Stock Analysis on Net
Stock Analysis on Net

Generac Holdings Inc. (NYSE:GNRC)

This company has been moved to the archive! The financial data has not been updated since August 8, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Generac Holdings Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Short-term borrowings 1.48 1.21 2.20 1.88 1.02
Accounts payable 13.82 10.21 9.83 13.52 11.57
Accrued wages and employee benefits 1.48 1.95 1.55 1.68 1.39
Other accrued liabilities 6.80 6.33 4.98 5.94 5.20
Current portion of long-term borrowings and finance lease obligations 0.12 0.13 0.09 0.08 0.08
Current liabilities 23.70% 19.83% 18.65% 23.11% 19.25%
Long-term borrowings and finance lease obligations, excluding current portion 18.49 26.02 31.43 36.12 44.88
Deferred income taxes 4.22 3.58 3.61 2.94 2.17
Operating lease and other long-term liabilities 7.00 5.56 5.27 3.94 3.81
Long-term liabilities 29.72% 35.16% 40.31% 43.00% 50.86%
Total liabilities 53.42% 54.99% 58.96% 66.11% 70.11%
Redeemable noncontrolling interest 1.19 2.05 2.30 2.51 2.17
Common stock, par value $0.01 0.01 0.02 0.03 0.03 0.04
Additional paid-in capital 19.54 16.24 18.71 19.62 22.76
Treasury stock, at cost -9.20 -10.27 -12.18 -13.25 -14.55
Excess purchase price over predecessor basis -4.14 -6.25 -7.58 -8.33 -10.01
Retained earnings 40.30 44.28 40.68 34.25 30.51
Accumulated other comprehensive loss -1.12 -1.06 -0.93 -0.98 -1.05
Stockholders’ equity attributable to Generac Holdings Inc. 45.38% 42.97% 38.73% 31.35% 27.70%
Noncontrolling interests 0.01 0.00 0.02 0.03 0.01
Total stockholders’ equity 45.39% 42.97% 38.75% 31.38% 27.71%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Short-term borrowings
Short-term borrowings as a percentage of total liabilities and stockholders’ equity exhibited fluctuation, starting at 1.02% in 2017, peaking at 2.2% in 2019, then decreasing to 1.21% in 2020 before a slight increase to 1.48% in 2021.
Accounts payable
The proportion represented by accounts payable showed variation over the years, increasing from 11.57% in 2017 to 13.52% in 2018, then declining to 9.83% in 2019. It subsequently rose again to 10.21% in 2020 and reached 13.82% in 2021, indicating a relatively volatile pattern.
Accrued wages and employee benefits
This component increased somewhat from 1.39% in 2017 to 1.68% in 2018, then showed mild decreases and increases, ending slightly lower at 1.48% in 2021 compared to its peak in 2020 (1.95%).
Other accrued liabilities
Other accrued liabilities followed an overall upward trend, rising from 5.2% in 2017 to 6.8% in 2021, with some year-to-year fluctuation but a clear increase over the period.
Current portion of long-term borrowings and finance lease obligations
This line item stayed relatively stable and very low throughout the period, ranging narrowly between 0.08% and 0.13%, reflecting consistent short-term maturity obligations on long-term debts.
Current liabilities
Current liabilities as a percentage of the total showed variability, increasing from 19.25% in 2017 to a peak of 23.11% in 2018, then decreasing to 18.65% in 2019, followed by a climb to 23.7% in 2021. This indicates some fluctuation in short-term obligations.
Long-term borrowings and finance lease obligations, excluding current portion
There was a distinct downward trend in long-term borrowings ratio, declining steadily from 44.88% in 2017 to 18.49% in 2021, reflecting substantial reduction or repayment of long-term debt obligations relative to total financing.
Deferred income taxes
Deferred income taxes showed a steady increase over the period, growing from 2.17% in 2017 to 4.22% in 2021, signifying rising deferred tax liabilities or timing differences in tax recognition.
Operating lease and other long-term liabilities
This category increased gradually from 3.81% in 2017 to 7% in 2021, reflecting growing commitments in operating leases and other long-term obligations.
Long-term liabilities
Long-term liabilities collectively exhibited a marked decreasing trend, decreasing from 50.86% in 2017 to 29.72% in 2021. This is consistent with the observed reduction in long-term borrowings and suggests an overall deleveraging of long-term obligations.
Total liabilities
Total liabilities decreased as a proportion of total financing, from 70.11% in 2017 down to 53.42% in 2021, showing a significant reduction in the company's reliance on liabilities over five years.
Redeemable noncontrolling interest
This interest declined notably from 2.17% in 2017 to 1.19% in 2021, indicating a decrease in the portion of interests that are both noncontrolling and redeemable.
Common stock, par value
The proportion of common stock relative to total financing steadily decreased from 0.04% in 2017 to 0.01% in 2021, suggesting minimal changes or dilution relative to equity components.
Additional paid-in capital
This ratio showed a decline from 22.76% in 2017 to 16.24% in 2020, followed by an uptick to 19.54% in 2021, indicating fluctuations in capital contributed in excess of par value over the analyzed period.
Treasury stock, at cost
Treasury stock, recorded as a negative component, consistently decreased in absolute magnitude from -14.55% in 2017 to -9.2% in 2021, implying a reduction in treasury shares or repurchases relative to total equity and liabilities.
Excess purchase price over predecessor basis
This negative component improved (became less negative) steadily from -10.01% in 2017 to -4.14% in 2021, suggesting a reduction in goodwill-related adjustments or acquisition-related premiums.
Retained earnings
Retained earnings increased substantially from 30.51% in 2017 to 44.28% in 2020 before decreasing somewhat to 40.3% in 2021, indicating accumulation of earnings over the period with a slight contraction in the final year.
Accumulated other comprehensive loss
This minor negative component remained relatively stable, fluctuating narrowly between -0.93% and -1.12% over the years, indicating consistent comprehensive loss impact.
Stockholders’ equity attributable to Generac Holdings Inc.
There was a strong upward trend in equity attributable to the company, growing from 27.7% in 2017 to 45.38% in 2021, reflecting strengthened equity base through earnings retention and possibly equity issuances.
Noncontrolling interests
Noncontrolling interests were negligible throughout the period, fluctuating near zero, indicating minimal outside ownership in consolidated subsidiaries.
Total stockholders’ equity
Total stockholders’ equity mirrored the trend in company attributable equity, increasing steadily from 27.71% in 2017 to 45.39% in 2021, confirming a shift towards greater equity financing.
Total liabilities and stockholders’ equity
This remained constant at 100% for all years as expected, serving as the basis for ratio comparisons.