10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-047821`
Period End Date	20121231
Filing Date	20130211
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	genc-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 30 Cash Flow Statement 48

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$78.89M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$80.57M	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$368.00K	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$300.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	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 $78,895,000 at December 31, 2012 and $80,568,000 at September 30, 2012)	`MarketableSecuritiesCurrent`	$79.54M	USD	Point-in-time
Marketable securities at fair value (cost $78,895,000 at December 31, 2012 and $80,568,000 at September 30, 2012)	`MarketableSecuritiesCurrent`	$81.38M	USD	Point-in-time
Account receivable, less allowance for doubtful accounts of $300,000 at December 31, 2012 and $368,000 at September 30, 2012	`AccountsReceivableNetCurrent`	$1.06M	USD	Point-in-time
Account receivable, less allowance for doubtful accounts of $300,000 at December 31, 2012 and $368,000 at September 30, 2012	`AccountsReceivableNetCurrent`	$1.21M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$3.45M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$2.09M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$15.11M	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.92M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$782.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$985.00K	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
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`	$102.09M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$103.07M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$8.13M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$7.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$95.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$92.00K	USD	Point-in-time
Total Assets	`Assets`	$111.03M	USD	Point-in-time
Total Assets	`Assets`	$110.31M	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$1.51M	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$1.88M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$480.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$3.51M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.34M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.88M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.35M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$974.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$136.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.85M	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`	$10.11M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.48M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$102.55M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$103.46M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$110.31M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$111.03M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$4.95M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$6.86M	USD	1 Quarter
Production costs	`CostOfRevenue`	$4.53M	USD	1 Quarter
Production costs	`CostOfRevenue`	$6.14M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$448.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$539.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.80M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.96M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.94M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.48M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.61M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.99M	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$570.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$690.00K	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$2.23M	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-526.00K	USD	1 Quarter
Other	`OtherIncome`	$15.00K	USD	1 Quarter
Other	`OtherIncome`	$16.00K	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$2.81M	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$179.00K	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.81M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.20M	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$325.00K	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-835.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-976.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$875.00K	USD	1 Quarter
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.09	USD	1 Quarter
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.10	USD	1 Quarter
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.10	USD	1 Quarter
Net income (loss) per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.09	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-976.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$875.00K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.90M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$14.93M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.70M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$16.13M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$2.09M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$-632.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$835.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-325.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$261.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$286.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$90.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$40.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$46.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$63.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-237.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-110.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$2.37M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$1.35M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.19M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$203.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-131.00K	USD	1 Quarter
Account payable	`IncreaseDecreaseInAccountsPayable`	$-375.00K	USD	1 Quarter
Account payable	`IncreaseDecreaseInAccountsPayable`	$275.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.36M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$3.03M	USD	1 Quarter
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-438.00K	USD	1 Quarter
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-183.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.93M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.72M	USD	1 Quarter
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$956.00K	USD	1 Quarter
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$25.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$21.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$931.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.58M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time

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