XML 23 R3.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 145,645,715 $ 233,318,766
Short-term investments 5,386,566 22,304,829
Accounts receivable, net 368,517,569 295,344,353
Inventories, net 516,253,617 436,497,445
Prepaid expenses and other 92,631,001 49,862,777
Total current assets 1,128,434,468 1,037,328,170
PLANT AND EQUIPMENT:    
Land, buildings and improvements 591,487,990 531,261,137
Machinery and equipment 1,240,212,788 1,065,109,667
Construction-in-process 83,048,392 177,907,293
Total Plant and Equipment 1,914,749,170 1,774,278,097
Less- Accumulated depreciation (1,123,813,792) (1,045,796,630)
Net Plant and Equipment 790,935,378 728,481,467
OTHER ASSETS:    
Goodwill 357,211,919 340,668,927
Long-term investments 272,975,939 339,604,044
Intangible assets, net 189,341,387 195,157,160
Deferred tax asset 108,338,592 53,154,832
Patents and other assets, net 81,355,151 66,426,375
Total Other Assets 1,009,222,988 995,011,338
TOTAL ASSETS 2,928,592,834 2,760,820,975
CURRENT LIABILITIES:    
Accounts payable 248,983,498 168,314,912
Accrued liabilities:    
Salaries, wages and vacation 23,197,164 19,526,367
Income taxes 846,965 439,545
Royalties 29,358,102 21,087,480
Dividends payable 25,853,403 27,264,897
Short-term debt 3,795,925 0
Other 55,507,912 16,059,475
Total current liabilities 387,542,969 252,692,676
OTHER NON-CURRENT LIABILITIES 49,209,006 36,028,644
DEFERRED INCOME TAXES 908,922 0
TOTAL LIABILITIES 437,660,897 288,721,320
REDEEMABLE NON-CONTROLLING INTEREST 3,102,213 0
SHAREHOLDERS’ INVESTMENT:    
Common stock, par value 0.06 per share; 400,000,000 shares authorized; 215,445,024 and 227,207,472 shares issued and outstanding in 2025 and 2024, respectively. 12,926,701 13,632,448
Additional paid-in capital 1,008,589,267 1,010,440,420
Retained earnings 1,466,046,002 1,450,287,128
Accumulated other comprehensive income (loss):    
Unrealized income (loss) on investments, net 1,347,044 (591,605)
Unrealized loss on derivatives (768,985) 0
Cumulative translation adjustment (310,305) (5,817,736)
TOTAL GENTEX CORPORATION SHAREHOLDERS' INVESTMENT 2,487,829,724 2,467,950,655
Non-controlling Interest 0 4,149,000
TOTAL SHAREHOLDERS' INVESTMENT 2,487,829,724 2,472,099,655
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND SHAREHOLDERS' INVESTMENT $ 2,928,592,834 $ 2,760,820,975