Gentex Corporation (GNTX) financial statements (2021 and earlier)

Company profile

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

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments437467451402386338468
Cash and cash equivalents296260260222217194297
Short-term investments140207191180169144171
Receivables235253226244214247239
Inventory, net of allowances, customer advances and progress billings249239225225225213212
Inventory249239225225225213212
Other undisclosed current assets29282815262924
Total current assets:950987930886851828943
Noncurrent Assets
Property, plant and equipment498492501493498497500
Other noncurrent assets720688711721736745749
Total noncurrent assets:1,2181,1801,2121,2141,2351,2421,249
TOTAL ASSETS:2,1692,1672,1432,1002,0852,0692,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities172182178184169173191
Accounts payable989590909390107
Accrued liabilities29878894288385
Employee-related liabilities16   16  
Taxes payable0   4  
Interest and dividends payable29   29  
Debt      23
Total current liabilities:172182178184169173214
Noncurrent Liabilities
Liabilities, other than long-term debt59646159 5356
Deferred tax liabilities, net53 5356
Deferred income tax liabilities515755 
Other liabilities7766   
Other undisclosed noncurrent liabilities    55  
Total noncurrent liabilities:59646159555356
Total liabilities:231246238243224226271
Stockholders' equity
Stockholders' equity attributable to parent1,9381,9211,9041,8571,8621,8431,921
Common stock15151515161616
Additional paid in capital808799777749745743749
Accumulated other comprehensive income (loss)(1)(1)0(0)(2)(2)(0)
Retained earnings1,1161,1071,1111,0931,1021,0861,157
Total stockholders' equity:1,9381,9211,9041,8571,8621,8431,921
TOTAL LIABILITIES AND EQUITY:2,1692,1672,1432,1002,0852,0692,192

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues444478469469453460455
Revenue, net455
Cost of revenue
(Cost of Goods and Services Sold)
(282)(297)(292)(299)(281)(287)(282)
Gross profit:162180177170172173173
Operating expenses(51)(52)(49)(48)(47)(46)(46)
Operating income:111128128122125127127
Nonoperating income3323532
Investment income, nonoperating2323333
Other nonoperating income (expense)00002(0)(1)
Income from continuing operations before income taxes:114132130125131131129
Income tax expense(14)(20)(21)(21)(25)(19)(20)
Net income available to common stockholders, basic:100112109104106111109
Other undisclosed net loss available to common stockholders, diluted(1)(1)(1)(1)   
Net income available to common stockholders, diluted:98111108103106111109

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:100112109104106111109
Other comprehensive income (loss)(1)(1)11(2)00
Comprehensive income:99111110106104111109
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    3(2)(3)
Comprehensive income, net of tax, attributable to parent:99111110106107110106

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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