Below are the financial statements of Generac Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 4,295.83a | 4,022.67a | 4,564.74a |
| Costs of goods sold | -2,630.21a | -2,657.24a | -3,042.73a |
| Gross profit | 1,665.63a | 1,365.43a | 1,522a |
| Operating expenses | — | — | — |
| Selling and service | -526.45a | -448.2a | -496.26a |
| Research and development | -219.6a | -173.44a | -159.77a |
| General and administrative | -285.1a | -253.4a | -196.32a |
| Amortization of intangibles | -97.74a | -104.19a | -103.32a |
| Total operating expenses | -1,128.88a | -979.23a | -955.67a |
| Income from operations | 536.74a | 386.2a | 566.33a |
| Other (expense) income | — | — | — |
| Interest expense | -89.71a | -97.63a | -54.83a |
| Investment income | 7.61a | 4.27a | 1.13a |
| Change in fair value of investment | -38.01a | 0a | 0a |
| Loss on extinguishment of debt | -4.86a | 0a | -3.74a |
| Other, net | -2.33a | -2.54a | -0.42a |
| Total other expense, net | -127.3a | -95.9a | -57.86a |
| Income before provision for income taxes | 409.44a | 290.3a | 508.47a |
| Provision for income taxes | -92.46a | -73.18a | -99.6a |
| Net income | 316.98a | 217.12a | 408.87a |
| Net income attributable to noncontrolling interests | 0.66a | 2.51a | 9.37a |
| Net income attributable to Generac Holdings Inc. | 316.32a | 214.61a | 399.5a |
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