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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues $ 1,371,854 $ 1,332,743 $ 2,303,132 $ 2,259,320
Cost of sales 1,043,870 1,011,977 1,741,388 1,707,721
Gross profit 327,984 320,766 561,744 551,599
Selling, general and administrative expenses 196,549 186,577 376,621 365,111
Other income 2,965 3,157 4,409 4,795
Operating income 134,400 137,346 189,532 191,283
Interest expense, net 1,212 763 1,988 1,328
Income before income taxes 133,188 136,583 187,544 189,955
Income taxes 25,278 28,319 35,830 39,314
Net income 107,910 108,264 151,714 150,641
Less: net income attributable to non-controlling interest 17,755 18,307 26,522 26,465
Net income attributable to Watsco, Inc. $ 90,155 $ 89,957 $ 125,192 $ 124,176
Earnings per share for Common and Class B common stock:        
Basic $ 2.40 $ 2.41 $ 3.34 $ 3.33
Diluted $ 2.40 $ 2.40 $ 3.34 $ 3.32