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Condensed Consolidated Unaudited Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 175,022 $ 147,505
Accounts receivable, net 949,317 747,110
Inventories, net 1,549,740 1,370,173
Other current assets 56,493 33,951
Total current assets 2,730,572 2,298,739
Property and equipment, net 134,076 125,424
Operating lease right-of-use assets 362,901 317,314
Goodwill 491,522 430,711
Intangible assets, net 172,473 175,191
Investment in unconsolidated entity 137,596 132,802
Other assets 9,927 8,033
Total assets 4,039,067 3,488,214
Current liabilities:    
Current portion of lease liabilities 98,507 90,597
Borrowings under revolving credit agreement 0 56,400
Accounts payable 509,308 456,128
Accrued expenses and other current liabilities 279,813 303,397
Total current liabilities 887,628 906,522
Long-term obligations:    
Borrowings under revolving credit agreement 105,600 0
Operating lease liabilities, net of current portion 272,154 232,144
Finance lease liabilities, net of current portion 12,585 11,388
Total long-term obligations 390,339 243,532
Deferred income taxes and other liabilities 95,338 89,882
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value 0 0
Paid-in capital 1,138,749 973,060
Accumulated other comprehensive loss, net of tax (47,405) (47,710)
Retained earnings 1,197,184 1,029,516
Treasury stock, at cost (86,630) (87,440)
Total Watsco, Inc. shareholders' equity 2,224,009 1,889,237
Non-controlling interest 441,753 359,041
Total shareholders' equity 2,665,762 2,248,278
Total liabilities and shareholders' equity 4,039,067 3,488,214
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock 19,323 19,054
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock $ 2,788 $ 2,757