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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 60,150 $ 82,894
Accounts receivable, net 640,802 501,908
Inventories 970,475 837,129
Other current assets 19,400 19,875
Total current assets 1,690,827 1,441,806
Property and equipment, net 97,926 91,046
Operating lease right-of-use assets 225,366  
Goodwill 407,009 391,998
Intangible assets, net 171,310 147,851
Other assets 100,621 88,332
Total assets 2,693,059 2,161,033
Current liabilities:    
Current portion of other long-term obligations 67,587 246
Accounts payable 311,317 200,229
Accrued expenses and other current liabilities 163,384 157,091
Total current liabilities 542,288 357,566
Long-term obligations:    
Borrowings under revolving credit agreement 169,300 135,200
Operating lease liabilities, net of current portion 157,503  
Other long-term obligations, net of current portion 1,863 552
Total long-term obligations 328,666 135,752
Deferred income taxes and other liabilities 69,083 66,002
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value
Paid-in capital 894,917 832,121
Accumulated other comprehensive loss, net of tax (42,040) (45,968)
Retained earnings 656,187 627,969
Treasury stock, at cost (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,443,109 1,347,849
Non-controlling interest 309,913 253,864
Total shareholders' equity 1,753,022 1,601,713
Total liabilities and shareholders' equity 2,693,059 2,161,033
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,734 18,476
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,751 $ 2,691