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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues $ 6,280,192 $ 5,054,928 $ 4,770,362
Cost of sales 4,612,647 3,832,107 3,613,406
Gross profit 1,667,545 1,222,821 1,156,956
Selling, general and administrative expenses 1,058,316 833,051 800,328
Other income 19,299 11,264 10,256
Operating income 628,528 401,034 366,884
Interest expense, net 996 1,239 4,032
Income before income taxes 627,532 399,795 362,852
Income taxes 128,797 76,623 67,077
Net income 498,735 323,172 295,775
Less: net income attributable to non-controlling interest 79,790 53,593 49,825
Net income attributable to Watsco, Inc. $ 418,945 $ 269,579 $ 245,950
Earnings per share for Common and Class B common stock:      
Basic $ 10.83 $ 7.03 $ 6.51
Diluted $ 10.78 $ 7.01 $ 6.50