10-K Filing

WATSCO INC CIK: 105016 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001193125-24-044609`
Period End Date	20231231
Filing Date	20240223
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	d104765d10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 42 Cash Flow Statement 107 Stockholders Equity 39 Comprehensive Income 24

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$210.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.50M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$747.11M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$797.83M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.35B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.37B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$36.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$33.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.39B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.30B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$125.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$136.23M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$368.75M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$317.31M	USD	Point-in-time
Goodwill	`Goodwill`	$457.15M	USD	Point-in-time
Goodwill	`Goodwill`	$434.02M	USD	Point-in-time
Goodwill	`Goodwill`	$430.71M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$218.15M	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`	$146.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.74M	USD	Point-in-time
Total assets	`Assets`	$3.49B	USD	Point-in-time
Total assets	`Assets`	$3.73B	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$90.60M	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$100.27M	USD	Point-in-time
Borrowings under revolving credit agreement (Note 8)	`LinesOfCreditCurrent`	-	USD	Point-in-time
Borrowings under revolving credit agreement (Note 8)	`LinesOfCreditCurrent`	$56.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$369.40M	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`	$242.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$906.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$712.01M	USD	Point-in-time
Borrowings under revolving credit agreement (Note 8)	`LongTermLineOfCredit`	-	USD	Point-in-time
Borrowings under revolving credit agreement (Note 8)	`LongTermLineOfCredit`	$15.40M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$276.91M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilitiesNetOfCurrentPortion`	$232.14M	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`	$12.21M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$243.53M	USD	Point-in-time
Total long-term obligations	`LongTermDebtAndCapitalLeaseObligations`	$304.53M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$89.88M	USD	Point-in-time
Deferred income taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$96.45M	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, 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.50 par value, 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$973.06M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.15B	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.18M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-42.33M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.18B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.03B	USD	Point-in-time
Treasury stock, at cost, 4,778,988 and 4,823,988 shares of Common stock and 48,263 and 48,263 shares of Class B common stock at December 31, 2023 and 2022, respectively	`TreasuryStockValue`	$87.44M	USD	Point-in-time
Treasury stock, at cost, 4,778,988 and 4,823,988 shares of Common stock and 48,263 and 48,263 shares of Class B common stock at December 31, 2023 and 2022, respectively	`TreasuryStockValue`	$86.63M	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$2.23B	USD	Point-in-time
Total Watsco, Inc. shareholders' equity	`StockholdersEquity`	$1.89B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$359.04M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$386.35M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.49B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.73B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$7.28B	USD	Annual
Revenues	`Revenues`	$7.27B	USD	Annual
Revenues	`Revenues`	$6.28B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$4.61B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$5.24B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$5.29B	USD	Annual
Gross profit	`GrossProfit`	$1.99B	USD	Annual
Gross profit	`GrossProfit`	$1.67B	USD	Annual
Gross profit	`GrossProfit`	$2.03B	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.22B	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.22B	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.06B	USD	Annual
Other income	`IncomeLossFromEquityMethodInvestments`	$26.18M	USD	Annual
Other income	`IncomeLossFromEquityMethodInvestments`	$19.30M	USD	Annual
Other income	`IncomeLossFromEquityMethodInvestments`	$22.67M	USD	Annual
Operating income	`OperatingIncomeLoss`	$831.58M	USD	Annual
Operating income	`OperatingIncomeLoss`	$628.53M	USD	Annual
Operating income	`OperatingIncomeLoss`	$794.81M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-2.17M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-996.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-4.92M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$829.41M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$627.53M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$789.89M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$128.80M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$125.72M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$155.75M	USD	Annual
Net income	`ProfitLoss`	$634.14M	USD	Annual
Net income	`ProfitLoss`	$498.74M	USD	Annual
Net income	`ProfitLoss`	$703.70M	USD	Annual
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$102.53M	USD	Annual
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$79.79M	USD	Annual
Less: net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$97.80M	USD	Annual
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$536.34M	USD	Annual
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$601.17M	USD	Annual
Net income attributable to Watsco, Inc.	`NetIncomeLoss`	$418.94M	USD	Annual
Basic	`EarningsPerShareBasic`	$15.46	USD	Annual
Basic	`EarningsPerShareBasic`	$10.83	USD	Annual
Basic	`EarningsPerShareBasic`	$13.72	USD	Annual
Diluted	`EarningsPerShareDiluted`	$10.78	USD	Annual
Diluted	`EarningsPerShareDiluted`	$15.41	USD	Annual
Diluted	`EarningsPerShareDiluted`	$13.67	USD	Annual

Cash Flow Statement 107 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$634.14M	USD	Annual
Net income	`ProfitLoss`	$498.74M	USD	Annual
Net income	`ProfitLoss`	$703.70M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.09M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.68M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.13M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$30.00M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$25.36M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$28.82M	USD	Annual
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-7.18M	USD	Annual
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$13.47M	USD	Annual
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$5.94M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$8.54M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$6.89M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.16M	USD	Annual
Non-cash contribution to 401(k) plan	`NonCashContributionTo401KPlan`	$8.86M	USD	Annual
Non-cash contribution to 401(k) plan	`NonCashContributionTo401KPlan`	$5.15M	USD	Annual
Non-cash contribution to 401(k) plan	`NonCashContributionTo401KPlan`	$6.75M	USD	Annual
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-350.00K	USD	Annual
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.62M	USD	Annual
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$143.00K	USD	Annual
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$26.18M	USD	Annual
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$19.30M	USD	Annual
Other income from investment in unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$22.67M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$130.41M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$36.03M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$60.15M	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$259.86M	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$-64.62M	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$243.66M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-162.04M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$121.99M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$182.82M	USD	Annual
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-13.66M	USD	Annual
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.33M	USD	Annual
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$10.44M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$349.57M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$571.96M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$561.95M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.65M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.48M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.46M	USD	Annual
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.82M	USD	Annual
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$129.46M	USD	Annual
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.00K	USD	Annual
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	$2.85M	USD	Annual
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Other investment	`Paymenttoacquireprivateequities`	$1.00M	USD	Annual
Other investment	`Paymenttoacquireprivateequities`	$500.00K	USD	Annual
Other investment	`Paymenttoacquireprivateequities`	-	USD	Annual
Proceeds from sale of equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	-	USD	Annual
Proceeds from sale of equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	$5.99M	USD	Annual
Proceeds from sale of equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.86M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.36M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.31M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.84M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.34M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.58M	USD	Annual
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$294.52M	USD	Annual
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$332.45M	USD	Annual
Dividends on Common and Class B common stock	`PaymentsOfDividendsCommonStock`	$382.65M	USD	Annual
Distributions to non-controlling interest	`PaymentsOfDividendsMinorityInterest`	$61.98M	USD	Annual
Distributions to non-controlling interest	`PaymentsOfDividendsMinorityInterest`	$69.18M	USD	Annual
Distributions to non-controlling interest	`PaymentsOfDividendsMinorityInterest`	$73.59M	USD	Annual
Net (repayments) proceeds under prior revolving credit agreement	`ProceedsFromLongTermLinesOfCredit`	$-56.40M	USD	Annual
Net (repayments) proceeds under prior revolving credit agreement	`ProceedsFromLongTermLinesOfCredit`	$89.00M	USD	Annual
Net (repayments) proceeds under prior revolving credit agreement	`ProceedsFromLongTermLinesOfCredit`	$-32.60M	USD	Annual
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$4.04M	USD	Annual
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$3.04M	USD	Annual
Net repayments of finance lease liabilities	`NetRepaymentsOfFinanceLeaseLiabilities`	$2.04M	USD	Annual
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$87.11M	USD	Annual
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.09M	USD	Annual
Repurchases of common stock to satisfy employee withholding tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.83M	USD	Annual
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	$22.00K	USD	Annual
Payment of fees related to revolving credit agreement	`PaymentsOfDebtIssuanceCosts`	$844.00K	USD	Annual
Proceeds from non-controlling interest for investment in unconsolidated entity	`ProceedsFromMinorityShareholders`	$570.00K	USD	Annual
Proceeds from non-controlling interest for investment in unconsolidated entity	`ProceedsFromMinorityShareholders`	-	USD	Annual
Proceeds from non-controlling interest for investment in unconsolidated entity	`ProceedsFromMinorityShareholders`	-	USD	Annual
Net proceeds from the sale of Common stock	`ProceedsFromSaleOfTreasuryStock`	$15.18M	USD	Annual
Net proceeds from the sale of Common stock	`ProceedsFromSaleOfTreasuryStock`	-	USD	Annual
Net proceeds from the sale of Common stock	`ProceedsFromSaleOfTreasuryStock`	-	USD	Annual
Net proceeds under current revolving credit agreement	`NetRepaymentsProceedsUnderRevolvingCreditAgreement`	-	USD	Annual
Net proceeds under current revolving credit agreement	`NetRepaymentsProceedsUnderRevolvingCreditAgreement`	-	USD	Annual
Net proceeds under current revolving credit agreement	`NetRepaymentsProceedsUnderRevolvingCreditAgreement`	$15.40M	USD	Annual
Net proceeds from issuances of Common stock under employee related plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$20.42M	USD	Annual
Net proceeds from issuances of Common stock under employee related plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$29.13M	USD	Annual
Net proceeds from issuances of Common stock under employee related plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$21.01M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-460.08M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-228.60M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-503.96M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.07M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-186.00K	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-4.93M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$29.24M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$62.61M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-27.80M	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.11M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.27M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.07M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.50M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.11M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.27M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.07M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.50M	USD	Point-in-time

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$8.55	USD	Annual
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$9.80	USD	Annual
Cash dividends declared and paid, common stock	`CommonStockDividendsPerShareDeclared`	$7.62	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Net income	`ProfitLoss`	$634.14M	USD	Annual
Net income	`ProfitLoss`	$498.74M	USD	Annual
Net income	`ProfitLoss`	$703.70M	USD	Annual
Other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.91M	USD	Annual
Other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.23M	USD	Annual
Other comprehensive gain (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-20.30M	USD	Annual
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$5.15M	USD	Annual
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$6.75M	USD	Annual
Common stock contribution to 401(k) plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$8.86M	USD	Annual
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$34.00M	USD	Annual
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$22.18M	USD	Annual
Stock issuances from exercise of stock options and employee stock purchase plan	`StockIssuancesFromExerciseOfStockOptionsAndEmployeeStockPurchasePlanValue`	$20.80M	USD	Annual
Issuance of Class B common stock	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	Annual
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.70M	USD	Annual
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$87.49M	USD	Annual
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.26M	USD	Annual
Net proceeds from the sale of Common stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$14.80M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$29.72M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$24.53M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$29.04M	USD	Annual
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$382.65M	USD	Annual
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$332.45M	USD	Annual
Cash dividends declared and paid on Common and Class B common stock	`DividendsCommonStockCash`	$295.04M	USD	Annual
Investment in unconsolidated entity	`ContributionFromNonControllingInterestForInvestmentInUnconsolidatedEntity`	$570.00K	USD	Annual
Common Stock Released From Escrow Value	`Commonstockreleasedfromescrowvalue`	$522.00K	USD	Annual
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$61.98M	USD	Annual
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$69.18M	USD	Annual
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$73.59M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.62B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$634.14M	USD	Annual
Net income	`ProfitLoss`	$498.74M	USD	Annual
Net income	`ProfitLoss`	$703.70M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.30M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.91M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$936.00K	USD	Annual
Unrealized gain on cash flow hedging instruments	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$70.00K	USD	Annual
Unrealized gain on cash flow hedging instruments	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	Annual
Unrealized gain on cash flow hedging instruments	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	Annual
Reclassification of loss on cash flow hedging instruments into earnings	`DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet`	-	USD	Annual
Reclassification of loss on cash flow hedging instruments into earnings	`DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet`	$219.00K	USD	Annual
Reclassification of loss on cash flow hedging instruments into earnings	`DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet`	-	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.91M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.23M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-20.30M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$683.39M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$499.96M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$642.04M	USD	Annual
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$100.33M	USD	Annual
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$80.32M	USD	Annual
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$95.76M	USD	Annual
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$587.63M	USD	Annual
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$419.64M	USD	Annual
Comprehensive income attributable to Watsco, Inc.	`ComprehensiveIncomeNetOfTax`	$541.72M	USD	Annual

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