10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-219014`
Period End Date	20130331
Filing Date	20130514
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	genc-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 59 Cash Flow Statement 50

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$80.57M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$79.25M	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$263.00K	USD	Point-in-time
Account receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$368.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.40M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Marketable securities at fair value (cost $79,247,000 at March 31, 2013 and $80,568,000 at September 30, 2012)	`MarketableSecuritiesCurrent`	$81.36M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $79,247,000 at March 31, 2013 and $80,568,000 at September 30, 2012)	`MarketableSecuritiesCurrent`	$81.38M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $263,000 at March 31, 2013 and $368,000 at September 30, 2012	`AccountsReceivableNetCurrent`	$1.21M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $263,000 at March 31, 2013 and $368,000 at September 30, 2012	`AccountsReceivableNetCurrent`	$1.29M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	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
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$3.45M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$3.57M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$13.52M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$11.92M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$782.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.73M	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`	$102.09M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$107.86M	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`	$8.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$90.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$95.00K	USD	Point-in-time
Total Assets	`Assets`	$110.31M	USD	Point-in-time
Total Assets	`Assets`	$116.14M	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$1.88M	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$2.27M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$3.19M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$480.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.48M	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`	$8.93M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.62M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$974.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.56M	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`	$10.05M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$94.46M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$105.59M	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`	$116.14M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$17.74M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$26.20M	USD	2 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$19.34M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$22.68M	USD	2 Qtrs
Production costs	`CostOfRevenue`	$17.94M	USD	2 Qtrs
Production costs	`CostOfRevenue`	$13.41M	USD	1 Quarter
Production costs	`CostOfRevenue`	$15.27M	USD	1 Quarter
Production costs	`CostOfRevenue`	$21.41M	USD	2 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.09M	USD	2 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$454.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$902.00K	USD	2 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$556.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.52M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.94M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.32M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$26.83M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$22.79M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$15.85M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.35M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-626.00K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$987.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-102.00K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$1.89M	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$1.24M	USD	2 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$1.12M	USD	2 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$553.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$553.00K	USD	1 Quarter
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$1.27M	USD	1 Quarter
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$743.00K	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
Other	`OtherIncome`	$36.00K	USD	2 Qtrs
Other	`OtherIncome`	$20.00K	USD	1 Quarter
Other	`OtherIncome`	$15.00K	USD	2 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$6.00M	USD	2 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$3.18M	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$2.00M	USD	2 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$1.82M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.37M	USD	2 Qtrs
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.71M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.90M	USD	2 Qtrs
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.17M	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-102.00K	USD	2 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$1.73M	USD	2 Qtrs
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$1.41M	USD	1 Quarter
Income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$733.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.64M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$2.98M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.77M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.00M	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.31	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.21	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.29	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.38	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.21	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.38	USD	2 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.29	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.31	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.64M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$27.61M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$22.96M	USD	2 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$28.26M	USD	2 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$23.34M	USD	2 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$644.00K	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`	$-648.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$514.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$578.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$40.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$240.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$92.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$124.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$202.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$122.00K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-121.00K	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`	$1.60M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$948.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-367.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$791.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$384.00K	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$7.38M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.71M	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-40.00K	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$164.00K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$8.88M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.67M	USD	2 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.52M	USD	2 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.67M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$730.00K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$637.00K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-637.00K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-730.00K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.79M	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.04M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.40M	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`	$3.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$6.40M	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.