XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 497,429,804us-gaap_CashAndCashEquivalentsAtCarryingValue $ 309,591,724us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 168,008,704us-gaap_AccountsReceivableNetCurrent 143,046,590us-gaap_AccountsReceivableNetCurrent
Inventories 141,757,884us-gaap_InventoryNet 120,074,164us-gaap_InventoryNet
Prepaid expenses and other 49,441,302us-gaap_PrepaidExpenseAndOtherAssetsCurrent 28,473,764us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 856,637,694us-gaap_AssetsCurrent 601,186,242us-gaap_AssetsCurrent
PLANT AND EQUIPMENT:    
Land, buildings and improvements 231,160,686us-gaap_BuildingsAndImprovementsGross 223,191,567us-gaap_BuildingsAndImprovementsGross
Machinery and equipment 554,425,200us-gaap_MachineryAndEquipmentGross 507,768,233us-gaap_MachineryAndEquipmentGross
Construction-in-process 56,685,789us-gaap_ConstructionInProgressGross 41,481,572us-gaap_ConstructionInProgressGross
Total Plant and Equipment 842,271,675us-gaap_PropertyPlantAndEquipmentGross 772,441,372us-gaap_PropertyPlantAndEquipmentGross
Less- Accumulated depreciation (468,880,683)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (415,420,147)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Net Plant and Equipment 373,390,992us-gaap_PropertyPlantAndEquipmentNet 357,021,225us-gaap_PropertyPlantAndEquipmentNet
OTHER ASSETS:    
Goodwill 307,365,845us-gaap_Goodwill 307,365,845us-gaap_Goodwill
Long-term investments 114,642,567us-gaap_LongTermInvestments 107,005,522us-gaap_LongTermInvestments
Intangible Assets, net 346,875,000us-gaap_IntangibleAssetsNetExcludingGoodwill 366,175,000us-gaap_IntangibleAssetsNetExcludingGoodwill
Patents and other assets, net 23,627,931gntx_PatentsandOtherAssetsNet 25,334,600gntx_PatentsandOtherAssetsNet
Total other assets 792,511,343us-gaap_OtherAssetsNoncurrent 805,880,967us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS 2,022,540,029us-gaap_Assets 1,764,088,434us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable 71,456,983us-gaap_AccountsPayableCurrent 56,510,321us-gaap_AccountsPayableCurrent
Accrued liabilities:    
Salaries, wages and vacation 8,984,609us-gaap_EmployeeRelatedLiabilitiesCurrent 7,770,868us-gaap_EmployeeRelatedLiabilitiesCurrent
Income taxes 768,142us-gaap_AccruedIncomeTaxesCurrent 13,316,102us-gaap_AccruedIncomeTaxesCurrent
Royalties 12,051,121us-gaap_AccruedRoyaltiesCurrent 9,374,449us-gaap_AccruedRoyaltiesCurrent
Dividends declared 23,619,837us-gaap_DividendsPayableCurrent 20,380,923us-gaap_DividendsPayableCurrent
Current portion of long term debt 7,500,000us-gaap_LongTermDebtCurrent 7,500,000us-gaap_LongTermDebtCurrent
Other 9,050,471us-gaap_OtherAccruedLiabilitiesCurrent 5,127,751us-gaap_OtherAccruedLiabilitiesCurrent
Total current liabilities 133,431,163us-gaap_LiabilitiesCurrent 119,980,414us-gaap_LiabilitiesCurrent
LONG TERM DEBT 258,125,000us-gaap_LongTermDebt 265,625,000us-gaap_LongTermDebt
DEFERRED INCOME TAXES 59,571,421us-gaap_DeferredTaxLiabilitiesNoncurrent 50,879,337us-gaap_DeferredTaxLiabilitiesNoncurrent
TOTAL LIABILITIES 451,127,584us-gaap_Liabilities 436,484,751us-gaap_Liabilities
SHAREHOLDERS’ INVESTMENT:    
Preferred stock, no par value, 5,000,000 shares authorized; none issued or outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, par value $.06 per share; 400,000,000 shares authorized; 295,247,958 and 291,156,046 shares issued and outstanding in 2014 and 2013 respectively. 17,714,877us-gaap_CommonStockValue 17,469,362us-gaap_CommonStockValue
Additional paid-in capital 553,836,483us-gaap_AdditionalPaidInCapitalCommonStock 470,131,097us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 988,548,070us-gaap_RetainedEarningsAccumulatedDeficit 818,027,861us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income:    
Unrealized gain on investments 10,868,322us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 19,467,441us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Unrealized gain (loss) on derivatives (959,206)us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax 0us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
Cumulative translation adjustment 1,403,899us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax 2,507,922us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Total shareholders’ investment 1,571,412,445us-gaap_StockholdersEquity 1,327,603,683us-gaap_StockholdersEquity
TOTAL LIABILITES AND SHAREHOLDERS' INVESTMENT $ 2,022,540,029us-gaap_LiabilitiesAndStockholdersEquity $ 1,764,088,434us-gaap_LiabilitiesAndStockholdersEquity