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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32322413867116190150
Cash and cash equivalents32322413867116190150
Receivables320326280242182189(3)
Inventory, net of allowances, customer advances and progress billings522545380350325319300
Inventory522545380350325319300
Prepaid expense and other current assets5
Deferred tax assets   292327
Other undisclosed current assets3125202599174
Total current assets:1,1961,121819684661730654
Noncurrent Assets
Finance lease, right-of-use asset26
Property, plant and equipment317279230213184169146
Intangible assets, net (including goodwill)1,1031,011957960927925891
Goodwill805765722705670636608
Intangible assets, net (excluding goodwill)298246236255257289283
Deferred costs    131620
Deferred income tax assets3
Other noncurrent assets 1511210 
Prepaid expense and other noncurrent assets1
Deferred tax assets, net03374786
Other undisclosed noncurrent assets21    (4)(1)
Total noncurrent assets:1,4701,3061,2011,1781,1311,1521,144
TOTAL ASSETS:2,6662,4262,0201,8621,7931,8831,798
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities436513367296204263136
Accounts payable262328234182108132109
Accrued liabilities1331441059383113 
Employee-related liabilities41412821131827
Debt614822469622
Deferred revenue and credits    3
Other undisclosed current liabilities     (29)90
Total current liabilities:497561389342213241251
Noncurrent Liabilities
Long-term debt and lease obligation, including:8388769071,0071,0501,0821,175
Long-term debt, excluding current maturities83290193511,0681,1071,201
Finance lease, liability24
Other undisclosed long-term debt and lease obligation(19)(24)(29)1,006(18)(24)(25)
Liabilities, other than long-term debt1811671217964113155
Deferred revenue and credits    20
Pension and other postretirement defined benefit plans, liabilities10
Accounts payable and accrued liabilities85    2955
Deferred tax liabilities, net71441761315
Deferred income tax liabilities96
Other liabilities 967761577055
Other undisclosed noncurrent liabilities56    (43)(100)
Total noncurrent liabilities:1,0751,0431,0271,0851,1141,1521,230
Total liabilities:1,5721,6041,4161,4271,3271,3931,481
Temporary equity, carrying amount61614433   
Stockholders' equity
Stockholders' equity attributable to parent, including:1,032761560401466490317
Common stock1111111
Treasury stock, value(325)(321)(294)(262)(112)(8)7
Additional paid in capital499476460449443435422
Accumulated other comprehensive loss(25)(24)(21)(40)(22)(16)(2)
Retained earnings1,084831616456358280106
Other undisclosed stockholders' equity attributable to parent(202)(202)(202)(202)(202)(202)(215)
Stockholders' equity attributable to noncontrolling interest010(0)   
Total stockholders' equity:1,033761560401466490317
TOTAL LIABILITIES AND EQUITY:2,6662,4262,0201,8621,7931,8831,798

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,2042,0231,6721,4441,3171,4611,486
Revenue, net1,6721,4441,3171,4611,486
Cost of revenue
(Cost of Goods and Services Sold)
(1,407)(1,298)(1,090)(930)(857)(945)(916)
Gross profit:798725582514460516570
Operating expenses(426)(368)(331)(309)(280)(223)(218)
Operating income:372357251205180293351
Nonoperating expense(53)(46)(46)(48)(57)(35)(73)
Interest and debt expense(1)(1)(43)(1)(5)(49)(70)
Other undisclosed income from continuing operations before equity method investments, income taxes    54970
Income from continuing operations before equity method investments, income taxes:319310162156123258279
Other undisclosed income from continuing operations before income taxes11431   
Income from continuing operations before income taxes:320311205156123258279
Income tax expense(67)(70)(44)(58)(45)(84)(104)
Net income:2522411619978175175
Net loss attributable to noncontrolling interest(0)(3)(2)(0)   
Net income available to common stockholders, diluted:2522381599978175175

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2522411619978175175
Other comprehensive income (loss)(1)(3)19(18)(7)(13)12
Comprehensive income:2512391808171161187
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(2)(6)1   
Comprehensive income, net of tax, attributable to parent:2522371758271161187

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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