XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 147,339 $ 655,128
Accounts receivable, less allowance for credit losses of $12,025 and $12,001 at December 31, 2021 and 2020, respectively 546,466 374,906
Inventories 1,089,705 603,317
Prepaid expenses and other assets 64,954 36,382
Total current assets 1,848,464 1,669,733
Property and equipment, net 440,852 343,936
Customer lists, net 238,722 49,205
Patents and technology, net 492,473 86,727
Other intangible assets, net 66,436 9,932
Tradenames, net 243,531 146,159
Goodwill 1,409,674 855,228
Deferred income taxes 15,740 1,497
Operating lease and other assets 121,888 73,006
Total assets 4,877,780 3,235,423
Current liabilities:    
Short-term Borrowings 72,035 39,282
Accounts payable 674,208 330,247
Accrued wages and employee benefits 72,060 63,036
Other accrued liabilities 331,674 204,812
Current portion of long-term borrowings and finance lease obligations 5,930 4,147
Total current liabilities 1,155,907 641,524
Long-term borrowings and finance lease obligations 902,091 841,764
Deferred income taxes 205,964 115,769
Operating lease and other long-term liabilities 341,681 179,955
Total liabilities 2,605,643 1,779,012
Redeemable noncontrolling interest 58,050 66,207
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 72,386,017 and 72,024,329 shares issued at December 31, 2021 and 2020, respectively 725 721
Additional paid-in capital 952,939 525,541
Treasury stock, at cost, 8,667,031 and 9,173,731 shares at December 31, 2021 and 2020, respectively (448,976) (332,164)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 1,965,957 1,432,565
Accumulated other comprehensive loss (54,755) (34,254)
Stockholders’ equity attributable to Generac Holdings Inc. 2,213,774 1,390,293
Noncontrolling interests 313 (89)
Total stockholders’ equity 2,214,087 1,390,204
Total liabilities and stockholders’ equity $ 4,877,780 $ 3,235,423