Gentex Corp
NASDAQ:GNTX
Income Statement
Earnings Waterfall
Gentex Corp
Revenue
|
2.3B
USD
|
Cost of Revenue
|
-1.5B
USD
|
Gross Profit
|
762.6m
USD
|
Operating Expenses
|
-266.9m
USD
|
Operating Income
|
495.7m
USD
|
Other Expenses
|
-73.7m
USD
|
Net Income
|
422.1m
USD
|
Income Statement
Gentex Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 172
N/A
|
1 238
+6%
|
1 290
+4%
|
1 352
+5%
|
1 376
+2%
|
1 409
+2%
|
1 450
+3%
|
1 488
+3%
|
1 544
+4%
|
1 580
+2%
|
1 625
+3%
|
1 665
+2%
|
1 679
+1%
|
1 727
+3%
|
1 746
+1%
|
1 755
+1%
|
1 795
+2%
|
1 807
+1%
|
1 819
+1%
|
1 840
+1%
|
1 834
0%
|
1 837
+0%
|
1 851
+1%
|
1 869
+1%
|
1 859
-1%
|
1 844
-1%
|
1 605
-13%
|
1 602
0%
|
1 688
+5%
|
1 718
+2%
|
1 916
+12%
|
1 841
-4%
|
1 731
-6%
|
1 716
-1%
|
1 751
+2%
|
1 845
+5%
|
1 919
+4%
|
2 001
+4%
|
2 122
+6%
|
2 204
+4%
|
2 299
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(741)
|
(770)
|
(789)
|
(819)
|
(837)
|
(858)
|
(888)
|
(913)
|
(940)
|
(961)
|
(984)
|
(1 002)
|
(1 011)
|
(1 041)
|
(1 060)
|
(1 072)
|
(1 100)
|
(1 115)
|
(1 122)
|
(1 142)
|
(1 144)
|
(1 150)
|
(1 160)
|
(1 170)
|
(1 171)
|
(1 169)
|
(1 059)
|
(1 048)
|
(1 079)
|
(1 082)
|
(1 176)
|
(1 149)
|
(1 112)
|
(1 119)
|
(1 158)
|
(1 245)
|
(1 309)
|
(1 377)
|
(1 453)
|
(1 491)
|
(1 537)
|
|
Gross Profit |
431
N/A
|
469
+9%
|
500
+7%
|
533
+7%
|
539
+1%
|
551
+2%
|
562
+2%
|
575
+2%
|
604
+5%
|
619
+3%
|
641
+3%
|
663
+3%
|
669
+1%
|
686
+3%
|
686
+0%
|
683
0%
|
695
+2%
|
691
0%
|
697
+1%
|
699
+0%
|
691
-1%
|
687
0%
|
691
+1%
|
698
+1%
|
688
-1%
|
675
-2%
|
547
-19%
|
555
+1%
|
609
+10%
|
636
+4%
|
740
+16%
|
693
-6%
|
620
-11%
|
597
-4%
|
594
-1%
|
600
+1%
|
610
+2%
|
624
+2%
|
669
+7%
|
713
+7%
|
763
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(126)
|
(131)
|
(134)
|
(137)
|
(140)
|
(141)
|
(144)
|
(145)
|
(145)
|
(148)
|
(148)
|
(152)
|
(157)
|
(160)
|
(164)
|
(166)
|
(171)
|
(174)
|
(179)
|
(182)
|
(182)
|
(186)
|
(189)
|
(195)
|
(200)
|
(203)
|
(200)
|
(198)
|
(201)
|
(208)
|
(205)
|
(208)
|
(210)
|
(218)
|
(228)
|
(236)
|
(240)
|
(244)
|
(247)
|
(256)
|
(267)
|
|
Selling, General & Administrative |
(50)
|
(52)
|
(54)
|
(55)
|
(56)
|
(56)
|
(57)
|
(57)
|
(57)
|
(58)
|
(58)
|
(59)
|
(63)
|
(64)
|
(65)
|
(66)
|
(71)
|
(73)
|
(76)
|
(77)
|
(75)
|
(77)
|
(79)
|
(83)
|
(85)
|
(87)
|
(87)
|
(86)
|
(88)
|
(88)
|
(91)
|
(92)
|
(92)
|
(95)
|
(103)
|
(106)
|
(107)
|
(108)
|
(106)
|
(108)
|
(113)
|
|
Research & Development |
(77)
|
(78)
|
(80)
|
(82)
|
(84)
|
(85)
|
(87)
|
(87)
|
(88)
|
(90)
|
(91)
|
(93)
|
(94)
|
(96)
|
(99)
|
(100)
|
(100)
|
(101)
|
(103)
|
(105)
|
(107)
|
(109)
|
(110)
|
(113)
|
(115)
|
(116)
|
(114)
|
(112)
|
(113)
|
(111)
|
(114)
|
(116)
|
(118)
|
(122)
|
(126)
|
(130)
|
(133)
|
(136)
|
(141)
|
(148)
|
(154)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
305
N/A
|
338
+11%
|
366
+8%
|
396
+8%
|
399
+1%
|
409
+3%
|
418
+2%
|
431
+3%
|
459
+7%
|
472
+3%
|
493
+4%
|
510
+4%
|
512
+0%
|
525
+3%
|
522
-1%
|
517
-1%
|
523
+1%
|
518
-1%
|
518
+0%
|
517
0%
|
508
-2%
|
501
-1%
|
502
+0%
|
503
+0%
|
489
-3%
|
472
-3%
|
346
-27%
|
357
+3%
|
408
+14%
|
428
+5%
|
535
+25%
|
484
-9%
|
410
-15%
|
379
-7%
|
365
-4%
|
364
0%
|
370
+2%
|
380
+3%
|
422
+11%
|
457
+8%
|
496
+8%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
7
|
6
|
5
|
4
|
3
|
3
|
3
|
3
|
1
|
1
|
1
|
2
|
1
|
2
|
3
|
4
|
6
|
7
|
9
|
11
|
11
|
12
|
12
|
12
|
11
|
10
|
9
|
8
|
6
|
5
|
5
|
4
|
4
|
3
|
3
|
4
|
5
|
7
|
9
|
11
|
13
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
17
|
20
|
22
|
16
|
14
|
10
|
6
|
5
|
4
|
2
|
(1)
|
(2)
|
(3)
|
(1)
|
1
|
1
|
2
|
4
|
3
|
2
|
4
|
2
|
2
|
2
|
1
|
1
|
2
|
4
|
6
|
6
|
6
|
4
|
3
|
2
|
(1)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
|
Pre-Tax Income |
328
N/A
|
364
+11%
|
392
+8%
|
415
+6%
|
415
0%
|
422
+2%
|
427
+1%
|
439
+3%
|
464
+6%
|
475
+2%
|
492
+4%
|
510
+4%
|
511
+0%
|
526
+3%
|
526
+0%
|
523
-1%
|
532
+2%
|
529
-1%
|
530
+0%
|
530
0%
|
522
-1%
|
515
-1%
|
517
+0%
|
518
+0%
|
500
-3%
|
483
-4%
|
349
-28%
|
360
+3%
|
412
+14%
|
440
+7%
|
546
+24%
|
493
-10%
|
416
-15%
|
384
-8%
|
367
-4%
|
364
-1%
|
370
+2%
|
383
+3%
|
426
+11%
|
465
+9%
|
505
+9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(105)
|
(118)
|
(122)
|
(128)
|
(127)
|
(125)
|
(132)
|
(138)
|
(145)
|
(153)
|
(158)
|
(163)
|
(163)
|
(161)
|
(159)
|
(158)
|
(88)
|
(71)
|
(52)
|
(30)
|
(84)
|
(84)
|
(86)
|
(86)
|
(76)
|
(73)
|
(50)
|
(56)
|
(64)
|
(68)
|
(85)
|
(73)
|
(56)
|
(50)
|
(47)
|
(47)
|
(51)
|
(54)
|
(61)
|
(67)
|
(77)
|
|
Income from Continuing Operations |
223
|
246
|
271
|
288
|
289
|
297
|
295
|
301
|
319
|
322
|
334
|
347
|
348
|
365
|
367
|
365
|
444
|
458
|
478
|
499
|
438
|
431
|
431
|
432
|
425
|
410
|
299
|
304
|
348
|
372
|
460
|
420
|
361
|
335
|
321
|
317
|
319
|
329
|
366
|
398
|
428
|
|
Net Income (Common) |
223
N/A
|
246
+10%
|
271
+10%
|
288
+6%
|
289
+0%
|
297
+3%
|
295
-1%
|
301
+2%
|
319
+6%
|
322
+1%
|
334
+4%
|
347
+4%
|
348
+0%
|
365
+5%
|
367
+1%
|
365
-1%
|
407
+11%
|
420
+3%
|
441
+5%
|
462
+5%
|
438
-5%
|
430
-2%
|
429
0%
|
428
0%
|
420
-2%
|
405
-3%
|
295
-27%
|
300
+2%
|
343
+14%
|
366
+7%
|
454
+24%
|
414
-9%
|
355
-14%
|
330
-7%
|
316
-4%
|
312
-1%
|
314
+1%
|
324
+3%
|
360
+11%
|
392
+9%
|
422
+8%
|
|
EPS (Diluted) |
0.77
N/A
|
0.84
+9%
|
0.92
+10%
|
0.98
+7%
|
0.98
N/A
|
1.01
+3%
|
1
-1%
|
1.02
+2%
|
1.08
+6%
|
1.1
+2%
|
1.15
+5%
|
1.2
+4%
|
1.19
-1%
|
1.25
+5%
|
1.26
+1%
|
1.27
+1%
|
1.41
+11%
|
1.52
+8%
|
1.6
+5%
|
1.72
+7%
|
1.62
-6%
|
1.67
+3%
|
1.69
+1%
|
1.68
-1%
|
1.66
-1%
|
1.66
N/A
|
1.18
-29%
|
1.22
+3%
|
1.41
+16%
|
1.52
+8%
|
1.92
+26%
|
1.76
-8%
|
1.5
-15%
|
1.42
-5%
|
1.36
-4%
|
1.35
-1%
|
1.36
+1%
|
1.41
+4%
|
1.54
+9%
|
1.71
+11%
|
1.84
+8%
|