10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-354436`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	genc-20120630.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`	$76.34M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$76.28M	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$582.00K	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$871.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.76M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $76,337,000 at June 30, 2012 and $76,275,000 at September 30, 2011)	`MarketableSecuritiesCurrent`	$76.24M	USD	Point-in-time
Marketable securities at fair value (cost $76,337,000 at June 30, 2012 and $76,275,000 at September 30, 2011)	`MarketableSecuritiesCurrent`	$72.49M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Account receivable, less allowance for doubtful accounts of $871,000 at June 30, 2012 and $582,000 at September 30, 2011	`AccountsReceivableNetCurrent`	$1.40M	USD	Point-in-time
Account receivable, less allowance for doubtful accounts of $871,000 at June 30, 2012 and $582,000 at September 30, 2011	`AccountsReceivableNetCurrent`	$1.57M	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
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$4.45M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$4.22M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.88M	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.98M	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
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$690.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.63M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.36M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$95.42M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$105.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.33M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$602.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$97.00K	USD	Point-in-time
Total Assets	`Assets`	$104.38M	USD	Point-in-time
Total Assets	`Assets`	$114.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.37M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$756.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$2.52M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.84M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$4.55M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.58M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.44M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$178.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.61M	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`	$10.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.82M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$98.80M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$103.77M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$114.39M	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`	$23.02M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$47.53M	USD	3 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$49.19M	USD	3 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$22.99M	USD	1 Quarter
Production costs	`CostOfRevenue`	$18.76M	USD	1 Quarter
Production costs	`CostOfRevenue`	$17.24M	USD	1 Quarter
Production costs	`CostOfRevenue`	$39.62M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$38.65M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.76M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$547.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.61M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$670.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.00M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.66M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.68M	USD	1 Quarter
Total operating expenses	`OperatingExpense`	$20.59M	USD	1 Quarter
Total operating expenses	`OperatingExpense`	$47.41M	USD	3 Qtrs
Total operating expenses	`OperatingExpense`	$47.89M	USD	3 Qtrs
Total operating expenses	`OperatingExpense`	$21.57M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$1.45M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.40M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$1.77M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-362.00K	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`	$581.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$1.70M	USD	3 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-530.00K	USD	1 Quarter
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$3.55M	USD	3 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$2.84M	USD	3 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-1.29M	USD	1 Quarter
Other	`OtherIncome`	$13.00K	USD	1 Quarter
Other	`OtherIncome`	$49.00K	USD	3 Qtrs
Other	`OtherIncome`	$42.00K	USD	3 Qtrs
Other	`OtherIncome`	$17.00K	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$5.30M	USD	3 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$4.35M	USD	3 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$52.00K	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$-696.00K	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.50M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.71M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.08M	USD	3 Qtrs
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.99M	USD	3 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-659.00K	USD	3 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$2.24M	USD	3 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$513.00K	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$409.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$4.83M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.09M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$4.65M	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.51	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.49	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.13	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.11	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.11	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.51	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.49	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.13	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.83M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.65M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$41.82M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$84.85M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$80.36M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$41.52M	USD	3 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$3.46M	USD	3 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$2.83M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.42M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.36M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$642.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$798.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$366.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$190.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$138.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$190.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$140.00K	USD	3 Qtrs
Cost and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-3.64M	USD	3 Qtrs
Cost and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$234.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.16M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-895.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-585.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-268.00K	USD	3 Qtrs
Account payable	`IncreaseDecreaseInAccountsPayable`	$1.39M	USD	3 Qtrs
Account payable	`IncreaseDecreaseInAccountsPayable`	$1.06M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.28M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.76M	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$1.35M	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$1.71M	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$-4.99M	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$4.26M	USD	3 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.82M	USD	3 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$388.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$773.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$969.00K	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-773.00K	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-969.00K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-581.00K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.04M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.76M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.76M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time

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