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)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 240,791 | 278,098 | 257,838 | 241,088 | 237,762 | 239,056 | |||
| Cash and cash equivalents | 226,435 | 260,634 | 237,666 | 215,452 | 214,755 | 222,934 | |||
| Short-term investments | 14,356 | 17,465 | 20,172 | 25,635 | 23,007 | 16,123 | |||
| Restricted cash and investments | 4,000 | 4,000 | |||||||
| Receivables | 321,810 | 351,142 | 350,409 | 332,867 | 276,494 | 292,413 | |||
| Inventory, net of allowances, customer advances and progress billings | 402,473 | 395,453 | 390,026 | 401,770 | 404,360 | 418,286 | |||
| Inventory | 402,473 | 395,453 | 390,026 | 401,770 | 404,360 | 418,286 | |||
| Other undisclosed current assets | 32,664 | 30,758 | 27,033 | 25,316 | 26,036 | 39,567 | |||
| Total current assets: | 997,738 | 1,055,452 | 1,025,306 | 1,005,041 | 948,652 | 989,323 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 652,878 | 606,181 | 596,694 | 575,276 | 550,033 | 526,681 | |||
| Other noncurrent assets | 960,822 | 896,686 | 865,106 | 853,031 | 828,545 | 795,319 | |||
| Total noncurrent assets: | 1,613,699 | 1,502,867 | 1,461,801 | 1,428,307 | 1,378,578 | 1,322,000 | |||
| TOTAL ASSETS: | 2,611,438 | 2,558,319 | 2,487,107 | 2,433,348 | 2,327,230 | 2,311,323 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 271,609 | 274,406 | 276,062 | 297,031 | 250,553 | 265,165 | |||
| Accounts payable | 184,399 | 171,360 | 168,456 | 166,922 | 151,740 | 171,437 | |||
| Accrued liabilities | 87,210 | 103,046 | 107,606 | 130,108 | 98,813 | 93,728 | |||
| Total current liabilities: | 271,609 | 274,406 | 276,062 | 297,031 | 250,553 | 265,165 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 27,312 | 15,460 | 15,096 | 13,061 | 10,884 | 12,113 | |||
| Other liabilities | 27,312 | 15,460 | 15,096 | 13,061 | 10,884 | 12,113 | |||
| Total noncurrent liabilities: | 27,312 | 15,460 | 15,096 | 13,061 | 10,884 | 12,113 | |||
| Total liabilities: | 298,920 | 289,865 | 291,158 | 310,092 | 261,437 | 277,277 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,312,517 | 2,268,454 | 2,195,949 | 2,123,256 | 2,065,793 | 2,034,046 | |||
| Common stock | 13,887 | 13,996 | 14,006 | 14,024 | 14,050 | 14,076 | |||
| Additional paid in capital | 968,246 | 961,199 | 942,661 | 928,285 | 917,499 | 908,622 | |||
| Accumulated other comprehensive income (loss) | (6,557) | (13,673) | (13,243) | (12,224) | (14,143) | 3,286 | |||
| Retained earnings | 1,336,941 | 1,306,932 | 1,252,526 | 1,193,172 | 1,148,386 | 1,108,061 | |||
| Total equity: | 2,312,517 | 2,268,454 | 2,195,949 | 2,123,256 | 2,065,793 | 2,034,046 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,611,438 | 2,558,319 | 2,487,107 | 2,433,348 | 2,327,230 | 2,311,323 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 589,132 | 575,848 | 583,473 | 550,761 | 493,648 | 493,637 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (385,763) | (384,408) | (390,390) | (376,024) | (339,813) | (346,436) | ||
| Gross profit: | 203,369 | 191,441 | 193,083 | 174,737 | 153,834 | 147,201 | ||
| Operating expenses | (70,595) | (69,024) | (65,794) | (61,487) | (59,716) | (60,409) | ||
| Operating income: | 132,774 | 122,417 | 127,289 | 113,251 | 94,118 | 86,792 | ||
| Nonoperating income (expense) | 3,128 | 2,064 | 1,314 | 2,744 | 1,340 | (629) | ||
| Investment income, nonoperating | 3,816 | 3,852 | 2,891 | 2,939 | 1,590 | 1,497 | ||
| Other nonoperating income (expense) | (689) | (1,788) | (1,577) | (195) | (251) | (2,126) | ||
| Income from continuing operations before income taxes: | 135,902 | 124,480 | 128,604 | 115,995 | 95,457 | 86,162 | ||
| Income tax expense | (18,958) | (19,755) | (19,448) | (18,417) | (9,289) | (13,506) | ||
| Income from continuing operations: | 116,944 | 104,725 | 109,155 | 97,578 | 86,168 | 72,656 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 72,656 | |
| Net income available to common stockholders, basic: | 116,944 | 104,725 | 109,155 | 97,578 | 86,168 | 72,656 | ||
| Other undisclosed net loss available to common stockholders, diluted | (1,714) | (1,535) | (1,616) | (1,456) | (1,311) | (1,095) | ||
| Net income available to common stockholders, diluted: | 115,230 | 103,190 | 107,540 | 96,123 | 84,858 | 71,561 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 116,944 | 104,725 | 109,155 | 97,578 | 86,168 | 72,656 | ||
| Other comprehensive income (loss) | 7,116 | (430) | (1,018) | 1,918 | (17,429) | 14,242 | ||
| Comprehensive income, net of tax, attributable to parent: | 124,060 | 104,295 | 108,137 | 99,497 | 68,739 | 86,898 | ||
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.