Watsco
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Watsco's past years’ income statements indicate that its last revenue has increased compared to the previous period by 0% to $7,283,767,000. Profit margin reached 7%. Total operating expenses were $1,197,330,000.
Profit Margin
| 2014 | 3.94B | 151.38M | 3.84% |
|---|---|---|---|
| 2015 | 4.11B | 172.92M | 4.2% |
| 2016 | 4.22B | 182.81M | 4.33% |
| 2017 | 4.34B | 208.22M | 4.8% |
| 2018 | 4.54B | 242.93M | 5.34% |
| 2019 | 4.77B | 245.95M | 5.16% |
| 2020 | 5.05B | 269.57M | 5.33% |
| 2021 | 6.28B | 418.94M | 6.67% |
| 2022 | 7.27B | 601.16M | 8.26% |
| 2023 | 7.28B | 536.33M | 7.36% |
WSO Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 7.28B | 7.27B | 6.28B | 5.05B | 4.77B | 4.54B | 4.34B | 4.22B | 4.11B | 3.94B |
Cost of revenue | 5.29B | 5.24B | 4.61B | 3.83B | 3.61B | 3.42B | 3.27B | 3.18B | 3.10B | 2.98B |
Gross profit | 1.99B | 2.03B | 1.66B | 1.22B | 1.15B | 1.12B | 1.06B | 1.03B | 1.00B | 956.40M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 82.6M | 86.62M | 70.45M | 55.01M | 54.78M | 51.74M | 47.67M | 42.80M | 41.34M | 43.32M |
Total operating expenses | 1.19B | 1.22B | 1.05B | 833.05M | 800.32M | 757.45M | 715.67M | 688.95M | 670.60M | 650.65M |
Operating income | 771.42M | 831.57M | 628.52M | 401.03M | 366.88M | 372.08M | 353.87M | 345.63M | 336.74M | 305.74M |
Other income (expenses), net | 18.46M | -2.16M | -996K | -1.23M | -4.03M | 9.28M | -6.36M | -3.71M | -5.54M | -5.20M |
Income before tax | 789.89M | 829.41M | 627.53M | 399.79M | 362.85M | 369.34M | 347.51M | 341.91M | 331.20M | 300.54M |
Income tax expense | 155.75M | 125.71M | 128.79M | 76.62M | 67.07M | 72.81M | 90.22M | 105.93M | 104.67M | 91.83M |
Net income | 536.33M | 601.16M | 418.94M | 269.57M | 245.95M | 242.93M | 208.22M | 182.81M | 172.92M | 151.38M |
Earnings per share | ||||||||||
Basic EPS | 13.67 | 15.46 | 10.83 | 7.03 | 6.51 | 6.48 | 5.12 | 4.73 | 4.51 | 4 |
Diluted EPS | 13.67 | 15.41 | 10.78 | 7.01 | 6.5 | 6.48 | 5.12 | 4.73 | 4.51 | 4 |
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