← WATSCO INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $182.8m |
$208.2m
+13.90%
|
$242.9m
+16.67%
|
$245.9m
+1.24%
|
$269.6m
+9.61%
|
$418.9m
+55.41%
|
$601.2m
+43.50%
|
$536.3m
-10.78%
|
$536.3m
-0.01%
|
$497.0m
-7.33%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $168.0m |
$190.8m
+13.56%
|
$223.1m
+16.96%
|
$225.5m
+1.07%
|
$246.4m
+9.27%
|
$381.7m
+54.87%
|
$703.7m
+84.37%
|
$634.1m
-9.88%
|
$635.7m
+0.25%
|
$464.2m
-26.99%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $236.0m | $257.3m | $296.5m | $295.8m | $323.2m | $498.7m | $703.7m | $634.1m | $635.7m | $587.6m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $53.2m | $49.1m | $53.6m | $49.8m | $53.6m | $79.8m | $102.5m | $97.8m | $99.5m | $90.6m | — | |
| Depreciation, Depletion and Amortization | $20.1m | $22.0m | $22.1m | $24.5m | $25.9m | $28.1m | $31.7m | $35.1m | $40.8m | $43.8m | $44.0m | |
| Amortization of Intangible Assets | $5.2m | $5.3m | $5.3m | $5.7m | $5.9m | $5.6m | $4.7m | $4.3m | $5.4m | $5.3m | — | |
| Deferred Income Tax Expense (Benefit) | $2.7m | ($10.7m) | $8.3m | $1.3m | $40k | $5.9m | $13.5m | ($7.2m) | $229k | $18.4m | $5k | |
| Share-based Payment Arrangement, Noncash Expense | $12.3m | $13.3m | $15.5m | $17.0m | $22.1m | $25.4m | $28.8m | $30.0m | $35.0m | $35.3m | $34.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $4.7m | $3.8m | $1.5m | $2.3m | $1.1m | $87.1m | $2.8m | $39.7m | $3.7m | — | |
| Share-based Payment Arrangement, Expense | $12.3m | $13.3m | $15.5m | $17.0m | $22.1m | $25.4m | $28.8m | $30.0m | $35.0m | $35.3m | $34.4m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Income (Loss) from Equity Method Investments | — | $3.9m | $9.3m | $10.3m | $11.3m | $19.3m | $22.7m | $26.2m | $30.5m | $27.8m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $26.9m | $1.7m | $28.8m | ($8.5m) | $3.6m | $130.4m | $60.2m | $36.0m | $85.6m | ($83.4m) | ($30.0m) | |
| Increase (Decrease) in Inventories | $9.7m | $73.4m | $79.0m | $15.5m | ($139.9m) | $243.7m | $259.9m | ($64.6m) | $41.7m | ($12.0m) | $120.9m | |
| Increase (Decrease) in Accounts Payable | $39.8m | $100.0m | ($57.4m) | $12.7m | $33.9m | $182.8m | — | — | — | — | ($13.7m) | |
| Net Cash Provided by (Used in) Operating Activities | $277.8m |
$306.5m
+10.36%
|
$170.6m
-44.36%
|
$335.8m
+96.87%
|
$534.4m
+59.15%
|
$349.6m
-34.58%
|
$572.0m
+63.62%
|
$562.0m
-1.75%
|
$773.1m
+37.57%
|
$569.6m
-26.32%
|
$733.3m
+28.73%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $43.6m | $17.9m | $17.2m | $17.8m | $16.4m | $25.5m | $35.7m | $35.5m | $30.1m | $34.5m | ($36.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $189k | ($115k) | ($27k) | $585k | ($17k) | ($350k) | $1.6m | $143k | ($536k) | ($407k) | ($19.5m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $5.6m | $59.7m | — | $129.5m | $47k | $3.8m | $5.2m | $19.2m | ($19.4m) | |
| Net Cash Provided by (Used in) Investing Activities | ($42.8m) | ($81.3m) | ($26.3m) | ($81.0m) | ($16.3m) | ($148.6m) | ($33.8m) | ($41.3m) | ($290.7m) | ($98.1m) | ($128.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments of Ordinary Dividends, Common Stock | $127.6m | $164.1m | $209.2m | $241.4m | $265.7m | $294.5m | $332.4m | $382.6m | $423.5m | $473.8m | ($499.2m) | |
| Proceeds from Issuance of Common Stock | $5.7m | $5.2m | $6.6m | $13.3m | $19.3m | $21.0m | $20.4m | $15.2m | — | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($213.9m) |
($202.1m)
+5.50%
|
($139.6m)
+30.94%
|
($264.0m)
-89.12%
|
($448.5m)
-69.87%
|
($228.6m)
+49.03%
|
($504.0m)
-120.45%
|
($460.1m)
+8.71%
|
($158.5m)
+65.54%
|
($568.1m)
-258.36%
|
($531.2m)
+6.49%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($226k) | $1.4m | ($2.2m) | ($8.4m) | $71.6m | ($27.8m) | $29.2m | $62.6m | $316.2m | ($93.0m) | $366.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $147.5m | $210.1m | $526.3m | $433.3m | $366.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $913k | $3.5m | $10.1m | $969k | $697k | — | |
| Income Taxes Paid, Net | $99.0m | $48.1m | $115.3m | $70.1m | $70.9m | $125.0m | $105.7m | $188.4m | $124.6m | $164.7m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $379.7m | $382.7m | $392.0m | $411.2m | $412.5m | $434.0m | $430.7m | $457.1m | $451.9m | $462.5m | — | |
| Income Tax Expense (Benefit) | $105.9m | $90.2m | $72.8m | $67.1m | $76.6m | $128.8m | $125.7m | $155.8m | $166.9m | $150.1m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($323k) | $358k | $157k | $352k | $418k | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | $12.7m | $752k | $988k | — | $0 | — | $570k | $0 | — | — | |
| Proceeds from Stock Options Exercised | — | $3.9m | $5.0m | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.