10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-456552`
Period End Date	20151231
Filing Date	20160210
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	genc-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 30 Cash Flow Statement 45

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$87.16M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$87.12M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$357.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$241.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	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
Marketable securities at fair value (cost $87,158,000 at December 31, 2015 and $87,123,000 at September 30, 2015)	`MarketableSecuritiesCurrent`	$84.36M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $87,158,000 at December 31, 2015 and $87,123,000 at September 30, 2015)	`MarketableSecuritiesCurrent`	$85.33M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $241,000 at December 31, 2015 and $357,000 at September 30, 2015	`AccountsReceivableNetCurrent`	$1.02M	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 $241,000 at December 31, 2015 and $357,000 at September 30, 2015	`AccountsReceivableNetCurrent`	$874.00K	USD	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$4.04M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$2.40M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.77M	USD	Point-in-time
Inventories, net	`InventoryNet`	$15.07M	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$942.00K	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$817.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$116.77M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$112.37M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$6.39M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$6.06M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.33M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$59.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$56.00K	USD	Point-in-time
Total Assets	`Assets`	$123.92M	USD	Point-in-time
Total Assets	`Assets`	$120.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.53M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.42M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$6.13M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.40M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.59M	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`	$10.96M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$100.84M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$114.33M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$112.75M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$123.92M	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`	$6.29M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$13.26M	USD	1 Quarter
Production costs	`CostOfRevenue`	$5.94M	USD	1 Quarter
Production costs	`CostOfRevenue`	$9.98M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$382.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$329.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.78M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.65M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$7.92M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.14M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.63M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$1.11M	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$323.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$385.00K	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$593.00K	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$-427.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$979.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-105.00K	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.74M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.09M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-643.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$519.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.57M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareDiluted`	$-0.12	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.57M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$51.12M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$134.90M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$50.62M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$134.57M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$482.00K	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$-433.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$244.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-299.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$362.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$325.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$63.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-718.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$150.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.65M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-434.00K	USD	1 Quarter
Prepaid expenses & other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$670.00K	USD	1 Quarter
Prepaid expenses & other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$125.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$339.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-170.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.72M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.20M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-212.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$135.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-468.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.34M	USD	1 Quarter
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.56M	USD	1 Quarter
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-765.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$29.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-29.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-794.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.56M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time

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