Generac holdings inc. (GNRC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net sales

2,204,336

2,023,464

1,679,373

1,447,743

1,317,299

1,460,919

1,485,765

1,176,306

791,976

592,880

588,248

Costs of goods sold

1,406,584

1,298,424

1,094,587

935,322

857,349

944,700

916,205

735,906

497,322

355,523

352,398

Gross profit

797,752

725,040

584,786

512,421

459,950

516,219

569,560

440,400

294,654

237,357

235,850

Operating expenses:
Selling and service

217,683

191,887

174,841

164,860

130,242

120,408

107,515

101,448

77,776

57,954

59,823

Research and development

68,394

50,019

42,869

37,163

32,922

31,494

29,271

23,499

16,476

14,700

10,842

General and administrative

110,868

103,841

87,581

74,693

52,947

54,795

55,490

46,031

30,012

22,599

14,713

Amortization of intangibles

28,644

22,112

28,861

32,953

23,591

21,024

25,819

45,867

48,020

51,808

51,960

Tradename and goodwill impairment

-

-

-

-

40,687

0

0

-

-

-

-

Gain on remeasurement of contingent consideration

-

-

-

-

-

-4,877

0

-

-

-

-

Trade name write-down

-

-

-

-

-

-

-

-

9,389

0

0

Total operating expenses

425,589

367,859

334,152

309,669

280,389

222,844

218,095

216,845

181,673

147,061

137,338

Income from operations

372,163

357,181

250,634

202,752

179,561

293,375

351,465

223,555

112,981

90,296

98,512

Other (expense) income:
Interest expense

41,544

40,956

42,667

44,568

42,843

47,215

54,435

49,114

23,718

27,397

70,862

Write-off of deferred financing costs related to debt extinguishment

-

-

-

-

-

-

-

-

-

-

0

Investment income

2,767

1,893

298

44

123

130

91

79

110

235

2,205

Loss on extinguishment of debt

-926

-1,332

0

-574

-4,795

-2,084

-15,336

-14,308

-377

-4,809

14,745

Loss on pension settlement

10,920

0

0

-

-

-

-

-

-

-

-

Loss on change in contractual interest rate

-

-

-

-2,957

-2,381

16,014

0

-

-

-

-

Costs related to acquisition

-

-

-

-

1,195

396

1,086

1,062

875

0

0

Other, net

-1,933

-5,710

-4,566

-1,000

-5,487

-1,462

-1,983

-2,798

-1,155

-1,105

-1,206

Total other expense, net

-52,556

-46,105

-46,935

-49,055

-56,578

-35,013

-72,749

-67,203

-26,015

-33,076

-55,118

Income before provision for income taxes

319,607

311,076

203,699

153,697

122,983

258,362

278,716

156,352

86,966

57,220

43,394

Provision for income taxes

67,299

69,856

44,142

56,519

45,236

83,749

104,177

63,129

-237,677

307

339

Net income

252,308

241,220

159,557

97,178

77,747

174,613

-

-

-

-

-

Net income attributable to noncontrolling interests

301

2,963

1,749

24

0

0

-

-

-

-

-

Net income attributable to Generac Holdings Inc.

252,007

238,257

157,808

97,154

77,747

174,613

174,539

93,223

324,643

56,913

43,055

Beneficial conversion

-

-

-

-

-

-

-

-

-

140,690

0

Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)

4.09

3.57

2.56

1.48

1.14

2.55

2.56

1.38

4.84

-

-

Weighted average common shares outstanding - basic: (in shares)

61,926

61,662

62,040

64,905

68,096

68,538

68,081

67,360

67,130

-

-

Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)

4.03

3.54

2.53

1.47

1.12

2.49

2.51

1.35

4.79

-

-

Weighted average common shares outstanding - diluted: (in shares)

62,865

62,233

62,642

65,382

69,200

70,171

69,667

69,193

67,797

-

-

Dividends declared per share (in dollars per share)

-

-

-

-

-

-

5.00

6.00

0.00

0.00

-

Other comprehensive income (loss):
Foreign currency translation adjustment

2,210

-5,976

15,191

-18,545

-7,624

-3,082

-

-

0

0

-

Amortization of unrealized loss on interest rate swaps

-

-

-

-

-

-

-

-

0

0

-

Net unrealized gain (loss) on derivatives

-13,855

2,924

3,712

535

-965

-1,420

-

-

-683

-4,145

-

Pension liability adjustment

-10,541

-437

-62

-322

-1,881

8,850

-

-

4,922

1,115

-

Other comprehensive income (loss)

-1,104

-2,615

18,965

-17,688

-6,708

-13,352

12,081

861

-5,605

-5,260

-

Total comprehensive income

251,204

238,605

178,522

79,490

71,039

161,261

-

-

-

-

-

Comprehensive income (loss) attributable to noncontrolling interests

-635

1,647

5,549

-973

0

0

-

-

-

-

-

Comprehensive income attributable to Generac Holdings Inc.

251,839

236,958

172,973

80,463

71,039

161,261

186,620

94,084

319,038

51,653

-

Net income (loss) attributable to common stockholders (formerly Class A common stockholders)

-

-

-

-

-

-

-

-

-

-

-71,287