Gentex Corporation (GNTX) financial statements (2023 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)

12/31/2021
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 investments268451437386722723556
Cash and cash equivalents262423296217570546552
Short-term investments5271401691531775
Receivables250285235214231212196
Inventory, net of allowances, customer advances and progress billings316226249225217189175
Inventory316226249225217189175
Other undisclosed current assets39182926143157
Total current assets:8739799508511,1851,155984
Noncurrent Assets
Property, plant and equipment464468498498492466413
Other noncurrent assets794750720736675689752
Total noncurrent assets:1,2581,2191,2181,2351,1671,1551,165
TOTAL ASSETS:2,1312,1982,1692,0852,3522,3102,149
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities182178172169166142124
Accounts payable98859893908066
Accrued liabilities41412928292423
Employee-related liabilities1419161619129
Taxes payable0404010
Interest and dividends payable28292929282625
Debt    7888
Total current liabilities:182178172169244150131
Noncurrent Liabilities
Liabilities, other than long-term debt125659  7170
Deferred tax liabilities, net  7170
Deferred income tax liabilities 3951
Other liabilities12177    
Other undisclosed noncurrent liabilities   5559178226
Total noncurrent liabilities:1256595559249295
Total liabilities:193234231224303399426
Stockholders' equity
Stockholders' equity attributable to parent1,9381,9641,9381,8622,0501,9101,723
Common stock14151516171717
Additional paid in capital879853808745724683597
Accumulated other comprehensive income (loss)27(1)(2)7(1)(1)
Retained earnings1,0421,0901,1161,1021,3021,2111,109
Total stockholders' equity:1,9381,9641,9381,8622,0501,9101,723
TOTAL LIABILITIES AND EQUITY:2,1312,1982,1692,0852,3522,3102,149

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
Revenues1,7311,6881,8591,8341,7951,6791,544
Revenue, net1,7951,6791,544
Cost of revenue
(Cost of Goods and Services Sold)
(1,111)(1,083)(1,171)(1,144)(1,100)(1,010)(940)
Gross profit:620605688690695668604
Operating expenses(210)(206)(200)(182)(171)(157)(145)
Operating income:410400489508523512459
Nonoperating income (expense)71212148(1)5
Investment income, nonoperating471111955
Other nonoperating income (expense)3513(1)(6)(0)
Interest and debt expense   (1)   
Other undisclosed income from continuing operations before equity method investments, income taxes   1   
Income from continuing operations before income taxes:416412500522532511464
Income tax expense(56)(64)(76)(84)(125)(163)(145)
Net income available to common stockholders, basic:361348425438407348318
Other undisclosed net loss available to common stockholders, diluted(6)(5)(5)    
Net income available to common stockholders, diluted:355343420438407348318

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:361348425438407348318
Other comprehensive income (loss)(5)80(2)8(0)(12)
Comprehensive income, net of tax, attributable to parent:356356425436415347306

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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