Condensed Consolidated Unaudited Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 140,955	$ 147,505
Accounts receivable, net	811,264	747,110
Inventories, net	1,614,294	1,370,173
Other current assets	31,302	33,951
Total current assets	2,597,815	2,298,739
Property and equipment, net	126,582	125,424
Operating lease right-of-use assets	325,878	317,314
Goodwill	430,743	430,711
Intangible assets, net	174,290	175,191
Investment in unconsolidated entity	136,442	132,802
Other assets	8,864	8,033
Total assets	3,800,614	3,488,214
Current liabilities:
Current portion of long-term obligations	92,536	90,597
Borrowings under revolving credit agreement	0	56,400
Accounts payable	593,148	456,128
Accrued expenses and other current liabilities	267,399	303,397
Total current liabilities	953,083	906,522
Long-term obligations:
Borrowings under revolving credit agreement	197,600	0
Operating lease liabilities, net of current portion	239,309	232,144
Finance lease liabilities, net of current portion	11,230	11,388
Total long-term obligations	448,139	243,532
Deferred income taxes and other liabilities	91,095	89,882
Commitments and contingencies
Watsco, Inc. shareholders' equity:
Preferred stock, $0.50 par value	0	0
Paid-in capital	997,316	973,060
Accumulated other comprehensive loss, net of tax	(47,540)	(47,710)
Retained earnings	1,044,619	1,029,516
Treasury stock, at cost	(87,440)	(87,440)
Total Watsco, Inc. shareholders' equity	1,928,868	1,889,237
Non-controlling interest	379,429	359,041
Total shareholders' equity	2,308,297	2,248,278
Total liabilities and shareholders' equity	3,800,614	3,488,214
Common Stock
Watsco, Inc. shareholders' equity:
Common stock	19,122	19,054
Class B Common Stock
Watsco, Inc. shareholders' equity:
Common stock	$ 2,791	$ 2,757