GENERAC HOLDINGS INC. GNRC Income Statement

Generac holdings inc. (GNRC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net sales
475,915	590,932	601,135	541,916	470,353	563,404	562,388	497,581	400,091	498,174	455,839	394,875	330,485	420,711	373,121	367,376	286,535	357,830	359,291	288,360	311,818	403,997	352,305	362,609	342,008	376,236	363,269	346,688	399,572	342,022	300,586	239,137	294,561	267,308	239,324	161,363	123,981	160,666	140,455
Costs of goods sold
303,595	368,710	383,618	346,078	308,178	359,098	362,054	319,108	258,164	311,340	299,608	261,954	221,685	268,269	235,349	243,229	188,475	226,706	228,965	192,463	209,215	265,587	222,022	234,597	222,494	230,554	223,806	215,735	246,110	215,869	184,773	151,708	183,556	168,843	150,665	101,010	76,804	93,304	85,710
Gross profit
172,320	222,222	217,517	195,838	162,175	204,306	200,334	178,473	141,927	186,834	156,231	132,921	108,800	152,442	137,772	124,147	98,060	131,124	130,326	95,897	102,603	138,410	130,283	128,012	119,514	145,682	139,463	130,953	153,462	126,153	115,813	87,429	111,005	98,465	88,659	60,353	47,177	67,362	54,745
Operating expenses:
Selling and service
55,139	58,729	59,356	52,309	47,289	50,013	48,985	48,269	44,620	49,901	43,463	42,010	39,467	40,796	44,429	42,366	37,269	36,925	34,715	28,474	30,128	30,363	32,961	29,115	27,969	24,467	24,295	27,072	31,681	27,791	26,409	22,122	25,126	25,126	21,028	17,317	14,305	15,295	13,809
Research and development
18,649	19,488	17,603	17,694	13,609	11,897	13,653	12,616	11,853	11,179	10,850	10,553	10,287	9,651	9,426	9,889	8,197	8,015	8,332	8,412	8,163	7,914	7,822	8,012	7,746	8,379	7,183	7,064	6,645	6,285	6,456	5,703	5,055	4,807	4,176	3,608	3,885	3,580	3,482
General and administrative
27,889	30,852	27,596	27,658	24,762	28,228	25,499	26,639	23,475	23,073	22,128	21,407	20,973	19,201	18,066	19,593	17,833	12,050	13,127	13,564	14,206	15,715	13,429	12,503	13,148	15,332	13,693	14,039	12,426	15,332	11,435	10,158	9,106	10,833	7,290	5,772	6,117	5,654	5,679
Amortization of intangibles
7,781	8,645	7,406	7,251	5,342	5,320	5,678	5,482	5,632	7,307	7,242	7,129	7,183	7,428	9,511	8,217	7,797	6,131	6,285	5,980	5,195	5,303	5,277	5,099	5,345	6,286	7,003	6,345	6,185	8,965	12,389	12,288	12,225	12,450	11,987	11,856	11,727	13,063	12,921
Gain on remeasurement of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,877	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
109,458	117,714	111,961	104,912	91,002	95,458	93,815	93,006	85,580	91,460	83,683	81,099	77,910	77,076	81,432	80,065	71,096	103,808	62,459	56,430	57,692	59,295	59,489	49,852	54,208	54,464	52,174	54,520	56,937	58,373	56,689	50,271	51,512	62,605	44,481	38,553	36,034	37,592	35,891
Income from operations
62,862	104,508	105,556	90,926	71,173	108,848	106,519	85,467	56,347	95,374	72,548	51,822	30,890	75,366	56,340	44,082	26,964	27,316	67,867	39,467	44,911	79,115	70,794	78,160	65,306	91,218	87,289	76,433	96,525	67,780	59,124	37,158	59,493	35,860	44,178	21,800	11,143	29,770	18,854
Other (expense) income:
Interest expense
9,053	10,116	10,704	10,452	10,272	10,017	9,824	11,002	10,113	10,314	10,672	10,893	10,788	10,854	11,299	11,380	11,035	10,602	10,210	10,763	11,268	11,804	12,294	11,428	11,689	12,003	12,494	14,263	15,675	16,613	16,933	9,894	5,674	5,888	5,895	5,934	6,001	6,540	5,720
Write-off of deferred financing costs related to debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Investment income
960	878	523	452	914	798	382	367	346	241	14	38	5	8	0	4	32	12	39	35	37	11	38	42	39	26	23	25	17	25	6	29	19	26	25	23	36	62	36
Loss on extinguishment of debt
-	-	0	0	-	-	0	-1,332	-	-	0	0	-	-	-	-	-	0	0	-3,427	-1,368	-	-1,836	-	-	0	0	-13,497	-1,839	0	0	-9,999	-4,309	-191	0	-186	0	-	-
Loss on change in contractual interest rate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,957	-	-	-	-2,381	-	-	-	0	16,014	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs related to acquisition
-	-	-	-	-	-	-	-	-	-	-	136	185	-	577	0	417	1,042	153	0	0	-	396	-	-	-	656	-	-	-	0	-	-	-	601	-	-	0	-
Other, net
-1,914	-65	-414	-393	-1,061	-2,946	-483	-887	-1,394	-1,362	-1,710	-1,577	83	-1,564	19	158	387	-130	-1,908	-1,840	-1,609	-220	-1,444	-366	568	-353	-117	-1,909	396	-448	-330	-1,595	-425	-385	-202	-327	-241	-216	-259
Total other expense, net
-10,007	-21,149	-10,595	-10,393	-10,419	-12,165	-9,925	-12,854	-11,161	-11,114	-12,368	-12,568	-10,885	-11,990	-14,814	-11,218	-11,033	-11,762	-14,613	-15,995	-14,208	-12,261	-15,932	4,262	-11,082	-12,760	-13,244	-29,644	-17,101	-18,098	-17,257	-21,459	-10,389	-6,712	-6,673	-6,424	-6,206	-6,694	-5,943
Income before provision for income taxes
52,855	83,359	94,961	80,533	60,754	96,683	96,594	72,613	45,186	84,260	60,180	39,254	20,005	63,376	41,526	32,864	15,931	15,554	53,254	23,472	30,703	66,854	54,862	82,422	54,224	78,458	74,045	46,789	79,424	49,682	41,867	15,699	49,104	29,148	37,505	15,376	4,937	23,076	12,911
Provision for income taxes
9,444	13,423	20,064	18,827	14,985	19,986	20,072	18,382	11,416	2,037	20,404	13,878	7,823	23,365	15,514	11,921	5,719	6,372	19,218	8,628	11,018	17,464	18,365	28,397	19,523	29,940	26,952	18,535	28,750	21,395	16,326	6,364	19,044	-237,983	126	87	93	78	77
Net income
43,411	69,936	74,897	61,706	45,769	76,697	76,522	54,231	33,770	82,223	39,776	25,376	12,182	40,011	26,012	20,943	10,212	9,182	34,036	14,844	19,685	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-1,049	322	-677	-252	908	1,122	746	970	125	1,316	341	85	7	136	-171	55	4	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Generac Holdings Inc.
44,460	69,614	75,574	61,958	44,861	75,575	75,776	53,261	33,645	80,907	39,435	25,291	12,175	39,875	26,183	20,888	10,208	9,182	34,036	14,844	19,685	49,390	36,497	54,025	34,701	48,518	47,093	28,254	50,674	28,287	25,541	9,335	30,060	267,131	37,379	15,289	4,844	22,998	12,834
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)
0.69	1.13	1.20	0.99	0.77	1.20	1.12	0.83	0.42	1.30	0.64	0.41	0.21	0.60	0.41	0.32	0.15	0.13	0.50	0.22	0.29	0.72	0.53	0.79	0.51	0.71	0.69	0.41	0.75	0.41	0.38	0.14	0.45	3.98	0.56	0.23	0.07	-	0.19
Weighted average common shares outstanding - basic: (in shares)
62,126	62,050	61,973	61,921	61,762	61,590	61,579	61,534	61,943	61,891	61,758	62,146	62,366	63,036	64,615	65,870	66,099	66,440	68,175	68,961	68,806	68,636	68,556	68,538	68,421	68,123	68,198	68,140	67,864	67,517	67,415	67,309	67,200	67,143	67,134	67,134	67,107	-	67,093
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)
0.68	1.11	1.18	0.98	0.76	1.19	1.11	0.82	0.42	1.29	0.63	0.41	0.20	0.61	0.40	0.31	0.15	0.14	0.49	0.21	0.28	0.70	0.52	0.77	0.50	0.71	0.67	0.40	0.73	0.40	0.37	0.14	0.44	3.94	0.55	0.23	0.07	-	0.19
Weighted average common shares outstanding - diluted: (in shares)
63,283	64,061	62,770	62,405	62,223	62,183	62,220	62,054	62,474	62,683	62,316	62,635	62,936	63,416	65,126	66,388	66,600	67,466	69,182	70,063	70,088	70,554	70,033	70,087	70,008	69,418	69,887	69,809	69,554	70,322	69,166	68,645	68,637	68,480	67,646	67,718	67,344	-	67,200
Dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.00	-	-	0.00	6.00	-	-	0.00	0.00	-	-	-
Comprehensive income attributable to Generac Holdings Inc.
-3,098	90,010	64,904	57,398	39,527	63,603	80,768	47,884	44,703	82,106	42,939	32,208	15,720	34,740	26,647	7,622	11,454	11,100	31,899	15,173	12,867	38,787	35,472	52,730	34,272	57,332	48,336	29,276	51,676	27,704	26,350	10,039	29,991	264,016	37,036	12,587	5,399	-	-
Beneficial conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income (loss) attributable to common stockholders (formerly Class A common stockholders)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,998	12,834