$WSO
WATSCO INC

2013 Q2 Form 10-Q Financial Statement

#000119312513317143 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $1.120B $1.012B
YoY Change 10.74% 14.52%
Cost Of Revenue $853.8M $773.3M
YoY Change 10.4% 15.36%
Gross Profit $266.7M $238.5M
YoY Change 11.83% 11.86%
Gross Profit Margin 23.8% 23.57%
Selling, General & Admin $161.6M $152.6M
YoY Change 5.89% 10.85%
% of Gross Profit 60.6% 63.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.400M $3.800M
YoY Change 15.79% 31.03%
% of Gross Profit 1.65% 1.59%
Operating Expenses $161.6M $152.6M
YoY Change 5.89% 10.85%
Operating Profit $105.1M $85.87M
YoY Change 22.38% 13.69%
Interest Expense $1.688M $1.350M
YoY Change 25.04% 35.41%
% of Operating Profit 1.61% 1.57%
Other Income/Expense, Net
YoY Change
Pretax Income $103.4M $84.52M
YoY Change 22.33% 13.4%
Income Tax $30.82M $23.62M
% Of Pretax Income 29.8% 27.95%
Net Earnings $51.32M $39.10M
YoY Change 31.24% 8.55%
Net Earnings / Revenue 4.58% 3.86%
Basic Earnings Per Share $1.48 $1.15
Diluted Earnings Per Share $1.48 $1.15
COMMON SHARES
Basic Shares Outstanding 32.18M shares 31.72M shares
Diluted Shares Outstanding 32.25M shares 31.78M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.50M $35.20M
YoY Change -27.56% 89.25%
Cash & Equivalents $25.53M $35.21M
Short-Term Investments
Other Short-Term Assets $17.83M $20.34M
YoY Change -12.33% 24.8%
Inventory $692.0M $672.4M
Prepaid Expenses
Receivables $525.6M $509.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.261B $1.238B
YoY Change 1.89% 14.31%
LONG-TERM ASSETS
Property, Plant & Equipment $43.91M $43.44M
YoY Change 1.09% 20.0%
Goodwill $393.3M $387.0M
YoY Change 1.65%
Intangibles $208.4M $219.7M
YoY Change -5.14%
Long-Term Investments
YoY Change
Other Assets $6.388M $7.203M
YoY Change -11.31% 5.93%
Total Long-Term Assets $652.0M $657.3M
YoY Change -0.8% 51.03%
TOTAL ASSETS
Total Short-Term Assets $1.261B $1.238B
Total Long-Term Assets $652.0M $657.3M
Total Assets $1.913B $1.895B
YoY Change 0.96% 24.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $242.9M $272.4M
YoY Change -10.82% -22.03%
Accrued Expenses $118.8M $108.9M
YoY Change 9.12% 13.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $361.8M $381.3M
YoY Change -5.13% -14.36%
LONG-TERM LIABILITIES
Long-Term Debt $398.3M $235.6M
YoY Change 69.03% 262.52%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $398.3M $235.6M
YoY Change 69.03% 262.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $361.8M $381.3M
Total Long-Term Liabilities $398.3M $235.6M
Total Liabilities $760.1M $617.0M
YoY Change 23.19% -15.47%
SHAREHOLDERS EQUITY
Retained Earnings $298.9M $410.9M
YoY Change -27.27%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $114.4M $114.4M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $794.9M $907.0M
YoY Change
Total Liabilities & Shareholders Equity $1.913B $1.895B
YoY Change 0.96% 24.84%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $51.32M $39.10M
YoY Change 31.24% 8.55%
Depreciation, Depletion And Amortization $4.400M $3.800M
YoY Change 15.79% 31.03%
Cash From Operating Activities -$59.40M -$69.10M
YoY Change -14.04% -2659.26%
INVESTING ACTIVITIES
Capital Expenditures -$3.900M -$3.000M
YoY Change 30.0% -25.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K -$82.10M
YoY Change -100.12% 131.92%
Cash From Investing Activities -$3.800M -$85.10M
YoY Change -95.53% 115.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 67.40M 171.3M
YoY Change -60.65% 765.15%
NET CHANGE
Cash From Operating Activities -59.40M -69.10M
Cash From Investing Activities -3.800M -85.10M
Cash From Financing Activities 67.40M 171.3M
Net Change In Cash 4.200M 17.10M
YoY Change -75.44% -200.59%
FREE CASH FLOW
Cash From Operating Activities -$59.40M -$69.10M
Capital Expenditures -$3.900M -$3.000M
Free Cash Flow -$55.50M -$66.10M
YoY Change -16.04% -1086.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5180000
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-4840000
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-340000
CY2013Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.40 pure
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-9461000
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1090067000
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.50
CY2013Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.60 pure
CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q2 us-gaap Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
62877000
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
361777000
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9781000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35207000
CY2013Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
398288000
CY2013Q2 us-gaap Minority Interest
MinorityInterest
295178000
CY2013Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
398276000
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1913009000
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6388000
CY2013Q2 us-gaap Goodwill
Goodwill
393332000
CY2013Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
208393000
CY2013Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
525613000
CY2013Q2 us-gaap Inventory Net
InventoryNet
692006000
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
114425000
CY2013Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
599713000
CY2013Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
242933000
CY2013Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
5846000
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
794889000
CY2013Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
12000
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
298880000
CY2013Q2 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
4000
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
118840000
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-320000
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
43912000
CY2013Q2 us-gaap Assets
Assets
1913009000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25531000
CY2013Q2 us-gaap Other Assets Current
OtherAssetsCurrent
17834000
CY2013Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
223000
CY2013Q2 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
1331000
CY2013Q2 us-gaap Assets Current
AssetsCurrent
1260984000
CY2013Q2 wso Number Of Joint Ventures
NumberOfJointVentures
3 Entity
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-352000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15673000
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.50
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q4 us-gaap Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
61461000
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
282358000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2102000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1785000
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1022040000
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
316196000
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
592820000
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
184957000
CY2012Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
4844000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
748214000
CY2012Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
14000
CY2012Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
197000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
251475000
CY2012Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
4000
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
97397000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-317000
CY2012Q4 us-gaap Minority Interest
MinorityInterest
273826000
CY2012Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
316182000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1682055000
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6999000
CY2012Q4 us-gaap Goodwill
Goodwill
397262000
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
219501000
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
377655000
CY2012Q4 us-gaap Inventory Net
InventoryNet
546083000
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
114425000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
42842000
CY2012Q4 us-gaap Assets
Assets
1682055000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
73770000
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
17943000
CY2012Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
226000
CY2012Q4 us-gaap Assets Current
AssetsCurrent
1015451000
dei Trading Symbol
TradingSymbol
WSO
dei Entity Registrant Name
EntityRegistrantName
WATSCO INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000105016
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
85543 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.87
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.87
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32231246 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
61024 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-76907000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Reclassifications</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Certain reclassifications of prior year amounts have been made to conform to the 2013 presentation. These reclassifications had no effect on net income or earnings per share as previously reported.</font></p> </div>
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.50
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The preparation of condensed consolidated unaudited financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated unaudited financial statements and the reported amounts of revenues and expenses for the reporting period. Significant estimates include valuation reserves for accounts receivable, inventories and income taxes, reserves related to self-insurance programs and the valuation of goodwill and indefinite lived intangible assets. While we believe that these estimates are reasonable, actual results could differ from such estimates.</font></p> </div>
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32170222 shares
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6964000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3000
us-gaap Profit Loss
ProfitLoss
93671000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
80228000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17298000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
13988000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
60137000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
31489000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
116000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
60143000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
132769000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-13440000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
150636000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-456000
us-gaap Revenues
Revenues
1834085000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
57024000
us-gaap Gross Profit
GrossProfit
442126000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2864000
us-gaap Operating Income Loss
OperatingIncomeLoss
135639000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-3000
us-gaap Net Income Loss
NetIncomeLoss
64703000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
148858000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-7676000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-13443000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1391959000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
23204000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36257000
us-gaap Share Based Compensation
ShareBasedCompensation
4274000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
186000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-48239000
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-2000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
306487000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39098000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-786000
us-gaap Interest Expense
InterestExpense
2870000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
110843000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
676000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
161000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8720000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
116000
us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
4566000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6803000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
28968000
wso Participating Securities Distributed And Undistributed Earnings After Dilution
ParticipatingSecuritiesDistributedAndUndistributedEarningsAfterDilution
4560000
wso Stock Issued For Employee Benefit Plans
StockIssuedForEmployeeBenefitPlans
1689000
wso Percentage Of Total Purchases From Related Party
PercentageOfTotalPurchasesFromRelatedParty
0.56 pure
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
58301 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.41
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31309088 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
72173 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
19567 shares
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.36
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-59642000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.24
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1269000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31236915 shares
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6891000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
12000
us-gaap Stock Issued1
StockIssued1
93250000
us-gaap Profit Loss
ProfitLoss
74394000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
65740000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
41003000
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
16848000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1740222000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
44272000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
9991000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
82148000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
742000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
44273000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1449000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
103542000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8666000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
137881000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1157000
us-gaap Revenues
Revenues
1645313000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42742000
us-gaap Gross Profit
GrossProfit
389097000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1892000
us-gaap Operating Income Loss
OperatingIncomeLoss
105780000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
46891000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
23000
us-gaap Net Income Loss
NetIncomeLoss
47570000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
154240000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-4840000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8654000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1256216000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
22998000
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
807000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
168035000
us-gaap Share Based Compensation
ShareBasedCompensation
3966000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
134000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
19534000
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
11000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
283317000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29148000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
23000
us-gaap Interest Expense
InterestExpense
2238000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
143049000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3189000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
11000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
157000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6857000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
742000
us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
3298000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-88882000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26824000
wso Pro Forma Net Income Loss Attributable To Noncontrolling Interest
ProFormaNetIncomeLossAttributableToNoncontrollingInterest
-26710000
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31783707 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
66503 shares
CY2012Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
19567 shares
CY2012Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.13
CY2012Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.62
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1319000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31717204 shares
wso Participating Securities Distributed And Undistributed Earnings After Dilution
ParticipatingSecuritiesDistributedAndUndistributedEarningsAfterDilution
3297000
wso Business Acquisitions Pro Forma Proft Loss
BusinessAcquisitionsProFormaProftLoss
73601000
wso Stock Issued For Employee Benefit Plans
StockIssuedForEmployeeBenefitPlans
1772000
wso Percentage Of Total Purchases From Related Party
PercentageOfTotalPurchasesFromRelatedParty
0.57 pure
wso Payment Of Fees Related To Revolving Credit Agreement
PaymentOfFeesRelatedToRevolvingCreditAgreement
2070000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-4000
CY2012Q2 us-gaap Profit Loss
ProfitLoss
60901000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
52231000
CY2012Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
10064000
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
36399000
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36401000
CY2012Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1449000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
84521000
CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8666000
CY2012Q2 us-gaap Revenues
Revenues
1011801000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
34259000
CY2012Q2 us-gaap Gross Profit
GrossProfit
238475000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
85871000
CY2012Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
38799000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-6000
CY2012Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1036245000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
39103000
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8670000
CY2012Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
773326000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
17972000
CY2012Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
223000
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
152604000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23620000
CY2012Q2 us-gaap Interest Expense
InterestExpense
1350000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-2000
CY2012Q2 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
2704000
CY2012Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21798000
CY2012Q2 wso Pro Forma Net Income Loss Attributable To Noncontrolling Interest
ProFormaNetIncomeLossAttributableToNoncontrollingInterest
-21629000
CY2012Q2 wso Participating Securities Distributed And Undistributed Earnings After Dilution
ParticipatingSecuritiesDistributedAndUndistributedEarningsAfterDilution
2702000
CY2012Q2 wso Percentage Of Total Purchases From Related Party
PercentageOfTotalPurchasesFromRelatedParty
0.60 pure
CY2012Q2 wso Business Acquisitions Pro Forma Proft Loss
BusinessAcquisitionsProFormaProftLoss
60428000
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
47695000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
103397000
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8377000
CY2013Q2 us-gaap Revenues
Revenues
1120452000
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.48
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32248855 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
66279 shares
CY2013Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32182576 shares
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-11000
CY2013Q2 us-gaap Profit Loss
ProfitLoss
72582000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
64194000
CY2013Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
8693000
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
47689000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
46516000
CY2013Q2 us-gaap Gross Profit
GrossProfit
266680000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
105085000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-17000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
51318000
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8388000
CY2013Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
853772000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
17678000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
161595000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30815000
CY2013Q2 us-gaap Interest Expense
InterestExpense
1688000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-6000
CY2013Q2 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
3629000
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21264000
CY2013Q2 wso Participating Securities Distributed And Undistributed Earnings After Dilution
ParticipatingSecuritiesDistributedAndUndistributedEarningsAfterDilution
3623000
CY2013Q2 wso Percentage Of Total Purchases From Related Party
PercentageOfTotalPurchasesFromRelatedParty
0.57 pure

Files In Submission

Name View Source Status
0001193125-13-317143-index-headers.html Edgar Link pending
0001193125-13-317143-index.html Edgar Link pending
0001193125-13-317143.txt Edgar Link pending
0001193125-13-317143-xbrl.zip Edgar Link pending
d539994d10q.htm Edgar Link pending
d539994dex101.htm Edgar Link pending
d539994dex311.htm Edgar Link pending
d539994dex312.htm Edgar Link pending
d539994dex313.htm Edgar Link pending
d539994dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
g539994g33a73.jpg Edgar Link pending
g539994g84e16.jpg Edgar Link pending
R1.htm Edgar Link pending
R1.xml Edgar Link unprocessable
R10.htm Edgar Link pending
R10.xml Edgar Link unprocessable
R11.htm Edgar Link pending
R11.xml Edgar Link unprocessable
R12.htm Edgar Link pending
R12.xml Edgar Link unprocessable
R13.htm Edgar Link pending
R13.xml Edgar Link unprocessable
R14.htm Edgar Link pending
R14.xml Edgar Link unprocessable
R15.htm Edgar Link pending
R15.xml Edgar Link unprocessable
R16.htm Edgar Link pending
R16.xml Edgar Link unprocessable
R17.htm Edgar Link pending
R17.xml Edgar Link unprocessable
R18.htm Edgar Link pending
R18.xml Edgar Link unprocessable
R19.htm Edgar Link pending
R19.xml Edgar Link unprocessable
R2.htm Edgar Link pending
R2.xml Edgar Link unprocessable
R20.htm Edgar Link pending
R20.xml Edgar Link unprocessable
R21.htm Edgar Link pending
R21.xml Edgar Link unprocessable
R22.htm Edgar Link pending
R22.xml Edgar Link unprocessable
R23.htm Edgar Link pending
R23.xml Edgar Link unprocessable
R24.htm Edgar Link pending
R24.xml Edgar Link unprocessable
R25.htm Edgar Link pending
R25.xml Edgar Link unprocessable
R26.htm Edgar Link pending
R26.xml Edgar Link unprocessable
R27.htm Edgar Link pending
R27.xml Edgar Link unprocessable
R28.htm Edgar Link pending
R28.xml Edgar Link unprocessable
R29.htm Edgar Link pending
R29.xml Edgar Link unprocessable
R3.htm Edgar Link pending
R3.xml Edgar Link unprocessable
R30.htm Edgar Link pending
R30.xml Edgar Link unprocessable
R31.htm Edgar Link pending
R31.xml Edgar Link unprocessable
R32.htm Edgar Link pending
R32.xml Edgar Link unprocessable
R33.htm Edgar Link pending
R33.xml Edgar Link unprocessable
R34.htm Edgar Link pending
R34.xml Edgar Link unprocessable
R35.htm Edgar Link pending
R35.xml Edgar Link unprocessable
R36.htm Edgar Link pending
R36.xml Edgar Link unprocessable
R37.htm Edgar Link pending
R37.xml Edgar Link unprocessable
R4.htm Edgar Link pending
R4.xml Edgar Link unprocessable
R5.htm Edgar Link pending
R5.xml Edgar Link unprocessable
R6.htm Edgar Link pending
R6.xml Edgar Link unprocessable
R7.htm Edgar Link pending
R7.xml Edgar Link unprocessable
R8.htm Edgar Link pending
R8.xml Edgar Link unprocessable
R9.htm Edgar Link pending
R9.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending
wso-20130630.xml Edgar Link completed
wso-20130630.xsd Edgar Link pending
wso-20130630_cal.xml Edgar Link unprocessable
wso-20130630_def.xml Edgar Link unprocessable
wso-20130630_lab.xml Edgar Link unprocessable
wso-20130630_pre.xml Edgar Link unprocessable