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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65532322413867116190
Cash and cash equivalents65532322413867116190
Receivables375320326280242182189
Inventory, net of allowances, customer advances and progress billings603522545380350325319
Inventory603522545380350325319
Deferred tax assets   2923
Other undisclosed current assets363125202599
Total current assets:1,6701,1961,121819684661730
Noncurrent Assets
Finance lease, right-of-use asset2726
Property, plant and equipment344317279230213184169
Intangible assets, net (including goodwill)1,1471,1031,011957960927925
Goodwill855805765722705670636
Intangible assets, net (excluding goodwill)292298246236255257289
Deferred costs     1316
Deferred income tax assets13
Other noncurrent assets  1511210
Deferred tax assets, net033747
Other undisclosed noncurrent assets4621    (4)
Total noncurrent assets:1,5661,4701,3061,2011,1781,1311,152
TOTAL ASSETS:3,2352,6662,4262,0201,8621,7931,883
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities598436513367296204263
Accounts payable330262328234182108132
Accrued liabilities2051331441059383113
Employee-related liabilities63414128211318
Debt436148224696
Other undisclosed current liabilities      (29)
Total current liabilities:642497561389342213241
Noncurrent Liabilities
Long-term debt and lease obligation, including:8428388769071,0071,0501,082
Long-term debt, excluding current maturities83483290193511,0681,107
Finance lease, liability2524
Other undisclosed long-term debt and lease obligation(17)(19)(24)(29)1,006(18)(24)
Liabilities, other than long-term debt2091811671217964113
Accounts payable and accrued liabilities9385    29
Deferred tax liabilities, net714417613
Deferred income tax liabilities11696
Other liabilities  9677615770
Other undisclosed noncurrent liabilities8756    (43)
Total noncurrent liabilities:1,1371,0751,0431,0271,0851,1141,152
Total liabilities:1,7791,5721,6041,4161,4271,3271,393
Temporary equity, carrying amount6661614433  
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3901,032761560401466490
Common stock1111111
Treasury stock, value(332)(325)(321)(294)(262)(112)(8)
Additional paid in capital526499476460449443435
Accumulated other comprehensive loss(34)(25)(24)(21)(40)(22)(16)
Retained earnings1,4331,084831616456358280
Other undisclosed stockholders' equity attributable to parent(202)(202)(202)(202)(202)(202)(202)
Stockholders' equity attributable to noncontrolling interest(0)010(0)  
Total stockholders' equity:1,3901,033761560401466490
TOTAL LIABILITIES AND EQUITY:3,2352,6662,4262,0201,8621,7931,883

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,4852,2042,0231,6721,4441,3171,461
Revenue, net1,6721,4441,3171,461
Cost of revenue
(Cost of Goods and Services Sold)
(1,528)(1,407)(1,298)(1,090)(930)(857)(945)
Gross profit:958798725582514460516
Operating expenses(479)(426)(368)(331)(309)(280)(223)
Operating income:479372357251205180293
Nonoperating expense(33)(53)(46)(46)(48)(57)(35)
Interest and debt expense(33)(1)(1)(43)(1)(5)(49)
Other undisclosed income from continuing operations before equity method investments, income taxes     549
Income from continuing operations before equity method investments, income taxes:413319310162156123258
Other undisclosed income from continuing operations before income taxes3311431  
Income from continuing operations before income taxes:446320311205156123258
Income tax expense(99)(67)(70)(44)(58)(45)(84)
Net income:3472522411619978175
Net income (loss) attributable to noncontrolling interest3(0)(3)(2)(0)  
Net income available to common stockholders, diluted:3512522381599978175

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3472522411619978175
Other comprehensive income (loss)(9)(1)(3)19(18)(7)(13)
Comprehensive income:3382512391808171161
Comprehensive income (loss), net of tax, attributable to noncontrolling interest01(2)(6)1  
Comprehensive income, net of tax, attributable to parent:3382522371758271161

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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