10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-12-220966 |
| Period End Date | 20120331 |
| Filing Date | 20120509 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | wso-20120331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 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
|
$126.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$15.67M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.06M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$35.53M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$339.38M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$327.66M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$465.35M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$532.43M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$19.49M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$21.09M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$910.96M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$828.18M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$40.73M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$39.45M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$319.44M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$319.44M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$74.75M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$75.37M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$5.71M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$4.73M | USD | Point-in-time |
| Total assets |
Assets
|
$1.27B | USD | Point-in-time |
| Total assets |
Assets
|
$1.35B | USD | Point-in-time |
| Current portion of long-term obligations |
OtherLongTermDebtCurrent
|
$19.00K | USD | Point-in-time |
| Current portion of long-term obligations |
OtherLongTermDebtCurrent
|
$16.00K | USD | Point-in-time |
| Borrowings under revolving credit agreements |
LinesOfCreditCurrent
|
$42.50M | USD | Point-in-time |
| Borrowings under revolving credit agreements |
LinesOfCreditCurrent
|
$20.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$182.46M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$127.36M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$82.36M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$75.66M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$307.34M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$223.04M | USD | Point-in-time |
| Deferred income taxes and other liabilities |
DeferredTaxAndOtherLiabilitiesNoncurrent
|
$43.31M | USD | Point-in-time |
| Deferred income taxes and other liabilities |
DeferredTaxAndOtherLiabilitiesNoncurrent
|
$43.40M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock, $0.50 par value |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, $0.50 par value |
PreferredStockValue
|
- | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$498.68M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$493.52M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-352.00K | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-336.00K | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$404.36M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$392.36M | 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
|
$796.01M | USD | Point-in-time |
| Total Watsco, Inc. shareholders' equity |
StockholdersEquity
|
$802.79M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$203.95M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$198.92M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.00B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$999.96M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.35B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.27B | USD | Point-in-time |
Income Statement
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$633.51M | USD | 1 Quarter |
| Revenues |
Revenues
|
$534.34M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$399.35M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$482.89M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$134.99M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$150.62M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$130.71M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$118.28M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$19.91M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$16.71M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$822.00K | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$888.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$19.02M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$15.89M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$4.77M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$5.53M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$13.49M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$11.12M | USD | 1 Quarter |
| Less: net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$5.03M | USD | 1 Quarter |
| Less: net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.62M | USD | 1 Quarter |
| Net income attributable to Watsco, Inc. |
NetIncomeLoss
|
$8.47M | USD | 1 Quarter |
| Net income attributable to Watsco, Inc. |
NetIncomeLoss
|
$7.50M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.23 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.21 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.23 | 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
|
$13.49M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$11.12M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.08M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.62M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.50M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$2.16M | USD | 1 Quarter |
| Non-cash contribution for 401(k) plan |
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
$1.77M | USD | 1 Quarter |
| Non-cash contribution for 401(k) plan |
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
$1.72M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$520.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$915.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$148.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$725.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$601.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$424.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$12.23M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-21.21M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$110.91M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$67.08M | USD | 1 Quarter |
| Accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayable
|
$28.92M | USD | 1 Quarter |
| Accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayable
|
$68.07M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$1.90M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$600.00K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$9.45M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-44.93M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.88M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.69M | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$71.00K | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$57.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.64M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.81M | USD | 1 Quarter |
| Dividends on Common and Class B common stock |
PaymentsOfDividendsCommonStock
|
$16.94M | USD | 1 Quarter |
| Dividends on Common and Class B common stock |
PaymentsOfDividendsCommonStock
|
$20.47M | USD | 1 Quarter |
| Distributions to noncontrolling interest |
CashDistributionsToNoncontrollingInterest
|
$12.93M | USD | 1 Quarter |
| Distributions to noncontrolling interest |
CashDistributionsToNoncontrollingInterest
|
$6.63M | USD | 1 Quarter |
| Return of capital contribution to noncontrolling interest |
PaymentsToMinorityShareholders
|
$32.00M | USD | 1 Quarter |
| Net proceeds from (repayments of) long-term obligations |
RepaymentsOfOtherLongTermDebt
|
$-14.00K | USD | 1 Quarter |
| Net proceeds from (repayments of) long-term obligations |
RepaymentsOfOtherLongTermDebt
|
$11.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$148.00K | 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
|
$1.18M | USD | 1 Quarter |
| Net borrowings under revolving credit agreements |
ProceedsFromRepaymentsOfLinesOfCredit
|
$22.50M | USD | 1 Quarter |
| Net borrowings under revolving credit agreements |
ProceedsFromRepaymentsOfLinesOfCredit
|
$14.10M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.26M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-44.40M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$2.38M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-90.96M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$126.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.67M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.06M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$35.53M | 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
|
$15.67M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.06M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$35.53M | USD | Point-in-time |
Comprehensive Income
13 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$13.49M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$11.12M | USD | 1 Quarter |
| Unrealized gain on derivative instrument arising during the period |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$71.00K | USD | 1 Quarter |
| Unrealized gain on available-for-sale securities arising during the period |
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
|
$7.00K | USD | 1 Quarter |
| Unrealized gain on available-for-sale securities arising during the period |
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
|
$16.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$78.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$16.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$13.51M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$11.20M | USD | 1 Quarter |
| Less: comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$3.62M | USD | 1 Quarter |
| Less: comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.03M | USD | 1 Quarter |
| Comprehensive income attributable to Watsco, Inc. |
ComprehensiveIncomeNetOfTax
|
$8.48M | USD | 1 Quarter |
| Comprehensive income attributable to Watsco, Inc. |
ComprehensiveIncomeNetOfTax
|
$7.58M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.