10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-056149`
Period End Date	20111231
Filing Date	20120213
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	genc-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 30 Cash Flow Statement 47

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$74.49M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$76.28M	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$653.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$582.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Marketable securities at fair value (cost $74,491,000 at December 31, 2011 and $76,275,000 at September 30, 2011)	`MarketableSecuritiesCurrent`	$72.49M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Marketable securities at fair value (cost $74,491,000 at December 31, 2011 and $76,275,000 at September 30, 2011)	`MarketableSecuritiesCurrent`	$73.78M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Account receivable, less allowance for doubtful accounts of $653,000 at December 31, 2011 and $582,000 at September 30, 2011	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Account receivable, less allowance for doubtful accounts of $653,000 at December 31, 2011 and $582,000 at September 30, 2011	`AccountsReceivableNetCurrent`	$1.57M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$2.08M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$4.45M	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
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`	$12.88M	USD	Point-in-time
Inventories, net	`InventoryNet`	$15.52M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$365.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$690.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$95.42M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$98.79M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$8.11M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$8.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$600.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$602.00K	USD	Point-in-time
Total Assets	`Assets`	$107.50M	USD	Point-in-time
Total Assets	`Assets`	$104.38M	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$2.25M	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$1.98M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$3.12M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$756.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.84M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.40M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.58M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.78M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.78M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.58M	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`	$801.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$9.86M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$9.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$88.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.99M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$99.72M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$98.80M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$104.38M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$107.50M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$7.79M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$6.86M	USD	1 Quarter
Production costs	`CostOfRevenue`	$6.14M	USD	1 Quarter
Production costs	`CostOfRevenue`	$6.81M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$539.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$529.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.80M	USD	1 Quarter
Total operating expenses	`OperatingExpense`	$8.48M	USD	1 Quarter
Total operating expenses	`OperatingExpense`	$9.44M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.61M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.66M	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$570.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$609.00K	USD	1 Quarter
Realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$2.54M	USD	1 Quarter
Realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$2.23M	USD	1 Quarter
Other	`OtherExpenses`	$-16.00K	USD	1 Quarter
Other	`OtherExpenses`	$-19.00K	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$3.17M	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$2.81M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.51M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.20M	USD	1 Quarter
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$325.00K	USD	1 Quarter
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$405.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$875.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.12	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.09	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.12	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.09	USD	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$875.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.90M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.05M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.77M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.70M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$2.09M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$2.87M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-860.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-325.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$191.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$261.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$90.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$90.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$46.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-403.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-237.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.90M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$2.37M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$681.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-37.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-131.00K	USD	1 Quarter
Account payable	`IncreaseDecreaseInAccountsPayable`	$712.00K	USD	1 Quarter
Account payable	`IncreaseDecreaseInAccountsPayable`	$275.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.36M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.42M	USD	1 Quarter
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-438.00K	USD	1 Quarter
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-90.00K	USD	1 Quarter
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$2.10M	USD	1 Quarter
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$-1.72M	USD	1 Quarter
Cash flows provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.60M	USD	1 Quarter
Cash flows provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$21.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$135.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-135.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.14M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.58M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time

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