Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2010
- Current Ratio since 2010
- Total Asset Turnover since 2010
- Price to Operating Profit (P/OP) since 2010
- Price to Book Value (P/BV) since 2010
- Price to Sales (P/S) since 2010
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Generac Holdings Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Cash and cash equivalents
- The cash and cash equivalents balance demonstrated significant volatility over the observed periods. Initially showing a steady increase from March 2017 through December 2018, peaking at approximately $224 million, it experienced a notable decline in 2019, dropping to as low as about $110 million. Starting 2020, there was a consistent upward trend, reaching a peak exceeding $744 million by March 2021, followed by a sharp decrease and renewed growth near the end of the time frame.
- Accounts receivable, less allowance for credit losses
- Accounts receivable values exhibited an overall upward trend from 2017 through 2022. While fluctuations were present, including intermittent declines in late 2017 and 2019, the general pattern was increasing, rising from approximately $223 million in early 2017 to nearly $692 million by mid-2022. This suggests growing sales or extended credit terms over time.
- Inventories
- Inventories showed a steady and pronounced increase throughout the period, more than tripling from about $391 million in early 2017 to over $1.24 billion in mid-2022. Minor fluctuations were seen around 2019 and 2020, but the general direction was upward, indicating significant inventory buildup or expansion of product offerings.
- Prepaid expenses and other assets
- This category increased moderately with some variability, growing from roughly $9 million in early 2017 to over $91 million by mid-2022. The growth rate accelerated particularly after 2019, reflecting potentially greater prepaid operational costs or other asset acquisitions.
- Current assets
- Current assets increased consistently, moving from approximately $681 million in early 2017 to about $2.49 billion by mid-2022. The increase was driven by growth in cash, receivables, inventories, and prepaid expenses, indicating expanding short-term resources and operational scale.
- Property and equipment, net
- Property and equipment showed steady growth across the observed periods, increasing from about $215 million in 2017 to approximately $446 million in mid-2022. This suggests ongoing capital investment in fixed assets to support operations.
- Intangible assets components (Customer lists, Patents and technology, Other intangibles, Tradenames)
- The intangible assets showed mixed patterns individually but an overall growth in total net intangible assets. Customer lists dropped initially but saw a substantial jump starting 2018, peaking around $239 million in early 2022 before slightly declining. Patents and technology assets had a dip through early periods but surged dramatically from 2019 onward, reaching nearly $492 million by mid-2022. Other intangibles grew modestly but less steadily, while tradenames remained fairly stable with a small upward trend, reaching about $233 million. Aggregate intangible assets more than quadrupled over the period, indicating significant investment or acquisitions involving intellectual property and brand value.
- Goodwill
- Goodwill increased steadily from about $710 million in early 2017 to approximately $1.39 billion by mid-2022, with marked acceleration from 2020 onward. This reflects the likelihood of acquisitions or business combinations contributing substantially to the company’s asset base.
- Deferred income taxes
- Deferred income taxes fluctuated over time with no clear upward or downward trend, generally remaining within a range of approximately $1 million to $15 million. Peaks in deferred taxes occurred sporadically, showing moderate volatility without a sustained directional movement.
- Operating lease and other assets
- Operating lease and other long-term assets increased significantly, especially after 2018. Beginning at about $2 million in early 2017, they grew more than seventyfold to over $162 million by mid-2022, indicating expanded lease obligations or recognition of right-of-use assets in line with accounting standards.
- Noncurrent assets
- Noncurrent assets gradually increased from roughly $1.19 billion in 2017 to $3 billion plus by mid-2022. The large increase starting 2020 was driven by growth in intangible assets, goodwill, and other long-term assets, signaling substantial investment in long-term resource acquisition and business expansion strategies.
- Total assets
- Total assets showed steady and robust growth across the entire timeline, increasing from approximately $1.87 billion in early 2017 to over $5.47 billion by mid-2022. This growth mainly reflects the increases in current assets, intangible assets, goodwill, and property and equipment, consistent with the company's expansion and acquisition activity.