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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 79,573 $ 74,454
Accounts receivable, net 676,569 533,810
Inventories 854,368 920,786
Other current assets 20,959 17,680
Total current assets 1,631,469 1,546,730
Property and equipment, net 97,143 98,523
Operating lease right-of-use assets 226,544 223,369
Goodwill 408,772 411,217
Intangible assets, net 163,638 172,004
Investment in unconsolidated entity 99,950 94,833
Other assets 9,211 9,485
Total assets 2,636,727 2,556,161
Current liabilities:    
Current portion of lease liabilities 69,823 69,421
Accounts payable 377,445 239,666
Accrued expenses and other current liabilities 191,590 152,630
Total current liabilities 638,858 461,717
Long-term obligations:    
Borrowings under revolving credit agreement 33,357 155,700
Operating lease liabilities, net of current portion 157,214 154,271
Finance lease liabilities, net of current portion 2,315 2,009
Total long-term obligations 192,886 311,980
Deferred income taxes and other liabilities 68,901 67,697
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value
Paid-in capital 928,845 907,877
Accumulated other comprehensive loss, net of tax (46,268) (39,050)
Retained earnings 620,272 632,507
Treasury stock, at cost (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,437,039 1,435,427
Non-controlling interest 299,043 279,340
Total shareholders' equity 1,736,082 1,714,767
Total liabilities and shareholders' equity 2,636,727 2,556,161
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,804 18,768
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,826 $ 2,765