Generac Holdlings Inc. (GNRC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14765532322413867116
Cash and cash equivalents14765532322413867116
Receivables546375320326280242182
Inventory, net of allowances, customer advances and progress billings1,090603522545380350325
Inventory1,090603522545380350325
Deferred tax assets   29
Other undisclosed current assets6536312520259
Total current assets:1,8481,6701,1961,121819684661
Noncurrent Assets
Finance lease, right-of-use asset372726
Property, plant and equipment441344317279230213184
Intangible assets, net (including goodwill)2,4511,1471,1031,011957960927
Goodwill1,410855805765722705670
Intangible assets, net (excluding goodwill)1,041292298246236255257
Deferred costs      13
Deferred income tax assets1613
Other noncurrent assets   151121
Deferred tax assets, net0337
Other undisclosed noncurrent assets854621    
Total noncurrent assets:3,0291,5661,4701,3061,2011,1781,131
TOTAL ASSETS:4,8783,2352,6662,4262,0201,8621,793
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,078598436513367296204
Accounts payable674330262328234182108
Accrued liabilities3322051331441059383
Employee-related liabilities72634141282113
Debt7843614822469
Total current liabilities:1,156642497561389342213
Noncurrent Liabilities
Long-term debt and lease obligation, including:9028428388769071,0071,050
Long-term debt, excluding current maturities88283483290193511,068
Finance lease, liability 2524
Other undisclosed long-term debt and lease obligation20(17)(19)(24)(29)1,006(18)
Liabilities, other than long-term debt3322091811671217964
Accounts payable and accrued liabilities1269385    
Deferred tax liabilities, net7144176
Deferred income tax liabilities20611696
Other liabilities   96776157
Other undisclosed noncurrent liabilities2158756    
Total noncurrent liabilities:1,4501,1371,0751,0431,0271,0851,114
Total liabilities:2,6061,7791,5721,6041,4161,4271,327
Temporary equity, carrying amount586661614433 
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2141,3901,032761560401466
Common stock1111111
Treasury stock, value(449)(332)(325)(321)(294)(262)(112)
Additional paid in capital953526499476460449443
Accumulated other comprehensive loss(55)(34)(25)(24)(21)(40)(22)
Retained earnings1,9661,4331,084831616456358
Other undisclosed stockholders' equity attributable to parent(202)(202)(202)(202)(202)(202)(202)
Stockholders' equity attributable to noncontrolling interest0(0)010(0) 
Total stockholders' equity:2,2141,3901,033761560401466
TOTAL LIABILITIES AND EQUITY:4,8783,2352,6662,4262,0201,8621,793

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,7372,4852,2042,0231,6721,4441,317
Revenue, net1,6721,4441,317
Cost of revenue
(Cost of Goods and Services Sold)
(2,377)(1,528)(1,407)(1,298)(1,090)(930)(857)
Gross profit:1,360958798725582514460
Operating expenses(639)(479)(426)(368)(331)(309)(280)
Operating income:721479372357251205180
Nonoperating expense(30)(33)(53)(46)(46)(48)(57)
Interest and debt expense(1)(33)(1)(1)(43)(1)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes      5
Income from continuing operations before equity method investments, income taxes:691413319310162156123
Other undisclosed income from continuing operations before income taxes13311431 
Income from continuing operations before income taxes:692446320311205156123
Income tax expense(135)(99)(67)(70)(44)(58)(45)
Net income:5573472522411619978
Net income (loss) attributable to noncontrolling interest(6)3(0)(3)(2)(0) 
Net income available to common stockholders, diluted:5503512522381599978

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:5573472522411619978
Other comprehensive income (loss)(21)(9)(1)(3)19(18)(7)
Comprehensive income:5363382512391808171
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)01(2)(6)1 
Comprehensive income, net of tax, attributable to parent:5313382522371758271

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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