Company: THRM
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001193125-25-248864
Chunk: 0

Company: Gentherm Inc
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
GENTHERM INCORPORATED 

CONSOLIDATED CONDENSED BALANCE SHEETS 

(In thousands, except share data) 

(Unaudited)

     September 30, 2025

     December 31, 2024

     ASSETS

     Current Assets:

     Cash and cash equivalents
      
     $
     154,250

     $
     134,134

     Accounts receivable, net

     291,293

     258,112

     Inventory:

     Raw materials

     136,014

     137,511

     Work in process

     35,040

     19,059

     Finished goods

     82,199

     70,786

     Inventory, net

     253,253

     227,356

     Other current assets

     87,096

     64,413

     Total current assets

     785,892

     684,015

     Property and equipment, net

     256,948

     252,970

     Goodwill

     108,730

     99,603

     Other intangible assets, net

     54,291

     57,251

     Operating lease right-of-use assets

     58,662

     43,954

     Deferred income tax assets

     78,302

     75,041

     Other non-current assets

     38,510

     34,722

     Total assets
      
     $
     1,381,335

     $
     1,247,556

     LIABILITIES AND SHAREHOLDERS’ EQUITY

     Current Liabilities:

     Accounts payable
      
     $
     263,600

     $
     226,815

     Current lease liabilities

     10,181

     7,517

     Current maturities of long-term debt

     109

     137

     Other current liabilities

     126,435

     105,824

     Total current liabilities

     400,325

     340,293

     Long-term debt, less current maturities

     189,000

     220,064

     Non-current lease liabilities

     49,678

     37,052

     Pension benefit obligation

     3,880

     4,017

     Other