Watsco, Inc. (WSO.B)
NYSE: WSO.B · Real-Time Price · USD
321.76
+4.13 (1.30%)
At close: Jul 31, 2026
Watsco Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 560.52 | 587.59 | 635.74 | 634.14 | 703.7 | 498.74 |
Depreciation & Amortization | 44.01 | 43.75 | 40.82 | 35.09 | 31.68 | 28.13 |
Stock-Based Compensation | 34.44 | 35.34 | 35.02 | 30 | 28.82 | 25.37 |
Other Adjustments | 5.47 | 5.02 | -16.72 | -17.48 | 4.46 | -0.97 |
Change in Receivables | -30.02 | 83.43 | -85.56 | -36.04 | -60.15 | -130.41 |
Changes in Inventories | 120.95 | 11.96 | -41.68 | 64.62 | -259.86 | -243.66 |
Changes in Accounts Payable | -13.66 | -203.05 | 197.77 | -162.04 | 121.99 | 182.82 |
Changes in Other Operating Activities | 11.55 | 5.58 | 7.7 | 13.66 | 1.33 | -10.44 |
Operating Cash Flow | 733.26 | 569.61 | 773.1 | 561.95 | 571.96 | 349.57 |
Operating Cash Flow Growth | 71.90% | -26.32% | 37.57% | -1.75% | 63.62% | -34.59% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -27.13 | -34.55 | -30.09 | -35.48 | -35.65 | -25.46 |
Sale of Property, Plant & Equipment | 0.21 | 0.46 | 0.26 | 1.31 | 1.86 | 1.36 |
Purchases of Investments | - | -300 | -255.67 | - | - | - |
Proceeds from Sale of Investments | 400 | 255.67 | 0 | - | - | 5.99 |
Cash Acquisitions | 7.85 | -19.2 | -5.17 | -3.82 | -0.05 | -129.46 |
Other Investing Activities | -0.5 | -0.5 | - | -3.35 | - | -1 |
Investing Cash Flow | -128.61 | -98.12 | -290.67 | -41.34 | -33.84 | -148.58 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | -15.4 | 15.4 | - | - |
Short-Term Debt Repaid | - | - | 0 | -56.4 | -32.6 | 89 |
Net Short-Term Debt Issued (Repaid) | - | - | -15.4 | -41 | -32.6 | 89 |
Issuance of Common Stock | 32.14 | 46.48 | 326.09 | 44.31 | 20.42 | 21.01 |
Repurchase of Common Stock | -4.25 | -3.66 | -39.67 | -2.83 | -87.11 | -1.09 |
Net Common Stock Issued (Repurchased) | 27.9 | 42.82 | 286.42 | 41.48 | -66.69 | 19.92 |
Common Dividends Paid | -499.19 | -473.77 | -423.52 | -382.65 | -332.45 | -294.52 |
Other Financing Activities | -66.45 | -137.17 | -6.03 | -77.91 | -72.23 | -43 |
Financing Cash Flow | -531.24 | -568.12 | -158.53 | -460.08 | -503.96 | -228.6 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -2.2 | 3.64 | -7.74 | 2.07 | -4.93 | -0.19 |
Net Cash Flow | 71.21 | -92.99 | 316.16 | 62.61 | 29.24 | -27.8 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 706.13 | 535.06 | 743.01 | 526.48 | 536.31 | 324.1 |
Free Cash Flow Growth | 79.05% | -27.99% | 41.13% | -1.83% | 65.48% | -37.43% |
FCF Margin | 9.69% | 7.39% | 9.75% | 7.23% | 7.37% | 5.16% |
Free Cash Flow Per Share | 18.58 | 14.12 | 19.81 | 14.41 | 15.03 | 9.15 |
Levered Free Cash Flow | 611.44 | 320.68 | 695.41 | 411.19 | 428.06 | 439.33 |
Unlevered Free Cash Flow | 680.69 | 397.47 | 793.73 | 553.94 | 565.03 | 430.91 |