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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 118,268 $ 146,067
Accounts receivable, net 698,456 535,288
Inventories, net 1,115,469 781,299
Other current assets 29,207 21,791
Total current assets 1,961,400 1,484,445
Property and equipment, net 111,019 98,225
Operating lease right-of-use assets 268,528 209,169
Goodwill 434,019 412,486
Intangible assets, net 186,896 169,929
Investment in unconsolidated entity 114,808 97,847
Other assets 9,191 12,246
Total assets 3,085,861 2,484,347
Current liabilities:    
Current portion of long-term obligations 84,501 71,804
Accounts payable 364,185 251,553
Accrued expenses and other current liabilities 278,036 163,788
Total current liabilities 726,722 487,145
Long-term obligations:    
Borrowings under revolving credit agreement 89,000 0
Operating lease liabilities, net of current portion 187,024 139,527
Finance lease liabilities, net of current portion 9,189 4,811
Total long-term obligations 285,213 144,338
Deferred income taxes and other liabilities 76,511 73,103
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value, 10,000,000 shares authorized; no shares issued
Paid-in capital 1,003,932 950,915
Accumulated other comprehensive loss, net of tax (34,176) (34,867)
Retained earnings 760,796 636,373
Treasury stock, at cost, 4,823,988 shares of Common stock and 48,263 shares of Class B common stock at both December 31, 2021 and 2020, respectively (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,664,948 1,486,678
Non-controlling interest 332,467 293,083
Total shareholders' equity 1,997,415 1,779,761
Total liabilities and shareholders' equity 3,085,861 2,484,347
Common Stock    
Watsco, Inc. shareholders' equity:    
Common Stock 18,941 18,851
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common Stock $ 2,895 $ 2,846