10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-230761`
Period End Date	20120331
Filing Date	20120514
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	genc-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 60 Cash Flow Statement 49

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$76.28M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$76.14M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$784.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.02M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$582.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Marketable securities at fair value (cost $76,141,000 at March 31, 2012 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
Marketable securities at fair value (cost $76,141,000 at March 31, 2012 and $76,275,000 at September 30, 2011)	`MarketableSecuritiesCurrent`	$76.95M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Account receivable, less allowance for doubtful accounts of $784,000 at March 31, 2012 and $582,000 at September 30, 2011	`AccountsReceivableNetCurrent`	$1.57M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Account receivable, less allowance for doubtful accounts of $784,000 at March 31, 2012 and $582,000 at September 30, 2011	`AccountsReceivableNetCurrent`	$1.53M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$379.00K	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
Inventories, net	`InventoryNet`	$14.66M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.88M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	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`	$1.26M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$95.42M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$108.28M	USD	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$99.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$602.00K	USD	Point-in-time
Total Assets	`Assets`	$104.38M	USD	Point-in-time
Total Assets	`Assets`	$116.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.98M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$756.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$8.14M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.84M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$13.91M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.58M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$512.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.42M	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`	$9.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.63M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$98.80M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$102.53M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$116.95M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$104.38M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$24.51M	USD	2 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$19.34M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$16.73M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$26.20M	USD	2 Qtrs
Production costs	`CostOfRevenue`	$21.41M	USD	2 Qtrs
Production costs	`CostOfRevenue`	$14.05M	USD	1 Quarter
Production costs	`CostOfRevenue`	$15.27M	USD	1 Quarter
Production costs	`CostOfRevenue`	$20.86M	USD	2 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$534.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.06M	USD	2 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$556.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.09M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.32M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.29M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.52M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.40M	USD	2 Qtrs
Total operating expenses	`OperatingExpense`	$26.83M	USD	2 Qtrs
Total operating expenses	`OperatingExpense`	$26.32M	USD	2 Qtrs
Total operating expenses	`OperatingExpense`	$18.35M	USD	1 Quarter
Total operating expenses	`OperatingExpense`	$16.88M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-626.00K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-153.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$987.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.81M	USD	2 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$553.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$1.12M	USD	2 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$904.00K	USD	2 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$511.00K	USD	1 Quarter
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$3.37M	USD	2 Qtrs
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$2.61M	USD	1 Quarter
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$4.84M	USD	2 Qtrs
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$614.00K	USD	1 Quarter
Other	`OtherExpenses`	$-20.00K	USD	1 Quarter
Other	`OtherExpenses`	$-25.00K	USD	2 Qtrs
Other	`OtherExpenses`	$-6.00K	USD	1 Quarter
Other	`OtherExpenses`	$-36.00K	USD	2 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$6.00M	USD	2 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$1.13M	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$4.30M	USD	2 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$3.18M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.17M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.49M	USD	2 Qtrs
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$978.00K	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.37M	USD	2 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$1.41M	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-1.47M	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$1.73M	USD	2 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-1.07M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$3.64M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$3.56M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$2.45M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.77M	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.37	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.38	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.29	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.26	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.29	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.38	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.37	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.26	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.64M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.77M	USD	1 Quarter
Purchases of marketable securities (including money funds)	`PaymentsToAcquireMarketableSecurities`	$22.96M	USD	2 Qtrs
Purchases of marketable securities (including money funds)	`PaymentsToAcquireMarketableSecurities`	$45.20M	USD	2 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$23.34M	USD	2 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$42.71M	USD	2 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$1.80M	USD	2 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$4.83M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.70M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$407.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$514.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$100.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$240.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$92.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$202.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-291.00K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.14M	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$4.07M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.78M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-488.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-367.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-544.00K	USD	2 Qtrs
Account payable	`IncreaseDecreaseInAccountsPayable`	$791.00K	USD	2 Qtrs
Account payable	`IncreaseDecreaseInAccountsPayable`	$2.01M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$4.44M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$7.38M	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$164.00K	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$818.00K	USD	2 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$-310.00K	USD	2 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$-8.88M	USD	2 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.52M	USD	2 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.87M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$851.00K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$730.00K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-730.00K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-851.00K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.79M	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.01M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.02M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$6.02M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time

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