10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-030114`
Period End Date	20171231
Filing Date	20180202
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	genc-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 29 Cash Flow Statement 51

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$86.97M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$87.61M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$240.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$207.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.93M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.56M	USD	Point-in-time
Marketable securities at fair value (cost $87,605,000 at December 31, 2017 and $86,967,000 at September 30, 2017)	`MarketableSecuritiesCurrent`	$87.89M	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 $87,605,000 at December 31, 2017 and $86,967,000 at September 30, 2017)	`MarketableSecuritiesCurrent`	$88.34M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $240,000 at December 31, 2017 and $207,000 at September 30, 2017	`AccountsReceivableNetCurrent`	$1.32M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $240,000 at December 31, 2017 and $207,000 at September 30, 2017	`AccountsReceivableNetCurrent`	$1.18M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$5.73M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$6.77M	USD	Point-in-time
Inventories, net	`InventoryNet`	$16.69M	USD	Point-in-time
Inventories, net	`InventoryNet`	$16.93M	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.66M	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.25M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$137.12M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$138.42M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$7.38M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$5.72M	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`	$145.85M	USD	Point-in-time
Total Assets	`Assets`	$142.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.32M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$8.63M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$7.31M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.43M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.80M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.37M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$13.43M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$875.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.60M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.30M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.97M	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`	$11.18M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$11.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$116.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$118.64M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$128.92M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$131.55M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$145.85M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$142.89M	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`	$23.12M	USD	1 Quarter
Production costs	`CostOfRevenue`	$11.63M	USD	1 Quarter
Production costs	`CostOfRevenue`	$18.04M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$700.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$416.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.69M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.19M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$14.24M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$21.43M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.54M	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$41.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$293.00K	USD	1 Quarter
Realized and unrealized gains on marketable securities, net	`MarketableSecuritiesGainLoss`	$407.00K	USD	1 Quarter
Realized and unrealized gains on marketable securities, net	`MarketableSecuritiesGainLoss`	$161.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$448.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$458.00K	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.99M	USD	1 Quarter
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.15M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-197.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$598.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Net income per share	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Net income per share	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$53.51M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$177.34M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$177.20M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$53.18M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$301.00K	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$118.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$726.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-46.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$300.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$310.00K	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`	$18.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-266.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$133.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$1.04M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.77M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$238.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$903.00K	USD	1 Quarter
Prepaid expenses & other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-62.00K	USD	1 Quarter
Prepaid expenses & other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-410.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$448.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.00M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.31M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$3.03M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$79.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$373.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.19M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.27M	USD	1 Quarter
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.58M	USD	1 Quarter
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.62M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.95M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$252.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.95M	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
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$267.00K	USD	1 Quarter
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$267.00K	USD	1 Quarter
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.34M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.93M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.86M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.93M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.56M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$24.86M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$22.93M	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.