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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 214,177 $ 200,994
Accounts receivable, less allowance for credit losses of $34,489 and $33,925 at September 30, 2024 and December 31, 2023, respectively 658,649 537,316
Inventories 1,095,758 1,167,484
Prepaid expenses and other current assets 104,791 91,898
Total current assets 2,073,375 1,997,692
Property and equipment, net 639,733 598,577
Customer lists, net 166,016 184,513
Patents and technology, net 391,841 417,441
Other intangible assets, net 21,419 27,127
Tradenames, net 210,308 216,995
Goodwill 1,454,172 1,432,384
Deferred income taxes 12,179 15,532
Operating lease and other assets 217,896 203,051
Total assets 5,186,939 5,093,312
Current liabilities:    
Short-term borrowings 65,540 81,769
Accounts payable 424,812 340,719
Accrued wages and employee benefits 78,209 54,970
Accrued product warranty 60,377 65,298
Other accrued liabilities 291,360 292,120
Current portion of long-term borrowings and finance lease obligations 99,176 45,895
Total current liabilities 1,019,474 880,771
Long-term borrowings and finance lease obligations 1,360,637 1,447,553
Deferred income taxes 62,260 90,012
Deferred revenue 186,465 167,008
Operating lease and other long-term liabilities 145,641 158,349
Total liabilities 2,774,477 2,743,693
Redeemable noncontrolling interests 0 6,549
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 73,646,420 and 73,195,055 shares issued at September 30, 2024 and December 31, 2023, respectively 736 733
Additional paid-in capital 1,115,525 1,070,386
Treasury stock, at cost, 14,149,513 and 13,057,298 shares at September 30, 2024 and December 31, 2023, respectively (1,192,435) (1,032,921)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 2,715,716 2,519,313
Accumulated other comprehensive loss (27,987) (15,143)
Stockholders’ equity attributable to Generac Holdings Inc. 2,409,439 2,340,252
Noncontrolling interests 3,023 2,818
Total stockholders' equity 2,412,462 2,343,070
Total liabilities and stockholders’ equity $ 5,186,939 $ 5,093,312