Watsco Cash Flow Statement
WSO / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Watsco generated $570M in operating cash flow and $535M in free cash flow in FY2025. Free cash flow margin was 7.4% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 3.47 (safe zone, above 2.9 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $497.0M | $536.3M | $418.9M | $269.6M | $245.9M | $242.9M | $208.2M | $182.8M | $172.9M | $151.4M | $127.7M | $103.3M | $90.5M | $80.8M | $43.3M |
| Depreciation & Amortization | $43.8M | $40.8M | $28.1M | $25.9M | $24.5M | $22.1M | $22.0M | $20.1M | $19.1M | $17.9M | $17.7M | $15.9M | $11.7M | $10.8M | $8.5M |
| Operating Cash Flow | $569.6M | $773.1M | $349.6M | $534.4M | $335.8M | $170.6M | $306.5M | $281.7M | $222.8M | $145.0M | $150.3M | $173.3M | $61.5M | $152.8M | $88.3M |
| Capital Expenditures | $34.5M | $30.1M | $25.5M | $16.4M | $17.8M | $17.2M | $17.9M | $43.6M | $23.7M | $21.5M | $14.6M | $12.3M | $13.9M | $8.4M | $5.9M |
| Free Cash Flow | $535.1M | $743.0M | $324.1M | $517.9M | $318.0M | $153.4M | $288.6M | $238.2M | $199.2M | $123.5M | $135.7M | $161.0M | $47.5M | $144.4M | $82.4M |
| Dividends Paid | $473.8M | $423.5M | $294.5M | $265.7M | $241.4M | $209.2M | $164.1M | $127.6M | $98.5M | $69.9M | $39.8M | $256.2M | $73.3M | $66.0M | $57.1M |
| FCF Margin | 7.4% | 9.8% | 5.2% | 10.3% | 6.7% | 3.4% | 6.7% | 5.6% | 4.8% | 3.1% | 3.6% | 4.7% | 1.6% | 5.1% | 4.1% |