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GENTEX CORPORATION: 10-K filed 2023-02-22

What GENTEX CORPORATION reported in its annual report filed 2023-02-22 (fiscal FY 2022): 52 published measures, 186 facts as tagged in accession 0000355811-23-000011.

This filing

Form
10-K (annual report)
Filed
2023-02-22
Fiscal period
fiscal FY 2022
Accession
0000355811-23-000011 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All GENTEX CORPORATION filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2022-12-312,327,229,924USD
At 2021-12-312,131,391,166USD
At 2020-12-312,197,941,170USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2022-12-31261,437,103USD
At 2021-12-31193,402,699USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2022-12-312,065,792,821USD
At 2021-12-311,937,988,467USD
At 2020-12-311,963,943,128USD
At 2019-12-311,938,087,820USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2022-12-31214,754,638USD
At 2021-12-31262,311,670USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2022-10-01 to 2022-12-3186,168,000USD92
2022-01-01 to 2022-12-31318,757,352USD365
2022-07-01 to 2022-09-3072,656,000USD92
2022-04-01 to 2022-06-3072,404,000USD91
2022-01-01 to 2022-03-3187,529,000USD90
2021-10-01 to 2021-12-3184,179,000USD92
2021-01-01 to 2021-12-31360,797,232USD365
2021-07-01 to 2021-09-3076,661,000USD92
2021-04-01 to 2021-06-3086,506,000USD91
2021-01-01 to 2021-03-31113,451,000USD90
2020-01-01 to 2020-12-31347,563,621USD366

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2022-01-01 to 2022-12-31338,200,529USD365
2021-01-01 to 2021-12-31362,167,562USD365
2020-01-01 to 2020-12-31464,491,771USD366

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2022-10-01 to 2022-12-31493,648,000USD92
2022-01-01 to 2022-12-311,918,958,043USD365
2022-07-01 to 2022-09-30493,637,000USD92
2022-04-01 to 2022-06-30463,423,000USD91
2022-01-01 to 2022-03-31468,251,000USD90
2021-10-01 to 2021-12-31419,841,000USD92
2021-01-01 to 2021-12-311,731,169,929USD365
2021-07-01 to 2021-09-30399,599,000USD92
2021-04-01 to 2021-06-30428,005,000USD91
2021-01-01 to 2021-03-31483,725,000USD90
2020-01-01 to 2020-12-311,688,189,405USD366

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-209,019,053USD365
2021-01-01 to 2021-12-31-410,119,973USD365
2020-01-01 to 2020-12-31-363,858,794USD366

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-172,738,508USD365
2021-01-01 to 2021-12-31-113,106,955USD365
2020-01-01 to 2020-12-3126,416,437USD366

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2022-12-311,148,386,272USD
At 2021-12-311,042,461,388USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2022-01-01 to 2022-12-31230,825,293shares365
2021-01-01 to 2021-12-31235,526,911shares365
2020-01-01 to 2020-12-31242,599,923shares366

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2022-01-01 to 2022-12-31231,219,489shares365
2021-01-01 to 2021-12-31236,604,014shares365
2020-01-01 to 2020-12-31243,681,992shares366

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2022-10-01 to 2022-12-310.37USD/shares92
2022-01-01 to 2022-12-311.36USD/shares365
2022-07-01 to 2022-09-300.31USD/shares92
2022-04-01 to 2022-06-300.31USD/shares91
2022-01-01 to 2022-03-310.37USD/shares90
2021-10-01 to 2021-12-310.36USD/shares92
2021-01-01 to 2021-12-311.51USD/shares365
2021-07-01 to 2021-09-300.32USD/shares92
2021-04-01 to 2021-06-300.36USD/shares91
2021-01-01 to 2021-03-310.47USD/shares90
2020-01-01 to 2020-12-311.41USD/shares366

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2022-10-01 to 2022-12-310.37USD/shares92
2022-01-01 to 2022-12-311.36USD/shares365
2022-07-01 to 2022-09-300.31USD/shares92
2022-04-01 to 2022-06-300.31USD/shares91
2022-01-01 to 2022-03-310.37USD/shares90
2021-10-01 to 2021-12-310.35USD/shares92
2021-01-01 to 2021-12-311.5USD/shares365
2021-07-01 to 2021-09-300.32USD/shares92
2021-04-01 to 2021-06-300.36USD/shares91
2021-01-01 to 2021-03-310.46USD/shares90
2020-01-01 to 2020-12-311.41USD/shares366

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2022-01-01 to 2022-12-3150,965,724USD365
2021-01-01 to 2021-12-3155,554,504USD365
2020-01-01 to 2020-12-3164,249,308USD366

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2022-12-31550,033,036USD
At 2021-12-31464,121,676USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2022-01-01 to 2022-12-3130,228,606USD365
2021-01-01 to 2021-12-3127,421,645USD365
2020-01-01 to 2020-12-3130,797,327USD366

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2022-10-01 to 2022-12-3194,118,000USD92
2022-01-01 to 2022-12-31370,006,126USD365
2022-07-01 to 2022-09-3086,792,000USD92
2022-04-01 to 2022-06-3085,791,000USD91
2022-01-01 to 2022-03-31103,306,000USD90
2021-10-01 to 2021-12-3187,959,000USD92
2021-01-01 to 2021-12-31409,781,978USD365
2021-07-01 to 2021-09-3088,165,000USD92
2021-04-01 to 2021-06-3099,925,000USD91
2021-01-01 to 2021-03-31133,734,000USD90
2020-01-01 to 2020-12-31399,556,092USD366

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2022-12-31948,652,376USD
At 2021-12-31872,975,749USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2022-12-31250,552,752USD
At 2021-12-31181,656,100USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2022-12-31151,740,046USD
At 2021-12-3198,342,928USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2022-12-31313,807,494USD
At 2021-12-31313,960,209USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2022-12-31276,493,752USD
At 2021-12-31249,794,906USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

PeriodValueUnitDays
2022-01-01 to 2022-12-31112,529,406USD365
2021-01-01 to 2021-12-31324,643,135USD365
2020-01-01 to 2020-12-31288,480,506USD366

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2022-01-01 to 2022-12-31239,808,059USD365
2021-01-01 to 2021-12-31209,925,869USD365
2020-01-01 to 2020-12-31205,887,428USD366

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2022-12-31404,360,270USD
At 2021-12-31316,267,442USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2022-10-01 to 2022-12-31153,834,000USD92
2022-01-01 to 2022-12-31609,814,185USD365
2022-07-01 to 2022-09-30147,201,000USD92
2022-04-01 to 2022-06-30148,367,000USD91
2022-01-01 to 2022-03-31160,412,000USD90
2021-10-01 to 2021-12-31143,911,000USD92
2021-01-01 to 2021-12-31619,707,847USD365
2021-07-01 to 2021-09-30140,900,000USD92
2021-04-01 to 2021-06-30151,597,000USD91
2021-01-01 to 2021-03-31183,300,000USD90
2020-01-01 to 2020-12-31605,443,520USD366

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2022-01-01 to 2022-12-31106,499,255USD365
2021-01-01 to 2021-12-3192,162,193USD365
2020-01-01 to 2020-12-3189,952,381USD366

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2022-01-01 to 2022-12-31133,308,804USD365
2021-01-01 to 2021-12-31117,763,676USD365
2020-01-01 to 2020-12-31115,935,047USD366

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2022-12-31234,169,335shares
At 2021-12-31236,440,840shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2022-12-31218,754,638USD
At 2021-12-31262,311,670USD
At 2020-12-31423,371,036USD
At 2019-12-31296,321,622USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2022-12-312,149,501USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2022-12-311,478,357,509USD
At 2021-12-311,324,478,632USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2022-12-31928,324,473USD
At 2021-12-31860,356,956USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2022-12-31219,360,910USD
At 2021-12-31239,189,627USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2022-12-31828,544,512USD
At 2021-12-31794,293,741USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2022-12-3110,884,351USD
At 2021-12-3111,746,599USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2022-12-3126,036,331USD
At 2021-12-3139,178,119USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2022-12-3187,672,179USD
At 2021-12-3177,749,252USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2022-01-01 to 2022-12-31369,723,076USD365
2021-01-01 to 2021-12-31416,351,736USD365
2020-01-01 to 2020-12-31411,812,929USD366

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2022-01-01 to 2022-12-31302,687,174USD365
2021-01-01 to 2021-12-31355,873,424USD365
2020-01-01 to 2020-12-31355,703,776USD366

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2022-01-01 to 2022-12-3174,900,000USD365
2021-01-01 to 2021-12-3176,800,000USD365
2020-01-01 to 2020-12-3182,400,000USD366

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2022-01-01 to 2022-12-3196,568,443USD365
2021-01-01 to 2021-12-3199,112,019USD365
2020-01-01 to 2020-12-31104,739,900USD366

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2022-01-01 to 2022-12-3121,700,000USD365
2021-01-01 to 2021-12-3122,200,000USD365
2020-01-01 to 2020-12-3122,400,000USD366

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-5,078,873USD365
2021-01-01 to 2021-12-312,979,960USD365
2020-01-01 to 2020-12-315,270,534USD366

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-283,050USD365
2021-01-01 to 2021-12-316,569,758USD365
2020-01-01 to 2020-12-3112,256,837USD366

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2022-01-01 to 2022-12-3168,743,501USD365
2021-01-01 to 2021-12-3197,249,255USD365
2020-01-01 to 2020-12-3179,669,030USD366

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2022-01-01 to 2022-12-31-17,777,777USD365
2021-01-01 to 2021-12-31-41,694,751USD365
2020-01-01 to 2020-12-31-15,419,722USD366

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2022-01-01 to 2022-12-3116,602,274USD365
2021-01-01 to 2021-12-3129,808,787USD365
2020-01-01 to 2020-12-3141,803,640USD366

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2022-01-01 to 2022-12-3126,698,846USD365
2021-01-01 to 2021-12-31-35,135,429USD365
2020-01-01 to 2020-12-3149,290,457USD366

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2022-01-01 to 2022-12-3188,092,828USD365
2021-01-01 to 2021-12-3189,975,599USD365
2020-01-01 to 2020-12-31-22,725,798USD366

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2022-01-01 to 2022-12-3137,423,488USD365
2021-01-01 to 2021-12-317,266,309USD365
2020-01-01 to 2020-12-31-12,854,038USD366

Inspect the source

Entity
GENTEX CORPORATION / CIK 0000355811
Captured
2026-09-19T14:57:30.647Z
SEC response SHA-256
eb99451c516d46096834feea4e32d587225b1e40e8c07b7e0c0a0961878fc624

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000355811.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))