10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-278529`
Period End Date	20150630
Filing Date	20150805
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	genc-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 56

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$86.83M	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`	$337.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	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
Marketable securities at fair value (cost $86,826,000 at June 30, 2015 and $84,997,000 at September 30, 2014)	`MarketableSecuritiesCurrent`	$87.11M	USD	Point-in-time
Marketable securities at fair value (cost $86,826,000 at June 30, 2015 and $84,997,000 at September 30, 2014)	`MarketableSecuritiesCurrent`	$87.47M	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 $337,000 at June 30, 2015 and $244,000 at September 30, 2014	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $337,000 at June 30, 2015 and $244,000 at September 30, 2014	`AccountsReceivableNetCurrent`	$1.45M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$526.00K	USD	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$344.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.15M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$393.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$849.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$110.62M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$112.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$68.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$61.00K	USD	Point-in-time
Total Assets	`Assets`	$117.83M	USD	Point-in-time
Total Assets	`Assets`	$119.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.29M	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`	$1.51M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.39M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.96M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.19M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$150.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$693.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.34M	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`	$10.57M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$103.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.66M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$114.17M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$114.75M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$119.08M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$117.83M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$10.94M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$35.11M	USD	3 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$30.98M	USD	3 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$10.55M	USD	1 Quarter
Production costs	`CostOfRevenue`	$24.60M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$8.27M	USD	1 Quarter
Production costs	`CostOfRevenue`	$8.54M	USD	1 Quarter
Production costs	`CostOfRevenue`	$27.60M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$351.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.08M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$352.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.04M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.56M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.13M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.81M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$30.77M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$10.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.18M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$33.50M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$372.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.61M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$210.00K	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$345.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$672.00K	USD	3 Qtrs
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$1.60M	USD	3 Qtrs
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$168.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$152.00K	USD	1 Quarter
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$1.66M	USD	1 Quarter
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-309.00K	USD	3 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$2.88M	USD	3 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-77.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$434.00K	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$442.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$2.00K	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$2.27M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$4.91M	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$365.00K	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.64M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.52M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$422.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$575.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.51M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$221.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$977.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$156.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$4.01M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$266.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$354.00K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.42	USD	3 Qtrs
Net income per share	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.04	USD	3 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.04	USD	3 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.42	USD	3 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$266.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$354.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$318.65M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$220.10M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$218.08M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$317.96M	USD	3 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$2.46M	USD	3 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$-319.00K	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$543.00K	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-867.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.01M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.03M	USD	3 Qtrs
Net (gains) losses on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-1.00K	USD	3 Qtrs
Net (gains) losses on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$417.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$35.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$40.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$199.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$190.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-164.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.00K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-182.00K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-411.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-586.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.51M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-170.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-456.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$339.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-238.00K	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.19M	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.61M	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-299.00K	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-583.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.91M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$2.58M	USD	3 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.93M	USD	3 Qtrs
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$96.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$587.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$601.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$685.00K	USD	Point-in-time
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$685.00K	USD	3 Qtrs
Cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$84.00K	USD	3 Qtrs
Cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-587.00K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$29.00K	USD	3 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.00K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$180.00K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.38M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time

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