Gentex Corporation (GNTX) financial statements (2021 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)

12/31/2020
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 investments451437386722723556497
Cash and cash equivalents423296217570546552497
Short-term investments271401691531775 
Receivables285235214231212196168
Inventory, net of allowances, customer advances and progress billings226249225217189175142
Inventory226249225217189175142
Other undisclosed current assets18292614315749
Total current assets:9799508511,1851,155984857
Noncurrent Assets
Property, plant and equipment468498498492466413373
Long-term investments and receivables      115
Long-term investments      115
Intangible assets, net (including goodwill)      654
Goodwill      307
Intangible assets, net (excluding goodwill)      347
Other noncurrent assets750720736675689752793
Other undisclosed noncurrent assets      (769)
Total noncurrent assets:1,2191,2181,2351,1671,1551,1651,166
TOTAL ASSETS:2,1982,1692,0852,3522,3102,1492,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities178172169166142124126
Accounts payable85989390806671
Accrued liabilities41292829242321
Employee-related liabilities191616191299
Taxes payable4040101
Interest and dividends payable29292928262524
Debt   78888
Total current liabilities:178172169244150131133
Noncurrent Liabilities
Liabilities, other than long-term debt5659  717060
Deferred tax liabilities, net  717060
Deferred income tax liabilities3951
Other liabilities177     
Other undisclosed noncurrent liabilities  5559178226258
Total noncurrent liabilities:56595559249295318
Total liabilities:234231224303399426451
Stockholders' equity
Stockholders' equity attributable to parent1,9641,9381,8622,0501,9101,7231,571
Common stock15151617171718
Additional paid in capital853808745724683597554
Accumulated other comprehensive income (loss)7(1)(2)7(1)(1)11
Retained earnings1,0901,1161,1021,3021,2111,109989
Total stockholders' equity:1,9641,9381,8622,0501,9101,7231,571
TOTAL LIABILITIES AND EQUITY:2,1982,1692,0852,3522,3102,1492,023

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
Revenues1,6881,8591,8341,7951,6791,5441,376
Revenue, net1,7951,6791,5441,376
Cost of revenue
(Cost of Goods and Services Sold)
(1,083)(1,171)(1,144)(1,100)(1,010)(940)(855)
Other undisclosed gross profit      18
Gross profit:605688690695668604539
Operating expenses(206)(200)(182)(171)(157)(145)(140)
Operating income:400489508523512459399
Nonoperating income (expense)1212148(1)516
Investment income, nonoperating711119556
Other nonoperating income (expense)513(1)(6)(0)10
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:412500522532511464415
Income tax expense(64)(76)(84)(125)(163)(145)(127)
Net income available to common stockholders, basic:348425438407348318289
Other undisclosed net loss available to common stockholders, diluted(5)(5)     
Net income available to common stockholders, diluted:343420438407348318289

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:348425438407348318289
Other comprehensive income (loss)80(2)8(0)(12)(11)
Comprehensive income, net of tax, attributable to parent:356425436415347306278

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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