GENERAC HOLDINGS INC. (GNRC) Financial Statements (2024 and earlier)

Company Profile

Business Address S45 W29290 HIGHWAY 59
WAUKESHA, WI 53187
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3621 - Motors and Generators (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments201133147655323224
Cash and cash equivalents201133147655323224
Receivables537522546375320326
Inventory, net of allowances, customer advances and progress billings1,1671,4051,090603522545
Inventory1,1671,4051,090603522545
Other undisclosed current assets9212265363125
Total current assets:1,9982,1821,8481,6701,1961,121
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization6825372726
Property, plant and equipment599468441344317279
Intangible assets, net (including goodwill)2,2782,3322,4511,1471,1031,011
Goodwill1,4321,4011,410855805765
Intangible assets, net (excluding goodwill)8469311,041292298246
Deferred income tax assets16131613
Other noncurrent assets      15
Deferred tax assets, net0
Other undisclosed noncurrent assets135150854621 
Total noncurrent assets:3,0962,9873,0291,5661,4701,306
TOTAL ASSETS:5,0935,1694,8783,2352,6662,426
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7539301,078598436513
Employee-related liabilities72634141
Accounts payable341446674330262328
Accrued liabilities412484332205133144
Debt1286278436148
Total current liabilities:8819921,156642497561
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4481,369902842838876
Long-term debt, excluding current maturities1,4351,371882834832901
Finance lease, liability    2524
Other undisclosed long-term debt and lease obligation13(2)20(17)(19)(24)
Liabilities, other than long-term debt257277332209181167
Accounts payable and accrued liabilities  1511269385 
Deferred revenue167    
Deferred tax liabilities, net71
Deferred income tax liabilities9012620611696
Other liabilities      96
Other undisclosed noncurrent liabilities1581622158756 
Total noncurrent liabilities:1,8631,8081,4501,1371,0751,043
Total liabilities:2,7442,8002,6061,7791,5721,604
Temporary equity, carrying amount711058666161
Equity
Equity, attributable to parent, including:2,3402,2572,2141,3901,032761
Common stock111111
Treasury stock, value(1,033)(808)(449)(332)(325)(321)
Additional paid in capital1,0701,016953526499476
Accumulated other comprehensive loss(15)(65)(55)(34)(25)(24)
Retained earnings2,5192,3161,9661,4331,084831
Other undisclosed equity, attributable to parent(202)(202)(202)(202)(202)(202)
Equity, attributable to noncontrolling interest320(0)01
Total equity:2,3432,2592,2141,3901,033761
TOTAL LIABILITIES AND EQUITY:5,0935,1694,8783,2352,6662,426

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4,0234,5653,7372,4852,2042,023
Cost of revenue
(Cost of Goods and Services Sold)
(2,657)(3,043)(2,377)(1,528)(1,407)(1,298)
Gross profit:1,3651,5221,360958798725
Operating expenses(979)(956)(639)(479)(426)(368)
Operating income:386566721479372357
Nonoperating expense(96)(58)(30)(33)(53)(46)
Interest and debt expense(98)(4)(1)(33)(1)(1)
Income from continuing operations before equity method investments, income taxes:193505691413319310
Other undisclosed income from continuing operations before income taxes98413311
Income from continuing operations before income taxes:290508692446320311
Income tax expense(73)(100)(135)(99)(67)(70)
Income from continuing operations:217409557347252241
Income before gain (loss) on sale of properties:557347252241
Net income:217409557347252241
Net income (loss) attributable to noncontrolling interest(3)(9)(6)3(0)(3)
Net income available to common stockholders, diluted:215400550351252238

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:217409557347252241
Other comprehensive income (loss)50(10)(21)(9)(1)(3)
Comprehensive income:267399536338251239
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(11)(5)01(2)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:264387531338252237

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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