XML 68 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 73,770 $ 15,673
Accounts receivable, net 377,655 327,664
Inventories 546,083 465,349
Other current assets 17,943 19,491
Total current assets 1,015,451 828,177
Property and equipment, net 42,842 39,455
Goodwill 397,262 319,440
Intangible assets, net 219,501 75,366
Other assets 6,999 5,710
Assets, Total 1,682,055 1,268,148
Current liabilities:    
Current portion of long-term obligations 4 19
Borrowings under revolving credit agreement   20,000
Accounts payable 184,957 127,359
Accrued expenses and other current liabilities 97,397 75,661
Total current liabilities 282,358 223,039
Long-term obligations:    
Borrowings under revolving credit agreement 316,182  
Other long-term obligations, net of current portion 14  
Total long-term obligations 316,196  
Deferred income taxes and other liabilities 61,461 43,399
Commitments and contingencies      
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value, 10,000,000 shares authorized; no shares issued      
Paid-in capital 592,820 493,519
Accumulated other comprehensive loss, net of tax (2,102) (352)
Retained earnings 251,475 404,360
Treasury stock, at cost, 6,322,650 shares of Common stock and 48,263 shares of Class B common stock in 2012 and 2011 (114,425) (114,425)
Total Watsco, Inc. shareholders' equity 748,214 802,790
Noncontrolling interest 273,826 198,920
Total shareholders' equity 1,022,040 1,001,710
Total liabilities and shareholders' equity 1,682,055 1,268,148
Common Stock
   
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,131 17,338
Class B Common Stock
   
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,315 $ 2,350