Gentex Corporation (GNTX) Financial Statements (2024 and earlier)

Company Profile

Business Address 600 N CENTENNIAL ST
ZEELAND, MI 49464
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments257,838241,088237,762239,056281,365286,600
Cash and cash equivalents237,666215,452214,755222,934269,372279,708
Short-term investments20,17225,63523,00716,12311,9926,892
Restricted cash and investments  4,0004,000   
Receivables350,409332,867276,494292,413274,405281,462
Inventory, net of allowances, customer advances and progress billings390,026401,770404,360418,286392,578362,737
Inventory390,026401,770404,360418,286392,578362,737
Other undisclosed current assets27,03325,31626,03639,56743,54024,733
Total current assets:1,025,3061,005,041948,652989,323991,887955,531
Noncurrent Assets
Property, plant and equipment596,694575,276550,033526,681488,914468,409
Other noncurrent assets865,106853,031828,545795,319803,654756,442
Total noncurrent assets:1,461,8011,428,3071,378,5781,322,0001,292,5681,224,851
TOTAL ASSETS:2,487,1072,433,3482,327,2302,311,3232,284,4542,180,382
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities276,062297,031250,553265,165286,172239,223
Accounts payable168,456166,922151,740171,437186,623140,887
Accrued liabilities107,606130,10898,81393,72899,54998,336
Total current liabilities:276,062297,031250,553265,165286,172239,223
Noncurrent Liabilities
Liabilities, other than long-term debt15,09613,06110,88412,11311,70812,190
Other liabilities15,09613,06110,88412,11311,70812,190
Total noncurrent liabilities:15,09613,06110,88412,11311,70812,190
Total liabilities:291,158310,092261,437277,277297,880251,414
Equity
Equity, attributable to parent2,195,9492,123,2562,065,7932,034,0461,986,5741,928,969
Common stock14,00614,02414,05014,07614,10814,069
Additional paid in capital942,661928,285917,499908,622900,576881,371
Accumulated other comprehensive income (loss)(13,243)(12,224)(14,143)3,286(10,956)(5,127)
Retained earnings1,252,5261,193,1721,148,3861,108,0611,082,8461,038,656
Total equity:2,195,9492,123,2562,065,7932,034,0461,986,5741,928,969
TOTAL LIABILITIES AND EQUITY:2,487,1072,433,3482,327,2302,311,3232,284,4542,180,382

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues583,473550,761493,648493,637463,423468,251
Cost of revenue
(Cost of Goods and Services Sold)
(390,390)(376,024)(339,813)(346,436)(315,056)(307,839)
Gross profit:193,083174,737153,834147,201148,367160,412
Operating expenses(65,794)(61,487)(59,716)(60,409)(62,576)(57,106)
Operating income:127,289113,25194,11886,79285,791103,306
Nonoperating income (expense)1,3142,7441,340(629)(983)(10)
Investment income, nonoperating2,8912,9391,5901,497920788
Other nonoperating expense(1,577)(195)(251)(2,126)(1,903)(799)
Income from continuing operations before income taxes:128,604115,99595,45786,16284,808103,295
Income tax expense(19,448)(18,417)(9,289)(13,506)(12,404)(15,767)
Income from continuing operations:109,15597,57886,16872,65672,40487,529
Income before gain (loss) on sale of properties:72,65672,40487,529
Net income available to common stockholders, basic:109,15597,57886,16872,65672,40487,529
Other undisclosed net loss available to common stockholders, diluted(1,616)(1,456)(1,311)(1,095)(1,094)(1,358)
Net income available to common stockholders, diluted:107,54096,12384,85871,56171,31186,171

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:109,15597,57886,16872,65672,40487,529
Other comprehensive income (loss)(1,018)1,918(17,429)14,242(5,828)(7,055)
Comprehensive income, net of tax, attributable to parent:108,13799,49768,73986,89866,57680,474

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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