GENTEX CORP
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 1, 2024
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Unaudited Condensed Consolidated Balance Sheets
As of September 30, 2024 and December 31, 2023
| September 30, 2024 (Unaudited) | December 31, 2023(Note) | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $179,639,743 | $226,435,019 |
| Short-term investments | 20,462,581 | 14,356,476 |
| Accounts receivable, net | 356,338,008 | 321,809,868 |
| Inventories, net | 449,311,020 | 402,473,028 |
| Prepaid expenses and other | 39,932,866 | 32,663,762 |
| Total current assets | 1,045,684,218 | 997,738,153 |
| PLANT AND EQUIPMENT—NET | 703,583,489 | 652,877,672 |
| OTHER ASSETS | ||
| Goodwill | 340,105,631 | 340,105,631 |
| Long-term investments | 325,561,578 | 299,080,876 |
| Intangible assets, net | 201,604,035 | 214,005,910 |
| Deferred tax asset | 50,192,359 | 41,113,759 |
| Patents and other assets, net | 68,565,533 | 66,515,551 |
| Total other assets | 986,029,136 | 960,821,727 |
| Total assets | $2,735,296,843 | $2,611,437,552 |
| LIABILITIES AND SHAREHOLDERS’ INVESTMENT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $182,606,296 | $184,398,820 |
| Accrued liabilities | 100,558,357 | 87,210,156 |
| Total current liabilities | 283,164,653 | 271,608,976 |
| OTHER NON-CURRENT LIABILITIES | 34,504,848 | 27,311,507 |
| Total liabilities | 317,669,501 | 298,920,483 |
| SHAREHOLDERS’ INVESTMENT | ||
| Common stock | 13,646,597 | 13,887,326 |
| Additional paid-in capital | 1,000,948,512 | 968,245,875 |
| Retained earnings | 1,405,918,157 | 1,336,940,990 |
| Accumulated other comprehensive loss | (2,885,924) | (6,557,122) |
| Total shareholders’ investment | 2,417,627,342 | 2,312,517,069 |
| Total liabilities and shareholders’ investment | $2,735,296,843 | $2,611,437,552 |
Note: The condensed consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.