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WATSCO INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Revenues7,618.327,283.777,274.346,280.195,054.934,770.364,546.654,341.964,220.704,113.24
Total Revenues7,618.327,283.777,274.346,280.195,054.934,770.364,546.654,341.964,220.704,113.24
Cost of sales5,573.605,291.635,244.064,612.653,832.113,613.413,426.403,276.303,186.123,105.88
Cost of sales - restructuring--------------------
Gross Profit2,044.711,992.142,030.291,667.551,222.821,156.961,120.251,065.661,034.581,007.36
Selling, general and administrative expenses1,293.441,223.511,221.381,058.32833.05800.33757.45715.67688.95670.61
Restructuring activities--------------------
Other income30.5026.1822.6719.3011.2610.269.283.89----
Operating Income (Loss)781.78794.81831.58628.53401.03366.88372.08353.87345.63336.75
Interest expense, net(20.87)4.922.171.001.244.032.746.363.715.55
Income (loss) before income taxes802.64789.89829.41627.53399.80362.85369.34347.51341.92331.20
U.S. federal1.39(5.58)71.486.430.2248.3654.3569.0886.7285.59
Current : Federal115.99119.1310.7791.1658.902.60--------
Current : State30.3329.7527.2020.7012.919.3611.6310.649.809.43
Income taxes166.90155.75125.72128.8076.6267.0872.8190.22105.94104.68
Deferred : Foreign(1.54)(0.30)(1.00)(1.87)------------
Deferred : State0.38(1.30)3.701.370.020.45--------
Foreign20.3514.0513.5710.994.788.086.8410.509.429.66
Income from Continuing Operations--------------------
(Loss) income from discontinued operations, net of income taxes--------------------
Consolidated Net Income (Loss)635.74634.14703.70498.74323.17295.78296.53257.29235.98226.52
Net income attributable to the noncontrolling interest99.4597.80102.5379.7953.5949.8353.6049.0753.1753.60
Net income attributable to Watsco, Inc. shareholders536.29536.34601.17418.95269.58245.95------172.93
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock37.3936.9751.3737.2723.1420.4119.7917.4314.8113.63
Net income attributable to Watsco, Inc498.89499.37549.80381.67246.44225.54223.14190.79168.00159.30
Earnings allocated to Watsco, Inc. shareholders for diluted computation498.92----------------159.30
Net income from continuing operations--------------------
Net (loss) income from discontinued operations--------------------
Earnings per share for Common and Class B common stock:Basic13.3413.7215.4610.837.036.516.505.815.164.91
Net income from continuing operations--------------------
Net (loss) income from discontinued operations--------------------
Earnings per share for Common and Class B common stock:Diluted13.3013.6715.4110.787.016.506.495.815.154.90
Weighted average Common and Class B common shares37.3936.4135.5635.2435.0734.6534.3232.8332.5832.44
Weighted average Common and Class B common shares37.5136.5335.6835.4235.1534.6834.3732.8632.6232.48