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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 281,277 $ 200,994
Accounts receivable, less allowance for credit losses of $35,465 and $33,925 as of December 31, 2024 and 2023, respectively 612,107 537,316
Inventories 1,031,647 1,167,484
Prepaid expenses and other assets 107,139 91,898
Total current assets 2,032,170 1,997,692
Property, Plant and Equipment, Net 690,023 598,577
Customer lists, net 152,737 184,513
Patents and technology, net 379,095 417,441
Other intangible assets, net 20,026 27,127
Tradenames, net 206,664 216,995
Goodwill 1,436,261 1,432,384
Deferred income taxes 24,132 15,532
Operating Lease, Right-of-Use Asset and Other Assets, Noncurrent 168,223 203,051
Total assets 5,109,331 5,093,312
Liabilities, Current [Abstract]    
Short-term borrowings 55,848 81,769
Accounts payable 458,693 340,719
Accrued wages and employee benefits 81,485 54,970
Accrued product warranty 56,127 65,298
Other Accrued Liabilities, Current 313,401 292,120
Long-Term Debt and Lease Obligation, Current 67,598 45,895
Total current liabilities 1,033,152 880,771
Long-Term Debt and Lease Obligation 1,210,776 1,447,553
Deferred income taxes 33,185 90,012
Deferred revenue 193,260 167,008
Operating Lease, Liability, Noncurrent And Other Long-term Liabilities 141,515 158,349
Total liabilities 2,611,888 2,743,693
Redeemable noncontrolling interest 0 6,549
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 73,785,631 and 73,195,055 shares issued as of December 31, 2024 and 2023, respectively 738 733
Additional paid-in capital 1,133,756 1,070,386
Treasury stock, at cost, 14,173,697 and 13,057,298 shares as of December 31, 2024 and 2023, respectively (1,196,997) (1,032,921)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 2,844,296 2,519,313
Accumulated other comprehensive loss (85,399) (15,143)
Stockholders’ equity attributable to Generac Holdings Inc. 2,494,278 2,340,252
Noncontrolling interests 3,165 2,818
Total stockholders’ equity 2,497,443 2,343,070
Total liabilities and stockholders’ equity $ 5,109,331 $ 5,093,312