$GNTX
GENTEX CORP

2014 Q2 Form 10-Q Financial Statement

#000035581114000030 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $338.4M $287.0M
YoY Change 17.93% 2.4%
Cost Of Revenue $204.1M $184.4M
YoY Change 10.73% -1.67%
Gross Profit $134.3M $102.6M
YoY Change 30.87% 10.63%
Gross Profit Margin 39.68% 35.76%
Selling, General & Admin $14.22M $12.15M
YoY Change 17.04% -2.41%
% of Gross Profit 10.59% 11.84%
Research & Development $20.23M $18.86M
YoY Change 7.26% -17.24%
% of Gross Profit 15.07% 18.38%
Depreciation & Amortization $19.80M $13.80M
YoY Change 43.48% 11.29%
% of Gross Profit 14.74% 13.45%
Operating Expenses $34.46M $31.02M
YoY Change 11.09% -12.0%
Operating Profit $99.84M $71.60M
YoY Change 39.44% 24.49%
Interest Expense -$500.0K $600.0K
YoY Change -183.33% 0.0%
% of Operating Profit -0.5% 0.84%
Other Income/Expense, Net $5.787M $5.533M
YoY Change 4.59% 74.67%
Pretax Income $105.6M $77.13M
YoY Change 36.94% 27.11%
Income Tax $28.90M $25.03M
% Of Pretax Income 27.36% 32.45%
Net Earnings $76.73M $52.10M
YoY Change 47.28% 27.79%
Net Earnings / Revenue 22.67% 18.15%
Basic Earnings Per Share $0.27 $0.18
Diluted Earnings Per Share $0.26 $0.18
COMMON SHARES
Basic Shares Outstanding 290.4M shares 143.2M shares
Diluted Shares Outstanding 293.0M shares 144.0M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $391.7M $595.2M
YoY Change -34.19% 41.14%
Cash & Equivalents $391.7M $502.7M
Short-Term Investments $92.50M
Other Short-Term Assets $38.60M $24.00M
YoY Change 60.83% -26.83%
Inventory $125.2M $116.0M
Prepaid Expenses
Receivables $178.3M $120.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $733.7M $855.5M
YoY Change -14.23% 10.14%
LONG-TERM ASSETS
Property, Plant & Equipment $358.3M $345.9M
YoY Change 3.58% 5.85%
Goodwill $307.4M
YoY Change
Intangibles $356.5M $27.90M
YoY Change 1178.06%
Long-Term Investments $109.8M $137.0M
YoY Change -19.85% -0.44%
Other Assets $798.0M $164.9M
YoY Change 384.01%
Total Long-Term Assets $1.156B $510.8M
YoY Change 126.37% 7.02%
TOTAL ASSETS
Total Short-Term Assets $733.7M $855.5M
Total Long-Term Assets $1.156B $510.8M
Total Assets $1.890B $1.366B
YoY Change 38.33% 8.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.82M $43.79M
YoY Change 27.47% -18.15%
Accrued Expenses $72.99M $60.09M
YoY Change 21.46% 14.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $128.8M $103.9M
YoY Change 24.0% -2.0%
LONG-TERM LIABILITIES
Long-Term Debt $261.9M $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $261.9M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $128.8M $103.9M
Total Long-Term Liabilities $261.9M $0.00
Total Liabilities $442.3M $159.3M
YoY Change 177.65% 0.0%
SHAREHOLDERS EQUITY
Retained Earnings $919.5M $733.3M
YoY Change 25.4%
Common Stock $510.7M $453.0M
YoY Change 12.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.448B $1.207B
YoY Change
Total Liabilities & Shareholders Equity $1.890B $1.366B
YoY Change 38.33% 8.95%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $76.73M $52.10M
YoY Change 47.28% 27.79%
Depreciation, Depletion And Amortization $19.80M $13.80M
YoY Change 43.48% 11.29%
Cash From Operating Activities $44.40M $74.90M
YoY Change -40.72% 85.4%
INVESTING ACTIVITIES
Capital Expenditures -$14.20M -$11.20M
YoY Change 26.79% -63.04%
Acquisitions
YoY Change
Other Investing Activities $3.100M $6.000M
YoY Change -48.33% -28.57%
Cash From Investing Activities -$11.20M -$5.200M
YoY Change 115.38% -76.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.30M -9.500M
YoY Change 71.58% -29.63%
NET CHANGE
Cash From Operating Activities 44.40M 74.90M
Cash From Investing Activities -11.20M -5.200M
Cash From Financing Activities -16.30M -9.500M
Net Change In Cash 16.90M 60.20M
YoY Change -71.93% 1128.57%
FREE CASH FLOW
Cash From Operating Activities $44.40M $74.90M
Capital Expenditures -$14.20M -$11.20M
Free Cash Flow $58.60M $86.10M
YoY Change -31.94% 21.78%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
56510321 USD
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
55820675 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
143046590 USD
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
178281000 USD
CY2014Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
72992648 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
63470093 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
21975363 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
17517734 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
20786416 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
478865778 USD
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
501953007 USD
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4603699 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8613044 USD
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2994629 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3454067 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
995177 shares
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3270342 shares
CY2014Q2 us-gaap Assets
Assets
1890034079 USD
CY2013Q4 us-gaap Assets
Assets
1764088434 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
601186242 USD
CY2014Q2 us-gaap Assets Current
AssetsCurrent
733708178 USD
CY2014Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
86193927 USD
CY2013Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
77055612 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
285296 USD
CY2013 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
48603 USD
CY2014Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
4179684 USD
CY2013Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
1886080 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
23889220 USD
CY2013 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
29998513 USD
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
285296 USD
CY2013 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
48603 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
309591724 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
391650469 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
389678664 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
502721765 USD
CY2014Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
391650469 USD
CY2013Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
309591724 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
113043101 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
82058745 USD
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
8734681 USD
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
8775424 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
140835188 USD
us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
0 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
49938191 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y361D
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
50879337 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3024452 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
667802 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
100743669 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
74760681 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
360396745 USD
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
184361279 USD
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
204144736 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
408585273 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
51607443 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27566632 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
39592545 USD
CY2014Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.16
CY2014Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.14
CY2014Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
23400000 USD
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.325
CY2014Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.274
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1495850 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1403740 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1403740 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1495850 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
22000000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-374925 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-2010463 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-714756 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-647520 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
0 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
35000 USD
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
12213259 USD
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
8567087 USD
CY2013Q4 us-gaap Goodwill
Goodwill
307365845 USD
CY2014Q2 us-gaap Goodwill
Goodwill
307365845 USD
us-gaap Gross Profit
GrossProfit
265591035 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
134292228 USD
us-gaap Gross Profit
GrossProfit
196076122 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
102612619 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
142882851 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
105622003 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
207314093 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
77128939 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28895257 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45354887 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62021276 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25031542 USD
CY2013Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
5500000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
589628 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-689646 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10607330 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
35234410 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
15235030 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7906087 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5137710 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-43928296 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
683656 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
531456 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7809607 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-329541 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
366175000 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
356525000 USD
CY2014Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
24197477 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
23582378 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
120074164 USD
CY2014Q2 us-gaap Inventory Net
InventoryNet
125211874 USD
CY2013Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
75081810 USD
CY2014Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
78340632 USD
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
1121130 USD
CY2014Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
22673765 USD
CY2013Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
21409976 USD
CY2014Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
398005 USD
CY2013Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
625717 USD
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
723163 USD
CY2014Q2 us-gaap Investments And Cash
InvestmentsAndCash
501448320 USD
CY2013Q4 us-gaap Investments And Cash
InvestmentsAndCash
416597246 USD
CY2014Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
109797851 USD
CY2013Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
107005522 USD
CY2013Q4 us-gaap Liabilities
Liabilities
436484751 USD
CY2014Q2 us-gaap Liabilities
Liabilities
442295766 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1764088434 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1890034079 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
128813323 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
119980414 USD
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
261875000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
265625000 USD
CY2013Q4 us-gaap Long Term Investments
LongTermInvestments
107005522 USD
CY2014Q2 us-gaap Long Term Investments
LongTermInvestments
109797786 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21175048 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31577612 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38067397 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28469229 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
142105586 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
172285546 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
76726746 USD
us-gaap Net Income Loss
NetIncomeLoss
97527964 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
52097397 USD
us-gaap Net Income Loss
NetIncomeLoss
145292817 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5532668 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5786565 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
10301109 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
7432941 USD
us-gaap Operating Expenses
OperatingExpenses
60626212 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
34456790 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
31016348 USD
us-gaap Operating Expenses
OperatingExpenses
68578051 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
71596271 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
99835438 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
197012984 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
135449910 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
798009824 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
805880967 USD
CY2013Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
229115 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-372634 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-332739 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-241489 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-3445225 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
5147887 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-2894683 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-6678724 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3215705 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1966065 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4457629 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2159206 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-928618 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-2221095 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1286019 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1932182 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
5520521 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-6345985 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-2653194 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-3674340 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6311811 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4906951 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5388560 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9577946 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
38701691 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
40808322 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
52943104 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
51633929 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
24067012 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
30248002 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
38564835 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
28473764 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11576970 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16030793 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
6250000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
-3750000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
31899490 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
55370528 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15510 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
35005 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
357021225 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
358316077 USD
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18864182 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37547758 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20234074 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
40723301 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
919492148 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
818027861 USD
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
338436964 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
556472867 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
674176308 USD
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
286973898 USD
dei Entity Central Index Key
EntityCentralIndexKey
0000355811
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27854750 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23078454 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14222716 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12152166 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10147262 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8077955 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0273
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0229
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0268
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0224
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3964
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4579
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4596
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3892
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0168
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0109
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0141
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0162
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.85
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.98
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.19
us-gaap Share Based Goods And Nonemployee Services Transaction Capitalized Cost
ShareBasedGoodsAndNonemployeeServicesTransactionCapitalizedCost
235657 USD
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y3D
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y3D
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
679044 shares
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
1447738313 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1327603683 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1558905 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1284363 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
770292 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
649655 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
143537992 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144010625 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146618589 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146499493 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145215130 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145059684 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142888337 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143240333 shares
CY2014Q2 gntx Effectof One Percentage Point Increaseon Borrowing Rate
EffectofOnePercentagePointIncreaseonBorrowingRate
2700000 USD
CY2014Q2 gntx Increase In Cash Dividend Rate
IncreaseInCashDividendRate
0.02
CY2014Q2 gntx Patentsand Other Assets Net
PatentsandOtherAssetsNet
24321193 USD
CY2013Q4 gntx Patentsand Other Assets Net
PatentsandOtherAssetsNet
25334600 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
146207067 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
GENTEX CORPORATION
dei Trading Symbol
TradingSymbol
gntx

Files In Submission

Name View Source Status
0000355811-14-000030-index-headers.html Edgar Link pending
0000355811-14-000030-index.html Edgar Link pending
0000355811-14-000030.txt Edgar Link pending
0000355811-14-000030-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gntx-20140630.xml Edgar Link completed
gntx-20140630.xsd Edgar Link pending
gntx-20140630_cal.xml Edgar Link unprocessable
gntx-20140630_def.xml Edgar Link unprocessable
gntx-20140630_lab.xml Edgar Link unprocessable
gntx-20140630_pre.xml Edgar Link unprocessable
gntx06302014-10q.htm Edgar Link pending
gntx06302014-exx101.htm Edgar Link pending
gntx06302014-exx103.htm Edgar Link pending
gntx06302014-exx105.htm Edgar Link pending
gntx06302014-exx312.htm Edgar Link pending
gntx06302014-exx32.htm Edgar Link pending
gntx6302014-exx311.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending