Watsco Inc (WSO)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 634,139 | 703,696 | 498,735 | 323,172 | 295,775 |
| Depreciation Amortization | 35,090 | 31,683 | 28,127 | 25,908 | 24,512 |
| Income taxes - deferred | -7,179 | 13,466 | 5,939 | 40 | 1,278 |
| Accounts receivable | -36,035 | -60,154 | -130,414 | -3,559 | 8,457 |
| Other Working Capital | -119,796 | -196,692 | -201,693 | 167,146 | -207 |
| Other Operating Activity | 55,735 | 79,965 | 148,872 | 21,672 | 5,956 |
| Operating Cash Flow | $561,954 | $571,964 | $349,566 | $534,379 | $335,771 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -34,172 | -33,789 | -24,108 | -16,342 | -16,425 |
| Net Acquisitions | -3,822 | -47 | -129,462 | N/A | -59,672 |
| Purchase Of Investment | -2,849 | 0 | 0 | N/A | -4,940 |
| Sale Of Investment | 0 | 0 | 5,993 | 0 | 0 |
| Other Investing Activity | -500 | 0 | -1,000 | 0 | 0 |
| Investing Cash Flow | $-41,343 | $-33,836 | $-148,577 | $-16,342 | $-81,037 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 15,400 | 0 | 0 | -155,700 | 20,500 |
| Debt Repayment | -60,445 | -35,642 | 86,960 | -1,441 | -1,240 |
| Common Stock Issued | 44,306 | 20,422 | 21,014 | 19,257 | 13,341 |
| Common Stock Repurchased | -2,828 | -87,107 | -1,092 | -2,299 | -1,528 |
| Dividend Paid | -382,646 | -332,447 | -294,522 | -265,713 | -241,412 |
| Other Financing Activity | -73,863 | -69,184 | -40,962 | -42,597 | -53,684 |
| Financing Cash Flow | $-460,076 | $-503,958 | $-228,602 | $-448,493 | $-264,023 |
| Exchange Rate Effect | 2,072 | -4,933 | -186 | 2,069 | 849 |
| Beginning Cash Position | 147,505 | 118,268 | 146,067 | 74,454 | 82,894 |
| End Cash Position | 210,112 | 147,505 | 118,268 | 146,067 | 74,454 |
| Net Cash Flow | $62,607 | $29,237 | $-27,799 | $71,613 | $-8,440 |
| Free Cash Flow | |||||
| Operating Cash Flow | 561,954 | 571,964 | 349,566 | 534,379 | 335,771 |
| Capital Expenditure | -35,478 | -35,652 | -25,464 | -16,436 | -17,805 |
| Free Cash Flow | 526,476 | 536,312 | 324,102 | 517,943 | 317,966 |