GENTEX CORPORATION GNTX Income Statement

Gentex corporation (GNTX)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
NET SALES
453,761	443,835	477,761	468,711	468,588	453,408	460,253	454,981	465,420	459,570	438,627	443,139	453,535	419,912	429,643	423,800	405,567	405,592	389,829	379,258	368,937	350,410	350,913	338,436	335,739	326,769	288,621	286,973	269,498	260,349	268,248	280,255	290,706	260,346	269,467	243,001	250,945	222,100	206,832	201,560	185,768	155,741	117,341
COST OF GOODS SOLD
297,174	282,031	297,440	292,173	298,944	281,365	287,263	282,176	292,791	279,280	267,398	275,931	277,734	250,745	255,821	257,028	246,876	242,349	237,932	233,715	225,845	215,737	212,288	204,144	204,440	198,075	182,659	184,361	176,035	171,230	178,132	187,498	189,880	169,992	174,182	157,376	160,629	142,632	133,073	127,667	117,200	101,386	81,547
Gross profit
156,587	161,804	180,321	176,537	169,644	172,043	172,990	172,804	172,628	180,290	171,229	167,207	175,800	169,166	173,821	166,772	158,690	163,243	151,896	145,543	143,092	134,672	138,625	134,292	131,298	128,694	105,962	102,612	93,463	89,118	90,116	92,757	100,826	90,353	95,285	85,624	90,316	79,468	73,759	73,893	68,568	54,355	35,794
OPERATING EXPENSES:
Engineering, research and development
29,615	28,840	29,398	28,359	28,089	26,996	26,888	27,200	26,049	24,560	24,770	25,243	25,152	24,489	23,585	23,071	23,091	22,984	21,505	22,315	21,587	21,780	21,671	20,234	20,489	19,840	19,106	18,864	18,683	18,561	20,434	22,792	23,215	21,805	20,668	20,245	18,914	18,075	16,463	15,222	14,338	11,955	11,221
Selling, general & administrative
21,944	22,063	22,786	20,273	19,958	19,548	18,673	18,921	18,063	21,735	17,386	16,099	16,221	16,741	16,024	14,955	14,750	13,596	14,128	15,095	13,796	14,277	13,747	14,222	13,632	13,218	13,199	12,152	10,926	11,738	12,058	12,452	12,110	12,765	12,370	12,131	11,311	10,787	10,323	9,884	9,621	9,296	8,494
Total operating expenses
51,560	50,903	52,185	48,632	48,048	46,544	45,562	46,121	44,113	46,295	42,157	41,343	41,373	41,231	39,609	38,026	37,841	36,581	35,634	37,410	35,383	36,057	35,419	34,456	34,121	33,058	32,306	31,016	29,609	35,300	32,492	35,245	35,325	34,570	33,038	32,377	30,225	28,863	26,787	25,107	23,960	21,252	19,716
Income from operations
105,027	110,900	128,135	127,904	121,596	125,499	127,427	126,683	128,515	133,994	129,072	125,864	134,427	127,935	134,212	128,745	120,848	126,662	116,262	108,132	107,708	98,615	103,205	99,835	97,177	95,635	73,656	71,596	63,853	53,818	57,623	57,512	65,500	55,783	62,246	53,246	60,090	50,605	46,972	48,786	44,607	33,103	16,078
OTHER INCOME (LOSS)
Investment income
2,446	2,474	3,353	2,140	3,262	3,199	3,180	2,844	2,037	4,094	2,139	1,736	1,472	2,306	916	774	790	3,129	495	754	612	4,887	406	398	325	5,129	474	625	495	3,490	586	633	596	2,523	543	598	499	1,212	620	556	512	567	867
Impairment loss on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other income (loss), net
-199	270	90	237	49	2,080	-73	-554	1,206	67	-379	343	-1,034	-1,187	-800	-1,911	-2,069	-1,116	-710	1,563	97	517	380	5,388	4,189	3,372	6,912	4,906	1,404	1,162	3,476	2,533	2,690	422	1,707	3,902	2,864	3,424	2,578	998	2,564	1,911	1,356
Total other income
2,247	2,744	3,443	2,377	3,312	5,280	3,106	2,289	3,244	4,161	1,759	2,079	437	1,118	115	-1,137	-1,279	2,013	-214	2,317	709	5,404	786	5,786	4,514	8,502	7,387	5,532	1,900	4,653	4,062	3,167	3,286	2,946	2,251	4,501	3,364	4,637	3,199	1,554	3,077	2,478	2,223
INCOME BEFORE PROVISION FOR INCOME TAXES
107,274	113,644	131,579	130,282	124,908	130,779	130,534	128,972	131,759	138,155	130,832	127,943	134,864	129,054	134,327	127,608	119,569	128,675	116,047	110,450	108,417	104,019	103,992	105,622	101,692	104,137	81,043	77,128	65,753	58,472	61,686	60,679	68,787	58,729	64,498	57,748	63,455	55,242	50,171	50,341	47,685	35,582	18,302
PROVISION FOR INCOME TAXES
17,768	14,097	19,681	21,323	20,628	24,505	19,198	19,948	20,511	7,687	40,601	39,407	37,308	40,293	42,263	41,123	39,289	40,280	37,715	35,891	31,234	33,044	31,655	28,895	33,126	34,256	25,522	25,031	20,323	18,873	19,808	19,913	22,442	18,263	21,101	19,275	21,122	18,319	15,880	16,283	15,223	11,645	6,092
NET INCOME
89,505	99,547	111,897	108,958	104,280	106,274	111,335	109,023	111,248	130,468	90,230	88,535	97,556	88,761	92,064	86,485	80,279	88,395	78,332	74,558	77,183	70,974	72,336	76,726	68,566	69,881	55,520	52,097	45,430	39,598	41,877	40,766	46,344	40,466	43,397	38,472	42,332	36,923	34,291	34,057	32,462	23,936	12,209
EARNINGS PER SHARE:
Basic (in dollars per share)
0.36	0.41	0.44	0.42	0.40	0.42	0.42	0.40	0.40	0.45	0.32	0.31	0.34	0.31	0.32	0.30	0.28	0.31	0.27	0.25	0.26	0.24	0.25	0.26	0.24	-0.29	0.39	0.36	0.32	-0.30	0.29	0.28	0.32	0.29	0.30	0.27	0.30	0.27	0.25	0.24	0.23	0.17	0.09
Diluted (in dollars per share)
0.36	0.40	0.44	0.42	0.40	0.40	0.42	0.40	0.40	0.46	0.31	0.31	0.33	0.29	0.32	0.30	0.28	0.30	0.27	0.25	0.26	0.24	0.25	0.26	0.23	-0.29	0.38	0.36	0.32	-0.30	0.29	0.28	0.32	0.28	0.30	0.27	0.29	0.27	0.24	0.24	0.23	0.17	0.09
Cash Dividends Declared per Share (in dollars per share)
0.12	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.07	-0.14	0.14	0.14	0.14	-0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.11