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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 161,525 $ 132,723
Accounts receivable, less allowance for credit losses of $29,580 and $27,664 at September 30, 2023 and December 31, 2022, respectively 589,226 522,458
Inventories 1,311,129 1,405,384
Prepaid expenses and other current assets 105,169 121,783
Total current assets 2,167,049 2,182,348
Property and equipment, net 511,893 467,604
Customer lists, net 188,513 206,987
Patents and technology, net 426,552 454,757
Other intangible assets, net 30,317 41,719
Tradenames, net 219,012 227,251
Goodwill 1,417,564 1,400,880
Deferred income taxes 17,140 12,746
Operating lease and other non-current assets 188,301 175,170
Total assets 5,166,341 5,169,462
Current liabilities:    
Short-term borrowings 74,346 48,990
Accounts payable 394,168 446,050
Accrued wages and employee benefits 56,454 45,741
Accrued product warranty 70,572 89,141
Other accrued liabilities 267,217 349,389
Current portion of long-term borrowings and finance lease obligations 37,337 12,733
Total current liabilities 900,094 992,044
Long-term borrowings and finance lease obligations 1,465,141 1,369,085
Deferred income taxes 113,390 125,691
Deferred revenue 160,264 143,726
Operating lease and other long-term liabilities 155,326 169,190
Total liabilities 2,794,215 2,799,736
Redeemable noncontrolling interests 5,639 110,471
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 73,108,913 and 72,701,257 shares issued at September 30, 2023 and December 31, 2022, respectively 732 728
Additional paid-in capital 1,064,418 1,016,138
Treasury stock, at cost, 11,739,423 and 11,284,350 shares at September 30, 2023 and December 31, 2022, respectively (880,858) (808,491)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 2,423,346 2,316,224
Accumulated other comprehensive loss (41,614) (65,102)
Stockholders’ equity attributable to Generac Holdings Inc. 2,363,908 2,257,381
Noncontrolling interests 2,579 1,874
Total stockholders' equity 2,366,487 2,259,255
Total liabilities and stockholders’ equity $ 5,166,341 $ 5,169,462