ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Unaudited Pro Forma Financial Information from Joint Venture

The unaudited pro forma financial information, combining our results of operations with the operations of Carrier Enterprise III as if the joint venture had been formed on January 1, 2012, is as follows:


*Year ended December 31,*	2012
Revenues	$	3,526,621

Net income		156,728
Less: net income attributable to noncontrolling interest		54,153

Net income attributable to Watsco, Inc.	$	102,575


Diluted earnings per share for Common and Class B common stock	$	2.64

Carrier Enterprise III

Purchase Price Allocation for Joint Venture

The table below presents the allocation of the total consideration to tangible and intangible assets acquired, liabilities assumed and the noncontrolling interest from the acquisition of our 60% controlling interest in Carrier Enterprise III based on the respective fair values as of April 27, 2012:


Cash	$	10
Accounts receivable		46,718
Inventories		55,024
Other current assets		481
Property and equipment		2,517
Goodwill		65,291
Intangible assets		151,172
Other assets		978
Accounts payable and accrued expenses		(44,208	)
Noncontrolling interest		(104,244	)

Total purchase price	$	173,739