GENERAC HOLDINGS INC.

10-K & 10-Q Filings

Generac Holdings Inc. is a leading energy technology solutions company that provides backup and prime power generation products, solar + battery storage systems, energy monitoring & management devices and services, and engine- & battery-powered tools and equipment. The company's business strategy is to lead the evolution to more resilient, efficient, and sustainable energy solutions around the world. Generac was founded in 1959 and has since expanded its product offerings to include a wide range of energy technology solutions. The company's products are designed, manufactured, and distributed under the Generac brand and include stationary, portable, and mobile power generators, energy storage systems, energy monitoring and management devices, and other power products. Generac's residential products include home standby generators, portable generators, and outdoor power equipment, while its commercial and industrial products include a full line of C&I generators, transfer switches, and mobile products. The company also offers energy services revenues through its acquisitions of ecobee, Blue Pillar, and its Concerto software platform. Generac's website is www.generac.com and its ticker symbol is GNRC.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$791.98
1176.31
1485.77
1460.92
1444.45
1672.44
2023.46
2204.34
2485.20
3737.18
4564.74
4022.67
14.50%-11.88%Cost of Revenue (-)
$497.32
735.91
916.21
944.70
930.35
1090.33
1298.42
1406.58
1527.55
2377.10
3042.73
2657.24
14.99%-12.67%Gross Profit (+)
$294.65
440.40
569.56
516.22
514.11
582.12
725.04
797.75
957.65
1360.08
1522.00
1365.43
13.63%-10.29%Selling, General & Administrative (-)
$107.79
147.48
163.00
175.20
239.31
259.27
295.73
328.55
366.02
463.29
691.12
701.13
16.89%1.45%Research & Development (-)
$16.48
23.50
29.27
31.49
37.23
42.92
50.02
68.39
80.25
104.30
159.77
173.44
21.67%8.56%Depreciation & Amortization (-)
$48.02
45.87
25.82
21.02
32.95
28.86
22.11
28.64
32.28
49.89
103.32
104.19
6.67%0.85%Non-recurring Operating Expenses (-)
$8.51
-1.06
-1.09
-0.40
1.08
0.78
21.46
1.46
0.46
-21.59%-68.47%Operating Expenses (-)
$181.67
216.84
218.09
222.84
309.49
331.05
367.86
425.59
478.55
638.95
955.67
979.23
15.07%2.47%Costs & Expenses (Total) (-)
$678.12
951.69
1133.21
1167.15
1240.92
1422.16
1666.28
1832.17
2006.09
3016.05
3998.41
3636.47
15.02%-9.05%Operating Income/Loss (+)
$112.98
223.56
351.46
293.38
204.62
251.06
357.18
372.16
479.11
721.14
566.33
386.20
10.79%-31.81%Non-operating Income/Expense (+)
$-26.02
-67.20
-72.75
-35.01
-48.23
-46.38
-46.10
-52.56
-32.91
-29.61
-57.86
-95.90
-65.73%Interest Expense (-)
$-23.72
-49.11
-54.44
-47.22
44.57
42.67
40.96
41.54
32.99
32.95
54.83
97.63
78.07%Earnings before Tax (+)
$86.97
156.35
278.72
258.36
156.38
204.69
311.08
319.61
446.19
691.53
508.47
290.30
10.57%-42.91%Tax Expense (-)
$-237.68
63.13
104.18
83.75
57.57
43.55
69.86
67.30
98.97
134.96
99.60
73.18
-26.52%Income/Loss (Continuing Operations) (+)
$324.64
93.22
174.54
174.61
98.81
161.13
241.22
252.31
347.22
556.57
408.87
217.12
-3.30%-46.90%Profit/Loss (+)
$
98.81
161.13
241.22
252.31
347.22
556.57
408.87
217.12
-46.90%Net Income/Loss (NCI) (-)
$
0.02
1.75
2.96
0.30
-3.36
6.08
9.37
2.51
-73.16%Net Income/Loss (+)
$324.64
93.22
174.54
174.61
98.79
159.39
238.26
252.01
350.58
550.49
399.50
214.61
-3.39%-46.28%Preferred & Other Distributions (-)
$
Net Income/Loss (Common) (+)
$324.64
93.22
174.54
174.61
98.79
159.39
238.26
252.01
350.58
550.49
399.50
214.61
-3.39%-46.28%EPS (Basic)
$4.84
1.38
2.56
2.55
1.51
2.58
3.57
4.09
5.61
8.51
5.55
3.31
-3.12%-40.36%EPS (Diluted)
$4.79
1.35
2.51
2.49
1.50
2.56
3.54
4.03
5.48
8.30
5.42
3.27
-3.13%-39.67%Weighted Avg Shares (Basic)
67.13
67.36
68.08
68.54
64.91
62.04
61.66
61.93
62.28
62.69
63.12
61.27
-0.76%-2.93%Weighted Avg Shares (Diluted)
67.80
69.19
69.67
70.17
65.38
62.64
62.23
62.87
63.74
64.25
64.68
62.06
-0.73%-4.06%Cash
$93.13
108.02
156.79
189.76
115.86
67.27
138.47
224.48
322.88
655.13
147.34
132.72
200.99
6.62%51.44%Receivables
$109.70
134.98
164.91
189.11
182.19
241.86
280.00
326.13
319.54
374.91
546.47
522.46
537.32
14.16%2.84%Inventory
$162.12
225.82
300.25
319.38
325.38
349.73
380.34
544.75
522.02
603.32
1089.70
1405.38
1167.48
17.88%-16.93%Prepaid Expenses (Current)
$3.92
5.05
5.36
9.38
8.60
24.65
19.74
25.40
31.38
36.38
64.95
121.78
91.90
30.08%-24.54%Other Assets (Current)
$14.39
48.69
26.87
22.84
29.36
Assets (Current)
$383.26
522.55
654.18
730.48
661.37
683.51
818.56
1120.77
1195.83
1669.73
1848.46
2182.35
1997.69
14.75%-8.46%Property, Plant & Equipment (Net)
$84.38
104.72
146.39
168.82
Goodwill & Intangibles
$554.78
558.73
612.73
639.86
672.49
707.56
723.92
767.70
813.54
865.16
1476.11
1442.60
1459.51
8.39%1.17%Other Assets
$530.37
417.85
384.90
343.38
458.96
470.61
477.48
537.85
656.30
700.53
1553.21
1544.52
1636.11
9.84%5.93%Assets (Non-current)
$1169.53
1081.29
1144.03
1152.06
1131.44
1178.17
1201.41
1305.54
1469.84
1565.69
3029.32
2987.11
3095.62
8.45%3.63%Assets (Total)
$1552.79
1603.85
1798.20
1882.54
1792.82
1861.68
2019.96
2426.31
2665.67
3235.42
4877.78
5169.46
5093.31
10.41%-1.47%Accounts Payable
$95.49
113.98
135.80
149.79
121.43
202.71
261.63
368.91
303.34
393.28
746.27
491.79
395.69
12.58%-19.54%Debt (Current)
$22.87
94.80
22.05
5.92
9.25
46.16
22.17
47.56
61.10
43.43
77.97
61.72
127.66
15.41%106.83%Other Liabilities (Current)
$47.02
86.08
93.00
84.81
82.54
93.07
105.07
144.24
132.63
204.81
331.67
438.53
357.42
18.41%-18.50%Liabilities (Current)
$165.39
294.86
250.84
240.52
213.22
341.94
388.87
560.71
497.06
641.52
1155.91
992.04
880.77
14.96%-11.22%Debt (Non-current)
$575.00
799.02
1175.35
1082.10
1050.10
1006.76
906.55
876.40
Other Liabilities
$43.51
46.34
54.94
70.12
63.62
111.87
164.71
227.95
1135.75
1203.69
1507.79
1918.16
1862.92
36.76%-2.88%Liabilities (Non-current)
$618.51
845.36
1230.29
1152.22
1113.72
1118.63
1071.26
1104.35
1135.75
1203.69
1507.79
1918.16
1862.92
9.62%-2.88%Liabilities (Total)
$783.90
1140.22
1481.13
1392.74
1326.94
1460.57
1460.13
1665.05
1632.82
1845.22
2663.69
2910.21
2743.69
11.00%-5.72%Treasury Stock
$
-6.57
-8.34
111.52
262.40
294.00
321.47
324.55
332.16
448.98
808.49
1032.92
27.76%Retained Earnings
$-157.01
-63.79
105.81
280.43
358.17
456.05
616.35
831.12
1084.38
1432.57
1965.96
2316.22
2519.31
8.77%AOCI
$-15.36
-14.50
-2.42
-15.77
-22.48
-40.16
-21.20
-23.81
-24.92
-34.25
-54.76
-65.10
-15.14
76.74%Shareholder's Equity
$768.89
463.63
317.07
489.80
465.87
401.11
559.83
761.26
1032.85
1390.20
2214.09
2259.26
2343.07
9.73%3.71%Liabilities & Equity
$1552.79
1603.85
1798.20
1882.54
1792.82
1861.68
2019.96
2426.31
2665.67
3235.42
4877.78
5169.46
5093.31
10.41%-1.47%Net Income/Loss
$324.64
93.22
174.54
174.61
77.75
98.81
161.13
241.22
252.31
347.22
556.57
408.87
217.12
-3.30%-46.90%Depreciation & Amortization
$58.11
57.92
41.55
41.34
45.76
58.36
55.50
52.16
65.62
71.37
94.63
159.38
170.49
9.38%6.97%Increase/Decrease in Working Capital
$-87.30
-74.81
-78.54
-9.12
8.93
-51.66
-15.57
86.24
55.14
-25.69
226.74
465.24
-127.41
-127.39%Share-based Compensation
$8.65
10.78
12.37
12.61
8.24
9.49
10.21
14.56
16.69
20.88
23.95
29.48
35.49
12.49%20.39%Adjustments to Reconcile Net Income
$-154.93
142.37
85.41
78.37
110.87
154.60
99.98
6.01
56.58
139.32
-145.41
-350.35
304.55
186.93%Net Cash (Operating)
$169.71
235.59
259.94
252.99
188.62
253.41
261.12
247.23
308.89
486.53
411.16
58.52
521.67
9.81%791.50%Capital Expenditure
$-95.98
-69.53
-149.22
-96.28
104.33
105.82
31.92
112.83
172.71
126.75
826.86
124.11
148.76
19.87%Net Cash (Investing)
$-95.95
-69.34
-144.55
-95.49
-104.33
-105.82
-31.92
-108.89
-170.08
-124.09
-817.29
-134.23
-178.06
-32.65%Increase/Decrease in Debt
$59.35
2676.76
2136.17
127.03
-47.59
-36.67
-127.29
-24.32
-37.57
-24.61
75.24
464.17
87.28
3.27%-81.20%Increase/Decrease in Equity
$
25.69
22.38
0.00
-102.06
-154.49
-26.96
-21.74
7.92
13.09
-88.39
-342.38
-243.70
28.82%Interest Expenses
$24.26
33.08
55.83
42.59
39.52
42.46
41.10
41.01
35.47
28.77
27.84
48.91
84.03
10.91%71.79%Dividends Paid
$
-404.33
-343.43
-0.90
1.44
0.08
0.31
0.28
0.31
Net Cash (Financing)
$-59.22
-151.35
-73.40
-116.02
-154.48
-195.71
-160.14
-52.03
-41.92
-30.43
-102.97
64.04
-277.14
-532.74%Cash Taxes Paid
$0.44
2.81
25.82
34.28
6.09
8.89
23.84
41.04
61.77
61.86
156.73
150.89
100.08
57.27%-33.67%Effect of Exchange Rate
$
0.13
-1.86
-3.71
-0.47
2.15
-0.29
1.51
0.23
1.31
-2.94
1.80
161.20%Increase/Decrease in Cash
$14.54
14.90
42.12
39.61
-73.90
-48.59
71.20
86.01
98.40
332.25
-507.79
-14.62
68.27
13.75%567.10%Cash (Beginning)
$78.58
93.13
108.02
150.15
189.76
115.86
67.27
138.47
224.48
322.88
655.13
147.34
132.72
4.46%-9.92%Cash (Ending)
$93.13
108.02
150.15
189.76
115.86
67.27
138.47
224.48
322.88
655.13
147.34
132.72
200.99
6.62%51.44%NOPAT
$421.76
219.54
318.90
254.45
192.99
221.83
310.05
300.24
412.68
557.70
398.27
253.06
-4.17%-36.46%Gross Margin %
37.20%
37.44%
38.33%
35.34%
35.59%
34.81%
35.83%
36.19%
38.53%
36.39%
33.34%
33.94%
Operating Margin %
14.27%
19.00%
23.66%
20.08%
14.17%
15.01%
17.65%
16.88%
19.28%
19.30%
12.41%
9.60%
NOPAT Margin %
53.25%
18.66%
21.46%
17.42%
13.36%
13.26%
15.32%
13.62%
16.61%
14.92%
8.72%
6.29%
Net Margin %
40.99%
7.93%
11.75%
11.95%
6.84%
9.53%
11.77%
11.43%
14.11%
14.73%
8.75%
5.33%
Tax Rate %
-273.30%
1.80%
9.26%
13.27%
5.68%
11.65%
13.19%
19.33%
13.86%
22.66%
29.68%
34.48%
ROA
27.16%
13.69%
17.73%
13.52%
10.37%
10.98%
12.78%
11.26%
12.76%
11.43%
7.70%
4.97%
ROE
54.85%
47.35%
100.58%
51.95%
48.11%
39.62%
40.73%
29.07%
29.68%
25.19%
17.63%
10.80%
ROIC
48.20%
22.39%
26.67%
19.87%
16.90%
18.06%
21.75%
19.53%
25.28%
23.12%
13.67%
8.78%
Asset Turnover
0.51
0.73
0.83
0.78
0.78
0.83
0.83
0.83
0.77
0.77
0.88
0.79
Inventory Turnover
3.07
3.26
3.05
2.96
2.66
2.87
2.38
2.69
2.53
2.18
2.17
2.28
Equity Multiplier
2.02
3.46
5.67
3.84
3.85
4.64
3.61
3.19
2.58
2.33
2.20
2.29
2.17
Current Ratio
2.32
1.77
2.61
3.04
3.10
2.00
2.10
2.00
2.41
2.60
1.60
2.20
2.27
Quick Ratio
1.23
0.82
1.28
1.58
1.40
0.90
1.08
0.98
1.29
1.61
0.60
0.66
0.84
Debt/Equity Ratio
0.78
1.93
3.78
2.22
2.27
2.63
1.66
1.21
0.06
0.03
0.04
0.03
0.05
Interest Coverage Ratio
4.66
6.76
6.30
6.89
4.82
6.11
8.71
10.49
16.66
25.90
11.58
4.60
Working Capital/Sales
0.30
0.27
0.29
0.32
0.30
0.30
0.32
0.33
0.31
0.25
0.32
0.35
R&D/Sales
0.02
0.02
0.02
0.02
0.03
0.03
0.02
0.03
0.03
0.03
0.04
0.04
Dividend Payout Ratio %
-184.18%
-107.69%
-0.35%
0.04%
0.10%
0.09%
0.08%
Total Payout
$-35.09
-3073.70
-2446.15
-85.34
190.61
233.70
195.36
87.38
65.39
40.28
41.00
-72.56
240.44
431.35%Payout Ratio %
-8.32%
-1400.09%
-767.05%
-33.54%
121.09%
88.07%
28.18%
21.78%
9.76%
7.35%
-18.22%
95.02%