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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues $ 7,274,344 $ 6,280,192 $ 5,054,928
Cost of sales 5,244,055 4,612,647 3,832,107
Gross profit 2,030,289 1,667,545 1,222,821
Selling, general and administrative expenses 1,221,382 1,058,316 833,051
Other income 22,671 19,299 11,264
Operating income 831,578 628,528 401,034
Interest expense, net 2,165 996 1,239
Income before income taxes 829,413 627,532 399,795
Income taxes 125,717 128,797 76,623
Net income 703,696 498,735 323,172
Less: net income attributable to non-controlling interest 102,529 79,790 53,593
Net income attributable to Watsco, Inc. $ 601,167 $ 418,945 $ 269,579
Earnings per share for Common and Class B common stock:      
Basic $ 15.46 $ 10.83 $ 7.03
Diluted $ 15.41 $ 10.78 $ 7.01