10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-246869`
Period End Date	20170630
Filing Date	20170803
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	genc-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 57 Cash Flow Statement 54

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`	$87.27M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$195.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$186.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.22M	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`	$18.22M	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 $87,273,000 at June 30, 2017 and $86,203,000 at September 30, 2016)	`MarketableSecuritiesCurrent`	$87.13M	USD	Point-in-time
Marketable securities at fair value (cost $87,273,000 at June 30, 2017 and $86,203,000 at September 30, 2016)	`MarketableSecuritiesCurrent`	$85.94M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $186,000 at June 30, 2017 and $195,000 at September 30, 2016	`AccountsReceivableNetCurrent`	$1.38M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $186,000 at June 30, 2017 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
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$4.90M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$4.92M	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.63M	USD	Point-in-time
Inventories, net	`InventoryNet`	$15.32M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.71M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$135.66M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$123.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.23M	USD	Point-in-time
Property and equipment, net	`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`	$128.71M	USD	Point-in-time
Total Assets	`Assets`	$140.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$7.22M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$3.36M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.26M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.19M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.83M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$322.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$316.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.51M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.15M	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`	$10.89M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$11.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$107.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$115.28M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$120.20M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$127.79M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$128.71M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$140.94M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$62.05M	USD	3 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$19.86M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$55.20M	USD	3 Qtrs
Net revenue	`SalesRevenueGoodsNet`	$23.74M	USD	1 Quarter
Production costs	`CostOfRevenue`	$17.05M	USD	1 Quarter
Production costs	`CostOfRevenue`	$44.55M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$41.33M	USD	3 Qtrs
Production costs	`CostOfRevenue`	$14.71M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.52M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$1.14M	USD	3 Qtrs
Product engineering and development	`ResearchAndDevelopmentExpense`	$637.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$379.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.58M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.26M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.95M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$48.42M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$17.07M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$19.95M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$52.65M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$3.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.78M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$2.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.40M	USD	3 Qtrs
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$384.00K	USD	3 Qtrs
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$688.00K	USD	3 Qtrs
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$99.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$181.00K	USD	1 Quarter
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-253.00K	USD	1 Quarter
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$567.00K	USD	3 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$810.00K	USD	3 Qtrs
Net realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$464.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$2.00K	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$1.26M	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$1.19M	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-72.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$563.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.04M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.59M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.72M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.36M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.72M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.19M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.24M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.32M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.40M	USD	3 Qtrs
Net income per share	`EarningsPerShareBasic`	$0.37	USD	3 Qtrs
Net income per share	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.51	USD	3 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.50	USD	3 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.37	USD	3 Qtrs
Net income per share	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.32M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.40M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$413.99M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$335.85M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$334.84M	USD	3 Qtrs
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$413.49M	USD	3 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$692.00K	USD	3 Qtrs
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$251.00K	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-796.00K	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-6.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$862.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.05M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$65.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$55.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$54.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$25.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$680.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$338.00K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-7.34M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$24.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.21M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.69M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$109.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-306.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-336.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$803.00K	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-810.00K	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.74M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.09M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.39M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$321.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-5.59M	USD	3 Qtrs
Cash flows provided by (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-270.00K	USD	3 Qtrs
Cash flows provided by (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.72M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$158.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$854.00K	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-854.00K	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-158.00K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$164.00K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$136.00K	USD	3 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$136.00K	USD	3 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$164.00K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-264.00K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.00M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.89M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.22M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.89M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$25.22M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$11.15M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time

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