$GNTX
GENTEX CORP

2023 Q3 Form 10-Q Financial Statement

#000035581123000046 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $575.8M $583.5M
YoY Change 16.65% 25.91%
Cost Of Revenue $384.4M $390.4M
YoY Change 10.96% 23.91%
Gross Profit $191.4M $193.1M
YoY Change 30.05% 30.14%
Gross Profit Margin 33.24% 33.09%
Selling, General & Admin $28.83M $27.82M
YoY Change 7.29% -6.39%
% of Gross Profit 15.06% 14.41%
Research & Development $40.20M $37.97M
YoY Change 19.84% 15.57%
% of Gross Profit 21.0% 19.67%
Depreciation & Amortization $22.20M $24.80M
YoY Change -4.46% -2.13%
% of Gross Profit 11.6% 12.84%
Operating Expenses $69.02M $65.79M
YoY Change 14.26% 5.14%
Operating Profit $122.4M $127.3M
YoY Change 41.05% 48.37%
Interest Expense $3.900M $2.891M
YoY Change 160.55% 214.14%
% of Operating Profit 3.19% 2.27%
Other Income/Expense, Net $2.064M -$1.577M
YoY Change -427.98% 60.38%
Pretax Income $124.5M $128.6M
YoY Change 44.47% 51.64%
Income Tax $19.75M $19.45M
% Of Pretax Income 15.87% 15.12%
Net Earnings $104.7M $107.5M
YoY Change 44.14% 48.52%
Net Earnings / Revenue 18.19% 18.43%
Basic Earnings Per Share $0.45 $0.47
Diluted Earnings Per Share $0.45 $0.47
COMMON SHARES
Basic Shares Outstanding 233.4M shares 233.7M shares
Diluted Shares Outstanding 230.5M shares 230.2M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $278.1M $257.8M
YoY Change 16.33% -8.36%
Cash & Equivalents $260.6M $237.7M
Short-Term Investments $17.50M $20.17M
Other Short-Term Assets $30.80M $27.03M
YoY Change -22.16% -37.91%
Inventory $395.5M $390.0M
Prepaid Expenses
Receivables $351.1M $350.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.055B $1.025B
YoY Change 6.68% 3.37%
LONG-TERM ASSETS
Property, Plant & Equipment $606.2M $596.7M
YoY Change 15.09% 22.04%
Goodwill $313.2M $313.6M
YoY Change -0.22% -0.07%
Intangibles $204.9M $209.7M
YoY Change -8.61% -8.43%
Long-Term Investments $21.50M $239.6M
YoY Change -45.84% 500.56%
Other Assets $896.7M $28.94M
YoY Change 12.75% -96.4%
Total Long-Term Assets $1.503B $1.462B
YoY Change 13.68% 13.09%
TOTAL ASSETS
Total Short-Term Assets $1.055B $1.025B
Total Long-Term Assets $1.503B $1.462B
Total Assets $2.558B $2.487B
YoY Change 10.69% 8.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.4M $168.5M
YoY Change -0.04% -9.73%
Accrued Expenses $103.0M $107.6M
YoY Change 9.94% 8.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $274.4M $276.1M
YoY Change 3.48% -3.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $15.46M $15.10M
YoY Change 27.63% 28.94%
Total Long-Term Liabilities $15.46M $15.10M
YoY Change 27.63% 28.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $274.4M $276.1M
Total Long-Term Liabilities $15.46M $15.10M
Total Liabilities $289.9M $291.2M
YoY Change 4.54% -2.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.307B $1.253B
YoY Change 17.95% 15.67%
Common Stock $975.2M $956.7M
YoY Change 5.69% 4.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.268B $2.196B
YoY Change
Total Liabilities & Shareholders Equity $2.558B $2.487B
YoY Change 10.69% 8.87%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $104.7M $107.5M
YoY Change 44.14% 48.52%
Depreciation, Depletion And Amortization $22.20M $24.80M
YoY Change -4.46% -2.13%
Cash From Operating Activities $125.9M $120.9M
YoY Change 167.32% 64.87%
INVESTING ACTIVITIES
Capital Expenditures $30.10M $48.83M
YoY Change -159.19% -237.22%
Acquisitions
YoY Change
Other Investing Activities -$32.50M -$5.164M
YoY Change 518.93% -79.82%
Cash From Investing Activities -$62.70M -$54.00M
YoY Change 11.76% -11.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.20M -48.64M
YoY Change 7.39% 116.51%
NET CHANGE
Cash From Operating Activities 125.9M 120.9M
Cash From Investing Activities -62.70M -54.00M
Cash From Financing Activities -40.20M -48.64M
Net Change In Cash 23.00M 18.21M
YoY Change -149.53% -276.21%
FREE CASH FLOW
Cash From Operating Activities $125.9M $120.9M
Capital Expenditures $30.10M $48.83M
Free Cash Flow $95.80M $72.02M
YoY Change -2.19% -33.86%

Facts In Submission

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