GENTEX CORP
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
View on SEC.govAbout this filing
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
GNTX$19.42-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Shareholders' Investment
For the Three Months Ended September 30, 2024 and 2023
| Common StockShares · Common StockAmount · Additional Paid-InCapital · Retained Earnings · Accumulated OtherComprehensiveIncome (Loss) · Total Shareholders’Investment | |||||||
|---|---|---|---|---|---|---|---|
| BALANCE AS OF JULY 1, 2024 | 230,229,539 | $13,813,772 | $1,000,014,813 | $1,394,446,595 | $(7,975,653) | $2,400,299,527 | |
| Issuance of common stock from stock plan transactions | 408,566 | 24,514 | 3,757,530 | — | — | 3,782,044 | |
| Repurchases of common stock | (3,194,815) | (191,689) | (12,363,936) | (83,784,324) | — | (96,339,949) | |
| Stock-based compensation expense related to stock options, employee stock purchases and restricted stock | — | — | 9,540,105 | — | — | 9,540,105 | |
| Dividends declared ($0.12 per share) | — | — | — | (27,293,155) | — | (27,293,155) | |
| Net income | — | — | — | 122,549,041 | — | 122,549,041 | |
| Other comprehensive loss | — | — | — | — | 5,089,729 | 5,089,729 | |
| BALANCE AS OF SEPTEMBER 30, 2024 | 227,443,290 | $13,646,597 | $1,000,948,512 | $1,405,918,157 | $(2,885,924) | $2,417,627,342 | |
| BALANCE AS OF JULY 1, 2023 | 233,429,994 | $14,005,799 | $942,660,764 | $1,252,525,531 | $(13,242,768) | $2,195,949,326 | |
| Issuance of common stock from stock plan transactions | 605,637 | 36,338 | 10,385,712 | — | 10,422,050 | ||
| Repurchases of common stock | (776,488) | (46,589) | (2,795,358) | (22,327,431) | — | (25,169,378) | |
| Stock-based compensation expense related to stock options, employee stock purchases and restricted stock | — | — | 10,948,031 | — | — | 10,948,031 | |
| Dividends declared ($0.12 per share) | — | — | — | (27,991,662) | — | (27,991,662) | |
| Net income | — | — | — | 104,725,412 | — | 104,725,412 | |
| Other comprehensive loss | — | — | — | — | (429,972) | (429,972) | |
| BALANCE AS OF SEPTEMBER 30, 2023 | 233,259,143 | $13,995,548 | $961,199,149 | $1,306,931,850 | $(13,672,740) | $2,268,453,807 | |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' INVESTMENT
For the Nine Months Ended September 30, 2024 and 2023
| Common StockShares | Common StockAmount | Additional Paid-InCapital | Retained Earnings | Accumulated OtherComprehensiveLoss | Total Shareholders’Investment | |
|---|---|---|---|---|---|---|
| BALANCE AS OF JANUARY 1, 2024 | 231,455,443 | $13,887,326 | $968,245,875 | $1,336,940,990 | $(6,557,122) | $2,312,517,069 |
| Issuance of common stock from stock plan transactions | 1,786,232 | 107,174 | 23,917,179 | — | — | 24,024,353 |
| Repurchases of common stock | (5,798,385) | (347,903) | (22,151,437) | (165,179,271) | — | (187,678,611) |
| Stock-based compensation expense related to stock options, employee stock purchases and restricted stock | — | — | 30,936,895 | — | — | 30,936,895 |
| Dividends declared ($0.36 per share) | — | — | — | (82,663,756) | — | (82,663,756) |
| Net income | — | — | — | 316,820,194 | — | 316,820,194 |
| Other comprehensive loss | — | — | — | — | 3,671,198 | 3,671,198 |
| BALANCE AS OF September 30, 2024 | 227,443,290 | $13,646,597 | $1,000,948,512 | $1,405,918,157 | $(2,885,924) | $2,417,627,342 |
| BALANCE AS OF JANUARY 1, 2023 | 234,169,335 | $14,050,160 | $917,499,323 | $1,148,386,272 | $(14,142,934) | $2,065,792,821 |
| Issuance of common stock from stock plan transactions | 1,833,596 | 110,016 | 24,194,845 | — | — | 24,304,861 |
| Issuance of common stock related to acquisitions | — | — | — | — | — | — |
| Repurchases of common stock | (2,743,788) | (164,628) | (9,707,255) | (68,863,618) | — | (78,735,501) |
| Stock-based compensation expense related to stock options, employee stock purchases and restricted stock | — | — | 29,212,236 | — | — | 29,212,236 |
| Dividends declared ($0.36 per share) | — | — | — | (84,049,880) | — | (84,049,880) |
| Net income | — | — | — | 311,459,076 | — | 311,459,076 |
| Other comprehensive income | — | — | — | — | 470,194 | 470,194 |
| BALANCE AS OF SEPTEMBER 30, 2023 | 233,259,143 | $13,995,548 | $961,199,149 | $1,306,931,850 | $(13,672,740) | $2,268,453,807 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.