Watsco inc (WSO)

CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income

288,218

295,775

300,371

297,602

297,956

296,529

300,183

283,316

265,899

257,290

244,501

245,000

235,577

235,983

232,455

226,581

229,398

226,524

224,968

221,455

215,599

208,702

201,849

196,836

191,033

187,719

183,465

176,878

165,198

157,601

156,455

148,742

140,112

137,742

129,734

121,434

117,369

111,722

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

25,223

24,512

23,578

22,724

22,325

22,095

22,024

22,126

22,206

22,033

21,497

20,957

20,474

20,066

19,979

19,751

19,453

19,117

18,795

18,489

18,114

17,927

17,831

17,833

17,840

17,706

17,858

17,774

17,130

15,911

14,452

13,125

12,189

11,725

11,650

11,080

10,786

10,771

0

0

0

Share-based compensation

18,095

17,032

15,731

16,346

15,767

15,508

15,463

14,365

13,856

13,293

13,559

13,109

12,561

12,319

12,093

12,230

12,550

12,596

12,485

12,134

11,816

11,473

11,364

10,872

10,157

9,967

8,783

8,247

8,075

7,939

7,614

7,643

7,328

6,663

6,034

5,254

5,195

5,175

0

0

0

Non-cash contribution to 401(k) plan

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

2,348

1,963

1,963

1,963

1,963

1,759

0

0

0

-

-

0

0

-

-

-

1,772

1,718

0

0

0

-

-

-

-

Provision for doubtful accounts

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

2,456

2,688

2,539

2,669

2,970

2,609

0

0

0

-

-

0

0

-

-

2,098

1,979

2,374

2,200

1,610

1,895

3,016

0

0

0

(Gain) loss on sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

432

0

0

0

Other income from investment in unconsolidated entity

9,826

10,256

8,730

8,896

9,088

9,282

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,918

2,422

2,235

2,159

2,055

1,828

2,497

2,838

1,592

1,511

756

453

981

1,079

1,048

721

282

859

1,357

1,654

1,614

2,862

0

0

0

Other, net

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

0

-

-

-

0

-

0

0

0

-

0

0

0

-

-

0

0

-

-

-

0

Changes in operating assets and liabilities:
Accounts receivable

35,748

-8,457

5,463

-7,833

21,101

28,831

38,463

49,829

6,055

1,676

19,643

8,191

20,687

26,941

40,021

11,484

31,171

26,121

16,970

58,649

49,944

41,068

42,531

25,968

18,475

25,846

14,164

18,507

-1,103

5,752

7,267

21,096

21,460

-11,987

30,758

25,554

26,762

41,250

0

0

0

Inventories

-12,755

15,525

102,836

82,714

84,577

78,954

26,284

103,711

57,239

73,403

43,934

20,882

6,712

9,729

-13,033

-48,455

-54,130

3,652

29,821

46,634

99,325

98,741

90,005

68,301

64,769

40,575

28,306

21,270

61,691

26,652

23,870

-5,079

-21,335

22,489

31,777

51,188

41,304

-21,447

0

0

0

Accounts payable and other liabilities

23,433

12,734

65,515

-3,621

34,601

-57,398

-65,215

100,520

275

99,956

102,070

20,238

30,830

43,734

26,431

34,186

-7,874

-11,760

-8,575

-12,416

4,946

45,242

31,641

24,453

47,568

-7,256

-15,545

-20,333

1,328

11,873

15,890

-124,782

-59,466

-98,611

-99,513

-24,235

33,813

28,088

0

0

0

Other, net

8,128

5,873

4,526

6,866

5,842

2,991

5,383

1

-2,588

886

-2,289

2,686

6,552

2,067

2,743

-486

932

285

-499

87

-418

92

186

1,782

205

1,018

305

-2,376

-4,902

-3,077

-9,285

-3,905

-4,020

-2,721

3,910

-1,681

-4,581

-3,910

0

0

0

Net cash provided by operating activities

324,694

335,771

298,023

258,260

265,107

170,557

187,206

252,254

230,589

306,520

324,810

274,808

274,196

281,731

269,390

338,908

281,483

222,848

203,019

136,011

103,296

144,980

140,805

162,018

192,669

150,269

160,083

156,078

146,391

173,343

184,599

44,018

115,831

61,452

-2,600

53,761

113,708

152,799

0

0

0

Cash flows from investing activities:
Capital expenditures

17,532

17,805

18,263

17,526

17,791

17,153

16,944

16,388

17,223

17,876

48,417

48,271

44,981

43,577

12,094

14,683

23,327

23,698

32,871

30,299

22,890

21,512

12,899

13,462

13,247

14,580

14,004

12,390

11,503

12,317

13,973

15,086

16,116

13,925

12,061

10,312

8,405

8,421

0

0

0

Proceeds from sale of property and equipment

1,361

1,380

1,380

234

195

228

172

179

210

168

208

195

695

744

749

761

758

760

2,742

2,735

2,389

2,388

433

438

283

323

321

508

543

504

720

520

751

737

453

412

126

2,111

0

0

0

Net cash used in investing activities

-80,783

-81,037

-68,964

-48,379

-26,982

-26,311

-26,360

-16,209

-80,613

-81,308

-111,809

-111,676

-44,286

-42,833

-11,345

-13,922

-22,569

-22,938

-30,129

-27,564

-20,501

-19,124

-12,466

-13,024

-12,964

-14,257

-13,683

-10,213

-91,439

-92,292

-92,492

-104,474

-58,820

-56,643

-56,303

-47,013

-12,103

-10,134

0

0

0

Cash flows from financing activities:
Dividends on Common and Class B common stock

242,685

241,412

234,721

228,631

222,602

209,218

199,630

190,077

173,345

164,147

156,774

142,275

134,954

127,604

114,990

109,531

104,041

98,532

94,826

91,126

80,471

69,870

62,762

50,447

45,119

39,836

219,798

232,514

244,389

256,219

81,169

78,572

76,808

73,276

71,329

69,397

67,474

66,028

0

0

0

Distributions to non-controlling interest

-

-

-

-

-

46,825

38,210

38,210

38,211

42,831

19,672

38,585

38,583

38,900

52,515

43,214

43,215

39,754

30,707

21,095

39,298

43,258

63,824

63,822

47,471

69,494

31,487

37,501

39,010

16,003

26,648

20,636

20,173

26,469

15,824

26,353

24,769

13,644

0

0

0

Purchase of additional ownership from non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,000

0

0

0

-

-

-

-

Repurchases of common stock to satisfy employee withholding tax obligations

1,891

1,528

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net repayments of long-term obligations

-1,353

-1,240

-469

160

99

269

-242

-40

-30

-19

1

-190

-154

-150

-155

-134

-161

-157

-153

-166

220

235

250

922

577

602

625

-14

-16

-1

-16

-27

-66

-69

-904

-850

-774

-729

0

0

0

Proceeds from short-term borrowings

-

-

-

-

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds under revolving credit agreement

0

-

0

0

0

-

0

0

0

-

0

0

42,400

-

-85,483

-165,377

-102,153

-56,256

-44,887

87,108

115,779

74,729

69,394

-49,046

-92,763

-83,559

0

0

0

-

-

-

-

-

-

-

0

-

0

0

0

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,918

2,422

2,235

2,159

2,055

1,828

2,497

2,838

1,592

1,511

756

453

981

1,079

1,048

721

282

859

1,357

1,654

1,614

2,862

0

0

0

Net proceeds from issuances of common stock

14,755

13,341

8,092

4,926

4,760

6,591

8,108

8,073

6,815

5,244

3,806

4,723

4,939

5,653

6,391

5,564

6,677

5,957

6,169

5,748

4,753

4,245

2,791

3,241

2,561

2,185

3,333

2,799

4,628

5,312

5,980

5,440

3,892

5,359

5,644

5,926

6,047

6,042

0

0

0

Net cash used in financing activities

-268,555

-264,023

-235,575

-225,704

-217,798

-139,603

-158,951

-214,492

-139,877

-202,145

-183,474

-143,092

-215,182

-217,891

-250,131

-315,285

-241,440

-187,785

-159,816

-102,574

-85,078

-120,207

-139,772

-157,117

-181,081

-189,049

-162,604

-154,859

-50,904

-23,081

-67,487

77,013

-74,489

-115,634

-19,946

-75,878

-140,166

-74,260

0

0

0

Effect of foreign exchange rate changes on cash and cash equivalents

-1,393

849

-946

-262

-1,127

-2,245

-950

-587

553

1,419

1,230

450

-163

-226

-509

-1,008

-869

-1,343

-1,260

-887

-923

-680

-1,105

-543

-1,200

-1,255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-26,037

-8,440

-7,462

-16,085

19,200

2,398

945

20,966

10,652

24,486

30,757

20,490

14,565

20,781

7,405

8,693

16,605

10,782

11,814

4,986

-3,206

4,969

-12,538

-8,666

-2,576

-54,292

-16,732

-9,676

3,976

58,097

24,939

16,580

-17,478

-110,825

-78,849

-69,130

-38,561

68,405

0

0

0