Watsco Inc
NYSE:WSO
Cash Flow Statement
Cash Flow Statement
Watsco Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
191
|
197
|
202
|
209
|
216
|
221
|
225
|
227
|
229
|
227
|
232
|
236
|
236
|
245
|
245
|
257
|
266
|
283
|
300
|
297
|
298
|
298
|
300
|
296
|
288
|
285
|
311
|
323
|
353
|
421
|
460
|
499
|
568
|
621
|
642
|
704
|
699
|
679
|
694
|
634
|
608
|
|
Depreciation & Amortization |
18
|
18
|
18
|
18
|
18
|
19
|
19
|
19
|
20
|
20
|
20
|
20
|
21
|
21
|
22
|
22
|
22
|
22
|
22
|
22
|
22
|
23
|
24
|
25
|
25
|
26
|
26
|
26
|
26
|
27
|
27
|
28
|
29
|
30
|
31
|
32
|
32
|
33
|
34
|
35
|
37
|
|
Change in Deffered Taxes |
0
|
0
|
9
|
0
|
0
|
3
|
1
|
5
|
0
|
4
|
3
|
3
|
0
|
3
|
3
|
(11)
|
0
|
(12)
|
(11)
|
8
|
0
|
8
|
7
|
1
|
0
|
2
|
2
|
0
|
0
|
0
|
1
|
6
|
0
|
8
|
8
|
13
|
0
|
13
|
13
|
(7)
|
0
|
|
Stock-Based Compensation |
10
|
11
|
11
|
11
|
12
|
12
|
12
|
13
|
13
|
12
|
12
|
12
|
13
|
13
|
14
|
13
|
14
|
14
|
15
|
16
|
16
|
16
|
16
|
17
|
18
|
19
|
21
|
22
|
23
|
24
|
25
|
25
|
27
|
28
|
29
|
29
|
28
|
27
|
28
|
30
|
0
|
|
Other Non-Cash Items |
11
|
10
|
13
|
13
|
13
|
11
|
13
|
14
|
14
|
17
|
17
|
18
|
19
|
17
|
15
|
14
|
14
|
12
|
11
|
12
|
14
|
15
|
14
|
14
|
18
|
17
|
18
|
18
|
15
|
15
|
15
|
18
|
24
|
26
|
26
|
20
|
21
|
17
|
15
|
20
|
19
|
|
Cash Taxes Paid |
0
|
0
|
0
|
83
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
99
|
0
|
0
|
0
|
48
|
0
|
0
|
0
|
115
|
0
|
0
|
0
|
70
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
125
|
0
|
0
|
0
|
106
|
0
|
0
|
0
|
188
|
0
|
|
Cash Interest Paid |
0
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
10
|
0
|
|
Change in Working Capital |
(36)
|
(72)
|
(101)
|
(95)
|
(144)
|
(118)
|
(55)
|
(42)
|
13
|
70
|
(5)
|
5
|
(3)
|
(12)
|
41
|
24
|
(61)
|
(53)
|
(135)
|
(168)
|
(77)
|
(85)
|
(47)
|
(0)
|
(8)
|
200
|
155
|
167
|
61
|
(108)
|
(21)
|
(202)
|
(340)
|
(343)
|
(318)
|
(197)
|
(140)
|
(332)
|
(279)
|
(120)
|
56
|
|
Cash from Operating Activities |
193
N/A
|
162
-16%
|
141
-13%
|
145
+3%
|
103
-29%
|
136
+32%
|
203
+49%
|
223
+10%
|
280
+26%
|
337
+20%
|
268
-21%
|
282
+5%
|
274
-3%
|
275
+0%
|
325
+18%
|
307
-6%
|
231
-25%
|
252
+9%
|
187
-26%
|
171
-9%
|
265
+55%
|
258
-3%
|
298
+15%
|
336
+13%
|
325
-3%
|
529
+63%
|
511
-3%
|
534
+5%
|
455
-15%
|
355
-22%
|
481
+36%
|
350
-27%
|
286
-18%
|
341
+19%
|
389
+14%
|
572
+47%
|
626
+9%
|
410
-35%
|
476
+16%
|
562
+18%
|
713
+27%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(13)
|
(13)
|
(13)
|
(22)
|
(23)
|
(30)
|
(33)
|
(24)
|
(23)
|
(15)
|
(12)
|
(44)
|
(45)
|
(48)
|
(48)
|
(18)
|
(17)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
(15)
|
(16)
|
(17)
|
(19)
|
(22)
|
(25)
|
(29)
|
(33)
|
(35)
|
(36)
|
(35)
|
(33)
|
(35)
|
(35)
|
(34)
|
|
Other Items |
0
|
0
|
0
|
2
|
2
|
3
|
3
|
1
|
1
|
1
|
1
|
1
|
1
|
(63)
|
(64)
|
(63)
|
(63)
|
0
|
(9)
|
(9)
|
(9)
|
(31)
|
(51)
|
(63)
|
(63)
|
(42)
|
(12)
|
0
|
6
|
(120)
|
(123)
|
(123)
|
(129)
|
(3)
|
0
|
2
|
(1)
|
(0)
|
(1)
|
(6)
|
(208)
|
|
Cash from Investing Activities |
(13)
N/A
|
(13)
-1%
|
(13)
+5%
|
(19)
-53%
|
(20)
-7%
|
(28)
-35%
|
(30)
-9%
|
(23)
+24%
|
(23)
+1%
|
(14)
+38%
|
(11)
+19%
|
(43)
-279%
|
(44)
-3%
|
(112)
-152%
|
(112)
0%
|
(81)
+27%
|
(81)
+1%
|
(16)
+80%
|
(26)
-62%
|
(26)
N/A
|
(27)
-3%
|
(48)
-79%
|
(69)
-43%
|
(81)
-17%
|
(81)
+0%
|
(58)
+28%
|
(28)
+53%
|
(16)
+41%
|
(11)
+31%
|
(140)
-1 137%
|
(145)
-4%
|
(149)
-3%
|
(158)
-6%
|
(36)
+77%
|
(35)
+3%
|
(34)
+3%
|
(36)
-7%
|
(33)
+10%
|
(35)
-9%
|
(41)
-17%
|
(242)
-485%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
3
|
3
|
3
|
4
|
5
|
6
|
6
|
6
|
7
|
6
|
7
|
6
|
5
|
5
|
9
|
253
|
255
|
256
|
251
|
7
|
5
|
5
|
8
|
13
|
15
|
16
|
19
|
19
|
21
|
22
|
17
|
21
|
22
|
21
|
26
|
20
|
25
|
41
|
39
|
44
|
317
|
|
Net Issuance of Debt |
(92)
|
(48)
|
70
|
75
|
116
|
90
|
(42)
|
(56)
|
(102)
|
(167)
|
(88)
|
(10)
|
44
|
113
|
65
|
(214)
|
(191)
|
(238)
|
(169)
|
113
|
48
|
76
|
52
|
19
|
15
|
(188)
|
(170)
|
(157)
|
(109)
|
79
|
(1)
|
87
|
211
|
87
|
4
|
(36)
|
(69)
|
135
|
92
|
(46)
|
(201)
|
|
Cash Paid for Dividends |
(45)
|
(50)
|
(63)
|
(70)
|
(81)
|
(91)
|
(95)
|
(99)
|
(104)
|
(110)
|
(115)
|
(128)
|
(135)
|
(142)
|
(157)
|
(164)
|
(173)
|
(190)
|
(200)
|
(209)
|
(223)
|
(229)
|
(235)
|
(241)
|
(243)
|
(251)
|
(258)
|
(266)
|
(273)
|
(280)
|
(288)
|
(295)
|
(302)
|
(312)
|
(322)
|
(332)
|
(352)
|
(361)
|
(371)
|
(383)
|
(384)
|
|
Other |
(46)
|
(62)
|
(150)
|
(130)
|
(125)
|
(107)
|
(29)
|
(39)
|
(40)
|
(43)
|
(52)
|
(86)
|
(129)
|
(118)
|
(101)
|
(78)
|
(30)
|
(42)
|
(41)
|
(50)
|
(48)
|
(78)
|
(61)
|
(55)
|
(56)
|
(24)
|
(42)
|
(45)
|
(44)
|
(23)
|
(22)
|
(42)
|
0
|
(65)
|
(65)
|
(156)
|
(159)
|
(156)
|
(156)
|
(76)
|
(65)
|
|
Cash from Financing Activities |
(181)
N/A
|
(157)
+13%
|
(140)
+11%
|
(120)
+14%
|
(85)
+29%
|
(103)
-21%
|
(160)
-56%
|
(188)
-18%
|
(240)
-28%
|
(314)
-31%
|
(249)
+21%
|
(218)
+12%
|
(215)
+1%
|
(143)
+34%
|
(184)
-28%
|
(202)
-10%
|
(140)
+31%
|
(214)
-53%
|
(159)
+26%
|
(140)
+12%
|
(218)
-56%
|
(226)
-4%
|
(236)
-4%
|
(264)
-12%
|
(269)
-2%
|
(446)
-66%
|
(451)
-1%
|
(449)
+1%
|
(405)
+10%
|
(202)
+50%
|
(294)
-45%
|
(229)
+22%
|
(111)
+51%
|
(270)
-143%
|
(356)
-32%
|
(504)
-41%
|
(554)
-10%
|
(341)
+38%
|
(396)
-16%
|
(460)
-16%
|
(333)
+28%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
(1)
|
(1)
|
(2)
|
(1)
|
(0)
|
(1)
|
1
|
(1)
|
(1)
|
0
|
2
|
5
|
4
|
2
|
(0)
|
(0)
|
(3)
|
(5)
|
(5)
|
(6)
|
(2)
|
(0)
|
2
|
(0)
|
|
Net Change in Cash |
(3)
N/A
|
(9)
-252%
|
(13)
-43%
|
5
N/A
|
(3)
N/A
|
5
N/A
|
12
+133%
|
11
-9%
|
17
+56%
|
9
-48%
|
8
-15%
|
21
+177%
|
15
-30%
|
21
+40%
|
31
+50%
|
25
-20%
|
11
-57%
|
21
+98%
|
1
-95%
|
3
+127%
|
19
+668%
|
(16)
N/A
|
(7)
+54%
|
(8)
-14%
|
(26)
-207%
|
24
N/A
|
33
+37%
|
72
+121%
|
43
-41%
|
17
-59%
|
45
+158%
|
(28)
N/A
|
17
N/A
|
32
+93%
|
(7)
N/A
|
29
N/A
|
30
+4%
|
33
+10%
|
45
+34%
|
63
+40%
|
138
+120%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
180
N/A
|
149
-17%
|
128
-14%
|
124
-3%
|
80
-35%
|
106
+32%
|
170
+61%
|
199
+17%
|
257
+29%
|
323
+26%
|
256
-21%
|
238
-7%
|
229
-4%
|
227
-1%
|
276
+22%
|
289
+4%
|
213
-26%
|
236
+11%
|
170
-28%
|
153
-10%
|
247
+61%
|
241
-3%
|
280
+16%
|
318
+14%
|
307
-3%
|
512
+67%
|
496
-3%
|
518
+4%
|
438
-16%
|
336
-23%
|
460
+37%
|
324
-29%
|
257
-21%
|
307
+20%
|
354
+15%
|
536
+52%
|
591
+10%
|
377
-36%
|
442
+17%
|
526
+19%
|
679
+29%
|