XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Unaudited Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 224,854 $ 210,112
Short-term cash investments 200,000 0
Accounts receivable, net 1,001,329 797,832
Inventories, net 1,573,496 1,347,289
Other current assets 34,718 36,698
Total current assets 3,034,397 2,391,931
Property and equipment, net 138,301 136,230
Operating lease right-of-use assets 384,816 368,748
Goodwill 458,353 457,148
Intangible assets, net 211,586 218,146
Investment in unconsolidated entity 156,886 146,238
Other assets 10,985 10,741
Total assets 4,395,324 3,729,182
Current liabilities:    
Current portion of lease liabilities 104,409 100,265
Accounts payable 564,082 369,396
Accrued expenses and other current liabilities 276,676 242,351
Total current liabilities 945,167 712,012
Long-term obligations:    
Borrowings under revolving credit agreement 0 15,400
Operating lease liabilities, net of current portion 291,434 276,913
Finance lease liabilities, net of current portion 15,684 12,214
Total long-term obligations 307,118 304,527
Deferred income taxes and other liabilities 98,849 96,453
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value 0 0
Paid-in capital 1,466,537 1,153,459
Accumulated other comprehensive loss, net of tax (50,170) (42,331)
Retained earnings 1,246,053 1,183,207
Treasury stock, at cost (73,810) (86,630)
Total Watsco, Inc. shareholders' equity 2,610,837 2,229,839
Non-controlling interest 433,353 386,351
Total shareholders' equity 3,044,190 2,616,190
Total liabilities and shareholders' equity 4,395,324 3,729,182
Common Stock [Member]    
Watsco, Inc. shareholders' equity:    
Common stock 19,427 19,353
Class B Common Stock [Member]    
Watsco, Inc. shareholders' equity:    
Common stock $ 2,800 $ 2,781