| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||||
4,770 | 4,546 | 4,341 | 4,220 | 4,113 | 3,944 | 3,743 | 3,431 | 2,977 | 2,844 | 2,001 | 1,700 |
Cost of sales | |||||||||||
3,613 | 3,426 | 3,276 | 3,186 | 3,105 | 2,988 | 2,844 | 2,617 | 2,249 | 2,171 | 1,520 | 1,258 |
Gross profit | |||||||||||
1,156 | 1,120 | 1,065 | 1,034 | 1,007 | 956 | 899 | 814 | 728 | 673 | 480 | 441 |
Selling, general and administrative expenses | |||||||||||
800 | 757 | 715 | 688 | 670 | 650 | 628 | 589 | 529 | 507 | 399 | 343 |
Other income | |||||||||||
10 | 9 | 3 | - | - | - | - | - | - | - | - | - |
Operating income | |||||||||||
366 | 372 | 353 | 345 | 336 | 305 | 271 | 224 | 199 | 165 | 81 | 98 |
Interest expense, net | |||||||||||
-4 | -2 | -6 | -3 | -5 | -5 | 5 | 4 | 4 | 3 | 2 | 2 |
Income before income taxes | |||||||||||
362 | 369 | 347 | 341 | 331 | 300 | 265 | 220 | 194 | 162 | 78 | 96 |
Income taxes | |||||||||||
67 | 72 | 90 | 105 | 104 | 91 | 77 | 62 | 56 | 50 | 26 | 36 |
Net income | |||||||||||
295 | 296 | 257 | 235 | 226 | 208 | 187 | 157 | 137 | 111 | 51 | 60 |
Less: net income attributable to non-controlling interest | |||||||||||
49 | 53 | 49 | 53 | 53 | 57 | 59 | 54 | 47 | 30 | 8 | - |
Net income attributable to Watsco, Inc. | |||||||||||
245 | 242 | 208 | 182 | 172 | 151 | 127 | 103 | 90 | 80 | 43 | 60 |
Earnings per share for Common and Class B common stock: | |||||||||||
Basic | |||||||||||
6.51 | 6.50 | 5.81 | 5.16 | 4.91 | 4.33 | 3.69 | 2.70 | 2.75 | 2.49 | 1.42 | 2.14 |
Diluted | |||||||||||
6.50 | 6.49 | 5.81 | 5.15 | 4.90 | 4.32 | 3.68 | 2.70 | 2.74 | 2.49 | 1.40 | 2.09 |