Below are the financial statements of Gentex, 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 |
|---|---|---|
| Current assets | — | — |
| Cash and cash equivalents | 233.32b | 226.44b |
| Short-term investments | 22.3b | 14.36b |
| Accounts receivable, net | 295.34b | 321.81b |
| Inventories, net | 436.5b | 402.47b |
| Prepaid expenses and other | 49.86b | 32.66b |
| Total current assets | 1,037.33b | 997.74b |
| Plant and equipment | — | — |
| Land, buildings and improvements | 531.26b | 472.11b |
| Machinery and equipment | 1,065.11b | 1,011.93b |
| Construction-in-process | 177.91b | 158.33b |
| Total plant and equipment | 1,774.28b | 1,642.37b |
| Less - accumulated depreciation | -1,045.8b | -989.49b |
| Net plant and equipment | 728.48b | 652.88b |
| Other assets | — | — |
| Goodwill | 340.67b | 340.11b |
| Long-term investments | 339.6b | 299.08b |
| Intangible assets, net | 195.16b | 214.01b |
| Deferred tax asset | 53.15b | 41.11b |
| Patents and other assets, net | 66.43b | 66.52b |
| Total other assets | 995.01b | 960.82b |
| Total assets | 2,760.82b | 2,611.44b |
| Current liabilities | — | — |
| Accounts payable | 168.31b | 184.4b |
| Accrued liabilities | — | — |
| Salaries, wages and vacation | 19.53b | 22.73b |
| Income taxes | 0.44b | 0.69b |
| Royalties | 21.09b | 20.9b |
| Dividends payable | 27.26b | 27.77b |
| Other | 16.06b | 15.12b |
| Total current liabilities | 252.69b | 271.61b |
| Liabilities and shareholders’ investment | — | — |
| Other non-current liabilities | 36.03b | 27.31b |
| Total liabilities | 288.72b | 298.92b |
| Shareholders’ investment | — | — |
| Common stock | 13.63b | 13.89b |
| Additional paid-in capital | 1,010.44b | 968.25b |
| Retained earnings | 1,450.29b | 1,336.94b |
| Accumulated other comprehensive (loss) income | — | — |
| Unrealized loss on investments, net | -0.59b | -2.02b |
| Cumulative translation adjustment | -5.82b | -4.53b |
| Total Gentex Corporation shareholders’ investment | 2,467.95b | 2,312.52b |
| Non-controlling interest | 4.15b | 0b |
| Total liabilities and shareholders’ investment | 2,760.82b | 2,611.44b |
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