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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 218,317 $ 200,994
Accounts receivable, less allowance for credit losses of $34,546 and $33,925 at June 30, 2024 and December 31, 2023, respectively 610,322 537,316
Inventories 1,152,133 1,167,484
Prepaid expenses and other current assets 74,886 91,898
Total current assets 2,055,658 1,997,692
Property and equipment, net 622,947 598,577
Customer lists, net 167,240 184,513
Patents and technology, net 398,452 417,441
Other intangible assets, net 21,963 27,127
Tradenames, net 211,406 216,995
Goodwill 1,432,933 1,432,384
Deferred income taxes 17,401 15,532
Operating lease and other assets 190,566 203,051
Total assets 5,118,566 5,093,312
Current liabilities:    
Short-term borrowings 66,407 81,769
Accounts payable 406,296 340,719
Accrued wages and employee benefits 61,433 54,970
Accrued product warranty 58,743 65,298
Other accrued liabilities 269,250 292,120
Current portion of long-term borrowings and finance lease obligations 50,428 45,895
Total current liabilities 912,557 880,771
Long-term borrowings and finance lease obligations 1,444,696 1,447,553
Deferred income taxes 70,889 90,012
Deferred revenue 176,020 167,008
Operating lease and other long-term liabilities 141,885 158,349
Total liabilities 2,746,047 2,743,693
Redeemable noncontrolling interests 0 6,549
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 73,608,578 and 73,195,055 shares issued at June 30, 2024 and December 31, 2023, respectively 736 733
Additional paid-in capital 1,101,074 1,070,386
Treasury stock, at cost, 13,446,797 and 13,057,298 shares at June 30, 2024 and December 31, 2023, respectively (1,088,426) (1,032,921)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 2,601,974 2,519,313
Accumulated other comprehensive loss (43,529) (15,143)
Stockholders’ equity attributable to Generac Holdings Inc. 2,369,713 2,340,252
Noncontrolling interests 2,806 2,818
Total stockholders' equity 2,372,519 2,343,070
Total liabilities and stockholders’ equity $ 5,118,566 $ 5,093,312