Stock Analysis on Net
Stock Analysis on Net

Generac Holdings Inc. (NYSE:GNRC)

$22.49

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

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

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Generac Holdings Inc., consolidated cash flow statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Net income
Depreciation
Amortization of intangible assets
Amortization of original issue discount and deferred financing costs
Loss on extinguishment of debt
Loss on pension settlement
Deferred income taxes
Share-based compensation expense
Gain on disposal of assets
Other noncash (gains) charges
Accounts receivable
Inventories
Other assets
Accounts payable
Accrued wages and employee benefits
Other accrued liabilities
Excess tax benefits from equity awards
Net changes in operating assets and liabilities, net of acquisitions
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Net cash provided by (used in) operating activities
Proceeds from sale of property and equipment
Proceeds from sale of investment
Proceeds from beneficial interest in securitization transactions
Contribution to equity method investment
Expenditures for property and equipment
Acquisition of businesses, net of cash acquired
Net cash used in investing activities
Proceeds from short-term borrowings
Proceeds from long-term borrowings
Repayments of short-term borrowings
Repayments of long-term borrowings and finance lease obligations
Stock repurchases
Payment of contingent acquisition consideration
Cash dividends paid to noncontrolling interest of subsidiary
Payment of debt issuance costs
Purchase of additional ownership interest
Taxes paid related to equity awards
Proceeds from the exercise of stock options
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Net Income and Noncash Charges
Over the observed periods, net income exhibits a generally upward trend with notable quarterly fluctuations. Starting from $12.8 million in early 2017, it peaks multiple times, surpassing $100 million in 2020 and 2021 quarters, reflecting increasing profitability. Depreciation shows a steady increase, from approximately $5.4 million to $13.2 million indicating growing asset base or aging assets. Amortization of intangible assets displays more variability, rising sharply in 2022 to over $25 million, suggesting increased intangible asset amortization possibly linked to acquisitions. Losses on extinguishments and pension settlements appear only sporadically, impacting specific quarters.
Tax and Equity Compensation
Deferred income taxes fluctuate considerably, including large negative values in some periods, indicating volatile tax positions or timing differences. Share-based compensation expense generally increases, implying a rising use of equity incentives, with values growing from around $2.6 million to peaks above $8.8 million in mid-2022. Excess tax benefits from equity awards show negative values predominantly, potentially signaling tax deductions taken or adjustments in equity-based compensation.
Operating Assets and Liabilities
Accounts receivable and inventories demonstrate substantial volatility and frequent large negative values, indicating significant changes in working capital. Inventories notably show large negative swings, perhaps reflecting adjustments in stock levels, supply chain variability, or accounting reclassifications. Accounts payable and accrued liabilities exhibit large fluctuations, with some quarters showing unusually high positive or negative figures, suggesting dynamic supplier payments and accrued costs management. Net changes in operating assets and liabilities display pronounced volatility with large negative amounts in later periods, implying increased working capital outflows.
Operating Cash Flows
Net cash provided by operating activities shows an upward trajectory early on, with a peak above $218 million in late 2020, followed by volatility and a decline into negative territory in early 2022, before a partial recovery. Adjustments reconciling net income to cash flows are substantial and volatile, reflecting the impact of noncash charges and working capital movements. These trends suggest fluctuating liquidity generated from core operations.
Investing Activities
Expenditures for property and equipment are consistently significant and mostly increasing, reflecting ongoing capital investment. Acquisition of businesses shows sporadic but large outlays, including a peak negative transaction exceeding $419 million, indicating substantial corporate acquisitions or investments. Proceeds from asset sales and securitization transactions are irregular and generally modest compared to expenditures. Net cash used in investing activities remains negative throughout, dominated by acquisitions and capital expenditures.
Financing Activities
Financing cash flows are characterized by substantial variations, including large borrowings and repayments. Proceeds from short-term and long-term borrowings rise sharply in certain periods, notably reaching hundreds of millions in 2021-2022, suggesting significant capital raising, possibly to finance acquisitions or operations. Repayments also trend upward, indicating active debt management. Stock repurchases occur intermittently with large amounts, particularly a $126 million repurchase in 2021. Cash dividends to noncontrolling interests and debt issuance costs appear periodically but are comparatively minor. Net financing cash flows oscillate, reflecting these inflows and outflows and leading to occasional large positive or negative movements.
Effect of Exchange Rate and Overall Cash Position
The effect of exchange rate changes on cash is relatively minor but variable, causing small positive or negative adjustments in cash balances. The net increase (decrease) in cash and equivalents presents notable volatility, with quarters showing both steep increases (over $140 million) and large decreases (over $350 million), reflecting the combined effect of operating, investing, and financing activities amid business developments and market conditions.