10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-332136`
Period End Date	20130630
Filing Date	20130813
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	genc-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 60 Cash Flow Statement 50

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$80.74M	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`	$234.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.49M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.76M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $80,741,000 at June 30, 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
Marketable securities at fair value (cost $80,741,000 at June 30, 2013 and $80,568,000 at September 30, 2012)	`MarketableSecuritiesCurrent`	$82.02M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $234,000 at June 30, 2013 and $368,000 at September 30, 2012	`AccountsReceivableNetCurrent`	$1.21M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $234,000 at June 30, 2013 and $368,000 at September 30, 2012	`AccountsReceivableNetCurrent`	$1.14M	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
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$3.45M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$2.67M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$11.92M	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.89M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.26M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$782.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$102.09M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$108.47M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.13M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$95.00K	USD	Point-in-time
Total Assets	`Assets`	$116.91M	USD	Point-in-time
Total Assets	`Assets`	$110.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.70M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.57M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$480.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.85M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$3.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.11M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.88M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.67M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$974.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.78M	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`	$10.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$96.95M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$108.14M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$103.46M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$116.91M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$110.31M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$18.69M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$22.99M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$41.38M	USD	3 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$49.19M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$31.66M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$13.72M	USD	1 Quarter
Production costs	`CostOfRevenue`	$38.65M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$17.24M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$420.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$670.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.32M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.76M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.81M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.68M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.00M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$47.41M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$20.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.79M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$16.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.58M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.77M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$2.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.68M	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$1.76M	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
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$516.00K	USD	1 Quarter
Net realized and unrealized gain (loss) on marketable securities	`MarketableSecuritiesGainLoss`	$888.00K	USD	3 Qtrs
Net realized and unrealized gain (loss) on marketable securities	`MarketableSecuritiesGainLoss`	$145.00K	USD	1 Quarter
Net realized and unrealized gain (loss) on marketable securities	`MarketableSecuritiesGainLoss`	$-1.29M	USD	1 Quarter
Net realized and unrealized gain (loss) on marketable securities	`MarketableSecuritiesGainLoss`	$3.55M	USD	3 Qtrs
Other	`OtherIncome`	$49.00K	USD	3 Qtrs
Other	`OtherIncome`	$13.00K	USD	1 Quarter
Other	`OtherIncome`	$18.00K	USD	1 Quarter
Other	`OtherIncome`	$33.00K	USD	3 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$679.00K	USD	1 Quarter
Other income (expense) total	`NonoperatingIncomeExpense`	$5.30M	USD	3 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$2.68M	USD	3 Qtrs
Other income (expense) total	`NonoperatingIncomeExpense`	$-696.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.08M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.71M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.26M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.36M	USD	1 Quarter
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$771.00K	USD	3 Qtrs
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$513.00K	USD	1 Quarter
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$2.24M	USD	3 Qtrs
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$873.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$4.49M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$4.83M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$2.49M	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.13	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.51	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.26	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.47	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.51	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.13	USD	1 Quarter
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.47	USD	3 Qtrs
Net income per share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.26	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.49M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.83M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.49M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$52.66M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$41.82M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$52.76M	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`	$753.00K	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.69M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.36M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$798.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$881.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$40.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$366.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$184.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$138.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-24.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$190.00K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$783.00K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$234.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-895.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-24.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-268.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.48M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-186.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.39M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.76M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.09M	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-663.00K	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$1.71M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$4.99M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.75M	USD	3 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.24M	USD	3 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.82M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.11M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$773.00K	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.11M	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-773.00K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.13M	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.04M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.49M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.76M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$8.49M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.76M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time

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