XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 423,726 $ 655,128
Accounts receivable, less allowance for credit losses 510,670 374,906
Inventories 934,948 603,317
Prepaid expenses and other assets 54,228 36,382
Total current assets 1,923,572 1,669,733
Property and equipment, net 412,706 343,936
Customer lists, net 154,152 49,205
Patents and technology, net 141,952 86,727
Other intangible assets, net 14,703 9,932
Tradenames, net 172,398 146,159
Goodwill 1,174,315 855,228
Deferred income taxes 3,813 1,497
Operating lease and other assets 102,819 73,006
Total assets 4,100,430 3,235,423
Current liabilities:    
Short-term Borrowings 61,470 39,282
Accounts payable 611,181 330,247
Accrued wages and employee benefits 69,882 63,036
Other accrued liabilities 270,536 204,812
Current portion of long-term borrowings and finance lease obligations 4,945 4,147
Total current liabilities 1,018,014 641,524
Long-term borrowings and finance lease obligations 843,426 841,764
Deferred income taxes 175,665 115,769
Operating lease and other long-term liabilities 236,344 179,955
Total liabilities 2,273,449 1,779,012
Redeemable noncontrolling interests 44,704 66,207
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 72,335,705 and 72,024,329 shares issued at September 30, 2021 and December 31, 2020, respectively 724 721
Additional paid-in capital 563,162 525,541
Treasury stock, at cost (358,634) (332,164)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 1,834,477 1,432,565
Accumulated other comprehensive loss (55,541) (34,254)
Stockholders’ equity attributable to Generac Holdings Inc. 1,782,072 1,390,293
Noncontrolling interests 205 (89)
Total stockholders' equity 1,782,277 1,390,204
Total liabilities and stockholders’ equity $ 4,100,430 $ 3,235,423