Gentex Corporation (GNTX) financial statements (2020 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)

12/31/2019
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 investments437386722723556497310
Cash and cash equivalents296217570546552497310
Short-term investments1401691531775  
Receivables235214231212196168143
Inventory, net of allowances, customer advances and progress billings249225217189175142120
Inventory249225217189175142120
Other undisclosed current assets29261431574928
Total current assets:9508511,1851,155984857601
Noncurrent Assets
Property, plant and equipment498498492466413373357
Long-term investments and receivables     115107
Long-term investments     115107
Intangible assets, net (including goodwill)     654674
Goodwill     307307
Intangible assets, net (excluding goodwill)     347366
Other noncurrent assets720736675689752793806
Other undisclosed noncurrent assets     (769)(781)
Total noncurrent assets:1,2181,2351,1671,1551,1651,1661,163
TOTAL ASSETS:2,1692,0852,3522,3102,1492,0231,764
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17216916614212412678
Accounts payable98939080667157
Accrued liabilities292829242321 
Employee-related liabilities16161912998
Taxes payable04010113
Interest and dividends payable292928262524 
Debt  788888
Other undisclosed current liabilities      35
Total current liabilities:172169244150131133120
Noncurrent Liabilities
Liabilities, other than long-term debt59  71706051
Deferred tax liabilities, net  71706051
Deferred income tax liabilities51
Other liabilities7      
Other undisclosed noncurrent liabilities 5559178226258266
Total noncurrent liabilities:595559249295318317
Total liabilities:231224303399426451436
Stockholders' equity
Stockholders' equity attributable to parent1,9381,8622,0501,9101,7231,5711,328
Common stock1516171717189
Additional paid in capital808745724683597554479
Accumulated other comprehensive income (loss)(1)(2)7(1)(1)1122
Retained earnings1,1161,1021,3021,2111,109989818
Total stockholders' equity:1,9381,8622,0501,9101,7231,5711,328
TOTAL LIABILITIES AND EQUITY:2,1692,0852,3522,3102,1492,0231,764

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
Revenues1,8591,8341,7951,6791,5441,3761,172
Revenue, net1,7951,6791,5441,3761,172
Cost of revenue
(Cost of Goods and Services Sold)
(1,171)(1,144)(1,100)(1,010)(940)(855)(756)
Other undisclosed gross profit     1815
Gross profit:688690695668604539431
Operating expenses(200)(182)(171)(157)(145)(140)(126)
Operating income:489508523512459399305
Nonoperating income (expense)12148(1)51623
Investment income, nonoperating111195567
Other nonoperating income (expense)13(1)(6)(0)1017
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:500522532511464415328
Income tax expense(76)(84)(125)(163)(145)(127)(105)
Net income available to common stockholders, basic:425438407348318289223
Other undisclosed net loss available to common stockholders, diluted(5)      
Net income available to common stockholders, diluted:420438407348318289223

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:425438407348318289223
Other comprehensive income (loss)0(2)8(0)(12)(11)4
Comprehensive income, net of tax, attributable to parent:425436415347306278227

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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