← GENCOR INDUSTRIES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $7.0m $8.4m $12.6m $10.2m $5.5m $5.8m ($372k) $14.7m $14.6m $15.7m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — $12.6m $10.2m $5.5m $5.8m $372k $14.7m $14.6m $15.7m
Depreciation, Depletion and Amortization $1.4m $1.1m $1.4m $1.6m $1.6m $2.6m $2.8m $2.8m $2.6m $2.4m
Deferred Income Tax Expense (Benefit) $1.6m $1.3m $757k $183k ($2.6m) ($352k) ($3.3m) ($320k) $1.1m ($553k)
Deferred income taxes $1.6m $1.3m $757k $732k ($2.6m) ($451k) ($3.3m) ($274k) ($81k) ($1.2m)
Share-based Payment Arrangement, Noncash Expense $37k $71k $71k $71k $71k — — — — —
Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss — — — — — — — ($4.3m) $3.6m $1.8m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($65k) ($7k) ($3k) ($4k) — — — ($157k) ($12k) $0
Income Tax Expense (Benefit) $2.4m $3.8m $2.3m $2.6m $1.1m $829k ($1.3m) $4.1m $6.2m $4.5m
Operating Lease, Expense — — — — $28k $440k $425k $429k $432k $449k
Other Nonoperating Income (Expense) $2k ($5k) $2k — ($16k) $0 ($156k) $0 ($13k) $8k
Right-of-use assets obtained in exchange for operating lease liabilities — — — — — — — $352k $361k $370k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $341k $189k $19k $785k $439k $680k $568k ($239k) ($487k) $1.2m
Increase (Decrease) in Inventories ($1.1m) $5.1m $1.5m $3.5m $1.7m $4.4m $13.9m $15.7m ($7.8m) ($10.3m)
Increase (Decrease) in Accounts Payable ($86k) ($123k) $518k $69k ($179k) $1.4m $1.1m ($982k) ($1.3m) ($159k)
Inventory Write-down — $120k $315k ($147k) ($484k) ($575k) ($171k) ($526k) ($316k) ($426k)
Marketable Securities, Unrealized Gain (Loss) — — — — — — — ($4.3m) $2.4m $1.3m
Nonoperating Income (Expense) $1.6m $1.9m $1.2m $3.4m $1.1m $5.9m ($5.9m) $5.4m $7.0m $6.2m
Operating Expenses — $10.9m $12.9m $12.9m $13.4m $17.5m $16.4m $15.6m $17.6m $17.7m
Proceeds from Stock Options Exercised $380k $223k $626k $231k $103k $264k — — — —
Revenue from Contract with Customer, Including Assessed Tax — — $98.6m $81.3m $77.4m $85.3m $103.5m $105.1m $113.2m $115.4m
Unrealized gain on marketable securities — — — — — — — ($4.3m) ($2.4m) ($1.3m)
Unrecognized tax benefits — — — — — — — $45k $1.2m $607k
Provision for credit losses $105k $115k $210k $175k $50k $50k $194k $290k $0 $50k
Loss on disposal of assets $65k $7k $3k $4k — — — $157k $12k $0
Accounts receivable ($341k) ($189k) ($19k) ($785k) ($439k) ($680k) ($568k) $239k $487k ($1.2m)
Contract assets — — — — — — — $610k ($7.8m) ($2.9m)
Marketable securities — — — — — — — $9.4m ($3.3m) ($18.5m)
Inventories $1.1m ($5.1m) ($1.5m) ($3.5m) ($1.7m) ($4.4m) ($13.9m) ($15.7m) $7.8m $10.3m
Prepaid expenses ($781k) ($62k) ($244k) $849k ($690k) ($1.0m) ($467k) $500k ($183k) $953k
Accounts payable ($86k) ($123k) $518k $69k ($179k) $1.4m $1.1m ($982k) ($1.3m) ($159k)
Customer deposits $66k $4.1m ($4.1m) ($2.6m) $1.9m $1.4m $620k $951k ($1.8m) ($1.1m)
Accrued expenses and other — — — — — $139k ($758k) $1.9m ($498k) ($514k)
Cash used in investing activities — ($1.6m) ($3.5m) ($2.1m) ($1.6m) ($16.4m) ($4.5m) ($2.7m) ($840k) ($2.0m)
Beginning of year $11.2m $18.2m $8.0m $10.3m $35.6m $23.2m $9.6m $17.0m $25.5m $26.6m
Total adjustments ($50k) ($2.3m) ($9.6m) ($6.0m) $21.2m ($2.0m) ($8.8m) ($4.5m) ($5.3m) ($12.6m)
Net Cash Provided by (Used in) Operating Activities $7.0m $6.1m ($12.0m) $4.2m $26.8m $3.8m ($9.1m) $10.2m $9.3m $3.1m
Cash flows from investing activities:
Capital expenditures ($306k) ($1.6m) ($3.5m) ($2.1m) ($1.6m) ($2.7m) ($4.5m) ($2.7m) ($840k) ($2.0m)
Payments to Acquire Businesses, Net of Cash Acquired — — — — — $13.8m — — — —
Net Cash Provided by (Used in) Investing Activities — ($1.6m) ($3.5m) ($2.1m) ($1.6m) ($16.4m) ($4.5m) ($2.7m) ($840k) ($2.0m)
Cash flows from financing activities:
Net Cash Provided by (Used in) Financing Activities — — $626k $231k $103k $264k — — — —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($14.9m) $2.3m $25.3m ($12.4m) ($13.7m) $7.5m $8.5m $1.1m
Net increase in cash and cash equivalents — $4.7m ($14.9m) $2.3m $25.3m ($12.4m) ($13.7m) $7.5m $8.5m $1.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $8.0m $10.3m $35.6m $23.2m $9.6m $17.0m $25.5m $26.6m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.