v3.26.1
Condensed Consolidated Unaudited Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 364,189 $ 433,283
Short-term cash investments 100,000 300,000
Accounts receivable, net 1,060,767 796,181
Inventories, net 1,890,473 1,386,317
Other current assets 38,668 38,725
Total current assets 3,454,097 2,954,506
Property and equipment, net 146,892 136,012
Operating lease right-of-use assets 509,300 452,547
Goodwill 559,693 462,509
Intangible assets, net 205,252 210,427
Investment in unconsolidated entity 193,899 185,234
Other assets 15,584 13,570
Total assets 5,084,717 4,414,805
Current liabilities:    
Current portion of lease liabilities 119,723 117,153
Accounts payable 660,299 350,425
Accrued expenses and other current liabilities 299,752 250,164
Total current liabilities 1,079,774 717,742
Long-term obligations:    
Operating lease liabilities, net of current portion 406,478 350,616
Finance lease liabilities, net of current portion 9,068 11,019
Total long-term obligations 415,546 361,635
Deferred income taxes and other liabilities 116,187 113,367
Commitments and contingencies
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value 0 0
Paid-in capital 1,796,411 1,563,389
Accumulated other comprehensive loss, net of tax (57,109) (50,305)
Retained earnings 1,305,691 1,319,201
Treasury stock, at cost (73,229) (73,230)
Total Watsco, Inc. shareholders' equity 2,994,413 2,781,376
Non-controlling interest 478,797 440,685
Total shareholders' equity 3,473,210 3,222,061
Total liabilities and shareholders' equity 5,084,717 4,414,805
Common Stock [Member]    
Watsco, Inc. shareholders' equity:    
Common stock 19,822 19,504
Class B Common Stock [Member]    
Watsco, Inc. shareholders' equity:    
Common stock $ 2,827 $ 2,817