Watsco (WSO) stock price, revenue, and financials

Watsco market cap is $8.8 b, and annual revenue was $4.77 b in FY 2019

$8.8 B

WSO Mkt cap, 23-Sept-2020

$1.4 B

Watsco Revenue Q2, 2020
Watsco Gross profit (Q2, 2020)319.2 M
Watsco Gross profit margin (Q2, 2020), %23.6%
Watsco Net income (Q2, 2020)104.2 M
Watsco EBIT (Q2, 2020)129.2 M
Watsco Cash, 30-Jun-202079.6 M
Watsco EV9.1 B

Watsco Revenue Breakdown

Embed Graph

Watsco revenue breakdown by geographic segment: 6.2% from Canada, 90.3% from United States and 3.5% from Other

Watsco Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.7b3.9b4.1b4.2b4.3b4.5b4.8b

Revenue growth, %

5%4%3%3%

Cost of goods sold

3.1b3.2b3.3b3.4b3.6b

Gross profit

1.0b1.0b1.1b1.1b1.2b

Gross profit Margin, %

24%25%25%25%24%

General and administrative expense

670.6m689.0m715.7m757.5m800.3m

Operating expense total

670.6m689.0m711.8m748.2m790.1m

EBIT

271.2m305.7m336.7m345.6m353.9m372.1m366.9m

EBIT margin, %

7%8%8%8%8%8%8%

Interest expense

5.5m3.7m6.4m

Investment income

9.3m10.3m

Pre tax profit

331.2m341.9m347.5m369.3m362.9m

Income tax expense

104.7m105.9m90.2m72.8m67.1m

Net Income

187.7m208.7m226.5m236.0m257.3m242.9m246.0m

Quarterly

USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.2b926.6m2.3b1.3b931.3m1.4b1.4b1.0b1.4b

Cost of goods sold

933.7m695.7m1.7b977.0m697.5m1.0b1.1b760.5m1.0b

Gross profit

295.9m230.8m551.6m319.0m233.8m328.0m334.7m247.6m319.2m

Gross profit Margin, %

24%25%24%25%25%24%24%25%24%

General and administrative expense

183.7m178.5m365.1m200.4m180.1m196.5m212.9m203.4m194.1m

Operating expense total

181.4m178.5m365.1m196.7m178.6m193.6m209.4m202.4m190.0m

EBIT

114.5m53.9m191.3m122.3m55.1m134.4m125.3m45.2m129.2m

EBIT margin, %

9%6%8%9%6%10%9%4%10%

Interest expense

2.1m565.0k1.3m1.0m776.0k1.2m1.4m790.0k283.0k

Investment income

2.3m3.7m1.4m3.0m3.5m1.0m4.1m

Pre tax profit

112.3m53.4m190.0m121.3m54.4m133.2m123.9m44.5m129.0m

Income tax expense

32.3m11.0m39.3m24.4m10.6m25.3m24.2m8.2m24.7m

Net Income

65.0m42.4m150.6m79.2m35.0m90.2m83.5m36.2m104.2m

Watsco Balance Sheet

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

126.5m15.7m73.8m19.5m24.4m35.2m56.0m80.5m82.9m74.5m

Accounts Receivable

305.1m327.7m377.7m399.6m434.2m451.1m476.0m478.1m501.9m533.8m

Prepaid Expenses

14.5m19.5m17.9m19.9m17.7m

Inventories

391.9m465.3m546.1m583.2m678.0m674.0m685.0m761.3m837.1m920.8m

Current Assets

838.0m828.2m1.0b1.0b1.2b1.2b1.2b1.3b1.4b1.5b

PP&E

31.2m39.5m42.8m45.4m53.5m62.7m90.5m91.2m91.0m98.5m

Goodwill

303.7m319.4m397.3m392.6m387.3m378.3m379.7m382.7m392.0m411.2m

Total Assets

1.2b1.3b1.7b1.7b1.8b1.8b1.9b2.0b2.2b2.6b

Accounts Payable

182.2m127.4m185.0m141.1m173.4m145.2m185.5m230.5m200.2m239.7m

Short-term debt

72.0k20.0m4.0k200.0k244.0k246.0k69.4m

Current Liabilities

266.0m223.0m282.4m243.5m287.0m270.3m314.9m416.5m357.6m461.7m

Long-term debt

10.0m316.2m235.6m22.1m271.5m624.0m

Total Debt

10.1m20.0m316.2m235.8m22.3m271.8m693.4m

Common Stock

34.7m

Additional Paid-in Capital

472.9m493.5m592.8m606.4m580.6m602.5m592.4m804.0m832.1m907.9m

Retained Earnings

387.2m404.4m251.5m339.4m420.9m495.3m550.5m594.6m628.0m632.5m

Total Equity

928.9m1.0b1.0b1.1b1.1b1.2b1.3b1.6b1.6b1.7b

Debt to Equity Ratio

0.2 x0 x

Debt to Assets Ratio

0.1 x0 x

Financial Leverage

1.3 x1.3 x1.6 x1.5 x1.6 x1.5 x1.5 x1.3 x1.3 x1.5 x

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

87.8m99.9m35.5m18.6m21.0m18.1m35.2m46.0m22.0m25.5m29.2m19.5m16.9m16.7m16.3m21.9m28.5m32.9m30.5m35.9m47.4m51.0m66.7m58.1m72.0m67.6m77.3m55.9m60.2m51.2m79.6m

Accounts Receivable

385.5m338.0m283.0m435.0m404.7m339.4m509.6m455.7m380.9m525.6m466.3m394.9m549.9m502.5m436.5m599.1m510.0m464.2m606.5m548.0m481.6m613.2m568.5m486.7m659.9m602.8m504.7m655.4m640.8m574.8m676.6m

Prepaid Expenses

19.8m22.1m17.0m16.3m27.5m21.1m20.3m21.3m16.9m17.8m20.6m14.8m16.4m19.4m

Inventories

522.5m456.8m502.8m612.7m540.5m532.4m672.4m618.1m647.1m692.0m643.9m707.8m760.0m729.9m800.9m799.0m751.9m746.1m749.3m739.7m751.5m770.0m786.1m810.0m872.9m810.9m893.6m967.4m970.5m942.8m854.4m

Current Assets

1.0b916.7m838.3m1.1b993.7m911.0m1.2b1.1b1.1b1.3b1.2b1.1b1.3b1.3b1.3b1.4b1.3b1.3b1.4b1.3b1.3b1.5b1.4b1.4b1.6b1.5b1.5b1.7b1.7b1.6b1.6b

PP&E

31.4m31.0m30.4m36.2m37.3m40.7m43.4m42.7m43.0m43.9m44.9m44.1m45.1m45.4m53.1m61.0m63.3m61.9m60.3m59.7m90.5m92.3m90.2m91.3m91.3m93.2m95.6m97.9m97.4m97.1m

Goodwill

304.2m303.7m303.7m316.1m318.4m319.4m387.0m385.8m395.7m393.3m394.7m390.1m392.4m389.4m382.5m383.3m380.0m381.2m381.5m380.8m380.2m381.2m383.0m381.6m380.7m397.5m393.5m398.6m407.0m407.0m408.8m

Total Assets

1.4b1.3b1.2b1.5b1.4b1.4b1.9b1.8b1.7b1.9b1.8b1.8b2.0b1.9b1.9b2.1b1.9b1.9b2.0b2.0b1.9b2.2b2.1b2.1b2.3b2.2b2.4b2.6b2.7b2.6b2.6b

Accounts Payable

344.8m235.6m212.9m349.4m171.4m182.5m272.4m219.6m217.9m242.9m198.3m260.7m269.0m224.3m238.3m243.5m200.6m222.5m273.3m229.7m259.7m286.4m296.3m245.4m358.1m234.5m278.6m356.1m311.3m311.6m377.4m

Short-term debt

153.0k129.0k61.0k41.0k115.0m42.5m13.0k7.0k4.0k4.0k2.4m793.0k1.6m1.7m1.5m116.6m60.8m60.8m67.6m

Current Liabilities

448.4m328.9m284.8m445.3m383.1m307.3m381.3m328.2m309.6m361.8m311.8m353.2m385.7m340.8m356.1m371.9m331.0m347.3m406.5m358.1m378.9m424.4m460.4m377.7m522.9m508.8m469.8m580.5m542.3m520.5m638.9m

Long-term debt

20.6m22.7m24.1m65.0m7.0k235.6m202.2m322.0m398.3m169.0k527.5m701.9m657.3m620.6m385.8m

Total Debt

20.7m22.8m24.2m65.1m115.0m42.5m235.7m202.2m322.0m398.3m2.4m793.0k1.6m1.7m1.5m116.7m2.3m762.7m724.9m620.6m385.8m

Preferred Stock

Additional Paid-in Capital

468.2m468.9m479.2m488.2m490.0m498.7m595.3m589.3m597.5m599.7m603.6m613.3m616.0m576.3m588.1m593.0m597.5m610.3m610.3m614.8m575.0m575.7m582.8m814.7m817.6m829.1m841.6m828.9m894.9m920.2m928.8m

Retained Earnings

379.0m393.6m377.7m395.0m409.8m392.4m410.9m430.6m256.2m298.9m335.9m342.2m384.3m417.8m419.4m460.2m493.5m490.8m525.3m558.2m539.3m575.6m596.0m581.9m617.7m642.6m603.0m633.0m656.2m601.8m620.3m

Total Equity

919.8m936.7m894.5m971.4m1.0b1.0b1.2b1.2b1.0b1.1b1.2b1.1b1.2b1.1b1.1b1.2b1.2b1.2b1.3b1.3b1.2b1.3b1.3b1.5b1.6b1.7b1.6b1.6b1.8b1.7b1.7b

Debt to Equity Ratio

0 x0 x0 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x

Financial Leverage

1.5 x1.4 x1.4 x1.6 x1.4 x1.4 x1.5 x1.5 x1.7 x1.8 x1.6 x1.6 x1.7 x1.7 x1.7 x1.7 x1.6 x1.5 x1.6 x1.5 x1.6 x1.7 x1.6 x1.3 x1.5 x1.3 x1.5 x1.6 x1.5 x1.5 x1.5 x

Watsco Cash Flow

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

80.8m90.5m103.3m187.7m208.7m226.5m236.0m257.3m296.5m295.8m

Depreciation and Amortization

10.8m11.7m15.9m17.7m17.9m19.1m20.1m22.0m22.1m24.5m

Accounts Receivable

(41.2m)12.0m(5.8m)(26.0m)(41.0m)(26.1m)(26.9m)(1.7m)(28.8m)8.5m

Inventories

21.4m(22.5m)(26.7m)(41.0m)(99.0m)(3.7m)(9.7m)(73.4m)(79.0m)(15.5m)

Accounts Payable

28.1m(98.6m)11.9m(7.3m)45.2m(11.8m)43.7m100.0m(57.4m)12.7m

Cash From Operating Activities

152.8m61.5m173.3m150.3m145.0m222.8m281.7m306.5m170.6m335.8m

Purchases of PP&E

(8.4m)(13.9m)(12.3m)(17.2m)(17.8m)

Capital Expenditures

(14.6m)(21.5m)(23.7m)(43.6m)(17.9m)

Cash From Investing Activities

(10.1m)(56.6m)(92.3m)(14.3m)(19.1m)(22.9m)(42.8m)(81.3m)(26.3m)(81.0m)

Short-term Borrowings

(10.0m)

Long-term Borrowings

(2.8m)(56.4m)(10.2m)(213.5m)

Dividends Paid

(66.0m)(73.3m)(256.2m)(98.5m)(127.6m)(164.1m)(209.2m)(241.4m)

Cash From Financing Activities

(74.3m)(115.6m)(23.1m)(189.0m)(120.2m)(187.8m)(217.9m)(202.1m)(139.6m)(264.0m)

Net Change in Cash

68.4m(110.8m)58.1m10.8m20.8m24.5m2.4m(8.4m)

Interest Paid

1.9m2.8m

Income Taxes Paid

45.1m46.8m

Free Cash Flow

135.7m123.5m199.2m238.2m288.6m

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

38.9m70.3m7.5m43.5m77.1m8.5m47.6m88.6m13.4m64.7m110.4m16.8m99.9m42.4m150.6m203.3m35.0m125.2m208.7m30.5m117.1m

Depreciation and Amortization

5.1m7.7m2.6m5.5m8.5m3.1m6.9m11.3m4.3m8.7m13.2m4.4m10.9m5.5m11.0m16.5m5.8m11.7m18.0m6.5m12.9m

Accounts Receivable

(120.5m)(73.0m)21.2m(104.8m)(62.5m)(12.2m)(137.9m)(81.8m)(5.4m)(150.6m)(90.2m)2.0m549.9m502.5m436.5m599.1m510.0m464.2m606.5m548.0m481.6m(135.0m)568.5m(10.1m)(183.1m)(126.2m)(2.3m)(146.4m)(102.8m)(46.5m)(146.5m)

Inventories

(109.2m)(43.4m)(110.9m)(181.8m)(96.6m)(67.1m)(154.2m)(98.0m)(102.1m)(148.9m)(99.7m)(126.3m)760.0m729.9m800.9m799.0m751.9m746.1m749.3m739.7m751.5m(83.5m)786.1m(49.9m)(113.8m)(50.6m)(55.6m)(117.6m)(74.4m)(27.3m)63.4m

Accounts Payable

221.5m100.8m28.9m169.2m(26.8m)68.1m143.0m87.7m57.5m110.8m60.3m112.3m269.0m224.3m238.3m243.5m200.6m222.5m273.3m229.7m259.7m104.6m296.3m(36.6m)107.9m(23.3m)55.4m161.7m99.6m66.0m183.0m

Cash From Operating Activities

56.8m96.7m(44.9m)(42.2m)(58.7m)9.5m(59.6m)64.4m(17.5m)(76.9m)51.2m24.9m32.2m(41.6m)(19.3m)70.1m52.9m68.4m197.5m41.9m261.3m

Purchases of PP&E

(3.8m)(5.5m)(1.7m)(5.7m)(9.2m)(3.9m)(6.9m)(9.2m)(3.1m)(7.0m)(10.9m)(1.7m)(10.3m)(12.9m)(4.1m)(9.2m)(14.0m)(3.9m)(8.0m)

Capital Expenditures

(3.5m)(8.8m)

Cash From Investing Activities

(4.2m)(7.3m)(1.6m)(41.1m)(53.5m)(3.8m)(88.9m)(141.2m)(3.0m)(6.8m)(10.7m)(1.7m)(73.8m)(3.4m)(8.7m)(22.3m)(4.1m)(30.8m)(65.0m)(3.8m)(8.0m)

Short-term Borrowings

(22.5m)2.6m(1.7m)(94.6m)(2.3m)(84.4m)(34.1m)(443.0k)122.3m

Dividends Paid

(32.3m)(49.2m)(16.9m)(35.7m)(54.5m)(20.5m)(41.0m)(62.4m)(8.6m)(17.3m)(26.0m)(13.9m)(74.8m)(155.0m)(60.0m)(120.2m)(180.5m)(61.2m)(129.3m)

Cash From Financing Activities

(23.0m)(47.6m)(44.4m)(24.6m)6.7m(3.3m)168.0m106.7m(31.1m)36.3m(84.7m)(23.1m)35.9m23.3m20.8m(59.8m)(54.9m)(65.3m)(155.7m)(59.4m)(247.3m)

Net Change in Cash

29.7m41.8m(91.0m)(107.9m)(105.5m)2.4m19.5m30.3m(51.7m)(48.2m)(44.5m)(21.0k)(5.0m)(12.9m)(5.6m)(27.0m)(22.7m)(23.2m)5.1m

Free Cash Flow

(45.1m)(28.1m)

Watsco Ratios

USDQ2, 2010

Financial Leverage

1.5 x

Watsco Employee Rating

3.928 votes
Culture & Values
3.5
Work/Life Balance
3.8
Senior Management
3.7
Salary & Benefits
3.4
Career Opportunities
3.8
Source