Watsco Inc.
Income Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Revenue | $2.00B | $1.70B |
| Cost of Revenue | $1.52B | $1.26B |
| Gross Profit | $480.8M | $442.0M |
| Gross Margin | 24.0% | 26.0% |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | $399.8M | $343.4M |
| Operating Income | $81.1M | $98.6M |
| Operating Margin | 4.0% | 5.8% |
| Interest Expense | $2.7M | — |
| Pretax Income | $78.3M | $96.6M |
| Income Tax Expense | $26.8M | $36.2M |
| Net Income | $43.3M | $60.4M |
| Net Margin | 2.2% | 3.6% |
| EPS (Basic) | $1.42 | $2.14 |
| EPS (Diluted) | $1.40 | $2.09 |
| Shares Outstanding (Basic) | 28.2M | — |
| Shares Outstanding (Diluted) | 28.5M | — |
| Dividends Per Share | $1.89 | $1.75 |