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10-Q Filing

GENTEX CORP CIK: 355811 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001193125-12-202546
Period End Date 20120331
Filing Date 20120502
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance gntx-20120331.xml
Filing Contents
Balance Sheet 44 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $370.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $357.99M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $348.35M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $440.32M USD Point-in-time
Short-term investments ShortTermInvestments $60.81M USD Point-in-time
Short-term investments ShortTermInvestments $51.99M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $139.30M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $110.39M USD Point-in-time
Inventories InventoryNet $200.75M USD Point-in-time
Inventories InventoryNet $188.75M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $34.35M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $23.43M USD Point-in-time
Total current assets AssetsCurrent $752.29M USD Point-in-time
Total current assets AssetsCurrent $786.27M USD Point-in-time
PLANT AND EQUIPMENT- NET PropertyPlantAndEquipmentNet $282.54M USD Point-in-time
PLANT AND EQUIPMENT- NET PropertyPlantAndEquipmentNet $309.66M USD Point-in-time
Long-term investments LongTermInvestments $128.17M USD Point-in-time
Long-term investments LongTermInvestments $146.16M USD Point-in-time
Patents and other assets, net IntangibleAssetsNetExcludingGoodwill $13.02M USD Point-in-time
Patents and other assets, net IntangibleAssetsNetExcludingGoodwill $13.06M USD Point-in-time
Total other assets OtherAssetsNoncurrent $141.19M USD Point-in-time
Total other assets OtherAssetsNoncurrent $159.22M USD Point-in-time
Total assets Assets $1.18B USD Point-in-time
Total assets Assets $1.26B USD Point-in-time
Accounts payable AccountsPayableCurrent $72.99M USD Point-in-time
Accounts payable AccountsPayableCurrent $65.47M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $35.22M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $57.12M USD Point-in-time
Total current liabilities LiabilitiesCurrent $130.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $100.69M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesNoncurrent $48.21M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesNoncurrent $54.77M USD Point-in-time
Common stock CommonStockValue $8.65M USD Point-in-time
Common stock CommonStockValue $8.64M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $401.65M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $395.23M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $610.70M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $638.30M USD Point-in-time
Other shareholders' investment AccumulatedOtherComprehensiveIncomeLossNetOfTax $12.54M USD Point-in-time
Other shareholders' investment AccumulatedOtherComprehensiveIncomeLossNetOfTax $21.67M USD Point-in-time
Total shareholders' investment StockholdersEquity $1.03B USD Point-in-time
Total shareholders' investment StockholdersEquity $1.07B USD Point-in-time
Total liabilities and shareholders' investment LiabilitiesAndStockholdersEquity $1.26B USD Point-in-time
Total liabilities and shareholders' investment LiabilitiesAndStockholdersEquity $1.18B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
NET SALES SalesRevenueGoodsNet $250.95M USD 1 Quarter
NET SALES SalesRevenueGoodsNet $290.71M USD 1 Quarter
COST OF GOODS SOLD CostOfGoodsSold $189.88M USD 1 Quarter
COST OF GOODS SOLD CostOfGoodsSold $160.63M USD 1 Quarter
Gross profit GrossProfit $100.83M USD 1 Quarter
Gross profit GrossProfit $90.32M USD 1 Quarter
Engineering, research and development ResearchAndDevelopmentExpense $23.22M USD 1 Quarter
Engineering, research and development ResearchAndDevelopmentExpense $18.91M USD 1 Quarter
Selling, general & administrative SellingGeneralAndAdministrativeExpense $11.31M USD 1 Quarter
Selling, general & administrative SellingGeneralAndAdministrativeExpense $12.11M USD 1 Quarter
Total operating expenses OperatingExpenses $30.23M USD 1 Quarter
Total operating expenses OperatingExpenses $35.33M USD 1 Quarter
Operating income OperatingIncomeLoss $60.09M USD 1 Quarter
Operating income OperatingIncomeLoss $65.50M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $499.57K USD 1 Quarter
Investment income InvestmentIncomeNonoperating $596.02K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $2.86M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $2.69M USD 1 Quarter
Total other income NonoperatingIncomeExpense $3.36M USD 1 Quarter
Total other income NonoperatingIncomeExpense $3.29M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $68.79M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $63.46M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $21.12M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $22.44M USD 1 Quarter
NET INCOME NetIncomeLoss $46.34M USD 1 Quarter
NET INCOME NetIncomeLoss $42.33M USD 1 Quarter
Basic EarningsPerShareBasic $0.32 USD 1 Quarter
Basic EarningsPerShareBasic $0.30 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.29 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.32 USD 1 Quarter
Cash Dividends Declared per Share CommonStockDividendsPerShareDeclared $0.13 USD 1 Quarter
Cash Dividends Declared per Share CommonStockDividendsPerShareDeclared $0.12 USD 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $46.34M USD 1 Quarter
Net income NetIncomeLoss $42.33M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $12.67M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.55M USD 1 Quarter
(Gain) loss on disposal of assets GainLossOnDispositionOfAssets $161.49K USD 1 Quarter
(Gain) loss on disposal of assets GainLossOnDispositionOfAssets $507.02K USD 1 Quarter
(Gain) loss on sale of investments GainLossOnSaleOfInvestments $2.37M USD 1 Quarter
(Gain) loss on sale of investments GainLossOnSaleOfInvestments $1.49M USD 1 Quarter
Impairment loss on available-for-sale securities ImpairmentOfInvestments - USD 1 Quarter
Impairment loss on available-for-sale securities ImpairmentOfInvestments - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $880.31K USD 1 Quarter
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock ShareBasedCompensation $3.96M USD 1 Quarter
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock ShareBasedCompensation $3.10M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.25M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $318.12K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $28.91M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $20.68M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.31M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $12.00M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-11.88M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.71M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $7.52M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $20.78M USD 1 Quarter
Accrued liabilities, excluding dividends declared IncreaseDecreaseInAccruedLiabilities $21.00M USD 1 Quarter
Accrued liabilities, excluding dividends declared IncreaseDecreaseInAccruedLiabilities $20.44M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $61.13M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $77.38M USD 1 Quarter
Plant and equipment additions PaymentsToAcquireProductiveAssets $19.44M USD 1 Quarter
Plant and equipment additions PaymentsToAcquireProductiveAssets $39.82M USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $47.51K USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
(Increase) decrease in investments IncreaseDecreaseInTradingSecurities $-5.84M USD 1 Quarter
(Increase) decrease in investments IncreaseDecreaseInTradingSecurities $-38.01M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-2.24M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-175.42K USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $20.86M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-33.81M USD 1 Quarter
Issuance of common stock from stock plan transactions ProceedsFromIssuanceOfCommonStock $2.47M USD 1 Quarter
Issuance of common stock from stock plan transactions ProceedsFromIssuanceOfCommonStock $8.14M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $15.65M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $17.29M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.25M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $318.12K USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-14.50M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-6.26M USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $12.82M USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $91.97M USD 1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $370.80M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $357.99M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $348.35M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $440.32M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $370.80M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $357.99M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $348.35M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $440.32M USD Point-in-time
Comprehensive Income 2 line items
Line Item Tag Value Unit Period
Comprehensive Income ComprehensiveIncomeNetOfTax $47.31M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $55.47M USD 1 Quarter

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

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