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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues $ 1,536,671 $ 1,394,915 $ 3,900,212 $ 3,698,047
Cost of sales 1,162,908 1,060,224 2,959,635 2,801,612
Gross profit 373,763 334,691 940,577 896,435
Selling, general and administrative expenses 221,037 212,902 618,476 589,523
Other income 4,055 3,530 9,172 7,939
Operating income 156,781 125,319 331,273 314,851
Interest expense, net 108 1,434 1,181 3,422
Income before income taxes 156,673 123,885 330,092 311,429
Income taxes 30,467 24,230 63,397 60,060
Net income 126,206 99,655 266,695 251,369
Less: net income attributable to non-controlling interest 19,717 16,175 43,126 42,697
Net income attributable to Watsco, Inc. $ 106,489 $ 83,480 $ 223,569 $ 208,672
Earnings per share for Common and Class B common stock:        
Basic $ 2.77 $ 2.20 $ 5.83 $ 5.54
Diluted $ 2.76 $ 2.20 $ 5.82 $ 5.54