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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues $ 4,546,653 $ 4,341,955 $ 4,220,702
Cost of sales 3,426,401 3,276,296 3,186,118
Gross profit 1,120,252 1,065,659 1,034,584
Selling, general and administrative expenses 757,452 715,671 688,952
Other income 9,282 3,886
Operating income 372,082 353,874 345,632
Interest expense, net 2,740 6,363 3,713
Income before income taxes 369,342 347,511 341,919
Income taxes 72,813 90,221 105,936
Net income 296,529 257,290 235,983
Less: net income attributable to non-controlling interest 53,597 49,069 53,173
Net income attributable to Watsco, Inc. $ 242,932 $ 208,221 $ 182,810
Earnings per share for Common and Class B common stock:      
Basic $ 6.50 [1] $ 5.81 [1] $ 5.16
Diluted $ 6.49 [1] $ 5.81 [1] $ 5.15
[1] Quarterly and year-to-date earnings per share are calculated on an individual basis; therefore, the sum of earnings per share amounts for the quarters may not equal earnings per share amounts for the year.