10-K Filing

GENCOR INDUSTRIES INC CIK: 64472 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001193125-18-348654`
Period End Date	20180930
Filing Date	20181213
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	genc-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 32 Cash Flow Statement 53 Stockholders Equity 12

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$103.75M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$86.97M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$195.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$313.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$207.00K	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
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.01M	USD	Point-in-time
Marketable securities at fair value (cost of $103,751,000 at September 30, 2018 and $86,967,000 at September 30, 2017)	`MarketableSecuritiesCurrent`	$104.06M	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 $103,751,000 at September 30, 2018 and $86,967,000 at September 30, 2017)	`MarketableSecuritiesCurrent`	$87.89M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $313,000 at September 30, 2018 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $313,000 at September 30, 2018 and $207,000 at September 30, 2017	`AccountsReceivableNetCurrent`	$993.00K	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$11.90M	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`	$18.21M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.66M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$145.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.89M	USD	Point-in-time
Property and equipment, net	`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`	$153.02M	USD	Point-in-time
Total Assets	`Assets`	$142.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.84M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.56M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$8.63M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.49M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.60M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.84M	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; 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`	$11.86M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$11.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$128.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$116.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$142.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$128.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$120.20M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$142.89M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$153.02M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$98.61M	USD	Annual
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$80.61M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$59.45M	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$71.99M	USD	Annual
Gross profit	`GrossProfit`	$26.62M	USD	Annual
Gross profit	`GrossProfit`	$21.16M	USD	Annual
Product engineering and development	`ResearchAndDevelopmentExpense`	$2.15M	USD	Annual
Product engineering and development	`ResearchAndDevelopmentExpense`	$2.92M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.99M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.78M	USD	Annual
Total operating expenses	`OperatingExpenses`	$12.91M	USD	Annual
Total operating expenses	`OperatingExpenses`	$10.92M	USD	Annual
Operating income	`OperatingIncomeLoss`	$10.24M	USD	Annual
Operating income	`OperatingIncomeLoss`	$13.71M	USD	Annual
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$1.53M	USD	Annual
Interest and dividend income, net of fees	`InvestmentIncomeNet`	$650.00K	USD	Annual
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$-363.00K	USD	Annual
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$1.30M	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$2.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$1.94M	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$1.17M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.89M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.18M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$3.76M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.33M	USD	Annual
Net income	`NetIncomeLoss`	$8.42M	USD	Annual
Net income	`NetIncomeLoss`	$12.56M	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.87	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.58	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.85	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.57	USD	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$8.42M	USD	Annual
Net income	`ProfitLoss`	$12.56M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$256.12M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$492.67M	USD	Annual
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$491.85M	USD	Annual
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$239.46M	USD	Annual
Change in value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$-490.00K	USD	Annual
Change in value of marketable securities	`IncreaseDecreaseInTradingSecurities`	$1.13M	USD	Annual
Deferred and other income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.28M	USD	Annual
Deferred and other income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-757.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.38M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.13M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$115.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$210.00K	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-7.00K	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-3.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$71.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$71.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$189.00K	USD	Annual
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.85M	USD	Annual
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-5.13M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.53M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$5.05M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$62.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$244.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$518.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-123.00K	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$4.14M	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.07M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-341.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$162.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-9.56M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.31M	USD	Annual
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.00M	USD	Annual
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.11M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.62M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.55M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.00K	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.55M	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.62M	USD	Annual
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$223.00K	USD	Annual
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$626.00K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$223.00K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$626.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.92M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.71M	USD	Annual
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.93M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.01M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.22M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.93M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.01M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.22M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$142.18M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$128.92M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$120.20M	USD	Point-in-time
Net income	`NetIncomeLoss`	$8.42M	USD	Annual
Net income	`NetIncomeLoss`	$12.56M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$71.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$71.00K	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$626.00K	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$224.00K	USD	Annual
Ending balance	`StockholdersEquity`	$142.18M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$128.92M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$120.20M	USD	Point-in-time

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