10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-179208`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	genc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 58 Cash Flow Statement 50

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$86.10M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$85.00M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$244.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$264.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time
Marketable securities at fair value (cost $86,104,000 at March 31, 2015 and $84,997,000 at September 30, 2014)	`MarketableSecuritiesCurrent`	$87.11M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $86,104,000 at March 31, 2015 and $84,997,000 at September 30, 2014)	`MarketableSecuritiesCurrent`	$87.40M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $264,000 at March 31, 2015 and $244,000 at September 30, 2014	`AccountsReceivableNetCurrent`	$1.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $264,000 at March 31, 2015 and $244,000 at September 30, 2014	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$344.00K	USD	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$2.34M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.67M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$896.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$849.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$116.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$110.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.14M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.67M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$68.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$63.00K	USD	Point-in-time
Total Assets	`Assets`	$122.83M	USD	Point-in-time
Total Assets	`Assets`	$117.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$947.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$324.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.66M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.46M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.96M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.05M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$693.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$390.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.44M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.65M	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
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.69M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.75M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$114.17M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$114.39M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$117.83M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$122.83M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$14.54M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$24.56M	USD	2 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$20.04M	USD	2 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$13.75M	USD	1 Quarter
Production costs	`CostOfRevenue`	$10.12M	USD	1 Quarter
Production costs	`CostOfRevenue`	$16.06M	USD	2 Qtrs
Production costs	`CostOfRevenue`	$10.85M	USD	1 Quarter
Production costs	`CostOfRevenue`	$19.34M	USD	2 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$351.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$357.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$731.00K	USD	2 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$686.00K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.78M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.43M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.52M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.25M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$12.72M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$20.18M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$12.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.32M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$1.24M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$1.82M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$1.50M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-134.00K	USD	2 Qtrs
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$490.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$197.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$1.43M	USD	2 Qtrs
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$520.00K	USD	2 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$685.00K	USD	1 Quarter
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$1.22M	USD	2 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$195.00K	USD	1 Quarter
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-232.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$6.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-8.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$2.65M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$392.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$288.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$1.18M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.89M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$154.00K	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.00M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.88M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$708.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$65.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$89.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.01	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	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.25	USD	2 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$89.00K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$2.35M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$1.18M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$67.85M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$213.92M	USD	2 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$66.00M	USD	2 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$213.39M	USD	2 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$-240.00K	USD	2 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$809.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-574.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$303.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$668.00K	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`	$10.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$127.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$136.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$658.00K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.00M	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-5.47M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.38M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-387.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$47.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-396.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$987.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$241.00K	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.00K	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$4.33M	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-940.00K	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-229.00K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-5.66M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$2.99M	USD	2 Qtrs
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.08M	USD	2 Qtrs
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.31M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$597.00K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$261.00K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-261.00K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-597.00K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.82M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.90M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.01M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.01M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time

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