XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues $ 2,126,845 $ 2,035,796 $ 5,680,570 $ 5,693,121
Cost of sales 1,559,900 1,484,948 4,102,846 4,096,382
Gross profit 566,945 550,848 1,577,724 1,596,739
Selling, general and administrative expenses 319,834 321,522 911,046 919,629
Other income 9,506 6,927 20,384 17,289
Operating income 256,617 236,253 687,062 694,399
Interest expense, net 1,890 483 5,920 2,151
Income before income taxes 254,727 235,770 681,142 692,248
Income taxes 54,103 49,600 144,744 145,682
Net income 200,624 186,170 536,398 546,566
Less: net income attributable to non-controlling interest 29,671 28,529 82,608 83,070
Net income attributable to Watsco, Inc. $ 170,953 $ 157,641 $ 453,790 $ 463,496
Earnings per share for Common and Class B common stock:        
Basic $ 4.36 $ 4.04 $ 11.64 $ 11.9
Diluted $ 4.35 $ 4.03 $ 11.6 $ 11.86