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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues $ 1,223,439 $ 1,170,186 $ 2,032,411 $ 1,932,754
Cost of sales 928,194 890,913 1,532,941 1,465,412
Gross profit 295,245 279,273 499,470 467,342
Selling, general and administrative expenses 170,386 166,293 327,603 318,809
Operating income 124,859 112,980 171,867 148,533
Interest expense, net 1,630 1,247 3,007 2,256
Income before income taxes 123,229 111,733 168,860 146,277
Income taxes 38,988 33,348 53,319 43,489
Net income 84,241 78,385 115,541 102,788
Less: net income attributable to non-controlling interest 18,818 22,284 27,070 29,934
Net income attributable to Watsco, Inc. $ 65,423 $ 56,101 $ 88,471 $ 72,854
Earnings per share for Common and Class B common stock:        
Basic $ 1.86 $ 1.60 $ 2.52 $ 2.09
Diluted $ 1.85 $ 1.60 $ 2.51 $ 2.08