10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-13-186949 |
| Period End Date | 20130331 |
| Filing Date | 20130430 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | wso-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
61 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
|
$73.77M | 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
|
$22.03M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$377.65M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$380.92M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$546.08M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$647.08M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$16.87M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$17.94M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.02B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.07B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$42.84M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$43.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$397.26M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$395.74M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$219.50M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$214.88M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$6.77M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$7.00M | USD | Point-in-time |
| Assets, Total |
Assets
|
$1.68B | USD | Point-in-time |
| Assets, Total |
Assets
|
$1.73B | USD | Point-in-time |
| Current portion of long-term obligations |
OtherLongTermDebtCurrent
|
$4.00K | USD | Point-in-time |
| Current portion of long-term obligations |
OtherLongTermDebtCurrent
|
$4.00K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$184.96M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$217.92M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$97.40M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$91.72M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$309.64M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$282.36M | USD | Point-in-time |
| Borrowings under revolving credit agreement |
LongTermLineOfCredit
|
$322.00M | USD | Point-in-time |
| Borrowings under revolving credit agreement |
LongTermLineOfCredit
|
$316.18M | USD | Point-in-time |
| Other long-term obligations, net of current portion |
OtherLongTermDebtNoncurrent
|
$13.00K | USD | Point-in-time |
| Other long-term obligations, net of current portion |
OtherLongTermDebtNoncurrent
|
$14.00K | USD | Point-in-time |
| Total long-term obligations |
LongTermDebtNoncurrent
|
$322.02M | USD | Point-in-time |
| Total long-term obligations |
LongTermDebtNoncurrent
|
$316.20M | USD | Point-in-time |
| Deferred income taxes and other liabilities |
DeferredTaxAndOtherLiabilitiesNoncurrent
|
$61.46M | USD | Point-in-time |
| Deferred income taxes and other liabilities |
DeferredTaxAndOtherLiabilitiesNoncurrent
|
$61.47M | 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
|
$597.49M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$592.82M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-4.98M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-336.00K | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.10M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$256.22M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$251.47M | 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
|
$754.81M | USD | Point-in-time |
| Total Watsco, Inc. shareholders' equity |
StockholdersEquity
|
$748.21M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$279.35M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$273.83M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.02B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.03B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.73B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.68B | USD | Point-in-time |
Income Statement
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$713.63M | USD | 1 Quarter |
| Revenues |
Revenues
|
$633.51M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$538.19M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$482.89M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$150.62M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$175.45M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$144.89M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$130.71M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$19.91M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$30.55M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$1.18M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$888.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$29.37M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$19.02M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$8.28M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$5.53M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$21.09M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$13.49M | USD | 1 Quarter |
| Less: net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$7.70M | USD | 1 Quarter |
| Less: net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$5.03M | USD | 1 Quarter |
| Net income attributable to Watsco, Inc. |
NetIncomeLoss
|
$13.38M | USD | 1 Quarter |
| Net income attributable to Watsco, Inc. |
NetIncomeLoss
|
$8.47M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.39 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.23 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.39 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.23 | USD | 1 Quarter |
Cash Flow Statement
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$21.09M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$13.49M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.08M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.30M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$2.16M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$2.30M | USD | 1 Quarter |
| Non-cash contribution for 401(k) plan |
NonCashContributionTo401KPlan
|
$1.69M | USD | 1 Quarter |
| Non-cash contribution for 401(k) plan |
NonCashContributionTo401KPlan
|
$1.77M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$520.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$1.16M | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$148.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$50.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-769.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-424.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$12.23M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$5.38M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$67.08M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$102.12M | USD | 1 Quarter |
| Accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayable
|
$68.07M | USD | 1 Quarter |
| Accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayable
|
$57.52M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-1.23M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$600.00K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$9.45M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-17.50M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.88M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.07M | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$71.00K | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$110.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.81M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.96M | USD | 1 Quarter |
| Distributions to noncontrolling interest |
PaymentsOfDistributionsToAffiliates
|
$29.64M | USD | 1 Quarter |
| Distributions to noncontrolling interest |
PaymentsOfDistributionsToAffiliates
|
$6.63M | USD | 1 Quarter |
| Dividends on Common and Class B common stock |
PaymentsOfDividendsCommonStock
|
$8.64M | USD | 1 Quarter |
| Dividends on Common and Class B common stock |
PaymentsOfDividendsCommonStock
|
$20.47M | USD | 1 Quarter |
| Net (repayments of) proceeds from long-term obligations |
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
|
$-1.00K | USD | 1 Quarter |
| Net (repayments of) proceeds from long-term obligations |
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
|
$14.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$148.00K | USD | 1 Quarter |
| Excess tax benefits from share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$50.00K | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$497.00K | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$1.18M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-31.08M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.26M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-199.00K | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$2.38M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-51.74M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$73.77M | 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
|
$22.03M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$73.77M | 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
|
$22.03M | USD | Point-in-time |
Comprehensive Income
13 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$21.09M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$13.49M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-2.88M | USD | 1 Quarter |
| Unrealized gain on available-for-sale securities arising during the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$16.00K | USD | 1 Quarter |
| Unrealized gain on available-for-sale securities arising during the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$8.00K | USD | 1 Quarter |
| Other comprehensive (loss) income |
OtherComprehensiveIncomeLossNetOfTax
|
$16.00K | USD | 1 Quarter |
| Other comprehensive (loss) income |
OtherComprehensiveIncomeLossNetOfTax
|
$-2.88M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$18.21M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$13.51M | USD | 1 Quarter |
| Less: comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.53M | USD | 1 Quarter |
| Less: comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.03M | USD | 1 Quarter |
| Comprehensive income attributable to Watsco, Inc. |
ComprehensiveIncomeNetOfTax
|
$12.69M | USD | 1 Quarter |
| Comprehensive income attributable to Watsco, Inc. |
ComprehensiveIncomeNetOfTax
|
$8.48M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.