49.86 -77.47 -85.78 -38.80
Cash Dividends Paid - Common -209.22 -164.15 -127.60 -98.53
Total Cash Dividends Paid -209.22 -164.15 -127.60 -98.53
Sale/Issuance of Common 6.59 5.24 5.65 5.96
Repurchase/Retirement of Common
Common Stock, Net 6.59 252.99 5.65 5.96
Issuance (Retirement) of Stock, Net 6.59 252.99 5.65 5.96
Long Term Debt Issued 135.20
Long Term Debt Reduction -0.79
Long Term Debt, Net 112.88 -213.51 -10.16 -56.41
Issuance (Retirement) of Debt, Net 112.88 -213.51 -10.16 -56.41
Cash from Financing Activities -139.60 -202.15 -217.89 -187.79
Foreign Exchange Effects -2.25 1.42 -0.23 -1.34
Net Change in Cash 2.40 24.49 20.78 10.78
Net Cash - Beginning Balance 80.50 56.01 35.23 24.45
Net Cash - Ending Balance 82.89 80.50 56.01 35.23
Cash Interest Paid 3.07 5.77 3.36
Cash Taxes Paid 115.30 48.06 99.01

In millions of USD (except for per share items)

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