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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues $ 1,849,640 $ 1,355,385 $ 2,985,758 $ 2,363,541
Cost of sales 1,371,699 1,036,186 2,212,996 1,796,727
Gross profit 477,941 319,199 772,762 566,814
Selling, general and administrative expenses 266,697 194,053 484,309 397,439
Other income 5,539 4,103 10,210 5,117
Operating income 216,783 129,249 298,663 174,492
Interest expense, net 448 283 536 1,073
Income before income taxes 216,335 128,966 298,127 173,419
Income taxes 44,202 24,724 59,867 32,930
Net income 172,133 104,242 238,260 140,489
Less: net income attributable to non-controlling interest 28,031 17,664 39,066 23,409
Net income attributable to Watsco, Inc. $ 144,102 $ 86,578 $ 199,194 $ 117,080
Earnings per share for Common and Class B common stock:        
Basic $ 3.73 $ 2.26 $ 5.16 $ 3.03
Diluted $ 3.71 $ 2.26 $ 5.13 $ 3.02