10-Q Filing

WATSCO INC CIK: 105016 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193125-21-319758`
Period End Date	20210930
Filing Date	20211104
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	d200093d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 60 Cash Flow Statement 70 Stockholders Equity 63 Comprehensive Income 40

Balance Sheet 73 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`	$137.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.07M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$535.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$771.04M	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`	$30.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.98B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.48B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$105.84M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.22M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$262.96M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$209.17M	USD	Point-in-time
Goodwill	`Goodwill`	$432.51M	USD	Point-in-time
Goodwill	`Goodwill`	$412.49M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$169.93M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$187.66M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$97.85M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$111.78M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.25M	USD	Point-in-time
Total assets	`Assets`	$2.48B	USD	Point-in-time
Total assets	`Assets`	$3.09B	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$71.80M	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$82.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$454.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$251.55M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$259.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$163.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$796.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$487.14M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	$1.72M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	-	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$182.77M	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`	$6.68M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$4.81M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$144.34M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$191.17M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$73.10M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$81.53M	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`	$950.91M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$988.31M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.10M	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`	$-34.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$756.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$636.37M	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`	$1.64B	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$1.49B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$376.94M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$293.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.93B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.80B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.48B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.09B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.77B	USD	3 Qtrs
Revenues	`Revenues`	$3.90B	USD	3 Qtrs
Revenues	`Revenues`	$1.78B	USD	1 Quarter
Revenues	`Revenues`	$1.54B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.30B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.96B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$3.51B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.16B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.26B	USD	3 Qtrs
Gross profit	`GrossProfit`	$373.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$482.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$940.58M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$618.48M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$766.23M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$221.04M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$281.92M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$6.06M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$9.17M	USD	3 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$4.05M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$16.27M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$206.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$331.27M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$156.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$505.46M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-108.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.18M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-221.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-757.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$206.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$330.09M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$156.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$504.70M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$41.73M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$101.60M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$63.40M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$30.47M	USD	1 Quarter
Net income	`ProfitLoss`	$126.21M	USD	1 Quarter
Net income	`ProfitLoss`	$266.69M	USD	3 Qtrs
Net income	`ProfitLoss`	$403.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$164.84M	USD	1 Quarter
Net income	`ProfitLoss`	$66.13M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$172.13M	USD	1 Quarter
Net income	`ProfitLoss`	$104.24M	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`	$63.05M	USD	3 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$23.98M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.72M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$106.49M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$140.87M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$340.06M	USD	3 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$223.57M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$5.83	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$8.80	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$3.64	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.77	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.76	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.82	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.62	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$8.75	USD	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$126.21M	USD	1 Quarter
Net income	`ProfitLoss`	$266.69M	USD	3 Qtrs
Net income	`ProfitLoss`	$403.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$164.84M	USD	1 Quarter
Net income	`ProfitLoss`	$66.13M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$172.13M	USD	1 Quarter
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.35M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.87M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$15.80M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$18.66M	USD	3 Qtrs
Non-cash contribution to 401(k) plan	`NonCashContributionTo401KPlan`	$4.54M	USD	3 Qtrs
Non-cash contribution to 401(k) plan	`NonCashContributionTo401KPlan`	$5.15M	USD	3 Qtrs
Deferred income tax Provision	`DeferredIncomeTaxExpenseBenefit`	$3.97M	USD	3 Qtrs
Deferred income tax Provision	`DeferredIncomeTaxExpenseBenefit`	$3.18M	USD	3 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$6.06M	USD	1 Quarter
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$9.17M	USD	3 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$4.05M	USD	1 Quarter
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$16.27M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.78M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.97M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$198.01M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$113.02M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$170.66M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-34.45M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$263.75M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$158.09M	USD	3 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$12.87M	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`	$319.67M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$129.46M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.61M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.77M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$61.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$108.00K	USD	3 Qtrs
Proceeds from sale of equity securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesEquity`	-	USD	3 Qtrs
Proceeds from sale of equity securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesEquity`	$5.99M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.55M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.13M	USD	3 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$197.45M	USD	3 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$219.44M	USD	3 Qtrs
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$1.00M	USD	3 Qtrs
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$1.48M	USD	3 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$894.00K	USD	3 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.30M	USD	3 Qtrs
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	$189.00K	USD	3 Qtrs
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	$22.00K	USD	3 Qtrs
Net proceeds (repayments) under revolving credit agreement	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.72M	USD	3 Qtrs
Net proceeds (repayments) under revolving credit agreement	`ProceedsFromRepaymentsOfLinesOfCredit`	$-155.03M	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.17M	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.21M	USD	3 Qtrs
Proceeds from non-controlling interest for investment in TEC Distribution LLC	`ProceedsFromMinorityShareholders`	$21.04M	USD	3 Qtrs
Proceeds from non-controlling interest for investment in TEC Distribution LLC	`ProceedsFromMinorityShareholders`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-187.90M	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`	$-506.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.15M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.87M	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`	$137.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$146.07M	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`	$137.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$146.07M	USD	Point-in-time

Stockholders Equity 63 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$1.95	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
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
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.93B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.80B	USD	Point-in-time
Net income	`ProfitLoss`	$126.21M	USD	1 Quarter
Net income	`ProfitLoss`	$266.69M	USD	3 Qtrs
Net income	`ProfitLoss`	$403.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$164.84M	USD	1 Quarter
Net income	`ProfitLoss`	$66.13M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$172.13M	USD	1 Quarter
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-455.00K	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.99M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.78M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-8.22M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-6.33M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-19.28M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$8.36M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$4.59M	USD	1 Quarter
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.54M	USD	1 Quarter
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$5.15M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$2.49M	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`	$3.87M	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`	$4.54M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$5.68M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.10M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.75M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$791.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$894.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$863.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.31M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.23M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.10M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.49M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.66M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.57M	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`	$75.39M	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`	$68.08M	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`	$75.53M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.93B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.80B	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`	$266.69M	USD	3 Qtrs
Net income	`ProfitLoss`	$403.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$164.84M	USD	1 Quarter
Net income	`ProfitLoss`	$66.13M	USD	1 Quarter
Net income	`ProfitLoss`	$36.25M	USD	1 Quarter
Net income	`ProfitLoss`	$172.13M	USD	1 Quarter
Net income	`ProfitLoss`	$104.24M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.22M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.59M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-746.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.51M	USD	1 Quarter
Unrealized (loss) gain on cash flow hedging instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
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`	$70.00K	USD	3 Qtrs
Reclassification of (gain) loss on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$509.00K	USD	1 Quarter
Reclassification of (gain) loss on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-221.00K	USD	3 Qtrs
Reclassification of (gain) loss on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$691.00K	USD	3 Qtrs
Reclassification of (gain) loss on cash flow hedging instruments into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	-	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-455.00K	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.99M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.78M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-8.22M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-6.33M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-19.28M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$8.36M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$4.59M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$130.79M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$402.65M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$156.62M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$260.36M	USD	3 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$62.82M	USD	3 Qtrs
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
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$21.11M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$219.37M	USD	3 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$339.83M	USD	3 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$109.51M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$135.51M	USD	1 Quarter

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