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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 249,355 $ 200,994
Accounts receivable, less allowance for credit losses of $34,594 and $33,925 at March 31, 2024 and December 31, 2023, respectively 520,725 537,316
Inventories 1,182,350 1,167,484
Prepaid expenses and other current assets 101,483 91,898
Total current assets 2,053,913 1,997,692
Property and equipment, net 605,466 598,577
Customer lists, net 175,632 184,513
Patents and technology, net 407,928 417,441
Other intangible assets, net 23,956 27,127
Tradenames, net 214,136 216,995
Goodwill 1,429,495 1,432,384
Deferred income taxes 16,035 15,532
Operating lease and other assets 202,959 203,051
Total assets 5,129,520 5,093,312
Current liabilities:    
Short-term borrowings 78,086 81,769
Accounts payable 381,352 340,719
Accrued wages and employee benefits 46,198 54,970
Accrued product warranty 61,801 65,298
Other accrued liabilities 287,026 292,120
Current portion of long-term borrowings and finance lease obligations 43,438 45,895
Total current liabilities 897,901 880,771
Long-term borrowings and finance lease obligations 1,439,736 1,447,553
Deferred income taxes 84,923 90,012
Deferred revenue 172,500 167,008
Operating lease and other long-term liabilities 155,031 158,349
Total liabilities 2,750,091 2,743,693
Redeemable noncontrolling interests 9,117 6,549
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 73,492,146 and 73,195,055 shares issued at March 31, 2024 and December 31, 2023, respectively 735 733
Additional paid-in capital 1,081,985 1,070,386
Treasury stock, at cost, 13,087,185 and 13,057,298 shares at March 31, 2024 and December 31, 2023, respectively (1,037,227) (1,032,921)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 2,542,859 2,519,313
Accumulated other comprehensive loss (18,832) (15,143)
Stockholders’ equity attributable to Generac Holdings Inc. 2,367,404 2,340,252
Noncontrolling interests 2,908 2,818
Total stockholders' equity 2,370,312 2,343,070
Total liabilities and stockholders’ equity $ 5,129,520 $ 5,093,312