$GNTX
GENTEX CORP

2024 Q4 Form 10-Q Financial Statement

#000035581124000048 Filed on November 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $608.5M
YoY Change 5.67%
Cost Of Revenue $404.5M
YoY Change 5.22%
Gross Profit $204.1M
YoY Change 6.59%
Gross Profit Margin 33.53%
Selling, General & Admin $30.11M
YoY Change 4.45%
% of Gross Profit 14.75%
Research & Development $48.23M
YoY Change 19.97%
% of Gross Profit 23.63%
Depreciation & Amortization $22.95M
YoY Change 3.36%
% of Gross Profit 11.24%
Operating Expenses $78.34M
YoY Change 13.49%
Operating Profit $125.7M
YoY Change 2.71%
Interest Expense $18.98M
YoY Change 386.73%
% of Operating Profit 15.1%
Other Income/Expense, Net $19.73M
YoY Change 855.95%
Pretax Income $145.5M
YoY Change 16.85%
Income Tax $22.91M
% Of Pretax Income 15.75%
Net Earnings $122.5M
YoY Change 17.02%
Net Earnings / Revenue 20.14%
Basic Earnings Per Share $0.54
Diluted Earnings Per Share $0.53
COMMON SHARES
Basic Shares Outstanding 227.4M shares 230.2M shares
Diluted Shares Outstanding 226.2M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.1M
YoY Change -28.05%
Cash & Equivalents $179.6M
Short-Term Investments $20.46M
Other Short-Term Assets $39.93M
YoY Change 29.65%
Inventory $449.3M
Prepaid Expenses
Receivables $356.3M
Other Receivables $0.00
Total Short-Term Assets $1.046B
YoY Change -0.93%
LONG-TERM ASSETS
Property, Plant & Equipment $703.6M
YoY Change 16.07%
Goodwill $340.1M
YoY Change 8.61%
Intangibles $201.6M
YoY Change -1.6%
Long-Term Investments $325.6M
YoY Change 1414.24%
Other Assets $986.0M
YoY Change 9.96%
Total Long-Term Assets $1.690B
YoY Change 12.43%
TOTAL ASSETS
Total Short-Term Assets $1.046B
Total Long-Term Assets $1.690B
Total Assets $2.735B
YoY Change 6.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $182.6M
YoY Change 6.56%
Accrued Expenses $100.6M
YoY Change -2.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $283.2M
YoY Change 3.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $34.50M
YoY Change 123.19%
Total Long-Term Liabilities $34.50M
YoY Change 123.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $283.2M
Total Long-Term Liabilities $34.50M
Total Liabilities $317.7M
YoY Change 9.59%
SHAREHOLDERS EQUITY
Retained Earnings $1.406B
YoY Change 7.57%
Common Stock $1.015B
YoY Change 4.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.418B
YoY Change
Total Liabilities & Shareholders Equity $2.735B
YoY Change 6.92%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $122.5M
YoY Change 17.02%
Depreciation, Depletion And Amortization $22.95M
YoY Change 3.36%
Cash From Operating Activities $84.69M
YoY Change -32.73%
INVESTING ACTIVITIES
Capital Expenditures $40.82M
YoY Change 35.63%
Acquisitions
YoY Change
Other Investing Activities -$3.979M
YoY Change -87.76%
Cash From Investing Activities -$44.80M
YoY Change -28.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -120.5M
YoY Change 199.72%
NET CHANGE
Cash From Operating Activities 84.69M
Cash From Investing Activities -44.80M
Cash From Financing Activities -120.5M
Net Change In Cash -80.60M
YoY Change -450.44%
FREE CASH FLOW
Cash From Operating Activities $84.69M
Capital Expenditures $40.82M
Free Cash Flow $43.87M
YoY Change -54.21%

Facts In Submission

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dei Security12b Title
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Common Stock, par value $0.06 per share
dei Trading Symbol
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dei Security Exchange Name
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
575848490 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1771676766 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1710082647 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
617160 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1913864 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1365479 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1018929 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
746956 usd
CY2024Q3 gntx Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
86923 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5749311 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
385941 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5363370 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2079966 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3283404 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5363370 usd

Files In Submission

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gntx-20240930_def.xml Edgar Link unprocessable
gntx-20240930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0000355811-24-000048-index-headers.html Edgar Link pending
0000355811-24-000048-index.html Edgar Link pending
0000355811-24-000048.txt Edgar Link pending
0000355811-24-000048-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gntx-20240930.htm Edgar Link pending
gntx-20240930.xsd Edgar Link pending
gntx10q09302024-exx311.htm Edgar Link pending
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gntx-20240930_lab.xml Edgar Link unprocessable
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gntx-20240930_htm.xml Edgar Link completed
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