v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 265,530 $ 341,413
Accounts receivable, less allowance for credit losses of $33,283 and $34,504 at March 31, 2026 and December 31, 2025, respectively 626,584 602,739
Inventories 1,251,793 1,248,867
Prepaid expenses and other current assets 305,061 269,459
Total current assets 2,448,968 2,462,478
Property and equipment, net 819,624 813,605
Customer lists, net 137,082 127,517
Patents and technology, net 330,136 338,308
Other intangible assets, net 7,796 10,011
Tradenames, net 213,664 199,430
Goodwill 1,486,807 1,467,094
Deferred income taxes 38,210 41,949
Operating lease and other assets 110,976 113,287
Total assets 5,593,263 5,573,679
Current liabilities:    
Short-term borrowings 43,950 50,618
Accounts payable 462,822 436,583
Accrued wages and employee benefits 55,571 69,850
Accrued product warranty 41,622 44,716
Other accrued liabilities 577,427 591,387
Current portion of long-term borrowings and finance lease obligations 26,390 22,192
Total current liabilities 1,207,782 1,215,346
Long-term borrowings and finance lease obligations 1,253,537 1,260,256
Deferred income taxes 56,786 60,913
Deferred revenue 236,504 232,921
Operating lease and other long-term liabilities 163,354 165,197
Total liabilities 2,917,963 2,934,633
Redeemable non-controlling interest 602 742
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 74,218,726 and 74,050,753 shares issued at March 31, 2026 and December 31, 2025, respectively 742 741
Additional paid-in capital 1,195,494 1,187,419
Treasury stock, at cost, 15,464,527 and 15,373,990 shares at March 31, 2026 and December 31, 2025, respectively (1,378,708) (1,358,053)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 3,076,810 3,003,557
Accumulated other comprehensive (loss) income (17,530) 874
Stockholders’ equity attributable to Generac Holdings Inc. 2,674,692 2,632,422
Noncontrolling interests 6 5,882
Total stockholders' equity 2,674,698 2,638,304
Total liabilities and stockholders’ equity $ 5,593,263 $ 5,573,679