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10-Q Filing

GENTEX CORP CIK: 355811 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000355811-15-000025
Period End Date 20150331
Filing Date 20150505
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance gntx-20150331.xml
Filing Contents
Balance Sheet 51 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $497.43M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $374.69M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $309.59M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $549.91M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $201.78M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $168.01M USD Point-in-time
Inventories InventoryNet $141.76M USD Point-in-time
Inventories InventoryNet $145.56M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $33.51M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $49.44M USD Point-in-time
Total current assets AssetsCurrent $856.64M USD Point-in-time
Total current assets AssetsCurrent $930.77M USD Point-in-time
PLANT AND EQUIPMENTNET PropertyPlantAndEquipmentNet $373.39M USD Point-in-time
PLANT AND EQUIPMENTNET PropertyPlantAndEquipmentNet $372.62M USD Point-in-time
Goodwill Goodwill $307.37M USD Point-in-time
Goodwill Goodwill $307.37M USD Point-in-time
Long-term investments LongTermInvestments $114.64M USD Point-in-time
Long-term investments LongTermInvestments $115.50M USD Point-in-time
Intangible Assets, net IntangibleAssetsNetExcludingGoodwill $346.88M USD Point-in-time
Intangible Assets, net IntangibleAssetsNetExcludingGoodwill $342.05M USD Point-in-time
Patents and other assets, net PatentsandOtherAssetsNet $23.14M USD Point-in-time
Patents and other assets, net PatentsandOtherAssetsNet $23.63M USD Point-in-time
Total other assets OtherAssetsNoncurrent $788.05M USD Point-in-time
Total other assets OtherAssetsNoncurrent $792.51M USD Point-in-time
Total assets Assets $2.09B USD Point-in-time
Total assets Assets $2.02B USD Point-in-time
Accounts payable AccountsPayableCurrent $73.28M USD Point-in-time
Accounts payable AccountsPayableCurrent $71.46M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $90.42M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $61.97M USD Point-in-time
Total current liabilities LiabilitiesCurrent $163.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $133.43M USD Point-in-time
LONG TERM DEBT LongTermDebt $258.12M USD Point-in-time
LONG TERM DEBT LongTermDebt $256.25M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesNoncurrent $58.00M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesNoncurrent $59.57M USD Point-in-time
TOTAL LIABILITIES Liabilities $477.95M USD Point-in-time
TOTAL LIABILITIES Liabilities $451.13M USD Point-in-time
Common stock CommonStockValue $17.68M USD Point-in-time
Common stock CommonStockValue $17.71M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $567.47M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $553.84M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.02B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $988.55M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $11.31M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $19.48M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $8.80M USD Point-in-time
Total shareholders investment StockholdersEquity $1.57B USD Point-in-time
Total shareholders investment StockholdersEquity $1.61B USD Point-in-time
Total liabilities and shareholders investment LiabilitiesAndStockholdersEquity $2.09B USD Point-in-time
Total liabilities and shareholders investment LiabilitiesAndStockholdersEquity $2.02B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
NET SALES SalesRevenueGoodsNet $335.74M USD 1 Quarter
NET SALES SalesRevenueGoodsNet $368.94M USD 1 Quarter
COST OF GOODS SOLD CostOfGoodsSold $204.44M USD 1 Quarter
COST OF GOODS SOLD CostOfGoodsSold $225.85M USD 1 Quarter
Gross profit GrossProfit $143.09M USD 1 Quarter
Gross profit GrossProfit $131.30M USD 1 Quarter
Engineering, research and development ResearchAndDevelopmentExpense $21.59M USD 1 Quarter
Engineering, research and development ResearchAndDevelopmentExpense $20.49M USD 1 Quarter
Selling, general & administrative SellingGeneralAndAdministrativeExpense $13.80M USD 1 Quarter
Selling, general & administrative SellingGeneralAndAdministrativeExpense $13.63M USD 1 Quarter
Total operating expenses OperatingExpenses $34.12M USD 1 Quarter
Total operating expenses OperatingExpenses $35.38M USD 1 Quarter
Income from operations OperatingIncomeLoss $107.71M USD 1 Quarter
Income from operations OperatingIncomeLoss $97.18M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $325.16K USD 1 Quarter
Investment income InvestmentIncomeNonoperating $612.02K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $97.36K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $4.19M USD 1 Quarter
Total other income NonoperatingIncomeExpense $709.38K USD 1 Quarter
Total other income NonoperatingIncomeExpense $4.51M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $101.69M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $108.42M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $31.23M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $33.13M USD 1 Quarter
NET INCOME NetIncomeLoss $68.57M USD 1 Quarter
NET INCOME NetIncomeLoss $77.18M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.24 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.26 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.23 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.26 USD 1 Quarter
Cash Dividends Declared per Share (in dollars per share) CommonStockDividendsPerShareDeclared $0.08 USD 1 Quarter
Cash Dividends Declared per Share (in dollars per share) CommonStockDividendsPerShareDeclared $0.07 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $68.57M USD 1 Quarter
Net income NetIncomeLoss $77.18M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $19.83M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $21.28M USD 1 Quarter
Gain on disposal of assets GainLossOnSaleOfOtherAssets $44.41K USD 1 Quarter
Gain on disposal of assets GainLossOnSaleOfOtherAssets $54.52K USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets $-221.95K USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets $-218.41K USD 1 Quarter
Gain on sale of investments GainOnSaleOfInvestments $2.91M USD 1 Quarter
Gain on sale of investments GainOnSaleOfInvestments $5.05M USD 1 Quarter
Loss on sale of investments GainLossOnSaleOfInvestments $-25.81K USD 1 Quarter
Loss on sale of investments GainLossOnSaleOfInvestments $-300.59K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.61M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-15.35K USD 1 Quarter
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock ShareBasedCompensation $5.81M USD 1 Quarter
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock ShareBasedCompensation $4.74M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.07M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $702.58K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $33.77M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $28.29M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.81M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $8.28M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-15.22M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-534.13K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.83M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $7.89M USD 1 Quarter
Accrued liabilities, excluding dividends declared IncreaseDecreaseInAccruedLiabilities $27.73M USD 1 Quarter
Accrued liabilities, excluding dividends declared IncreaseDecreaseInAccruedLiabilities $39.91M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $107.95M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $97.72M USD 1 Quarter
Sales proceeds ProceedsFromSaleOfAvailableForSaleSecurities $7.54M USD 1 Quarter
Sales proceeds ProceedsFromSaleOfAvailableForSaleSecurities $23.86M USD 1 Quarter
Purchases PaymentsToAcquireAvailableForSaleSecurities $24.49M USD 1 Quarter
Purchases PaymentsToAcquireAvailableForSaleSecurities $6.36M USD 1 Quarter
Plant and equipment additions PaymentsToAcquireProductiveAssets $15.16M USD 1 Quarter
Plant and equipment additions PaymentsToAcquireProductiveAssets $16.42M USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $35.01K USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $4.00 USD 1 Quarter
(Increase) in other assets IncreaseDecreaseInOtherOperatingAssets $285.35K USD 1 Quarter
(Increase) in other assets IncreaseDecreaseInOtherOperatingAssets $1.15M USD 1 Quarter
Net cash (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-15.13M USD 1 Quarter
Net cash (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-17.30M USD 1 Quarter
Repayment of long-term debt ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $-1.88M USD 1 Quarter
Repayment of long-term debt ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $-1.88M USD 1 Quarter
Issuance of common stock from stock plan transactions ProceedsFromIssuanceOfCommonStock $6.23M USD 1 Quarter
Issuance of common stock from stock plan transactions ProceedsFromIssuanceOfCommonStock $9.13M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $20.38M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $23.62M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $25.05M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $702.58K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.07M USD 1 Quarter
Net cash (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-40.34M USD 1 Quarter
Net cash (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-15.33M USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $65.10M USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $52.48M USD 1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $497.43M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $374.69M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $309.59M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $549.91M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $497.43M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $374.69M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $309.59M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $549.91M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $68.57M USD 1 Quarter
Net income NetIncomeLoss $77.18M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-91.25K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-942.97K USD 1 Quarter
Unrealized gains (losses) on derivatives OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax - USD 1 Quarter
Unrealized gains (losses) on derivatives OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-1.83M USD 1 Quarter
Unrealized gains (losses) on available-for sales securities, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-3.69M USD 1 Quarter
Unrealized gains (losses) on available-for sales securities, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-577.68K USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-3.78M USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $-3.35M USD 1 Quarter
Provision (Benefit) for income taxes related to components of other comprehensive income OtherComprehensiveIncomeLossTax $-843.28K USD 1 Quarter
Provision (Benefit) for income taxes related to components of other comprehensive income OtherComprehensiveIncomeLossTax $-1.29M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.49M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.51M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $66.07M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $74.67M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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