GENERAC HOLDINGS INC. GNRC Income Statement

Generac holdings inc. (GNRC)

Income statement / TTM

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
2,209,898	2,204,336	2,176,808	2,138,061	2,093,726	2,023,464	1,958,234	1,851,685	1,748,979	1,679,373	1,601,910	1,519,192	1,491,693	1,447,743	1,384,862	1,371,032	1,292,016	1,317,299	1,363,466	1,356,480	1,430,729	1,460,919	1,433,158	1,444,122	1,428,201	1,485,765	1,451,551	1,388,868	1,281,317	1,176,306	1,101,592	1,040,330	962,556	791,976	685,334	586,465	0	0	0
Costs of goods sold
1,402,001	1,406,584	1,396,972	1,375,408	1,348,438	1,298,424	1,250,666	1,188,220	1,131,066	1,094,587	1,051,516	987,257	968,532	935,322	893,759	887,375	836,609	857,349	896,230	889,287	931,421	944,700	909,667	911,451	892,589	916,205	901,520	862,487	798,460	735,906	688,880	654,772	604,074	497,322	421,783	356,828	0	0	0
Gross profit
807,897	797,752	779,836	762,653	745,288	725,040	707,568	663,465	617,913	584,786	550,394	531,935	523,161	512,421	491,103	483,657	455,407	459,950	467,236	467,193	499,308	516,219	523,491	532,671	535,612	569,560	550,031	526,381	482,857	440,400	412,712	385,558	358,482	294,654	263,551	229,637	0	0	0
Operating expenses:
Selling and service
225,533	217,683	208,967	198,596	194,556	191,887	191,775	186,253	179,994	174,841	165,736	166,702	167,058	164,860	160,989	151,275	137,383	130,242	123,680	121,926	122,567	120,408	114,512	105,846	103,803	107,515	110,839	112,953	108,003	101,448	98,783	93,402	88,597	77,776	67,945	60,726	0	0	0
Research and development
73,434	68,394	60,803	56,853	51,775	50,019	49,301	46,498	44,435	42,869	41,341	39,917	39,253	37,163	35,527	34,433	32,956	32,922	32,821	32,311	31,911	31,494	31,959	31,320	30,372	29,271	27,177	26,450	25,089	23,499	22,021	19,741	17,646	16,476	15,249	14,555	0	0	0
General and administrative
113,995	110,868	108,244	106,147	105,128	103,841	98,686	95,315	90,083	87,581	83,709	79,647	77,833	74,693	67,542	62,603	56,574	52,947	56,612	56,914	55,853	54,795	54,412	54,676	56,212	55,490	55,490	53,232	49,351	46,031	41,532	37,387	33,001	30,012	24,833	23,222	0	0	0
Amortization of intangibles
31,083	28,644	25,319	23,591	21,822	22,112	24,099	25,663	27,310	28,861	28,982	31,251	32,339	32,953	31,656	28,430	26,193	23,591	22,763	21,755	20,874	21,024	22,007	23,733	24,979	25,819	28,498	33,884	39,827	45,867	49,352	48,950	48,518	48,020	48,633	49,567	0	0	0
Gain on remeasurement of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
444,045	425,589	403,333	385,187	373,281	367,859	363,861	353,729	341,822	334,152	319,768	317,517	316,483	309,669	336,401	317,428	293,793	280,389	235,876	232,906	226,328	222,844	218,013	210,698	215,366	218,095	222,004	226,519	222,270	216,845	221,077	208,869	197,151	181,673	156,660	148,070	0	0	0
Income from operations
363,852	372,163	376,503	377,466	372,007	357,181	343,707	309,736	276,091	250,634	230,626	214,418	206,678	202,752	154,702	166,229	161,614	179,561	231,360	234,287	272,980	293,375	305,478	321,973	320,246	351,465	328,027	299,862	260,587	223,555	191,635	176,689	161,331	112,981	106,891	81,567	0	0	0
Other (expense) income:
Interest expense
40,325	41,544	41,445	40,565	41,115	40,956	41,253	42,101	41,992	42,667	43,207	43,834	44,321	44,568	44,316	43,227	42,610	42,843	44,045	46,129	46,794	47,215	47,414	47,614	50,449	54,435	59,045	63,484	59,115	49,114	38,389	27,351	23,391	23,718	24,370	24,195	0	0	0
Write-off of deferred financing costs related to debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Investment income
2,813	2,767	2,687	2,546	2,461	1,893	1,336	968	639	298	65	51	17	44	48	87	118	123	122	121	128	130	145	130	113	91	90	73	77	79	80	99	93	110	146	157	0	0	0
Loss on extinguishment of debt
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-4,795	-6,631	0	0	-	0	-	-	-15,336	-15,336	-15,336	-11,838	-14,308	-14,499	-14,499	-4,686	-377	0	0	0	-	-
Loss on change in contractual interest rate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs related to acquisition
-	-	-	-	-	-	-	-	-	-	-	986	850	-	2,036	1,612	1,612	1,195	549	0	0	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	0	-
Other, net
-2,786	-1,933	-4,814	-4,883	-5,377	-5,710	-4,126	-5,353	-6,043	-4,566	-4,768	-3,039	-1,304	-1,000	434	-1,493	-3,491	-5,487	-5,577	-5,113	-3,639	-1,462	-1,595	-268	-1,811	-1,983	-2,078	-2,291	-1,977	-2,798	-2,735	-2,607	-1,339	-1,155	-986	-1,043	0	0	0
Total other expense, net
-52,144	-52,556	-43,572	-42,902	-45,363	-46,105	-45,054	-47,497	-47,211	-46,935	-47,811	-50,257	-48,907	-49,055	-48,827	-48,626	-53,403	-56,578	-57,077	-58,396	-38,139	-35,013	-35,512	-32,824	-66,730	-72,749	-78,087	-82,100	-73,915	-67,203	-55,817	-45,233	-30,198	-26,015	-25,997	-25,267	0	0	0
Income before provision for income taxes
311,708	319,607	332,931	334,564	326,644	311,076	298,653	262,239	228,880	203,699	182,815	164,161	157,771	153,697	105,875	117,603	108,211	122,983	174,283	175,891	234,841	258,362	269,966	289,149	253,516	278,716	249,940	217,762	186,672	156,352	135,818	131,456	131,133	86,966	80,894	56,300	0	0	0
Provision for income taxes
61,758	67,299	73,862	73,870	73,425	69,856	51,907	52,239	47,735	44,142	65,470	60,580	58,623	56,519	39,526	43,230	39,937	45,236	56,328	55,475	75,244	83,749	96,225	104,812	94,950	104,177	95,632	85,006	72,835	63,129	-196,249	-212,449	-218,726	-237,677	384	335	0	0	0
Net income
249,950	252,308	259,069	260,694	253,219	241,220	246,746	210,000	181,145	159,557	117,345	103,581	99,148	97,178	66,349	74,373	68,274	77,747	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-1,656	301	1,101	2,524	3,746	2,963	3,157	2,752	1,867	1,749	569	57	27	24	-112	59	4	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Generac Holdings Inc.
251,606	252,007	257,968	258,170	249,473	238,257	243,589	207,248	179,278	157,808	116,776	103,524	99,121	97,154	66,461	74,314	68,270	77,747	117,955	120,416	159,597	174,613	173,741	184,337	158,566	174,539	154,308	132,756	113,837	93,223	332,067	343,905	349,859	324,643	80,510	55,965	0	0	0
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.
209,214	251,839	225,432	241,296	231,782	236,958	255,461	217,632	201,956	172,973	125,607	109,315	84,729	80,463	56,823	62,075	69,626	71,039	98,726	102,299	139,856	161,261	179,806	192,670	169,216	186,620	156,992	135,006	115,769	94,084	330,396	341,082	343,630	319,038	0	0	0	-	-
Beneficial conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income (loss) attributable to common stockholders (formerly Class A common stockholders)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0