Stock Analysis on Net

Generac Holdings Inc. (NYSE:GNRC)

This company has been moved to the archive! The financial data has not been updated since August 8, 2022.

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Generac Holdings Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Net sales 1,291,391 1,135,856 1,067,071 942,698 919,981 807,434 761,082 701,355 546,848 475,915 590,932 601,135 541,916 470,353 563,404 562,388 497,581 400,091 488,002 457,253 395,376 331,814
Costs of goods sold (834,406) (775,108) (704,532) (606,704) (580,246) (485,620) (460,880) (425,206) (337,865) (303,595) (368,710) (383,618) (346,078) (308,178) (359,098) (362,054) (319,108) (258,164) (308,300) (299,784) (260,916) (221,328)
Gross profit 456,985 360,748 362,539 335,994 339,735 321,814 300,202 276,149 208,983 172,320 222,222 217,517 195,838 162,175 204,306 200,334 178,473 141,927 179,702 157,469 134,460 110,486
Selling and service (120,066) (98,243) (89,577) (82,242) (78,777) (68,424) (67,807) (60,901) (62,526) (55,139) (58,729) (59,356) (52,309) (47,289) (50,013) (48,985) (48,269) (44,620) (44,053) (44,402) (43,116) (40,184)
Research and development (41,599) (39,744) (29,406) (27,165) (25,344) (22,388) (21,489) (20,658) (19,455) (18,649) (19,488) (17,603) (17,694) (13,609) (11,897) (13,653) (12,616) (11,853) (11,193) (10,864) (10,567) (10,301)
General and administrative (52,600) (41,972) (28,961) (40,802) (41,610) (32,899) (30,912) (31,061) (29,782) (27,889) (30,852) (27,596) (27,658) (24,762) (28,228) (25,499) (26,639) (23,475) (23,076) (22,102) (21,361) (20,973)
Acquisition related costs (21,465)
Amortization of intangibles (25,876) (26,054) (17,649) (12,206) (11,052) (8,979) (8,940) (7,892) (7,667) (7,781) (8,645) (7,406) (7,251) (5,342) (5,320) (5,678) (5,482) (5,632) (7,307) (7,242) (7,129) (7,183)
Operating expenses (240,141) (206,013) (187,058) (162,415) (156,783) (132,690) (129,148) (120,512) (119,430) (109,458) (117,714) (111,961) (104,912) (91,002) (95,458) (93,815) (93,006) (85,580) (85,629) (84,610) (82,173) (78,641)
Income from operations 216,844 154,735 175,481 173,579 182,952 189,124 171,054 155,637 89,553 62,862 104,508 105,556 90,926 71,173 108,848 106,519 85,467 56,347 94,073 72,859 52,287 31,845
Interest expense (10,235) (9,554) (9,529) (7,980) (7,721) (7,723) (7,910) (8,096) (7,932) (9,053) (10,116) (10,704) (10,452) (10,272) (10,017) (9,824) (11,002) (10,113) (10,314) (10,672) (10,893) (10,788)
Investment income 92 77 403 165 244 603 261 301 660 960 878 523 452 914 798 382 367 346 241 14 38 5
Loss on extinguishment of debt (3,743) (831) (926) (1,332)
Loss on pension settlement (10,920)
Other, net 505 246 223 (400) (373) 3,309 581 (557) (216) (1,914) (65) (414) (393) (1,061) (2,946) (483) (887) (1,394) (902) (1,570) (1,573) 38
Other expense, net (13,381) (9,231) (8,903) (8,215) (8,681) (3,811) (7,068) (8,352) (7,488) (10,007) (21,149) (10,595) (10,393) (10,419) (12,165) (9,925) (12,854) (11,161) (10,975) (12,228) (12,428) (10,745)
Income before provision for income taxes 203,463 145,504 166,578 165,364 174,271 185,313 163,986 147,285 82,065 52,855 83,359 94,961 80,533 60,754 96,683 96,594 72,613 45,186 83,098 60,631 39,859 21,100
Provision for income taxes (45,826) (28,608) (20,616) (32,611) (46,362) (35,368) (39,006) (32,050) (18,473) (9,444) (13,423) (20,064) (18,827) (14,985) (19,986) (20,072) (18,382) (11,416) (607) (20,581) (14,114) (8,251)
Net income 157,637 116,896 145,962 132,753 127,909 149,945 124,980 115,235 63,592 43,411 69,936 74,897 61,706 45,769 76,697 76,522 54,231 33,770 82,491 40,050 25,745 12,849
Net (income) loss attributable to noncontrolling interests (1,278) (3,038) (3,067) (1,183) (873) (952) 21 (265) 2,553 1,049 (322) 677 252 (908) (1,122) (746) (970) (125) (1,316) (341) (85) (7)
Net income attributable to Generac Holdings Inc. 156,359 113,858 142,895 131,570 127,036 148,993 125,001 114,970 66,145 44,460 69,614 75,574 61,958 44,861 75,575 75,776 53,261 33,645 81,175 39,709 25,660 12,842

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).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Generac Holdings Inc. net sales increased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Generac Holdings Inc. income from operations decreased from Q4 2021 to Q1 2022 but then increased from Q1 2022 to Q2 2022 exceeding Q4 2021 level.
Income before provision for income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Generac Holdings Inc. income before provision for income taxes decreased from Q4 2021 to Q1 2022 but then increased from Q1 2022 to Q2 2022 exceeding Q4 2021 level.
Net income attributable to Generac Holdings Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Generac Holdings Inc. net income attributable to Generac Holdings Inc. decreased from Q4 2021 to Q1 2022 but then increased from Q1 2022 to Q2 2022 exceeding Q4 2021 level.