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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 137,201 $ 146,067
Accounts receivable, net 771,042 535,288
Inventories, net 1,042,144 781,299
Other current assets 30,474 21,791
Total current assets 1,980,861 1,484,445
Property and equipment, net 105,842 98,225
Operating lease right-of-use assets 262,965 209,169
Goodwill 432,514 412,486
Intangible assets, net 187,662 169,929
Investment in unconsolidated entity 111,776 97,847
Other assets 9,301 12,246
Total assets 3,090,921 2,484,347
Current liabilities:    
Current portion of long-term obligations 82,712 71,804
Accounts payable 454,498 251,553
Accrued expenses and other current liabilities 259,483 163,788
Total current liabilities 796,693 487,145
Long-term obligations:    
Borrowings under revolving credit agreement 1,724 0
Operating lease liabilities, net of current portion 182,772 139,527
Finance lease liabilities, net of current portion 6,676 4,811
Total long-term obligations 191,172 144,338
Deferred income taxes and other liabilities 81,531 73,103
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value 0 0
Paid-in capital 988,310 950,915
Accumulated other comprehensive loss, net of tax (35,098) (34,867)
Retained earnings 756,992 636,373
Treasury stock, at cost (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,644,581 1,486,678
Non-controlling interest 376,944 293,083
Total shareholders' equity 2,021,525 1,779,761
Total liabilities and shareholders' equity 3,090,921 2,484,347
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,913 18,851
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,904 $ 2,846