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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues $ 2,133,755 $ 1,849,640 $ 3,657,325 $ 2,985,758
Cost of sales 1,538,222 1,371,699 2,611,434 2,212,996
Gross profit 595,533 477,941 1,045,891 772,762
Selling, general and administrative expenses 314,753 266,697 598,107 484,309
Other income 6,317 5,539 10,362 10,210
Operating income 287,097 216,783 458,146 298,663
Interest expense, net 1,110 448 1,668 536
Income before income taxes 285,987 216,335 456,478 298,127
Income taxes 60,481 44,202 96,082 59,867
Net income 225,506 172,133 360,396 238,260
Less: net income attributable to non-controlling interest 32,949 28,031 54,541 39,066
Net income attributable to Watsco, Inc. $ 192,557 $ 144,102 $ 305,855 $ 199,194
Earnings per share for Common and Class B common stock:        
Basic $ 4.94 $ 3.73 $ 7.86 $ 5.16
Diluted $ 4.93 $ 3.71 $ 7.83 $ 5.13