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GNRC Stock Price Correlated With Generac Holdings Financials
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Income Statement
Cash Flow
Balance Sheet
GNRC Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
GNRC Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
GNRC Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
1. Basis of Presentation
Description of Business
Generac Holdings Inc. (the Company) owns all of the common stock of Generac Acquisition Corp. (GAC), which in turn, owns all of the common stock of Generac Power Systems, Inc. (the Subsidiary and the Borrower). The Company is a leading designer and manufacturer of a wide range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany amounts and transactions have been eliminated in consolidation.
The condensed consolidated balance sheet as of September 30, 2013, the condensed consolidated statements of comprehensive income for the three and nine months ended September 30, 2013 and 2012, and the condensed consolidated statements of cash flows for the nine months ended September 30, 2013 and 2012 have been prepared by the Company and have not been audited. In the opinion of management, all adjustments, consisting of only normal recurring adjustments necessary for the fair presentation of the financial position, results of operation and cash flows, have been made. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.
Expenses are charged to operations in the year incurred. However, for interim reporting purposes certain expenses are charged to operations based on a proportionate share of annual amounts rather than as they are actually incurred.
The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Certain information and footnote disclosure normally included in consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012.
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss, net of tax, at September 30, 2013 and December 31, 2012 are as follows:
September 30,
December 31,
2013
2012
Foreign currency translation adjustments
$ 852 $ (34 ) Pension liability, net of tax of $(4,174)
(12,081 ) (12,081 ) Unrealized losses on cash flow hedges, net of tax of $0 and $(109)
- (2,381 ) Accumulated other comprehensive loss
$ (11,229 ) $ (14,496 )
The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the three and nine months ended September 30, 2013:
Amounts reclassified from other accumulated comprehensive loss for the three months ended September 30,
Affected line item in the statement where net income is presented
Amortization of unrealized loss on interest rate swaps
2013
2012
Gross
(393 ) (845 ) Interest expense
Tax benefit
17 37 Net of tax
(376 ) (808 )
Amounts reclassified from other accumulated comprehensive loss for the nine months ended September 30,
Affected line item in the statement where net income is presented
Amortization of unrealized loss on interest rate swaps
2013
2012
Gross
(2,490 ) (1,128 ) Interest expense
Tax benefit
109 49 Net of tax
(2,381 ) (1,079 )
Description of Business
Generac Holdings Inc. (the Company) owns all of the common stock of Generac Acquisition Corp. (GAC), which in turn, owns all of the common stock of Generac Power Systems, Inc. (the Subsidiary and the Borrower). The Company is a leading designer and manufacturer of a wide range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany amounts and transactions have been eliminated in consolidation.
The condensed consolidated balance sheet as of September 30, 2013, the condensed consolidated statements of comprehensive income for the three and nine months ended September 30, 2013 and 2012, and the condensed consolidated statements of cash flows for the nine months ended September 30, 2013 and 2012 have been prepared by the Company and have not been audited. In the opinion of management, all adjustments, consisting of only normal recurring adjustments necessary for the fair presentation of the financial position, results of operation and cash flows, have been made. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.
Expenses are charged to operations in the year incurred. However, for interim reporting purposes certain expenses are charged to operations based on a proportionate share of annual amounts rather than as they are actually incurred.
The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Certain information and footnote disclosure normally included in consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012.
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss, net of tax, at September 30, 2013 and December 31, 2012 are as follows:
September 30,
December 31,
2013
2012
Foreign currency translation adjustments
$ 852 $ (34 ) Pension liability, net of tax of $(4,174)
(12,081 ) (12,081 ) Unrealized losses on cash flow hedges, net of tax of $0 and $(109)
- (2,381 ) Accumulated other comprehensive loss
$ (11,229 ) $ (14,496 )
The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the three and nine months ended September 30, 2013:
Amounts reclassified from other accumulated comprehensive loss for the three months ended September 30,
Affected line item in the statement where net income is presented
Amortization of unrealized loss on interest rate swaps
2013
2012
Gross
(393 ) (845 ) Interest expense
Tax benefit
17 37 Net of tax
(376 ) (808 )
Amounts reclassified from other accumulated comprehensive loss for the nine months ended September 30,
Affected line item in the statement where net income is presented
Amortization of unrealized loss on interest rate swaps
2013
2012
Gross
(2,490 ) (1,128 ) Interest expense
Tax benefit
109 49 Net of tax
(2,381 ) (1,079 )
Free historical financial statements for Generac Holdings Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 51 quarters since 2012. Compare with GNRC stock chart to see long term trends.
Data imported from Generac Holdings Inc SEC filings. Check original filings before making any investment decision.