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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues $ 2,035,796 $ 1,782,569 $ 5,693,121 $ 4,768,327
Cost of sales 1,484,948 1,299,905 4,096,382 3,512,901
Gross profit 550,848 482,664 1,596,739 1,255,426
Selling, general and administrative expenses 321,522 281,922 919,629 766,231
Other income 6,927 6,057 17,289 16,267
Operating income 236,253 206,799 694,399 505,462
Interest expense, net 483 221 2,151 757
Income before income taxes 235,770 206,578 692,248 504,705
Income taxes 49,600 41,734 145,682 101,601
Net income 186,170 164,844 546,566 403,104
Less: net income attributable to non-controlling interest 28,529 23,979 83,070 63,045
Net income attributable to Watsco, Inc. $ 157,641 $ 140,865 $ 463,496 $ 340,059
Earnings per share for Common and Class B common stock:        
Basic $ 4.04 $ 3.64 $ 11.9 $ 8.8
Diluted $ 4.03 $ 3.62 $ 11.86 $ 8.75