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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 74,454 $ 82,894
Accounts receivable, net 533,810 501,908
Inventories 920,786 837,129
Other current assets 17,680 19,875
Total current assets 1,546,730 1,441,806
Property and equipment, net 98,523 91,046
Operating lease right-of-use assets 223,369  
Goodwill 411,217 391,998
Intangible assets, net 172,004 147,851
Investment in unconsolidated entity 94,833 80,157
Other assets 9,485 8,175
Total assets 2,556,161 2,161,033
Current liabilities:    
Current portion of other long-term obligations 69,421 246
Accounts payable 239,666 200,229
Accrued expenses and other current liabilities 152,630 157,091
Total current liabilities 461,717 357,566
Long-term obligations:    
Borrowings under revolving credit agreement 155,700 135,200
Operating lease liabilities, net of current portion 154,271  
Other long-term obligations, net of current portion 2,009 552
Total long-term obligations 311,980 135,752
Deferred income taxes and other liabilities 67,697 66,002
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value, 10,000,000 shares authorized; no shares issued
Paid-in capital 907,877 832,121
Accumulated other comprehensive loss, net of tax (39,050) (45,968)
Retained earnings 632,507 627,969
Treasury stock, at cost, 4,823,988 shares of Common stock and 48,263 shares of Class B common stock at both December 31, 2019 and 2018, respectively (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,435,427 1,347,849
Non-controlling interest 279,340 253,864
Total shareholders' equity 1,714,767 1,601,713
Total liabilities and shareholders' equity 2,556,161 2,161,033
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,768 18,476
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,765 $ 2,691