Watsco was founded in 1947 and is headquartered in Miami, US

Watsco has an office in Miami

Miami, US (HQ)

901 2665 S Bayshore Dr

Watsco's revenue was reported to be $4.2 b in FY, 2016 which is a **3% increase** from the previous period.

USD

## Revenue (FY, 2016) | 4.2 b |

## Revenue growth (FY, 2015 - FY, 2016), % | 3% |

## Gross profit (FY, 2016) | 1 b |

## Gross profit margin (FY, 2016), % | 25% |

## Net income (FY, 2016) | 236 m |

## EBIT (FY, 2016) | 345.6 m |

## Market capitalization (18-Aug-2017) | 5.2 b |

## Cash (31-Mar-2017) | 47.4 m |

Watsco's current market capitalization is $5.2 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 3.7 b | 3.9 b | 4.1 b | 4.2 b |

## Revenue growth, % | 5% | 4% | 3% | |

## Cost of goods sold | 3.1 b | 3.2 b | ||

## Gross profit | 899.3 m | 956.4 m | 1 b | 1 b |

## Gross profit Margin, % | 24% | 24% | 24% | 25% |

## General and administrative expense | 689 m | |||

## Operating expense total | 689 m | |||

## EBIT | 271.2 m | 305.7 m | 336.7 m | 345.6 m |

## EBIT margin, % | 7% | 8% | 8% | 8% |

## Interest expense | 5.5 m | 3.7 m | ||

## Pre tax profit | 331.2 m | 341.9 m | ||

## Income tax expense | 104.7 m | 105.9 m | ||

## Net Income | 187.7 m | 208.7 m | 226.5 m | 236 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 19.5 m | 24.4 m | 35.2 m | 56 m |

## Accounts Receivable | 399.6 m | 434.2 m | 451.1 m | 476 m |

## Inventories | 583.2 m | 678 m | 674 m | 685 m |

## Current Assets | 1 b | 1.2 b | 1.2 b | 1.2 b |

## PP&E | 45.4 m | 53.5 m | 62.7 m | 90.5 m |

## Goodwill | 392.6 m | 387.3 m | 378.3 m | 379.7 m |

## Total Assets | 1.7 b | 1.8 b | 1.8 b | 1.9 b |

## Accounts Payable | 141.1 m | 173.4 m | 145.2 m | 185.5 m |

## Current Liabilities | 243.5 m | 287 m | 270.3 m | 314.9 m |

## Additional Paid-in Capital | 606.4 m | 580.6 m | 602.5 m | 592.4 m |

## Retained Earnings | 339.4 m | 420.9 m | 495.3 m | 550.5 m |

## Total Equity | 1.1 b | 1.1 b | 1.2 b | 1.3 b |

## Financial Leverage | 1.5 x | 1.6 x | 1.5 x | 1.5 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 16.9 m | 16.7 m | 16.3 m | 21.9 m | 28.5 m | 32.9 m | 30.5 m | 35.9 m | 47.4 m |

## Accounts Receivable | 549.9 m | 502.5 m | 436.5 m | 599.1 m | 510 m | 464.2 m | 606.5 m | 548 m | 481.6 m |

## Inventories | 760 m | 729.9 m | 800.9 m | 799 m | 751.9 m | 746.1 m | 749.3 m | 739.7 m | 751.5 m |

## Current Assets | 1.3 b | 1.3 b | 1.3 b | 1.4 b | 1.3 b | 1.3 b | 1.4 b | 1.3 b | 1.3 b |

## PP&E | 45.1 m | 45.4 m | 53.1 m | 61 m | 63.3 m | 61.9 m | 60.3 m | 59.7 m | 90.5 m |

## Goodwill | 392.4 m | 389.4 m | 382.5 m | 383.3 m | 380 m | 381.2 m | 381.5 m | 380.8 m | 380.2 m |

## Total Assets | 2 b | 1.9 b | 1.9 b | 2.1 b | 1.9 b | 1.9 b | 2 b | 2 b | 1.9 b |

## Accounts Payable | 269 m | 224.3 m | 238.3 m | 243.5 m | 200.6 m | 222.5 m | 273.3 m | 229.7 m | 259.7 m |

## Current Liabilities | 385.7 m | 340.8 m | 356.1 m | 371.9 m | 331 m | 347.3 m | 406.5 m | 358.1 m | 378.9 m |

## Additional Paid-in Capital | 616 m | 576.3 m | 588.1 m | 593 m | 597.5 m | 610.3 m | 610.3 m | 614.8 m | 575 m |

## Retained Earnings | 384.3 m | 417.8 m | 419.4 m | 460.2 m | 493.5 m | 490.8 m | 525.3 m | 558.2 m | 539.3 m |

## Total Equity | 1.2 b | 1.1 b | 1.1 b | 1.2 b | 1.2 b | 1.2 b | 1.3 b | 1.3 b | 1.2 b |

## Financial Leverage | 1.7 x | 1.7 x | 1.7 x | 1.7 x | 1.6 x | 1.5 x | 1.6 x | 1.5 x | 1.6 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 187.7 m | 208.7 m | 226.5 m | 236 m |

## Depreciation and Amortization | 17.7 m | 17.9 m | 19.1 m | 20.1 m |

## Accounts Receivable | (26 m) | (41 m) | (26 m) | (26.9 m) |

## Inventories | (41 m) | (99 m) | (3.7 m) | (9.7 m) |

## Accounts Payable | (7.3 m) | 45.2 m | (13.2 m) | 39.8 m |

## Cash From Operating Activities | 150.3 m | 145 m | 221.4 m | 277.8 m |

## Capital Expenditures | (14.6 m) | (21.5 m) | (23.7 m) | (43.6 m) |

## Cash From Investing Activities | (14.3 m) | (19.1 m) | (22.9 m) | (42.8 m) |

## Cash From Financing Activities | (189 m) | (120.2 m) | (186.3 m) | (213.9 m) |

## Free Cash Flow | 164.8 m | 166.5 m | 245.1 m | 234.2 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Accounts Receivable | 549.9 m | 502.5 m | 436.5 m | 599.1 m | 510 m | 464.2 m | 606.5 m | 548 m | 481.6 m |

## Inventories | 760 m | 729.9 m | 800.9 m | 799 m | 751.9 m | 746.1 m | 749.3 m | 739.7 m | 751.5 m |

## Accounts Payable | 269 m | 224.3 m | 238.3 m | 243.5 m | 200.6 m | 222.5 m | 273.3 m | 229.7 m | 259.7 m |

Y, 2017 | |
---|---|

## Financial Leverage | 1.6 x |