10-Q Filing

WATSCO INC CIK: 105016 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001193125-20-286403`
Period End Date	20200930
Filing Date	20201105
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	d57066d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 60 Cash Flow Statement 68 Stockholders Equity 67 Comprehensive Income 40

Balance Sheet 72 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`	$74.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$644.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$533.81M	USD	Point-in-time
Inventories	`InventoryNet`	$884.65M	USD	Point-in-time
Inventories	`InventoryNet`	$920.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.74M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.55B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.64B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.52M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$223.37M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$218.88M	USD	Point-in-time
Goodwill	`Goodwill`	$411.22M	USD	Point-in-time
Goodwill	`Goodwill`	$409.78M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$164.55M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$172.00M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$94.83M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$103.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.33M	USD	Point-in-time
Total assets	`Assets`	$2.56B	USD	Point-in-time
Total assets	`Assets`	$2.65B	USD	Point-in-time
Current portion of lease liabilities	`LeaseLiabilityCurrent`	$69.42M	USD	Point-in-time
Current portion of lease liabilities	`LeaseLiabilityCurrent`	$71.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$352.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$239.67M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$185.63M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$152.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$609.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$461.72M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	$155.70M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	$668.00K	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$154.27M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$149.07M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$3.57M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$2.01M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$311.98M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$153.31M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$67.70M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$74.94M	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`	$940.01M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-43.24M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.05M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-42.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$632.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$658.62M	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`	$1.49B	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$320.33M	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`	$1.68B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.75B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.56B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.65B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.39B	USD	1 Quarter
Revenues	`Revenues`	$3.90B	USD	3 Qtrs
Revenues	`Revenues`	$3.70B	USD	3 Qtrs
Revenues	`Revenues`	$1.54B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.96B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.06B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.80B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.16B	USD	1 Quarter
Gross profit	`GrossProfit`	$334.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$940.58M	USD	3 Qtrs
Gross profit	`GrossProfit`	$373.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$896.43M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$589.52M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$212.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$618.48M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$221.04M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$3.53M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$4.05M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$7.94M	USD	3 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$9.17M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$125.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$314.85M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$156.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$331.27M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-3.42M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-108.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.43M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.18M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$156.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$123.89M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$311.43M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$330.09M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$30.47M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$24.23M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$60.06M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$63.40M	USD	3 Qtrs
Net income	`ProfitLoss`	$126.21M	USD	1 Quarter
Net income	`ProfitLoss`	$107.91M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$43.80M	USD	1 Quarter
Net income	`ProfitLoss`	$251.37M	USD	3 Qtrs
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Net income	`ProfitLoss`	$266.69M	USD	3 Qtrs
Net income	`ProfitLoss`	$99.66M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$42.70M	USD	3 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$16.18M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$43.13M	USD	3 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.72M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$223.57M	USD	3 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$106.49M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$208.67M	USD	3 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$83.48M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.20	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$5.54	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$5.83	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.77	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.54	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.76	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.82	USD	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$126.21M	USD	1 Quarter
Net income	`ProfitLoss`	$107.91M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$43.80M	USD	1 Quarter
Net income	`ProfitLoss`	$251.37M	USD	3 Qtrs
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Net income	`ProfitLoss`	$266.69M	USD	3 Qtrs
Net income	`ProfitLoss`	$99.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.35M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.98M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$11.99M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$15.80M	USD	3 Qtrs
Non-cash contribution to 401(k) plan	`NonCashContributionTo401KPlan`	$4.27M	USD	3 Qtrs
Non-cash contribution to 401(k) plan	`NonCashContributionTo401KPlan`	$4.54M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$2.77M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$3.18M	USD	3 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$3.53M	USD	1 Quarter
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$4.05M	USD	1 Quarter
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$7.94M	USD	3 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$9.17M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.26M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.78M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$102.81M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$113.02M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-34.45M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$74.45M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$99.63M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$158.09M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.54M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$8.92M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$372.78M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$197.53M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.01M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.61M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.34M	USD	3 Qtrs
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	$4.94M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$61.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.29M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.55M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.00M	USD	3 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$180.45M	USD	3 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$197.45M	USD	3 Qtrs
Net (repayments) proceeds under revolving credit agreement	`ProceedsFromRepaymentsOfLinesOfCredit`	$-155.03M	USD	3 Qtrs
Net (repayments) proceeds under revolving credit agreement	`ProceedsFromRepaymentsOfLinesOfCredit`	$34.10M	USD	3 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.30M	USD	3 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.53M	USD	3 Qtrs
Net repayments of long-term obligations	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-920.00K	USD	3 Qtrs
Net repayments of long-term obligations	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-1.00M	USD	3 Qtrs
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	$189.00K	USD	3 Qtrs
Proceeds from non-controlling interest for investment in unconsolidated entity	`ProceedsFromMinorityShareholders`	$988.00K	USD	3 Qtrs
Purchase of additional ownership from non-controlling interest	`PaymentsToAcquireAdditionalInterestsInSubsidiaries`	$32.40M	USD	3 Qtrs
Proceeds from non-controlling interest for investment in Peirce-Phelps, Inc	`ProceedsFromNonControllingInterestForInvestmentInConsolidatedEntity`	$17.00M	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$7.48M	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.21M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-155.73M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-342.77M	USD	3 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-315.00K	USD	3 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$454.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.15M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-22.74M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$92.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$92.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$82.89M	USD	Point-in-time

Stockholders Equity 67 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`	$1.77	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`	$1.68B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.75B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time
Net income	`ProfitLoss`	$126.21M	USD	1 Quarter
Net income	`ProfitLoss`	$107.91M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$43.80M	USD	1 Quarter
Net income	`ProfitLoss`	$251.37M	USD	3 Qtrs
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Net income	`ProfitLoss`	$266.69M	USD	3 Qtrs
Net income	`ProfitLoss`	$99.66M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.36M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.65M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.59M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-19.28M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-6.33M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$5.92M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.92M	USD	1 Quarter
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`	$4.53M	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`	$4.54M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$8.47M	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`	$2.54M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$791.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$428.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$669.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.10M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$555.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.75M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.23M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.71M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.54M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.49M	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`	$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`	$68.14M	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`	$60.28M	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
Investment in Peirce-Phelps, Inc.	`ContributionFromNonControllingInterestForInvestmentInConsolidatedEntity`	$17.00M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.63B	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`	$1.74B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.75B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.60B	USD	Point-in-time

Comprehensive Income 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$126.21M	USD	1 Quarter
Net income	`ProfitLoss`	$107.91M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$43.80M	USD	1 Quarter
Net income	`ProfitLoss`	$251.37M	USD	3 Qtrs
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Net income	`ProfitLoss`	$266.69M	USD	3 Qtrs
Net income	`ProfitLoss`	$99.66M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.51M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.59M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.26M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.04M	USD	1 Quarter
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-798.00K	USD	3 Qtrs
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$948.00K	USD	3 Qtrs
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-416.00K	USD	1 Quarter
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$255.00K	USD	1 Quarter
Reclassification of gain on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$140.00K	USD	1 Quarter
Reclassification of gain on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$509.00K	USD	1 Quarter
Reclassification of gain on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$691.00K	USD	3 Qtrs
Reclassification of gain on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$542.00K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.36M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.65M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.59M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-19.28M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-6.33M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$5.92M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.92M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$260.36M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$96.73M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$257.29M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$130.79M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$44.69M	USD	3 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.15M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$21.28M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$40.99M	USD	3 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$212.60M	USD	3 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$81.59M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$219.37M	USD	3 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$109.51M	USD	1 Quarter

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