Value20202021202220232024TTMSelling/general/admin expenses833.05 M1.06 B1.22 B1.22 B1.29 B1.34 BResearch & development——————Operating income401.03 M628.53 M831.58 M794.81 M781.77 M755.01 MNon-Operating Income, Total—3.81 M————Interest expense, net of interest capitalized——————Non-Operating Income, excl. Interest Expenses—3.81 M————Unusual income/expense——————Pretax income399.8 M627.53 M829.41 M789.89 M802.64 M773.2 MEquity in earnings11.26 M19.3 M22.67 M26.18 M30.5 M28.62 MTaxes76.62 M128.8 M125.72 M155.75 M166.9 M157.48 MNon-controlling/minority interest53.59 M79.79 M102.53 M97.8 M99.45 M93.63 MAfter tax other income/expense——————Net income before discontinued operations269.58 M418.94 M601.17 M536.34 M536.29 M522.09 MDiscontinued operations——————Net income269.58 M418.94 M601.17 M536.34 M536.29 M522.09 MDilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders246.44 M381.72 M549.87 M499.4 M498.92 M486.02 MBasic earnings per share (Basic EPS)7.0310.8315.4613.7213.3412.87Diluted earnings per share (Diluted EPS)7.0110.7815.4113.6713.312.85Average basic shares outstanding35.07 M35.24 M35.56 M36.41 M37.39 M150.83 MDiluted shares outstanding35.15 M35.42 M35.68 M36.53 M37.51 M151.18 MEBITDA393.04 M608.25 M806.7 M765.94 M752.96 M757.9 MEBIT367.14 M580.13 M775.02 M730.85 M712.13 M714.73 MCost of revenue3.83 B4.61 B5.24 B5.29 B5.57 B5.34 BOther cost of goods sold——————Depreciation & amortization (cash flow)25.91 M28.13 M31.68 M35.09 M40.82 M43.17 M
Watsco Inc
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.