For the year ending 2025-12-31, GNRC had $60,136K increase in cash & cash equivalents over the period. $268,128K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 161,354 | 316,978 | 217,120 | 408,870 |
| Depreciation and finance lease amortization | 93,328 | 74,025 | 62,408 | 52,821 |
| Amortization of intangible assets | 101,507 | 97,743 | 104,194 | 103,320 |
| Amortization of deferred financing costs and original issue discount | 2,380 | 3,242 | 3,885 | 3,234 |
| Change in fair value of investments | -20,610 | -38,006 | - | - |
| Loss on refinancing of debt | -1,225 | -4,861 | 0 | -3,743 |
| Deferred income tax expense (benefit) | 15,080 | -60,615 | -34,478 | -95,465 |
| Share-based compensation expense | 49,947 | 49,248 | 35,492 | 29,481 |
| Loss (gain) on disposal of assets | 688 | -138 | 285 | 592 |
| Loss attributable to the disposition of a business | -3,905 | - | - | - |
| Other noncash charges | -2,857 | -5,780 | -5,922 | -18,339 |
| Excess tax benefits from equity awards | 404 | 5,069 | 977 | 16,910 |
| Accounts receivable | -45,637 | 82,816 | 18,272 | -6,547 |
| Inventories | 163,117 | -122,952 | -262,670 | 319,274 |
| Other assets | 40,109 | -546 | -24,266 | -4,766 |
| Accounts payable | -40,701 | 123,571 | -120,900 | -223,031 |
| Accrued wages and employee benefits | -13,555 | 26,870 | 7,962 | -27,369 |
| Other accrued liabilities | 198,722 | 25,841 | -27,337 | 110,036 |
| Net cash provided by operating activities | 437,978 | 741,301 | 521,670 | 58,516 |
| Proceeds from sale of property and equipment | 3,078 | 211 | 2,896 | 2,077 |
| Proceeds from beneficial interest in securitization transactions | 0 | 0 | 3,294 | 3,566 |
| Contribution to tax equity investment | 0 | 1,629 | 6,627 | 14,930 |
| Purchase of long-term investments | 3,035 | 37,821 | 32,592 | 15,000 |
| Proceeds from sale of long-term investments | 0 | 2,000 | 0 | 1,308 |
| Expenditures for property and equipment | 169,850 | 136,733 | 129,060 | 86,188 |
| Acquisition of businesses, net of cash acquired | 762 | 34,740 | 15,974 | 25,065 |
| Other investing activities | 2,335 | - | - | - |
| Net cash used in investing activities | -172,904 | -208,712 | -178,063 | -134,232 |
| Proceeds from short-term borrowings | 36,402 | 29,219 | 64,257 | 248,209 |
| Proceeds from long-term borrowings | 132,826 | 541,475 | 348,827 | 1,026,284 |
| Repayments of short-term borrowings | 48,211 | 54,548 | 37,104 | 268,133 |
| Repayments of long-term borrowings and finance lease obligations | 168,503 | 794,600 | 288,699 | 542,191 |
| Stock repurchases | 147,917 | 152,743 | 251,513 | 345,840 |
| Payment of debt issuance costs | 5,275 | 3,616 | 0 | 10,330 |
| Payment of contingent acquisition consideration | 2,700 | 0 | 4,979 | 16,135 |
| Payment of deferred acquisition consideration | 603 | 7,421 | - | - |
| Contributions received from noncontrolling interest in subsidiary | 979 | - | - | - |
| Dividends paid to noncontrolling interest of subsidiary | 293 | 273 | 0 | 309 |
| Purchase of additional ownership interest | 0 | 9,117 | 104,844 | 375 |
| Taxes paid related to equity awards | 14,284 | 24,769 | 10,897 | 40,923 |
| Proceeds from the exercise of stock options | 4,860 | 27,558 | 7,815 | 13,786 |
| Net cash used in financing activities | -212,719 | -448,835 | -277,137 | 64,043 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 7,781 | -3,471 | 1,801 | -2,943 |
| Net increase in cash and cash equivalents | 60,136 | 80,283 | 68,271 | -14,616 |
| Cash and cash equivalents at beginning of period | 281,277 | 200,994 | 132,723 | 147,339 |
| Cash and cash equivalents at end of period | 341,413 | 281,277 | 200,994 | 132,723 |
GENERAC HOLDINGS INC. (GNRC)
GENERAC HOLDINGS INC. (GNRC)