10-Q Filing

WATSCO INC CIK: 105016 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001193125-20-211460`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	d935713d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 58 Cash Flow Statement 64 Stockholders Equity 48 Comprehensive Income 36

Balance Sheet 71 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`	$79.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.45M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$676.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$533.81M	USD	Point-in-time
Inventories	`InventoryNet`	$854.37M	USD	Point-in-time
Inventories	`InventoryNet`	$920.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.68M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.55B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.63B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.52M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.14M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$226.54M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$223.37M	USD	Point-in-time
Goodwill	`Goodwill`	$408.77M	USD	Point-in-time
Goodwill	`Goodwill`	$411.22M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$172.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$163.64M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$94.83M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$99.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.21M	USD	Point-in-time
Total assets	`Assets`	$2.64B	USD	Point-in-time
Total assets	`Assets`	$2.56B	USD	Point-in-time
Current portion of lease liabilities	`LeaseLiabilityCurrent`	$69.42M	USD	Point-in-time
Current portion of lease liabilities	`LeaseLiabilityCurrent`	$69.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$239.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$377.44M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$152.63M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$191.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$461.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$638.86M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	$155.70M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	$33.36M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$157.21M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$154.27M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$2.01M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$2.31M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$311.98M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$192.89M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$68.90M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$67.70M	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	`AdditionalPaidInCapitalCommonStock`	$907.88M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$928.85M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.27M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-40.15M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$632.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$620.27M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$87.44M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$87.44M	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$299.04M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$279.34M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.63B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.56B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.64B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.37B	USD	1 Quarter
Revenues	`Revenues`	$1.36B	USD	1 Quarter
Revenues	`Revenues`	$2.30B	USD	2 Qtrs
Revenues	`Revenues`	$2.36B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.04B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.80B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.04B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.74B	USD	2 Qtrs
Gross profit	`GrossProfit`	$319.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$561.74M	USD	2 Qtrs
Gross profit	`GrossProfit`	$327.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$566.81M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$194.05M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$376.62M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$397.44M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$196.55M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$2.96M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$4.41M	USD	2 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$5.12M	USD	2 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$4.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$129.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$189.53M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$174.49M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$134.40M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.07M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.99M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.21M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-283.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$173.42M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$187.54M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.19M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$128.97M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$35.83M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$32.93M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$24.72M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$25.28M	USD	1 Quarter
Net income	`ProfitLoss`	$151.71M	USD	2 Qtrs
Net income	`ProfitLoss`	$107.91M	USD	1 Quarter
Net income	`ProfitLoss`	$43.80M	USD	1 Quarter
Net income	`ProfitLoss`	$140.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$23.41M	USD	2 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$17.75M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$17.66M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$26.52M	USD	2 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$86.58M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$125.19M	USD	2 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$117.08M	USD	2 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$90.16M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.26	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.40	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.34	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$3.03	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.34	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.02	USD	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$151.71M	USD	2 Qtrs
Net income	`ProfitLoss`	$107.91M	USD	1 Quarter
Net income	`ProfitLoss`	$43.80M	USD	1 Quarter
Net income	`ProfitLoss`	$140.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.66M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.90M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$8.17M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$10.14M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$1.68M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$1.16M	USD	2 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$2.96M	USD	1 Quarter
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$4.41M	USD	2 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$5.12M	USD	2 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$4.10M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-5.64M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-6.47M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$146.51M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$146.44M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-63.43M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$117.59M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$182.96M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$161.69M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.14M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.18M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$261.25M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$68.45M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.20M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.02M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.76M	USD	2 Qtrs
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	$4.94M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$92.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$37.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.98M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.81M	USD	2 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$120.18M	USD	2 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$129.31M	USD	2 Qtrs
Net (repayments) proceeds under revolving credit agreement	`ProceedsFromRepaymentsOfLinesOfCredit`	$-122.34M	USD	2 Qtrs
Net (repayments) proceeds under revolving credit agreement	`ProceedsFromRepaymentsOfLinesOfCredit`	$84.40M	USD	2 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$983.00K	USD	2 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.03M	USD	2 Qtrs
Net repayments of long-term obligations	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-651.00K	USD	2 Qtrs
Net repayments of long-term obligations	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-230.00K	USD	2 Qtrs
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	$189.00K	USD	2 Qtrs
Purchase of additional ownership from non-controlling interest	`PaymentsToAcquireAdditionalInterestsInSubsidiaries`	$32.40M	USD	2 Qtrs
Proceeds from non-controlling interest for investment in unconsolidated entity	`ProceedsFromMinorityShareholders`	$988.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$6.23M	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.08M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-65.33M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-247.30M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-855.00K	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$707.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-26.98M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.12M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$79.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$82.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.45M	USD	Point-in-time
Common stock issued for Dunphey & Associates Supply Co., Inc.	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$7.45M	USD	2 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$1.60	USD	1 Quarter
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$1.77	USD	1 Quarter
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$1.60	USD	1 Quarter
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$1.60	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.63B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Net income	`ProfitLoss`	$151.71M	USD	2 Qtrs
Net income	`ProfitLoss`	$107.91M	USD	1 Quarter
Net income	`ProfitLoss`	$43.80M	USD	1 Quarter
Net income	`ProfitLoss`	$140.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-10.92M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-19.28M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.65M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.36M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.85M	USD	2 Qtrs
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.27M	USD	1 Quarter
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.54M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$4.54M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$1.12M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$1.95M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$2.54M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.10M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$428.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$791.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$555.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.23M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.54M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.32M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.10M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$60.21M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$61.24M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$68.08M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$59.97M	USD	1 Quarter
Investment in unconsolidated entity	`ContributionFromNonControllingInterestForInvestmentInUnconsolidatedEntity`	$-988.00K	USD	1 Quarter
Decrease in non-controlling interest in Carrier Enterprise II	`MinorityInterestDecreaseFromRedemptions`	$32.40M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.63B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$151.71M	USD	2 Qtrs
Net income	`ProfitLoss`	$107.91M	USD	1 Quarter
Net income	`ProfitLoss`	$43.80M	USD	1 Quarter
Net income	`ProfitLoss`	$140.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-12.11M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.30M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.30M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.82M	USD	1 Quarter
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.05M	USD	2 Qtrs
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.17M	USD	1 Quarter
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.36M	USD	2 Qtrs
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-517.00K	USD	1 Quarter
Reclassification of gain on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$297.00K	USD	1 Quarter
Reclassification of gain on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$402.00K	USD	2 Qtrs
Reclassification of gain on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$182.00K	USD	2 Qtrs
Reclassification of gain on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$128.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-10.92M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-19.28M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.65M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.36M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.85M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$129.56M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$112.56M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$112.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$160.56M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.70M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.55M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$20.50M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.37M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$92.10M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$109.86M	USD	2 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$93.19M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$131.01M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.