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Condensed Consolidated Unaudited Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 162,526 $ 147,505
Accounts receivable, net 990,663 747,110
Inventories, net 1,689,309 1,370,173
Other current assets 40,070 33,951
Total current assets 2,882,568 2,298,739
Property and equipment, net 128,065 125,424
Operating lease right-of-use assets 334,376 317,314
Goodwill 431,592 430,711
Intangible assets, net 175,766 175,191
Investment in unconsolidated entity 141,082 132,802
Other assets 9,562 8,033
Total assets 4,103,011 3,488,214
Current liabilities:    
Current portion of long-term obligations 93,099 90,597
Borrowings under revolving credit agreement 0 56,400
Accounts payable 602,462 456,128
Accrued expenses and other current liabilities 260,438 303,397
Total current liabilities 955,999 906,522
Long-term obligations:    
Borrowings under revolving credit agreement 342,900 0
Operating lease liabilities, net of current portion 247,928 232,144
Finance lease liabilities, net of current portion 10,975 11,388
Total long-term obligations 601,803 243,532
Deferred income taxes and other liabilities 93,159 89,882
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value 0 0
Paid-in capital 1,023,147 973,060
Accumulated other comprehensive loss, net of tax (42,760) (47,710)
Retained earnings 1,121,944 1,029,516
Treasury stock, at cost (86,630) (87,440)
Total Watsco, Inc. shareholders' equity 2,037,647 1,889,237
Non-controlling interest 414,403 359,041
Total shareholders' equity 2,452,050 2,248,278
Total liabilities and shareholders' equity 4,103,011 3,488,214
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock 19,155 19,054
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock $ 2,791 $ 2,757