10-Q Filing

WATSCO INC CIK: 105016 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193125-21-236984`
Period End Date	20210630
Filing Date	20210805
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	d188502d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 58 Cash Flow Statement 66 Stockholders Equity 45 Comprehensive Income 36

Balance Sheet 70 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`	$79.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.79M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$857.86M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$535.29M	USD	Point-in-time
Inventories, net	`InventoryNet`	$781.30M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.04B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.48B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$104.97M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$263.68M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$209.17M	USD	Point-in-time
Goodwill	`Goodwill`	$434.95M	USD	Point-in-time
Goodwill	`Goodwill`	$412.49M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$190.09M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$169.93M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$97.85M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$108.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.88M	USD	Point-in-time
Total assets	`Assets`	$3.13B	USD	Point-in-time
Total assets	`Assets`	$2.48B	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$71.80M	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$81.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$490.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$251.55M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$163.79M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$243.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$487.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$815.26M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	$114.17M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	-	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$184.93M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$139.53M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$6.17M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$4.81M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$305.26M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$144.34M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$73.10M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$79.63M	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`	$950.91M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$979.43M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.87M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.74M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$636.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$691.66M	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`	$1.58B	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$1.49B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$293.08M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$355.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.93B	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`	$1.80B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.13B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.48B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.85B	USD	1 Quarter
Revenues	`Revenues`	$2.99B	USD	2 Qtrs
Revenues	`Revenues`	$1.36B	USD	1 Quarter
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`	$1.37B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.21B	USD	2 Qtrs
Gross profit	`GrossProfit`	$319.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$566.81M	USD	2 Qtrs
Gross profit	`GrossProfit`	$772.76M	USD	2 Qtrs
Gross profit	`GrossProfit`	$477.94M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$266.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$194.05M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$484.31M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$397.44M	USD	2 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$4.10M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$5.54M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$5.12M	USD	2 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$10.21M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$298.66M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$129.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$174.49M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$216.78M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-283.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-448.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-536.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.07M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$128.97M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$216.34M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$298.13M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$173.42M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$44.20M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$24.72M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$32.93M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$59.87M	USD	2 Qtrs
Net income	`ProfitLoss`	$140.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Net income	`ProfitLoss`	$172.13M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$66.13M	USD	1 Quarter
Net income	`ProfitLoss`	$238.26M	USD	2 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$23.41M	USD	2 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$39.07M	USD	2 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$17.66M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$28.03M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$199.19M	USD	2 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$144.10M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$117.08M	USD	2 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$86.58M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$5.16	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$3.73	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.03	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$2.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.71	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.13	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.02	USD	2 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$140.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Net income	`ProfitLoss`	$172.13M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$66.13M	USD	1 Quarter
Net income	`ProfitLoss`	$238.26M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.88M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.90M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$12.35M	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`	$2.12M	USD	2 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$4.10M	USD	1 Quarter
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$5.54M	USD	1 Quarter
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$5.12M	USD	2 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$10.21M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-6.47M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-6.15M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$146.51M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$283.08M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-63.43M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$173.54M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$282.85M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$182.96M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.90M	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`	$81.88M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$126.55M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.02M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.01M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$37.00K	USD	2 Qtrs
Proceeds from sale of equity securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesEquity`	$5.99M	USD	2 Qtrs
Proceeds from sale of equity securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesEquity`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-131.46M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.98M	USD	2 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$129.31M	USD	2 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$143.91M	USD	2 Qtrs
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$651.00K	USD	2 Qtrs
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$966.00K	USD	2 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.03M	USD	2 Qtrs
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	$189.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$6.23M	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.69M	USD	2 Qtrs
Proceeds from non-controlling interest for investment in TEC Distribution LLC	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Proceeds from non-controlling interest for investment in TEC Distribution LLC	`ProceedsFromMinorityShareholders`	$21.04M	USD	2 Qtrs
Net proceeds (repayments) under revolving credit agreement	`ProceedsFromRepaymentsOfLinesOfCredit`	$-122.34M	USD	2 Qtrs
Net proceeds (repayments) under revolving credit agreement	`ProceedsFromRepaymentsOfLinesOfCredit`	$114.17M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-247.30M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-981.00K	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`	$1.28M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.12M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-49.28M	USD	2 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`	$79.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$146.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$96.79M	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`	$79.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$146.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$96.79M	USD	Point-in-time

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$1.77	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`	$1.95	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.93B	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`	$1.80B	USD	Point-in-time
Net income	`ProfitLoss`	$140.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Net income	`ProfitLoss`	$172.13M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$66.13M	USD	1 Quarter
Net income	`ProfitLoss`	$238.26M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.99M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$7.76M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-19.28M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.78M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$8.36M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-10.92M	USD	2 Qtrs
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$5.15M	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`	$2.54M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$5.68M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$3.87M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$4.54M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$863.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.10M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$791.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.23M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.66M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.57M	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`	$68.52M	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`	$75.39M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$68.08M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.93B	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`	$1.80B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$140.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Net income	`ProfitLoss`	$172.13M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$66.13M	USD	1 Quarter
Net income	`ProfitLoss`	$238.26M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.02M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.47M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.82M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-12.11M	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`	$70.00K	USD	2 Qtrs
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-6.00K	USD	1 Quarter
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.36M	USD	2 Qtrs
Reclassification of (gain) loss on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$297.00K	USD	1 Quarter
Reclassification of (gain) loss on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-221.00K	USD	2 Qtrs
Reclassification of (gain) loss on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$182.00K	USD	2 Qtrs
Reclassification of (gain) loss on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$22.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$3.99M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.76M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-19.28M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$3.78M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.36M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-10.92M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$112.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$246.02M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$129.56M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$176.12M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$20.50M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.70M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$41.71M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.37M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$204.32M	USD	2 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$92.10M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$146.75M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$109.86M	USD	2 Qtrs

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