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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 132,723 $ 147,339
Accounts receivable, less allowance for credit losses of $27,664 and $12,025 at December 31, 2022 and 2021, respectively 522,458 546,466
Inventories 1,405,384 1,089,705
Prepaid expenses and other assets 121,783 64,954
Total current assets 2,182,348 1,848,464
Property and equipment, net 467,604 440,852
Customer lists, net 206,987 238,722
Patents and technology, net 454,757 492,473
Other intangible assets, net 41,719 66,436
Tradenames, net 227,251 243,531
Goodwill 1,400,880 1,409,674
Deferred income taxes 12,746 15,740
Operating lease and other assets 175,170 121,888
Total assets 5,169,462 4,877,780
Current liabilities:    
Short-term borrowings 48,990 72,035
Accounts payable 446,050 674,208
Accrued wages and employee benefits 45,741 72,060
Accrued product warranty 89,141 59,052
Other accrued liabilities 349,389 272,622
Current portion of long-term borrowings and finance lease obligations 12,733 5,930
Total current liabilities 992,044 1,155,907
Long-term borrowings and finance lease obligations 1,369,085 902,091
Deferred income taxes 125,691 205,964
Operating lease and other long-term liabilities 312,916 341,681
Total liabilities 2,799,736 2,605,643
Redeemable noncontrolling interest 110,471 58,050
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 72,701,257 and 72,386,017 shares issued at December 31, 2022 and 2021, respectively 728 725
Additional paid-in capital 1,016,138 952,939
Treasury stock, at cost, 11,284,350 and 8,667,031 shares at December 31, 2022 and 2021, respectively (808,491) (448,976)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 2,316,224 1,965,957
Accumulated other comprehensive loss (65,102) (54,755)
Stockholders’ equity attributable to Generac Holdings Inc. 2,257,381 2,213,774
Noncontrolling interests 1,874 313
Total stockholders’ equity 2,259,255 2,214,087
Total liabilities and stockholders’ equity $ 5,169,462 $ 4,877,780