10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-029921`
Period End Date	20161231
Filing Date	20170203
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	genc-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 29 Cash Flow Statement 50

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$86.20M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$86.50M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$192.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$195.00K	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
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.56M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $86,498,000 at December 31, 2016 and $86,203,000 at September 30, 2016)	`MarketableSecuritiesCurrent`	$86.39M	USD	Point-in-time
Marketable securities at fair value (cost $86,498,000 at December 31, 2016 and $86,203,000 at September 30, 2016)	`MarketableSecuritiesCurrent`	$85.94M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $192,000 at December 31, 2016 and $195,000 at September 30, 2016	`AccountsReceivableNetCurrent`	$1.11M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $192,000 at December 31, 2016 and $195,000 at September 30, 2016	`AccountsReceivableNetCurrent`	$794.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$4.92M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$6.69M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.54M	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.63M	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.60M	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.54M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$128.51M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$123.42M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$5.18M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$5.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$53.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$53.00K	USD	Point-in-time
Total Assets	`Assets`	$133.74M	USD	Point-in-time
Total Assets	`Assets`	$128.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.48M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$7.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.26M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.34M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.19M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.75M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$316.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$362.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.51M	USD	Point-in-time
Total Liabilities	`Liabilities`	$12.11M	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`	$10.91M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$107.88M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$121.63M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$120.20M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$133.74M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$128.71M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$15.78M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$13.26M	USD	1 Quarter
Production costs	`CostOfRevenue`	$11.63M	USD	1 Quarter
Production costs	`CostOfRevenue`	$9.98M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$416.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$382.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.78M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.19M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.14M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$14.24M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.54M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.11M	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$41.00K	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`	$407.00K	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$593.00K	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`	$448.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.99M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.09M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$519.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$598.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$51.12M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$177.34M	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`	$177.20M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$482.00K	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$301.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-299.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-46.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$362.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$310.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$50.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$18.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-266.00K	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`	$-1.77M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$903.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.30M	USD	1 Quarter
Prepaid expenses & other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-62.00K	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`	$448.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.72M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$3.03M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$79.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$135.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.34M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.19M	USD	1 Quarter
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-765.00K	USD	1 Quarter
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.58M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$252.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$29.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-29.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-252.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$10.00K	USD	1 Quarter
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-794.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.34M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.56M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$20.56M	USD	Point-in-time

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