WSO - Intrinsic Value and Financial Analysis - Watsco, Inc.

Watsco, Inc. WSO

Industrials - Industrial - Distribution - NYSE - US

Watchlist

$ 520.74

-0.961 %

$ 21 B

Market Cap

40.09

P/E

BALANCE SHEET

3.73 B ASSETS

Growth Rates

1Year 6.91%

3Years 14.31%

5Years 11.53%

7Years 10.32%

10Years 8.37%

1.16 B LIABILITIES

Growth Rates

1Year -6.16%

3Years 17.50%

5Years 15.78%

7Years 9.34%

10Years 7.94%

2.23 B EQUITY

Growth Rates

1Year 18.03%

3Years 14.47%

5Years 10.59%

7Years 12.05%

10Years 10.25%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Watsco, Inc.

3.73 B ASSETS
1.16 B LIABILITIES

Current Assets	2.39 B
Cash & Short-Term Investments	210 M
Receivables	798 M
Other Current Assets	1.38 B
Non-Current Assets	1.34 B
Long-Term Investments	149 M
PP&E	505 M
Other Non-Current Assets	683 M

Current Liabilities	712 M
Accounts Payable	369 M
Short-Term Debt	100 M
Other Current Liabilities	242 M
Non-Current Liabilities	401 M
Long-Term Debt	305 M
Other Non-Current Liabilities	96.5 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994	Dec-1993	Dec-1992	Dec-1991	Dec-1990	Dec-1989	Dec-1988	Jan-1988	Jan-1987	Jan-1986
ASSETS
Cash & Cash Equivalents	210.1	147.5	118.3	146.1	74.5	82.9	80.5	56.0	35.2	24.4	19.5	73.8	15.7	126.5	58.1	41.4	9.4	34.3	27.6	85.1	36.3	25.9	9.1	4.8	7.5	6.7	7.9	5.0	3.8	1.7	1.1	0.9	2.2	5.5	4.5	8.6	8.8	17.5	10.9
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Receivables	797.8	747.1	698.5	535.3	533.8	501.9	478.1	476.0	451.1	434.2	399.6	377.7	327.7	305.1	266.3	151.3	178.4	181.0	191.7	145.2	137.7	129.4	143.3	163.8	165.0	137.7	101.7	51.0	43.6	34.8	30.3	23.4	21.8	19.9	11.2	3.9	2.9	2.1	1.8
Inventory	1 347.3	1 370.2	1 115.5	793.9	920.8	837.1	761.3	685.0	674.0	678.0	583.2	546.1	465.3	391.9	410.1	250.9	288.1	291.0	266.5	218.7	194.3	176.4	185.9	205.8	223.9	202.6	173.3	87.6	59.7	49.3	49.0	36.7	37.7	36.0	19.5	3.5	3.7	2.7	3.4
Other Current Assets	36.7	34.0	29.2	21.8	17.7	19.9	17.5	23.2	21.0	20.7	18.9	17.9	19.5	14.5	20.8	13.0	11.3	11.5	8.1	8.5	9.2	13.9	18.8	18.2	18.7	24.0	35.2	15.4	5.3	7.8	6.3	0.9	0.8	1.4	1.1	1.1	1.0	0.3	0.2
Total Current Assets	2 391.9	2 298.7	1 961.4	1 497.0	1 546.7	1 441.8	1 337.4	1 240.2	1 181.3	1 157.3	1 021.1	1 015.5	828.2	838.0	755.3	456.7	487.2	517.8	494.0	457.7	377.5	345.6	357.2	392.5	415.1	371.0	318.1	159.0	112.4	93.6	86.7	61.9	62.5	62.8	36.3	17.1	16.4	22.6	16.3
PP&E	505.0	442.7	379.5	307.4	321.9	91.0	91.2	90.5	62.7	53.5	45.4	42.8	39.5	31.2	33.1	24.2	26.9	21.5	17.2	15.1	22.1	25.9	30.7	30.3	31.4	30.5	21.9	16.2	11.3	8.8	6.6	4.1	3.6	3.7	3.1	2.4	2.1	2.0	2.0
Intangible Assets	218.1	175.2	186.9	169.9	172.0	147.9	161.1	158.6	160.5	186.5	203.8	219.5	75.4	56.6	58.6	0	0	0	0	132.2	130.4	125.5	124.7	128.7	131.6	106.3	77.4	23.6	17.0	13.2	13.5	12.2	12.7	13.2	4.0	3.2	0	0	0
Goodwill	457.1	430.7	434.0	412.5	411.2	392.0	382.7	379.7	378.3	387.3	392.6	397.3	319.4	303.7	303.3	219.8	217.1	161.1	163.7	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	148.8	132.8	114.8	97.8	94.8	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	8.2	(173.9)	9.2	12.2	9.5	88.1	74.5	5.7	5.7	6.5	6.6	7.0	0	0	12.2	15.3	16.9	11.0	3.8	3.3	5.1	6.8	8.2	12.0	10.8	24.2	8.6	4.8	4.2	4.1	2.9	2.9	3.0	3.9	4.2	5.2	5.8	1.4	0.9
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	3 729.2	3 488.2	3 085.9	2 496.9	2 556.2	2 161.0	2 046.9	1 874.6	1 788.4	1 791.1	1 669.5	1 682.1	1 268.1	1 237.2	1 162.4	716.1	748.2	711.4	678.7	608.3	535.1	503.7	520.8	563.5	588.9	532.0	426.0	203.6	144.9	119.7	109.7	81.1	81.8	83.6	47.6	27.9	24.3	26.0	19.2
LIABILITIES
Accounts Payable	369.4	456.1	364.2	251.6	239.7	200.2	230.5	185.5	145.2	173.4	141.1	185.0	127.4	182.2	145.8	63.9	88.6	102.8	100.8	94.7	76.5	60.0	58.1	86.1	90.0	61.2	43.8	15.4	17.2	13.1	15.5	11.5	11.6	0	0	0	0	0	0
Short Term Debt	100.3	147.0	84.5	71.8	69.4	0.2	0.2	0.2	0.2	0.2	0.1	4 K	20.0	72 K	0.2	0.3	0.3	10.1	10.1	10.1	0.2	0.3	0.4	1.9	5.9	1.0	1.0	0.8	46.9	33.8	27.2	17.9	2.0	1.9	1.8	1.1	0.4	0.3	0.3
Other Current Liabilities	242.4	303.4	278.0	163.8	152.6	157.1	185.8	129.2	125.0	113.5	102.3	97.4	75.7	103.0	78.0	43.7	40.5	42.3	68.4	42.4	31.3	26.2	29.0	26.1	26.9	19.0	15.5	12.8	7.1	6.7	4.7	4.7	3.2	15.2	9.7	2.2	0.9	1.4	1.6
Total Current Liabilities	712.0	906.5	726.7	499.7	461.7	357.6	416.5	314.9	270.3	287.0	243.5	282.4	223.0	285.3	223.9	107.8	129.4	156.2	179.3	147.2	108.0	86.5	87.5	114.1	122.8	81.2	60.3	29.0	71.2	53.6	47.4	34.1	16.8	17.1	11.5	3.3	1.3	1.7	1.9
Long Term Debt	304.5	243.5	285.2	144.3	312.0	135.8	22.1	235.6	245.8	303.9	230.6	316.2	0	10.0	12.8	20.8	54.0	30.1	40.0	50.0	60.2	80.2	101.9	140.9	159.4	172.3	137.2	51.7	6.3	6.7	7.8	13.5	36.8	39.7	20.7	11.3	9.6	9.9	4.2
Deferred Tax Income	96.5	101.3	85.7	77.9	69.7	66.6	57.6	72.7	69.1	68.8	68.6	61.5	43.4	32.3	29.1	17.6	13.8	0	8.6	8.2	6.1	7.8	9.0	4.3	5.0	3.9	2.9	0.9	1.0	0.7	1.1	0	0	1.3	1.1	1.6	0	2.0	2.0
Other Liabilities	0	89.9	76.5	73.1	67.7	66.0	0	72.4	68.6	68.1	68.1	61.5	0	0.4	1.4	0	1.0	0.3	0.2	0.2	0	0	0	0	0	0	0	0	0	0	0	0	0	6.6	1.5	0	1.6	0	0
Total Liabilities	1 163.5	1 239.9	1 088.4	717.2	841.4	559.3	495.9	622.9	584.7	659.0	542.1	660.0	266.4	327.6	265.8	145.4	198.2	195.0	228.1	205.6	174.2	174.5	198.4	259.3	287.2	257.4	200.4	81.7	78.5	61.0	56.3	47.6	53.6	64.7	34.8	16.2	12.5	13.6	8.1
EQUITY
Common Stock	22.1	21.8	21.8	21.7	21.5	21.2	21.1	21.0	20.8	20.7	20.5	20.4	19.7	19.4	19.3	17.3	17.1	16.9	16.6	16.1	15.9	15.5	15.1	14.8	14.6	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	1 183.2	1 029.5	760.8	636.4	632.5	628.0	594.6	550.5	495.3	420.9	339.4	251.5	404.4	387.2	372.5	386.2	375.2	346.4	290.4	237.3	199.3	169.6	143.5	122.3	106.0	79.3	56.7	40.8	31.1	25.8	21.2	17.2	16.0	14.8	13.4	12.5	12.2	11.1	9.8
Other Accumulative Comprehensive Income/Loss	(42.3)	(47.7)	(34.2)	(34.9)	(39.0)	(46.0)	(34.2)	(43.5)	(46.9)	(23.7)	(11.5)	(2.1)	(0.4)	(0.6)	(0.8)	(1.1)	(0.4)	(0.1)	(36.4)	(22.2)	(14.4)	(12.5)	(11.8)	(5.9)	(6.7)	(25.0)	(14.2)	(15.0)	(11.3)	0	0	0	0	0	0	0	0	0	0
Total Equity	2 616.2	2 248.3	1 997.4	1 779.8	1 714.8	1 601.7	1 551.0	1 251.7	1 203.7	1 132.0	1 127.4	1 022.0	1 001.7	909.6	896.6	570.7	550.0	516.4	450.6	402.7	360.9	329.2	322.4	304.2	301.7	274.6	225.6	121.9	66.4	58.7	53.4	33.5	28.2	18.9	12.8	11.7	11.8	12.4	11.1
Total Liabilities and Equity	3 779.7	3 488.2	3 085.9	2 496.9	2 556.2	2 161.0	2 046.9	1 874.6	1 788.4	1 791.1	1 669.5	1 682.1	1 268.1	1 237.2	1 162.4	716.1	748.2	711.4	678.7	608.3	535.1	503.7	520.8	563.5	588.9	532.0	426.0	203.6	144.9	119.7	109.7	81.1	81.8	83.6	47.6	27.9	24.3	26.0	19.2
SHARES OUTSTANDING
Common Shares Outstanding	36.5	35.6	35.2	35.1	34.6	37.5	37.2	35.5	35.3	35.0	34.7	34.5	33.0	32.4	28.5	26.5	26.3	26.1	26.0	25.5	25.1	25.6	25.9	26.5	28.6	27.1	25.1	19.1	13.8	14.0	12.9	9.4	8.3	7.4	7.1	7.3	7.4	7.6	7.1

Balance Sheet

Premium Plan

Unlimited Plan