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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues $ 1,782,569 $ 1,536,671 $ 4,768,327 $ 3,900,212
Cost of sales 1,299,905 1,162,908 3,512,901 2,959,635
Gross profit 482,664 373,763 1,255,426 940,577
Selling, general and administrative expenses 281,922 221,037 766,231 618,476
Other income 6,057 4,055 16,267 9,172
Operating income 206,799 156,781 505,462 331,273
Interest expense, net 221 108 757 1,181
Income before income taxes 206,578 156,673 504,705 330,092
Income taxes 41,734 30,467 101,601 63,397
Net income 164,844 126,206 403,104 266,695
Less: net income attributable to non-controlling interest 23,979 19,717 63,045 43,126
Net income attributable to Watsco, Inc. $ 140,865 $ 106,489 $ 340,059 $ 223,569
Earnings per share for Common and Class B common stock:        
Basic $ 3.64 $ 2.77 $ 8.80 $ 5.83
Diluted $ 3.62 $ 2.76 $ 8.75 $ 5.82