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v3.20.2

Condensed Consolidated Unaudited Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
Revenues | $ 1,355,385 | $ 1,371,854 | $ 2,363,541 | $ 2,303,132
Cost of sales | 1,036,186 | 1,043,870 | 1,796,727 | 1,741,388
Gross profit | 319,199 | 327,984 | 566,814 | 561,744
Selling, general and administrative expenses | 194,053 | 196,549 | 397,439 | 376,621
Other income | 4,103 | 2,965 | 5,117 | 4,409
Operating income | 129,249 | 134,400 | 174,492 | 189,532
Interest expense, net | 283 | 1,212 | 1,073 | 1,988
Income before income taxes | 128,966 | 133,188 | 173,419 | 187,544
Income taxes | 24,724 | 25,278 | 32,930 | 35,830
Net income | 104,242 | 107,910 | 140,489 | 151,714
Less: net income attributable to non-controlling interest | 17,664 | 17,755 | 23,409 | 26,522
Net income attributable to Watsco, Inc. | $ 86,578 | $ 90,155 | $ 117,080 | $ 125,192
Earnings per share for Common and Class B common stock: |  |  |  |
Basic | $ 2.26 | $ 2.40 | $ 3.03 | $ 3.34
Diluted | $ 2.26 | $ 2.40 | $ 3.02 | $ 3.34

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