Financial Statements

Watsco, Inc. (WSO)

$246.68

-0.58 (-0.23%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 636633628595-
Net Income 419323246243208
Stock Dividends -761-54--0550
Dividend Paid -295-266-241-209-164
Retained Earnings -636633628595

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 983229191-
Annual Depreciation 305-22424917109
Capital Expenditure -240-18-17-18
Net PPE 380983229191

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -383392411412
New Purchases -----
Intangible and Goodwill 383392411412-

Watsco, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Watsco, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.