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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 110,607 $ 118,268
Accounts receivable, net 790,013 698,456
Inventories, net 1,390,298 1,115,469
Other current assets 29,210 29,207
Total current assets 2,320,128 1,961,400
Property and equipment, net 115,385 111,019
Operating lease right-of-use assets 288,660 268,528
Goodwill 434,139 434,019
Intangible assets, net 187,995 186,896
Investment in unconsolidated entity 118,853 114,808
Other assets 8,729 9,191
Total assets 3,473,889 3,085,861
Current liabilities:    
Current portion of long-term obligations 86,812 84,501
Accounts payable 462,569 364,185
Accrued expenses and other current liabilities 287,458 278,036
Total current liabilities 836,839 726,722
Long-term obligations:    
Borrowings under revolving credit agreement 262,500 89,000
Operating lease liabilities, net of current portion 205,163 187,024
Finance lease liabilities, net of current portion 10,633 9,189
Total long-term obligations 478,296 285,213
Deferred income taxes and other liabilities 78,039 76,511
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value 0 0
Paid-in capital 1,023,680 1,003,932
Accumulated other comprehensive loss, net of tax (31,241) (34,176)
Retained earnings 798,299 760,796
Treasury stock, at cost (87,440) (87,440)
Total Watsco, Inc. shareholders' equity 1,725,210 1,664,948
Non-controlling interest 355,505 332,467
Total shareholders' equity 2,080,715 1,997,415
Total liabilities and shareholders' equity 3,473,889 3,085,861
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,987 18,941
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,925 $ 2,895