Generac Holdlings Inc. (GNRC) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments655514397307323216110
Cash and cash equivalents655514397307323216110
Receivables375398323312320374342
Inventory, net of allowances, customer advances and progress billings603533544560522517570
Inventory603533544560522517570
Other undisclosed current assets36353330313129
Total current assets:1,6701,4801,2971,2091,1961,1371,052
Noncurrent Assets
Finance lease, right-of-use asset27   262626
Operating lease, right-of-use asset     3740
Property, plant and equipment344321318316317303301
Intangible assets, net (including goodwill)1,1478258038011,103824830
Goodwill855816796794805812817
Intangible assets, net (excluding goodwill)2929772981213
Deferred income tax assets14243  
Other undisclosed noncurrent assets4634434732421266274
Total noncurrent assets:1,5661,4941,4711,4451,4701,4571,471
TOTAL ASSETS:3,2352,9742,7682,6542,6662,5942,523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities598508431429436406421
Accounts payable330273230267262241260
Accrued liabilities205182164140133128131
Employee-related liabilities63533722413730
Debt43485554617059
Total current liabilities:642556487483497476480
Noncurrent Liabilities
Long-term debt and lease obligation, including:842841841839838884883
Long-term debt, excluding current maturities834   832  
Finance lease, liability25   242424
Operating lease, liability     3133
Other undisclosed long-term debt and lease obligation(17)841841839(19)829826
Liabilities, other than long-term debt2091921831771818079
Accounts payable and accrued liabilities93868684858079
Deferred income tax liabilities116106979396  
Other undisclosed noncurrent liabilities8791997156158150
Total noncurrent liabilities:1,1371,1241,1231,0871,0751,1221,113
Total liabilities:1,7791,6811,6091,5701,5721,5981,593
Temporary equity, carrying amount66646160615759
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3901,2301,0981,0241,032934866
Common stock1111111
Treasury stock, value(332)(332)(331)(331)(325)(324)(324)
Additional paid in capital526519512504499493486
Accumulated other comprehensive loss(34)(62)(73)(74)(25)(46)(34)
Retained earnings1,4331,3071,1911,1261,0841,014940
Other undisclosed stockholders' equity attributable to parent(202)(202)(202)(202)(202)(202)(202)
Stockholders' equity attributable to noncontrolling interest(0)(0)(0)0055
Total stockholders' equity:1,3901,2301,0971,0241,033939871
TOTAL LIABILITIES AND EQUITY:3,2352,9742,7682,6542,6662,5942,523

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues761701547476591601542
Cost of revenue
(Cost of Goods and Services Sold)
(461)(425)(338)(304)(369)(384)(346)
Gross profit:300276209172222218196
Operating expenses(129)(121)(119)(109)(118)(112)(105)
Operating income:171156906310510691
Nonoperating expense(7)(8)(7)(10)(21)(11)(10)
Other nonoperating income (expense)1(1)(0)(2)(0)(0)(0)
Interest and debt expense(8)(8)(8)(9)31(11)(10)
Income from continuing operations before equity method investments, income taxes:15613974441148470
Other undisclosed income (loss) from continuing operations before income taxes8889(31)1110
Income from continuing operations before income taxes:1641478253839581
Income tax expense(39)(32)(18)(9)(13)(20)(19)
Net income:1251156443707562
Net income (loss) attributable to noncontrolling interest0(0)31(0)10
Net income available to common stockholders, diluted:1251156644707662

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1251156443707562
Other undisclosed comprehensive loss(9)   (1)  
Comprehensive income:1161156443697562
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(0)31110
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3891(48)21(11)(5)
Comprehensive income (loss), net of tax, attributable to parent:15112467(3)906557

Statements sources

The financial statements are based on the company's filings with the 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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