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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues $ 7,283,767 $ 7,274,344 $ 6,280,192
Cost of sales 5,291,627 5,244,055 4,612,647
Gross profit 1,992,140 2,030,289 1,667,545
Selling, general and administrative expenses 1,223,507 1,221,382 1,058,316
Other income 26,177 22,671 19,299
Operating income 794,810 831,578 628,528
Interest expense, net 4,920 2,165 996
Income before income taxes 789,890 829,413 627,532
Income taxes 155,751 125,717 128,797
Net income 634,139 703,696 498,735
Less: net income attributable to non-controlling interest 97,802 102,529 79,790
Net income attributable to Watsco, Inc. $ 536,337 $ 601,167 $ 418,945
Earnings per share for Common and Class B common stock:      
Basic $ 13.72 $ 15.46 $ 10.83
Diluted $ 13.67 $ 15.41 $ 10.78