GENTEX CORP
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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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.
Jun 30, 2025 · Filed Aug 8, 2025
GNTX$19.42-0.4%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Comprehensive Income
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2025 and 2024
| 2025 | 2024 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income from consolidated operations | $190,524,495 | $194,271,153 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 52,880,443 | 47,942,132 |
| Gain on disposal of assets | (133,576) | (1,261,727) |
| Loss on disposal of assets | 791 | 29,782 |
| Gain on sale of investments and technology investment income | (832,046) | (4,708,185) |
| Loss on sale of investments and technology investment losses | 5,163,260 | 29,061,771 |
| Deferred tax expense | (5,593,627) | (11,232,239) |
| Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock | 16,160,289 | 21,396,790 |
| Impairment charge | 6,182,000 | — |
| Change in operating assets and liabilities: | ||
| Accounts receivable, net | (20,896,565) | 15,244,187 |
| Inventories | 57,495,782 | (61,019,277) |
| Prepaid expenses and other | 2,765,009 | (3,559,130) |
| Accounts payable | 5,032,376 | 17,318,424 |
| Accrued liabilities, excluding dividends declared | 5,896,241 | 15,643,764 |
| Net cash provided by operating activities | 314,644,872 | 259,127,445 |
| CASH FLOWS USED FOR INVESTING ACTIVITIES: | ||
| Activity in investments: | ||
| Sales proceeds | 48,810,102 | 19,649,880 |
| Maturities and calls | 1,655,000 | 6,260,000 |
| Purchases | (17,331,563) | (60,360,047) |
| Plant and equipment additions | (67,834,222) | (63,634,852) |
| Proceeds from sale of plant and equipment | 245,105 | 127,000 |
| Acquisition of businesses, net of cash acquired | (143,328,862) | — |
| Increase in other assets | (3,573,774) | (4,120,881) |
| Net cash used for investing activities | (181,358,214) | (102,078,900) |
| CASH FLOWS USED FOR FINANCING ACTIVITIES: | ||
| Issuance of common stock from stock plan transactions | 6,283,742 | 20,242,309 |
| Cash dividends paid | (54,244,161) | (55,517,709) |
| Repurchases of common stock | (198,870,165) | (87,966,213) |
| Net cash used for financing activities | (246,830,584) | (123,241,613) |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (113,543,926) | 33,806,932 |
| CASH and CASH EQUIVALENTS, beginning of period | 233,318,766 | 226,435,019 |
| CASH and CASH EQUIVALENTS, end of period | $119,774,840 | $260,241,951 |
| Six months ended June 30 | ||
|---|---|---|
| SUPPLEMENTAL CASH FLOW DATA | 2025 | 2024 |
| Non-cash investing and financing activities: | ||
| Change in property and equipment in accounts payable and accrued expenses and other current liabilities | $13,722,396 | $(912,142) |
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