← GENTEX CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $347.6m | $406.8m | $437.9m | $424.7m | $347.6m | $360.8m | $318.8m | $428.4m | $404.5m | $384.7m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | ($159k) | — | |
| Depreciation, Depletion and Amortization | $88.6m | $99.6m | $102.2m | $104.7m | $104.7m | $99.1m | $96.6m | $93.3m | $94.7m | $104.0m | $102.6m | |
| Depreciation | $66.3m | $77.0m | $79.7m | $82.3m | $82.4m | $76.8m | $74.9m | $73.6m | $76.8m | $88.8m | $102.6m | |
| Amortization of Intangible Assets | $22.3m | $22.5m | $22.5m | $22.4m | $22.4m | $22.2m | $21.7m | $19.7m | $17.9m | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $96.6m | $93.3m | $94.7m | $104.0m | $102.6m | |
| Deferred Income Tax Expense (Benefit) | $22.5m | ($15.0m) | ($4.4m) | ($3.4m) | ($15.4m) | ($41.7m) | ($17.8m) | ($17.7m) | ($12.4m) | ($18.4m) | ($19.8m) | |
| Deferred Tax | — | — | — | — | — | — | ($17.8m) | ($17.7m) | ($12.4m) | ($18.4m) | ($19.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $19.2m | $18.4m | $18.3m | $21.7m | $30.8m | $27.4m | $30.2m | $39.2m | $39.5m | $36.6m | $40.6m | |
| Equity Method Investment, Other than Temporary Impairment | — | ($1.3m) | ($2.5m) | ($661k) | ($3.2m) | ($1.4m) | ($392k) | ($5.5m) | ($5.4m) | $14.1m | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | $0 | $8.9m | $0 | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.7m | $0 | $22.9m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | $0 | $5.2m | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $8.9m | $14.1m | $22.9m | |
| Nonoperating Income (Expense) | ($1.2m) | $8.4m | $13.9m | $11.9m | $12.3m | $6.6m | ($283k) | $9.3m | $12.5m | ($12.9m) | — | |
| Other Nonoperating Income (Expense) | ($6.0m) | ($1.0m) | $2.7m | $647k | $5.3m | $3.0m | ($5.1m) | ($4.2m) | ($916k) | ($11.6m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($91.2m) | ($12.0m) | ($40.4m) | $54.5m | $27.7m | |
| Increase (Decrease) in Accounts Receivable | $15.6m | $19.5m | ($17.6m) | $21.9m | $49.3m | ($35.1m) | $26.7m | $45.3m | ($27.1m) | $14.6m | ($11.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($26.7m) | ($45.3m) | $27.1m | ($14.6m) | ($11.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($26.7m) | ($45.3m) | $27.1m | ($14.6m) | ($11.5m) | |
| Increase (Decrease) in Inventories | $14.6m | $27.5m | $8.5m | $23.7m | ($22.7m) | $90.0m | $88.1m | ($2.1m) | $32.6m | ($18.1m) | ($42.1m) | |
| Change In Inventory | — | — | — | — | — | — | ($88.1m) | $2.1m | ($32.6m) | $18.1m | ($42.1m) | |
| Increase (Decrease) in Accounts Payable | $13.6m | $9.9m | $2.9m | $4.7m | ($12.9m) | $7.3m | $37.4m | $41.0m | ($26.0m) | $52.4m | $45.5m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $52.3m | $35.2m | ($25.0m) | $50.7m | $45.5m | |
| Change In Accrued Expense | — | — | — | — | — | — | $14.9m | ($5.7m) | $1.0m | ($1.7m) | $15.3m | |
| Increase (Decrease) in Other Operating Assets | $7.3m | ($2.6m) | $5.6m | $3.0m | $4.3m | $5.5m | $3.6m | $4.5m | $6.6m | $1.9m | — | |
| Net Cash Provided by (Used in) Operating Activities | $471.5m |
$501.0m
+6.27%
|
$552.4m
+10.26%
|
$506.0m
-8.41%
|
$464.5m
-8.20%
|
$362.2m
-22.03%
|
$338.2m
-6.62%
|
$537.2m
+58.86%
|
$498.2m
-7.27%
|
$587.1m
+17.85%
|
$594.1m
+1.20%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($146.4m) | ($183.7m) | ($144.7m) | ($129.1m) | ($97.5m) | |
| Gain (Loss) on Sale of Investments | $4.2m | $1.3m | $2.5m | ($661k) | ($3.2m) | ($1.4m) | ($392k) | ($5.5m) | ($5.4m) | ($3.4m) | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $5.5m | $23.1m | $181.9m | $125.0m | $142.5m | $27.7m | $3.5m | $17.4m | $16.2m | $2.9m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $0 | $0 | $11.2m | $12.1m | $0 | $18.9m | $2.9m | $156.3m | ($39.7m) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($3.6m) | ($4.5m) | ($6.6m) | ($18.1m) | ($22.6m) | |
| Net Cash Provided by (Used in) Investing Activities | ($251.4m) | ($77.7m) | ($185.8m) | ($56.7m) | $26.4m | ($113.1m) | ($172.7m) | ($299.4m) | ($202.1m) | ($266.9m) | ($134.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $47.5m | $107.6m | $78.0m | $0 | $75.0m | $0 | $0 | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $75.0m | $0 | $0 | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Repayment Of Debt | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Payments for Repurchase of Common Stock | $163.4m | $231.4m | $591.6m | $331.5m | $288.5m | $324.6m | $112.5m | $147.4m | $206.1m | $315.5m | — | |
| Payments of Ordinary Dividends, Common Stock | $101.1m | $108.8m | $116.6m | $116.3m | $117.2m | $115.3m | $113.1m | $112.2m | $110.4m | $106.9m | ($104.0m) | |
| Proceeds from Issuance of Common Stock | $81.3m | $47.8m | $66.8m | $77.8m | $41.8m | $29.8m | $16.6m | $29.4m | $27.3m | $14.5m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($113.1m) | ($112.2m) | ($110.4m) | ($106.9m) | ($104.0m) | |
| Common Stock Payments | — | — | — | — | — | — | ($112.5m) | ($147.4m) | ($206.1m) | ($315.5m) | ($254.5m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($112.5m) | ($147.4m) | ($206.1m) | ($315.5m) | ($254.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($112.5m) | ($147.4m) | ($206.1m) | ($315.5m) | ($254.5m) | |
| Dividends Payable, Current | $25.9m | $28.0m | $28.5m | $28.9m | $29.2m | $28.4m | $28.1m | $27.8m | $27.3m | $25.9m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($113.1m) | ($112.2m) | ($110.4m) | ($106.9m) | ($104.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($225.1m) |
($400.0m)
-77.71%
|
($719.3m)
-79.81%
|
($370.0m)
+48.57%
|
($363.9m)
+1.65%
|
($410.1m)
-12.71%
|
($209.0m)
+49.03%
|
($230.2m)
-10.11%
|
($289.3m)
-25.68%
|
($407.9m)
-41.02%
|
($346.3m)
+15.09%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($5.1m) | $23.3m | ($352.7m) | $79.3m | $127.0m | ($161.1m) | ($43.6m) | $7.7m | $6.9m | ($87.7m) | $233.4m | |
| Beginning Cash Position | — | — | — | — | — | — | $262.3m | $218.8m | $226.4m | $233.3m | $119.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $296.3m | $423.4m | $262.3m | $218.8m | $226.4m | $233.3m | $145.6m | $233.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $78.7m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $307.4m | $307.4m | $307.4m | $307.4m | $311.9m | $314.0m | $313.8m | $340.1m | $340.7m | $357.2m | $22.9m | |
| Income Tax Expense (Benefit) | $163.0m | $125.0m | $84.2m | $75.7m | $64.2m | $55.6m | $51.0m | $76.6m | $67.7m | $76.4m | — | |
| Operating Expenses | $156.7m | $171.2m | $182.3m | $199.8m | $205.9m | $209.9m | $239.8m | $266.9m | $311.4m | $392.8m | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | — | — | $7.4m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.8b | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($209.0m) | ($230.2m) | ($289.3m) | ($407.9m) | ($346.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($172.7m) | ($299.4m) | ($202.1m) | ($266.9m) | ($134.1m) | |
| Change In Account Payable | — | — | — | — | — | — | $37.4m | $41.0m | ($26.0m) | $52.4m | $45.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($43.6m) | $7.7m | $6.9m | ($87.7m) | — | |
| Change In Payable | — | — | — | — | — | — | $37.4m | $41.0m | ($26.0m) | $52.4m | $45.5m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($28.8m) | ($4.1m) | ($9.9m) | $215k | $20.5m | |
| Changes In Cash | — | — | — | — | — | — | ($43.6m) | $7.7m | $6.9m | ($87.7m) | $113.7m | |
| End Cash Position | — | — | — | — | — | — | $218.8m | $226.4m | $233.3m | $145.6m | $233.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($209.0m) |
($230.2m)
-10.11%
|
($289.3m)
-25.68%
|
($407.9m)
-41.02%
|
($346.3m)
+15.09%
|
|
| Free Cash Flow | — | — | — | — | — | — | $191.8m | $353.6m | $353.5m | $458.0m | $496.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $1.7m | $6.0m | $4.6m | $4.4m | $2.9m | |
| Investing Cash Flow | — | — | — | — | — | — | ($172.7m) | ($299.4m) | ($202.1m) | ($266.9m) | ($134.1m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($45.7m) | ($107.0m) | ($62.0m) | ($179.0m) | ($39.7m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $22.7m | ($4.6m) | $7.8m | $50.9m | $17.0m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($146.1m) | ($183.4m) | ($141.4m) | ($120.7m) | ($88.9m) | |
| Operating Gains Losses | — | — | — | — | — | — | $1.7m | $6.1m | $3.4m | $1.6m | ($1.7m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $16.6m | $29.4m | $27.3m | $14.5m | $12.2m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | — | $0 | $0 | $10.1m | $15.2m | |
| Purchase Of Business | — | — | — | — | — | — | ($45.7m) | ($107.0m) | ($62.0m) | ($179.0m) | ($39.7m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($18.2m) | ($80.9m) | ($51.1m) | ($26.0m) | ($12.3m) | |
| Purchase Of PPE | $121.0m | $104.0m | $86.0m | $84.6m | $51.7m | $68.8m | ($146.4m) | ($183.7m) | ($144.7m) | ($129.1m) | ($97.5m) | |
| Sale Of Investment | — | — | — | — | — | — | $40.9m | $76.3m | $58.9m | $76.9m | $29.3m | |
| Sale Of PPE | — | — | — | — | — | — | $314k | $293k | $3.3m | $8.4m | $8.6m | |
| Stock Based Compensation | — | — | — | — | — | — | $30.2m | $39.2m | $39.5m | $36.6m | $40.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.