10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-11-133933 |
| Period End Date | 20110331 |
| Filing Date | 20110510 |
| Fiscal Year | 2011 |
| Fiscal Period | Q1 |
| XBRL Instance | wso-20110331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.50 | USD | Point-in-time |
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.50 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$58.09M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$126.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$35.53M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$74.10M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$282.96M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$305.09M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$502.83M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$391.93M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$16.96M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$14.49M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$838.29M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$838.00M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$30.43M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$31.22M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$303.70M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$303.70M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$56.13M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$56.63M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$7.67M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$7.12M | USD | Point-in-time |
| Assets, total |
Assets
|
$1.24B | USD | Point-in-time |
| Assets, total |
Assets
|
$1.24B | USD | Point-in-time |
| Current portion of long-term obligations |
LongTermDebtCurrent
|
$72.00K | USD | Point-in-time |
| Current portion of long-term obligations |
LongTermDebtCurrent
|
$61.00K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$182.19M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$212.91M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$83.75M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$71.81M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$266.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$284.77M | USD | Point-in-time |
| Borrowings under revolving credit agreements |
LongTermLineOfCredit
|
$24.10M | USD | Point-in-time |
| Borrowings under revolving credit agreements |
LongTermLineOfCredit
|
$10.00M | USD | Point-in-time |
| Other long-term obligations, net of current portion |
OtherLongTermDebtNoncurrent
|
$16.00K | USD | Point-in-time |
| Other long-term obligations, net of current portion |
OtherLongTermDebtNoncurrent
|
$16.00K | USD | Point-in-time |
| Total long-term obligations |
LongTermDebtNoncurrent
|
$24.12M | USD | Point-in-time |
| Total long-term obligations |
LongTermDebtNoncurrent
|
$10.02M | USD | Point-in-time |
| Deferred income taxes and other liabilities |
DeferredTaxLiabilitiesAndOtherLiabilities
|
$32.30M | USD | Point-in-time |
| Deferred income taxes and other liabilities |
DeferredTaxLiabilitiesAndOtherLiabilities
|
$32.31M | USD | Point-in-time |
| Preferred stock, $.50 par value |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, $.50 par value |
PreferredStockValue
|
- | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$472.88M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$479.24M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-593.00K | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-515.00K | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$377.75M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$387.19M | USD | Point-in-time |
| Treasury stock, at cost |
TreasuryStockValue
|
$114.42M | USD | Point-in-time |
| Treasury stock, at cost |
TreasuryStockValue
|
$114.42M | USD | Point-in-time |
| Total Watsco, Inc. shareholders' equity |
StockholdersEquity
|
$761.69M | USD | Point-in-time |
| Total Watsco, Inc. shareholders' equity |
StockholdersEquity
|
$764.46M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$132.80M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$164.44M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$894.49M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$928.90M | USD | Point-in-time |
| Liabilities and shareholders' equity, total |
LiabilitiesAndStockholdersEquity
|
$1.24B | USD | Point-in-time |
| Liabilities and shareholders' equity, total |
LiabilitiesAndStockholdersEquity
|
$1.24B | USD | Point-in-time |
Income Statement
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$534.34M | USD | 1 Quarter |
| Revenues |
Revenues
|
$509.75M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$387.15M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$399.35M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$134.99M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$122.60M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$113.74M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$118.28M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$8.87M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$16.71M | USD | 1 Quarter |
| Interest expense, net |
InterestExpenseNet
|
$897.00K | USD | 1 Quarter |
| Interest expense, net |
InterestExpenseNet
|
$822.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$7.97M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$15.89M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$4.77M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$2.49M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$5.47M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$11.12M | USD | 1 Quarter |
| Less: net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.62M | USD | 1 Quarter |
| Less: net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.64M | USD | 1 Quarter |
| Net income attributable to Watsco, Inc. |
NetIncomeLoss
|
$3.83M | USD | 1 Quarter |
| Net income attributable to Watsco, Inc. |
NetIncomeLoss
|
$7.50M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.21 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.21 | USD | 1 Quarter |
Cash Flow Statement
55 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$5.47M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$11.12M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.62M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.60M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.50M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.48M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$915.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$2.04M | USD | 1 Quarter |
| Loss (gain) on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-299.00K | USD | 1 Quarter |
| Loss (gain) on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$400.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$1.97M | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$725.00K | USD | 1 Quarter |
| Other, net |
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
$612.00K | USD | 1 Quarter |
| Other, net |
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
$2.02M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-21.21M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-6.72M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$110.91M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$48.16M | USD | 1 Quarter |
| Accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayable
|
$23.20M | USD | 1 Quarter |
| Accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayable
|
$28.92M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$2.57M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-1.90M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-5.83M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-44.93M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.69M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.71M | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$57.00K | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.04M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$334.00K | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.64M | USD | 1 Quarter |
| Return of capital contribution to noncontrolling interest |
PaymentsToMinorityShareholders
|
$32.00M | USD | 1 Quarter |
| Dividends on Common and Class B common stock |
PaymentsOfDividendsCommonStock
|
$15.49M | USD | 1 Quarter |
| Dividends on Common and Class B common stock |
PaymentsOfDividendsCommonStock
|
$16.94M | USD | 1 Quarter |
| Distributions to noncontrolling interest |
CashDistributionToNoncontrollingInterest
|
$12.93M | USD | 1 Quarter |
| Distributions to noncontrolling interest |
CashDistributionToNoncontrollingInterest
|
$1.80M | USD | 1 Quarter |
| Net repayments of other long-term obligations |
RepaymentsOfOtherLongTermDebt
|
$11.00K | USD | 1 Quarter |
| Net repayments of other long-term obligations |
RepaymentsOfOtherLongTermDebt
|
$56.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$1.97M | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$725.00K | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$2.65M | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$2.64M | USD | 1 Quarter |
| Net proceeds under revolving credit agreements |
ProceedsFromRepaymentsOfLinesOfCredit
|
$34.24M | USD | 1 Quarter |
| Net proceeds under revolving credit agreements |
ProceedsFromRepaymentsOfLinesOfCredit
|
$14.10M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-44.40M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$21.50M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-90.96M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$16.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$58.09M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$126.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$35.53M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$74.10M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$58.09M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$126.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$35.53M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$74.10M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.