10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-191594`
Period End Date	20140331
Filing Date	20140509
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	genc-20140331.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`	$81.17M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$83.11M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$239.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$309.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.40M	USD	Point-in-time
Marketable securities at fair value (cost $83,114,000 at March 31, 2014 and $81,165,000 at September 30, 2013)	`MarketableSecuritiesCurrent`	$83.11M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $83,114,000 at March 31, 2014 and $81,165,000 at September 30, 2013)	`MarketableSecuritiesCurrent`	$85.77M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $239,000 at March 31, 2014 and $309,000 at September 30, 2013	`AccountsReceivableNetCurrent`	$1.20M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $239,000 at March 31, 2014 and $309,000 at September 30, 2013	`AccountsReceivableNetCurrent`	$1.19M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$5.47M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.75M	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`	$14.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$795.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$399.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$108.79M	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
Total Current Assets	`AssetsCurrent`	$111.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$78.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$73.00K	USD	Point-in-time
Total Assets	`Assets`	$119.28M	USD	Point-in-time
Total Assets	`Assets`	$116.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.52M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.94M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.94M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.81M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.84M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.31M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.04M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$484.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.37M	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`	$10.29M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$99.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$101.53M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$110.43M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$112.91M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$119.28M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$116.95M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$14.54M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$17.74M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$22.68M	USD	2 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$24.56M	USD	2 Qtrs
Production costs	`CostOfRevenue`	$17.94M	USD	2 Qtrs
Production costs	`CostOfRevenue`	$10.85M	USD	1 Quarter
Production costs	`CostOfRevenue`	$19.34M	USD	2 Qtrs
Production costs	`CostOfRevenue`	$13.41M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$351.00K	USD	1 Quarter
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`	$731.00K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.25M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.94M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.52M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.72M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.32M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$15.85M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.79M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$1.82M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$1.24M	USD	2 Qtrs
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`	$1.43M	USD	2 Qtrs
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$490.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$553.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$1.24M	USD	2 Qtrs
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$1.27M	USD	1 Quarter
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$685.00K	USD	1 Quarter
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$1.22M	USD	2 Qtrs
Net realized and unrealized gains on marketable securities	`MarketableSecuritiesGainLoss`	$743.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-8.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$15.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$6.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$2.00M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$2.65M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$1.82M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.18M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.90M	USD	2 Qtrs
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.71M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.88M	USD	2 Qtrs
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-102.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.10M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.54M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$733.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	2 Qtrs
Net income per share	`EarningsPerShareBasic`	$0.25	USD	2 Qtrs
Net income per share	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.21	USD	2 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.21	USD	2 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.25	USD	2 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$67.85M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$27.61M	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`	$66.00M	USD	2 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$644.00K	USD	2 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$809.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-574.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-648.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$578.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$676.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$15.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$40.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$124.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$136.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.00K	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`	$-5.47M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.60M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.38M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-396.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$948.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$241.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$384.00K	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.71M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.00K	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-40.00K	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-940.00K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.67M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-5.66M	USD	2 Qtrs
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.31M	USD	2 Qtrs
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.67M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$637.00K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$597.00K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-637.00K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-597.00K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.04M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.90M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$6.40M	USD	Point-in-time

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