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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 93,875 $ 146,067
Accounts receivable, net 596,513 535,288
Inventories, net 986,648 781,299
Other current assets 18,319 21,791
Total current assets 1,695,355 1,484,445
Property and equipment, net 100,378 98,225
Operating lease right-of-use assets 203,603 209,169
Goodwill 413,082 412,486
Intangible assets, net 169,931 169,929
Investment in unconsolidated entity 102,518 97,847
Other assets 7,397 12,246
Total assets 2,692,264 2,484,347
Current liabilities:    
Current portion of long-term obligations 72,767 71,804
Accounts payable 384,109 251,553
Accrued expenses and other current liabilities 173,944 163,788
Total current liabilities 630,820 487,145
Long-term obligations:    
Borrowings under revolving credit agreement 48,900 0
Operating lease liabilities, net of current portion 132,829 139,527
Finance lease liabilities, net of current portion 5,742 4,811
Total long-term obligations 187,471 144,338
Deferred income taxes and other liabilities 77,146 73,103
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value 0 0
Paid-in capital 966,536 950,915
Accumulated other comprehensive loss, net of tax (32,393) (34,867)
Retained earnings 622,944 636,373
Treasury stock, at cost (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,491,407 1,486,678
Non-controlling interest 305,420 293,083
Total shareholders' equity 1,796,827 1,779,761
Total liabilities and shareholders' equity 2,692,264 2,484,347
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,863 18,851
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,897 $ 2,846