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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 51,236 $ 74,454
Accounts receivable, net 574,827 533,810
Inventories 942,815 920,786
Other current assets 21,501 17,680
Total current assets 1,590,379 1,546,730
Property and equipment, net 97,443 98,523
Operating lease right-of-use assets 221,285 223,369
Goodwill 406,998 411,217
Intangible assets, net 160,736 172,004
Investment in unconsolidated entity 95,847 94,833
Other assets 9,141 9,485
Total assets 2,581,829 2,556,161
Current liabilities:    
Current portion of lease liabilities 69,344 69,421
Accounts payable 311,586 239,666
Accrued expenses and other current liabilities 139,544 152,630
Total current liabilities 520,474 461,717
Long-term obligations:    
Borrowings under revolving credit agreement 156,143 155,700
Operating lease liabilities, net of current portion 152,065 154,271
Finance lease liabilities, net of current portion 2,106 2,009
Total long-term obligations 310,314 311,980
Deferred income taxes and other liabilities 68,155 67,697
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value 0 0
Paid-in capital 920,190 907,877
Accumulated other comprehensive loss, net of tax (51,789) (39,050)
Retained earnings 601,771 632,507
Treasury stock, at cost (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,404,342 1,435,427
Non-controlling interest 278,544 279,340
Total shareholders' equity 1,682,886 1,714,767
Total liabilities and shareholders' equity 2,581,829 2,556,161
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,789 18,768
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,821 $ 2,765