10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-221212`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	genc-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 61 Cash Flow Statement 51

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$80.22M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$70.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$846.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.46M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Marketable securities at fair value (cost $80,215,000 at June 30, 2011 and $70,089,000 at September 30, 2010)	`MarketableSecuritiesCurrent`	$73.33M	USD	Point-in-time
Marketable securities at fair value (cost $80,215,000 at June 30, 2011 and $70,089,000 at September 30, 2010)	`MarketableSecuritiesCurrent`	$80.65M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Account receivable, less allowance for doubtful accounts of $846,000 at June 30, 2011 and $1,803,000 at September 30, 2010	`AccountsReceivableNetCurrent`	$1.98M	USD	Point-in-time
Account receivable, less allowance for doubtful accounts of $846,000 at June 30, 2011 and $1,803,000 at September 30, 2010	`AccountsReceivableNetCurrent`	$2.18M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$4.22M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$580.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$17.34M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$660.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.35M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.21M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$105.63M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$99.10M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	95,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$106.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$358.00K	USD	Point-in-time
Total Assets	`Assets`	$113.84M	USD	Point-in-time
Total Assets	`Assets`	$107.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.44M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$2.75M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.32M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.67M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.86M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.17M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$801.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.66M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.70M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.10 per share; authorized 300,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.10 per share; authorized 300,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$801.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$810.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.54M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$9.81M	USD	Point-in-time
Company shares held in treasury, at cost; 95,000 shares at September 30, 2010	`TreasuryStockValue`	$738.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.41M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$103.17M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$98.53M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$107.23M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$113.84M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$12.68M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$23.02M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$47.80M	USD	3 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$47.53M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$39.62M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$18.76M	USD	1 Quarter
Production costs	`CostOfRevenue`	$38.46M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$11.18M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.61M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.91M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$547.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$607.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.56M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.66M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.42M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.57M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$47.89M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$47.93M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$14.20M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-362.00K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$1.45M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.52M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-135.00K	USD	3 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$1.91M	USD	3 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$565.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$1.47M	USD	3 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$695.00K	USD	1 Quarter
Income from investees	`IncomeLossFromEquityMethodInvestments`	$163.00K	USD	3 Qtrs
Net realized and unrealized gains and (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-1.87M	USD	3 Qtrs
Net realized and unrealized gains and (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-2.06M	USD	1 Quarter
Net realized and unrealized gains and (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-530.00K	USD	1 Quarter
Net realized and unrealized gains and (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$2.84M	USD	3 Qtrs
Other	`OtherExpenses`	$-754.00K	USD	1 Quarter
Other	`OtherExpenses`	$-17.00K	USD	1 Quarter
Other	`OtherExpenses`	$-778.00K	USD	3 Qtrs
Other	`OtherExpenses`	$-42.00K	USD	3 Qtrs
Other income (expense) total	`OtherNonrecurringIncomeExpense`	$609.00K	USD	1 Quarter
Other income (expense) total	`OtherNonrecurringIncomeExpense`	$-4.35M	USD	3 Qtrs
Other income (expense) total	`OtherNonrecurringIncomeExpense`	$-980.00K	USD	3 Qtrs
Other income (expense) total	`OtherNonrecurringIncomeExpense`	$-52.00K	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.13M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.99M	USD	3 Qtrs
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$845.00K	USD	3 Qtrs
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.50M	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$409.00K	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-659.00K	USD	3 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-51.00K	USD	3 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-551.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.09M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$896.00K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$4.65M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-1.58M	USD	1 Quarter
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.11	USD	1 Quarter
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.16	USD	1 Quarter
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.09	USD	3 Qtrs
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.49	USD	3 Qtrs
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.09	USD	3 Qtrs
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.49	USD	3 Qtrs
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.11	USD	1 Quarter
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.16	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$896.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-1.58M	USD	1 Quarter
Purchases of marketable securities (including money funds)	`PaymentsToAcquireMarketableSecurities`	$70.91M	USD	3 Qtrs
Purchases of marketable securities (including money funds)	`PaymentsToAcquireMarketableSecurities`	$84.85M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$57.80M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$80.36M	USD	3 Qtrs
Change in fair value of marketable securities	`ChangeInFairValueOfMarketableSecurities`	$-2.83M	USD	3 Qtrs
Change in fair value of marketable securities	`ChangeInFairValueOfMarketableSecurities`	$1.74M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.42M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$852.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$671.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$642.00K	USD	3 Qtrs
Income from investees	`IncomeLossFromEquityMethodInvestments`	$163.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$570.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$190.00K	USD	3 Qtrs
Gain on shareholder legal settlement	`GainLossRelatedToLitigationSettlement`	$738.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$140.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.50M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$4.10M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-3.64M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.83M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.16M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$152.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-585.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-724.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.06M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.28M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$113.00K	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$1.35M	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$1.11M	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$4.26M	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$2.11M	USD	3 Qtrs
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.21M	USD	3 Qtrs
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$388.00K	USD	3 Qtrs
Distributions from unconsolidated investees	`DistributionsFromUnconsolidatedInvestees`	$163.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$969.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$173.00K	USD	3 Qtrs
Cash flows (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.00K	USD	3 Qtrs
Cash flows (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-969.00K	USD	3 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-581.00K	USD	3 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.22M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.46M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.46M	USD	Point-in-time

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