10-K Filing

GENCOR INDUSTRIES INC CIK: 64472 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001193125-15-398371`
Period End Date	20150930
Filing Date	20151209
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	genc-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 30 Cash Flow Statement 53 Stockholders Equity 12

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$85.00M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$87.12M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$244.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$357.00K	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
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost of $87,123,000 at September 30, 2015 and $84,997,000 at September 30, 2014)	`MarketableSecuritiesCurrent`	$87.11M	USD	Point-in-time
Marketable securities at fair value (cost of $87,123,000 at September 30, 2015 and $84,997,000 at September 30, 2014)	`MarketableSecuritiesCurrent`	$84.36M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $357,000 at September 30, 2015 and $244,000 at September 30, 2014	`AccountsReceivableNetCurrent`	$874.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $357,000 at September 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`	$344.00K	USD	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$2.40M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.67M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.77M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$849.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$817.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$112.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.14M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.39M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.33M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$68.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$59.00K	USD	Point-in-time
Total Assets	`Assets`	$117.83M	USD	Point-in-time
Total Assets	`Assets`	$120.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$947.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.53M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$324.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.42M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.40M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$693.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.40M	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; 300,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.10 per share; 300,000 shares authorized; 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`	$10.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$100.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$114.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$110.43M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$112.75M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$117.83M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$120.14M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$40.02M	USD	Annual
Net revenue	`SalesRevenueGoodsNet`	$39.23M	USD	Annual
Production costs	`CostOfRevenue`	$31.72M	USD	Annual
Production costs	`CostOfRevenue`	$32.19M	USD	Annual
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.42M	USD	Annual
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.42M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.88M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.43M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$40.02M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$40.04M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-26.00K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-794.00K	USD	Annual
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$1.79M	USD	Annual
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$883.00K	USD	Annual
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$-3.64M	USD	Annual
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$2.21M	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$440.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$3.00K	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$-2.75M	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$4.44M	USD	Annual
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.41M	USD	Annual
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.55M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-1.73M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$940.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$3.47M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.82M	USD	Annual
Net income (loss)	`EarningsPerShareBasic`	$0.36	USD	Annual
Net income (loss)	`EarningsPerShareBasic`	$-0.19	USD	Annual
Net income (loss)	`EarningsPerShareDiluted`	$0.36	USD	Annual
Net income (loss)	`EarningsPerShareDiluted`	$-0.19	USD	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$3.47M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.82M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$384.67M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$351.06M	USD	Annual
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$383.77M	USD	Annual
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$348.85M	USD	Annual
Change in value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$1.78M	USD	Annual
Change in value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$-3.65M	USD	Annual
Deferred and other income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.02M	USD	Annual
Deferred and other income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-209.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.37M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.39M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$60.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$60.00K	USD	Annual
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-1.00K	USD	Annual
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$413.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$263.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$253.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-514.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$308.00K	USD	Annual
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.05M	USD	Annual
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-344.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-453.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-968.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-32.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$54.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-336.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$582.00K	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.62M	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$4.09M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-236.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.12M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-5.84M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$6.33M	USD	Annual
Cash flows provided by (used in) operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.51M	USD	Annual
Cash flows provided by (used in) operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.36M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$689.00K	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$696.00K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$685.00K	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.00K	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-689.00K	USD	Annual
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$136.00K	USD	Annual
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$11.00K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$136.00K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$11.00K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.96M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.36M	USD	Annual
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$114.17M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$110.43M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$112.75M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$3.47M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.82M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$263.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$253.00K	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$11.00K	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$136.00K	USD	Annual
Ending balance	`StockholdersEquity`	$114.17M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$110.43M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$112.75M	USD	Point-in-time

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