10-Q Filing

WATSCO INC CIK: 105016 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001193125-23-202974`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	d517559d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 58 Cash Flow Statement 68 Stockholders Equity 48 Comprehensive Income 28

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`	$147.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.53M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$747.11M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$990.66M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.69B	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.37B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$40.07M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$33.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.30B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.88B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$128.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$125.42M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$334.38M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$317.31M	USD	Point-in-time
Goodwill	`Goodwill`	$431.59M	USD	Point-in-time
Goodwill	`Goodwill`	$430.71M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$175.77M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$175.19M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$132.80M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$141.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.56M	USD	Point-in-time
Total assets	`Assets`	$4.10B	USD	Point-in-time
Total assets	`Assets`	$3.49B	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$90.60M	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$93.10M	USD	Point-in-time
Borrowings under revolving credit agreement	`LinesOfCreditCurrent`	$56.40M	USD	Point-in-time
Borrowings under revolving credit agreement	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$602.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$456.13M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$303.40M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$260.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$906.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$956.00M	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	-	USD	Point-in-time
Borrowings under revolving credit agreement	`LongTermLineOfCredit`	$342.90M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$232.14M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$247.93M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$11.39M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$10.97M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$243.53M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$601.80M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$93.16M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$89.88M	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`	$973.06M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.02B	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-42.76M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.12B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$87.44M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$86.63M	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$1.89B	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$414.40M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$359.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.31B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.10B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.49B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.00B	USD	1 Quarter
Revenues	`Revenues`	$3.55B	USD	2 Qtrs
Revenues	`Revenues`	$3.66B	USD	2 Qtrs
Revenues	`Revenues`	$2.13B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.54B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.44B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.54B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.61B	USD	2 Qtrs
Gross profit	`GrossProfit`	$595.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$562.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.01B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.05B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$304.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$591.21M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$314.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$598.11M	USD	2 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$7.24M	USD	1 Quarter
Other income	`IncomeLossFromEquityMethodInvestments`	$10.88M	USD	2 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$10.36M	USD	2 Qtrs
Other income	`IncomeLossFromEquityMethodInvestments`	$6.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$265.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$287.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$430.44M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$458.15M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-4.03M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.11M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-3.42M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.67M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$285.99M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$262.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$456.48M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$426.42M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$60.48M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$90.64M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$96.08M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$56.89M	USD	1 Quarter
Net income	`ProfitLoss`	$130.37M	USD	1 Quarter
Net income	`ProfitLoss`	$134.89M	USD	1 Quarter
Net income	`ProfitLoss`	$360.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$225.51M	USD	1 Quarter
Net income	`ProfitLoss`	$205.40M	USD	1 Quarter
Net income	`ProfitLoss`	$335.77M	USD	2 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$52.94M	USD	2 Qtrs
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$32.64M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$32.95M	USD	1 Quarter
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$54.54M	USD	2 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$305.86M	USD	2 Qtrs
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$192.56M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$172.76M	USD	1 Quarter
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$282.84M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$4.94	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$7.27	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$4.43	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$7.86	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$7.83	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$4.93	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$7.25	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$4.42	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$130.37M	USD	1 Quarter
Net income	`ProfitLoss`	$134.89M	USD	1 Quarter
Net income	`ProfitLoss`	$360.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$225.51M	USD	1 Quarter
Net income	`ProfitLoss`	$205.40M	USD	1 Quarter
Net income	`ProfitLoss`	$335.77M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.61M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.38M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$13.53M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$14.96M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.41M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.14M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$4.10M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$3.44M	USD	2 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$7.24M	USD	1 Quarter
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$10.88M	USD	2 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$10.36M	USD	2 Qtrs
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$6.32M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-8.38M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-6.85M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$289.48M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$243.44M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$366.36M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$313.63M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$332.22M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$103.44M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.81M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.23M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$73.07M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-89.18M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.83M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.95M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.99M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.23M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$111.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.59M	USD	2 Qtrs
Net proceeds under current revolving credit agreement	`ProceedsFromLinesOfCredit`	$342.90M	USD	2 Qtrs
Net proceeds under current revolving credit agreement	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Net proceeds from the sale of Common stock	`NetProceedsFromTheSaleOfCommonStock`	$15.18M	USD	2 Qtrs
Net proceeds from the sale of Common stock	`NetProceedsFromTheSaleOfCommonStock`	-	USD	2 Qtrs
Net proceeds from issuances of Common stock under employee-related plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$13.83M	USD	2 Qtrs
Net proceeds from issuances of Common stock under employee-related plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$8.23M	USD	2 Qtrs
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	$580.00K	USD	2 Qtrs
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$1.79M	USD	2 Qtrs
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$1.44M	USD	2 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.25M	USD	2 Qtrs
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.18M	USD	2 Qtrs
Net (repayments) proceeds under prior revolving credit agreement	`ProceedsFromLongTermLinesOfCredit`	$114.60M	USD	2 Qtrs
Net (repayments) proceeds under prior revolving credit agreement	`ProceedsFromLongTermLinesOfCredit`	$-56.40M	USD	2 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$161.48M	USD	2 Qtrs
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$190.41M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.27M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$120.47M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.13M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.32M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.02M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.78M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.05M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.05M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.50M	USD	Point-in-time

Stockholders Equity 48 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`	$2.45	USD	1 Quarter
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$2.20	USD	1 Quarter
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$2.45	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.31B	USD	Point-in-time
Net income	`ProfitLoss`	$130.37M	USD	1 Quarter
Net income	`ProfitLoss`	$134.89M	USD	1 Quarter
Net income	`ProfitLoss`	$360.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$225.51M	USD	1 Quarter
Net income	`ProfitLoss`	$205.40M	USD	1 Quarter
Net income	`ProfitLoss`	$335.77M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.38M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.38M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$260.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-9.38M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.12M	USD	1 Quarter
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$6.74M	USD	1 Quarter
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$8.86M	USD	1 Quarter
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$9.00K	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$5.64M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$3.81M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$12.98M	USD	1 Quarter
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$4.42M	USD	1 Quarter
Issuance of Class B common stock	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.18M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$595.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$6.45M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.67M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.99M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.83M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.76M	USD	1 Quarter
Net proceeds from the sale of Common stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$14.80M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$75.80M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$94.97M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$85.69M	USD	1 Quarter
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$95.44M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.31B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$130.37M	USD	1 Quarter
Net income	`ProfitLoss`	$134.89M	USD	1 Quarter
Net income	`ProfitLoss`	$360.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$225.51M	USD	1 Quarter
Net income	`ProfitLoss`	$205.40M	USD	1 Quarter
Net income	`ProfitLoss`	$335.77M	USD	2 Qtrs
Other comprehensive income (loss), net of tax Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.12M	USD	1 Quarter
Other comprehensive income (loss), net of tax Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.38M	USD	2 Qtrs
Other comprehensive income (loss), net of tax Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.38M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.38M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.38M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$260.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-9.38M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$212.52M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$216.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$343.15M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$355.40M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$52.87M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$34.97M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$55.36M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.83M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$287.79M	USD	2 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$186.29M	USD	1 Quarter
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$302.52M	USD	2 Qtrs
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$177.54M	USD	1 Quarter

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