Watsco inc (WSO)
Income statement / Quarterly
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'10Sep'09Jun'09
Revenues

1,008,156

1,072,315

1,394,915

1,371,854

931,278

991,326

1,296,007

1,332,743

926,577

964,345

1,229,591

1,275,924

872,095

913,611

1,241,232

1,214,435

851,424

903,816

1,177,012

1,223,439

808,972

876,787

1,134,999

1,170,186

762,568

827,352

1,081,893

1,120,452

713,633

765,540

1,020,859

1,011,801

633,512

645,833

914,039

883,548

534,339

657,248

812,787

864,805

509,755

741,895

404,971

Cost of sales

760,541

811,794

1,060,224

1,043,870

697,518

741,682

976,998

1,011,977

695,744

723,415

933,696

965,646

653,539

685,539

939,028

922,574

638,977

681,775

891,166

928,194

604,747

662,492

860,234

890,913

574,499

628,822

823,296

853,772

538,187

582,747

778,354

773,326

482,890

485,123

694,632

670,357

399,353

503,221

617,246

663,736

387,151

569,886

303,986

Gross profit

247,615

260,521

334,691

327,984

233,760

249,644

319,009

320,766

230,833

240,930

295,895

310,278

218,556

228,072

302,204

291,861

212,447

222,041

285,846

295,245

204,225

214,295

274,765

279,273

188,069

198,530

258,597

266,680

175,446

182,793

242,505

238,475

150,622

160,710

219,407

213,191

134,986

154,027

195,541

201,069

122,604

172,009

100,985

Selling, general and administrative expenses

203,386

210,805

212,902

196,549

180,072

191,933

200,408

186,577

178,534

181,156

183,728

180,930

169,857

169,998

182,904

174,271

161,779

167,840

175,166

170,386

157,217

162,319

169,527

166,293

152,516

158,415

163,142

161,595

144,892

149,362

156,808

152,604

130,713

128,210

145,096

137,662

118,276

132,232

131,548

130,150

113,739

130,557

74,691

Other income

1,014

2,317

3,530

2,965

1,444

791

3,696

3,157

1,638

-

2,294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

45,243

52,033

125,319

134,400

55,132

58,502

122,297

137,346

53,937

61,366

114,461

129,348

48,699

58,074

119,300

117,590

50,668

54,201

110,680

124,859

47,008

51,976

105,238

112,980

35,553

40,115

95,455

105,085

30,554

33,431

85,697

85,871

19,909

32,500

74,311

75,529

16,710

21,795

63,993

70,919

8,865

41,452

26,294

Interest expense, net

-790

-3,034

-1,434

1,212

-776

-1,891

-1,047

763

-565

-1,344

-2,117

-1,647

-1,255

-677

-996

-1,054

-986

-10,073

1,519

1,630

1,377

-8,996

1,534

1,247

1,009

1,179

1,781

1,688

1,182

1,242

1,185

1,350

888

1,287

1,352

997

822

830

869

894

897

1,031

344

Income before income taxes

44,453

51,423

123,885

133,188

54,356

58,137

121,250

136,583

53,372

60,022

112,344

127,701

47,444

57,397

118,304

116,536

49,682

53,180

109,161

123,229

45,631

50,560

103,704

111,733

34,544

38,936

93,674

103,397

29,372

32,189

84,512

84,521

19,021

31,213

72,959

74,532

15,888

20,965

63,124

70,025

7,968

40,421

25,950

Income taxes

8,206

7,017

24,230

25,278

10,552

9,135

24,364

28,319

10,995

7,366

32,325

36,854

13,676

17,530

37,786

35,112

15,508

16,841

34,517

38,988

14,331

15,777

32,573

33,348

10,141

11,006

27,556

30,815

8,283

8,512

24,981

23,620

5,529

8,683

21,141

22,260

4,766

6,443

19,606

21,818

2,493

13,280

9,668

Net income

36,247

44,406

99,655

107,910

43,804

49,002

96,886

108,264

42,377

52,656

80,019

90,847

33,768

39,867

80,518

81,424

34,174

36,339

74,644

84,241

31,300

34,783

71,131

78,385

24,403

27,930

66,118

72,582

21,089

23,677

59,531

60,901

13,492

22,530

51,818

52,272

11,122

14,522

43,518

48,207

5,475

27,141

16,282

Less: net income attributable to non-controlling interest

5,745

7,128

16,175

17,755

8,767

9,409

17,723

18,307

8,158

9,401

14,990

17,091

7,587

10,314

17,419

16,803

8,637

9,849

16,676

18,818

8,252

10,711

16,670

22,284

7,650

10,609

20,419

21,264

7,704

8,917

18,526

21,798

5,026

9,150

18,271

16,249

3,622

4,077

12,081

13,162

1,642

6,010

-

Net income attributable to Watsco, Inc.

30,502

37,278

83,480

90,155

35,037

39,593

79,163

89,957

34,219

43,255

65,029

73,756

26,181

29,553

63,099

64,621

25,537

26,490

57,968

65,423

23,048

24,072

54,461

56,101

16,753

17,321

45,699

51,318

13,385

14,760

41,005

39,103

8,466

13,380

33,547

36,023

7,500

10,445

31,437

35,045

3,833

21,131

16,282

Earnings per share for Common and Class B common stock:
Basic and Diluted

0.72

-

-

-

0.88

-

-

-

-

-

-

-

0.71

-

-

-

0.71

-

-

-

0.65

-

1.56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-

-

2.20

2.40

-

1.08

2.12

2.41

0.89

-

1.82

2.07

-

-

1.78

1.82

-

-

1.64

1.86

-

-

-

1.60

0.48

0.50

1.32

1.48

0.39

0.13

1.19

1.15

0.23

0.43

1.02

1.09

0.21

0.34

0.97

1.08

0.10

0.66

0.57

Diluted

-

-

2.20

2.40

-

1.09

2.11

2.40

0.89

-

1.82

2.07

-

-

1.78

1.82

-

-

1.64

1.85

-

-

-

1.60

0.48

0.49

1.32

1.48

0.39

0.13

1.19

1.15

0.23

0.42

1.02

1.09

0.21

0.34

0.97

1.08

0.10

0.66

0.56