10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000355811-20-000025 |
| Period End Date | 20200331 |
| Filing Date | 20200508 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | gntx-20200331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$296.32M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$278.52M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$140.38M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$131.08M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$233.58M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$235.41M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$248.94M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$251.01M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$29.32M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$16.54M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$910.73M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$950.38M | USD | Point-in-time |
| PLANT AND EQUIPMENTNET |
PropertyPlantAndEquipmentNet
|
$493.11M | USD | Point-in-time |
| PLANT AND EQUIPMENTNET |
PropertyPlantAndEquipmentNet
|
$498.32M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$307.37M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$307.37M | USD | Point-in-time |
| Long-term investments |
LongTermInvestments
|
$177.79M | USD | Point-in-time |
| Long-term investments |
LongTermInvestments
|
$139.91M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$250.38M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$245.55M | USD | Point-in-time |
| Patents and other assets, net |
PatentAndOtherAssetsNet
|
$22.46M | USD | Point-in-time |
| Patents and other assets, net |
PatentAndOtherAssetsNet
|
$23.55M | USD | Point-in-time |
| Total other assets |
OtherAssetsNoncurrent
|
$720.11M | USD | Point-in-time |
| Total other assets |
OtherAssetsNoncurrent
|
$754.26M | USD | Point-in-time |
| Total assets |
Assets
|
$2.16B | USD | Point-in-time |
| Total assets |
Assets
|
$2.17B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$100.10M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$97.55M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
- | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$75.00M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$88.86M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$74.29M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$171.85M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$263.96M | USD | Point-in-time |
| OTHER NON-CURRENT LIABILITIES |
OtherLiabilitiesNoncurrent
|
$7.41M | USD | Point-in-time |
| OTHER NON-CURRENT LIABILITIES |
OtherLiabilitiesNoncurrent
|
$9.09M | USD | Point-in-time |
| DEFERRED INCOME TAXES |
DeferredIncomeTaxLiabilitiesNet
|
$50.45M | USD | Point-in-time |
| DEFERRED INCOME TAXES |
DeferredIncomeTaxLiabilitiesNet
|
$51.45M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$323.50M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$230.72M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$15.08M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$14.69M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$801.39M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$807.93M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.02B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.12B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.29M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$214.79K | USD | Point-in-time |
| Total shareholders investment |
StockholdersEquity
|
$1.83B | USD | Point-in-time |
| Total shareholders investment |
StockholdersEquity
|
$1.94B | USD | Point-in-time |
| Total shareholders investment |
StockholdersEquity
|
$1.86B | USD | Point-in-time |
| Total shareholders investment |
StockholdersEquity
|
$1.86B | USD | Point-in-time |
| Total liabilities and shareholders investment |
LiabilitiesAndStockholdersEquity
|
$2.17B | USD | Point-in-time |
| Total liabilities and shareholders investment |
LiabilitiesAndStockholdersEquity
|
$2.16B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| NET SALES |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$468.59M | USD | 1 Quarter |
| NET SALES |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$453.76M | USD | 1 Quarter |
| COST OF GOODS SOLD |
CostOfGoodsAndServicesSold
|
$297.17M | USD | 1 Quarter |
| COST OF GOODS SOLD |
CostOfGoodsAndServicesSold
|
$298.94M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$156.59M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$169.64M | USD | 1 Quarter |
| Engineering, research and development |
ResearchAndDevelopmentExpense
|
$28.09M | USD | 1 Quarter |
| Engineering, research and development |
ResearchAndDevelopmentExpense
|
$29.62M | USD | 1 Quarter |
| Selling, general & administrative |
SellingGeneralAndAdministrativeExpense
|
$21.94M | USD | 1 Quarter |
| Selling, general & administrative |
SellingGeneralAndAdministrativeExpense
|
$19.96M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$51.56M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$48.05M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$121.60M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$105.03M | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNonoperating
|
$2.45M | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNonoperating
|
$3.26M | USD | 1 Quarter |
| Other income (loss), net |
OtherNonoperatingIncomeExpense
|
$49.47K | USD | 1 Quarter |
| Other income (loss), net |
OtherNonoperatingIncomeExpense
|
$-199.17K | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$2.25M | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$3.31M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$107.27M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$124.91M | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$20.63M | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$17.77M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$104.28M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$89.51M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.40 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.36 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.36 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.40 | USD | 1 Quarter |
| Cash Dividends Declared per Share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
| Cash Dividends Declared per Share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
NetIncomeLoss
|
$104.28M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$89.51M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$26.30M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$28.10M | USD | 1 Quarter |
| (Gain) on disposal of assets |
GainOnDisposalOfAssets
|
$151.91K | USD | 1 Quarter |
| (Gain) on disposal of assets |
GainOnDisposalOfAssets
|
$43.34K | USD | 1 Quarter |
| Loss on disposal of assets |
LossOnDispositionOfAssets
|
$122.30K | USD | 1 Quarter |
| Loss on disposal of assets |
LossOnDispositionOfAssets
|
$54.28K | USD | 1 Quarter |
| (Gain) on sale of investments |
GainOnSaleOfInvestments
|
$42.46K | USD | 1 Quarter |
| (Gain) on sale of investments |
GainOnSaleOfInvestments
|
$88.58K | USD | 1 Quarter |
| Loss on sale of investments |
LossOnSaleOfInvestments
|
$5.49K | USD | 1 Quarter |
| Loss on sale of investments |
LossOnSaleOfInvestments
|
- | USD | 1 Quarter |
| Change in deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.59M | USD | 1 Quarter |
| Change in deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.23M | USD | 1 Quarter |
| Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock |
ShareBasedCompensation
|
$6.36M | USD | 1 Quarter |
| Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock |
ShareBasedCompensation
|
$4.86M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-1.83M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$30.73M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$2.06M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$21.44K | USD | 1 Quarter |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-12.78M | USD | 1 Quarter |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-10.85M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$2.55M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-2.69M | USD | 1 Quarter |
| Accrued liabilities, excluding dividends declared and short-term debt |
IncreaseDecreaseInAccruedLiabilities
|
$15.76M | USD | 1 Quarter |
| Accrued liabilities, excluding dividends declared and short-term debt |
IncreaseDecreaseInAccruedLiabilities
|
$20.44M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$151.28M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$133.84M | USD | 1 Quarter |
| Sales proceeds |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
$3.12M | USD | 1 Quarter |
| Sales proceeds |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
$17.14M | USD | 1 Quarter |
| Maturities and calls |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$19.72M | USD | 1 Quarter |
| Maturities and calls |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$3.00M | USD | 1 Quarter |
| Purchases |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$48.61M | USD | 1 Quarter |
| Purchases |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$18.48M | USD | 1 Quarter |
| Plant and equipment additions |
PaymentsToAcquireProductiveAssets
|
$16.84M | USD | 1 Quarter |
| Plant and equipment additions |
PaymentsToAcquireProductiveAssets
|
$15.57M | USD | 1 Quarter |
| Proceeds from sale of plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$165.53K | USD | 1 Quarter |
| Proceeds from sale of plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$117.45K | USD | 1 Quarter |
| Decrease in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-164.22K | USD | 1 Quarter |
| Decrease in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$2.54M | USD | 1 Quarter |
| Net cash (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-14.90M | USD | 1 Quarter |
| Net cash (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-43.72M | USD | 1 Quarter |
| Proceeds from borrowings on Credit Agreement |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Proceeds from borrowings on Credit Agreement |
ProceedsFromIssuanceOfLongTermDebt
|
$75.00M | USD | 1 Quarter |
| Issuance of common stock from stock plan transactions |
ProceedsFromIssuanceOfCommonStock
|
$10.51M | USD | 1 Quarter |
| Issuance of common stock from stock plan transactions |
ProceedsFromIssuanceOfCommonStock
|
$7.36M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$28.53M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$28.90M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$96.27M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$178.82M | USD | 1 Quarter |
| Net cash (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-125.36M | USD | 1 Quarter |
| Net cash (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-114.28M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-17.80M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$4.66M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$217.03M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$296.32M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$221.69M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$278.52M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$217.03M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$296.32M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$221.69M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$278.52M | USD | Point-in-time |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Dividends declared (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
| Dividends declared (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
| Balance at beginning of period |
StockholdersEquity
|
$1.83B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$1.94B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$1.86B | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$1.86B | USD | Point-in-time |
| Issuance of common stock from stock plan transactions |
StockIssuedDuringPeriodValueNewIssues
|
$10.51M | USD | 1 Quarter |
| Issuance of common stock from stock plan transactions |
StockIssuedDuringPeriodValueNewIssues
|
$7.36M | USD | 1 Quarter |
| Repurchases of common stock (in shares) |
StockRepurchasedDuringPeriodShares
|
7.00M | shares | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$178.82M | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$96.27M | USD | 1 Quarter |
| Stock-based compensation expense related to stock options, employee stock purchases and restricted stock |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$4.86M | USD | 1 Quarter |
| Stock-based compensation expense related to stock options, employee stock purchases and restricted stock |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$6.36M | USD | 1 Quarter |
| Dividends declared |
DividendsCommonStockCash
|
$29.39M | USD | 1 Quarter |
| Dividends declared |
DividendsCommonStockCash
|
$29.38M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$104.28M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$89.51M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTax
|
$1.50M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTax
|
$1.32M | USD | 1 Quarter |
| Balance at end of period |
StockholdersEquity
|
$1.83B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$1.94B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$1.86B | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$1.86B | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
NetIncomeLoss
|
$104.28M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$89.51M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$299.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-692.09K | USD | 1 Quarter |
| Unrealized gains on debt securities, net |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$1.30M | USD | 1 Quarter |
| Unrealized gains on debt securities, net |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$2.78M | USD | 1 Quarter |
| Other comprehensive income, before tax |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$1.60M | USD | 1 Quarter |
| Other comprehensive income, before tax |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$2.09M | USD | 1 Quarter |
| Income tax impact related to components of other comprehensive income |
OtherComprehensiveIncomeLossTax
|
$583.74K | USD | 1 Quarter |
| Income tax impact related to components of other comprehensive income |
OtherComprehensiveIncomeLossTax
|
$272.63K | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.50M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.32M | USD | 1 Quarter |
| Net current-period change |
ComprehensiveIncomeNetOfTax
|
$91.01M | USD | 1 Quarter |
| Net current-period change |
ComprehensiveIncomeNetOfTax
|
$105.61M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.