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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 92,600 $ 74,454
Accounts receivable, net 644,124 533,810
Inventories 884,653 920,786
Other current assets 22,742 17,680
Total current assets 1,644,119 1,546,730
Property and equipment, net 97,660 98,523
Operating lease right-of-use assets 218,884 223,369
Goodwill 409,783 411,217
Intangible assets, net 164,551 172,004
Investment in unconsolidated entity 103,355 94,833
Other assets 9,333 9,485
Total assets 2,647,685 2,556,161
Current liabilities:    
Current portion of lease liabilities 71,174 69,421
Accounts payable 352,694 239,666
Accrued expenses and other current liabilities 185,630 152,630
Total current liabilities 609,498 461,717
Long-term obligations:    
Borrowings under revolving credit agreement 668 155,700
Operating lease liabilities, net of current portion 149,075 154,271
Finance lease liabilities, net of current portion 3,569 2,009
Total long-term obligations 153,312 311,980
Deferred income taxes and other liabilities 74,937 67,697
Commitments and contingencies  
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value
Paid-in capital 940,015 907,877
Accumulated other comprehensive loss, net of tax (43,245) (39,050)
Retained earnings 658,622 632,507
Treasury stock, at cost (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,489,612 1,435,427
Non-controlling interest 320,326 279,340
Total shareholders' equity 1,809,938 1,714,767
Total liabilities and shareholders' equity 2,647,685 2,556,161
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,830 18,768
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,830 $ 2,765