Company: THRM
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000950170-25-057994
Chunk: 0

Company: Gentherm Inc
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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GENTHERM INCORPORATED 

CONSOLIDATED CONDENSED BALANCE SHEETS 

(In thousands, except share data) 

(Unaudited)

     March 31, 2025

     December 31, 2024

     ASSETS

     Current Assets:

     Cash and cash equivalents
      
     $
     163,142

     $
     134,134

     Accounts receivable, net

     284,241

     258,112

     Inventory:

     Raw materials

     143,275

     137,511

     Work in process

     21,455

     19,059

     Finished goods

     71,258

     70,786

     Inventory, net

     235,988

     227,356

     Other current assets

     80,673

     64,413

     Total current assets

     764,044

     684,015

     Property and equipment, net

     253,169

     252,970

     Goodwill

     102,431

     99,603

     Other intangible assets, net

     56,288

     57,251

     Operating lease right-of-use assets

     57,550

     43,954

     Deferred income tax assets

     75,867

     75,041

     Other non-current assets

     34,897

     34,722

     Total assets
      
     $
     1,344,246

     $
     1,247,556

     LIABILITIES AND SHAREHOLDERS’ EQUITY

     Current Liabilities:

     Accounts payable
      
     $
     243,224

     $
     226,815

     Current lease liabilities

     9,535

     7,517

     Current maturities of long-term debt

     138

     137

     Other current liabilities

     100,333

     105,824

     Total current liabilities

     353,230

     340,293

     Long-term debt, less current maturities

     262,034

     220,064

     Non-current lease liabilities

     50,795

     37,052

     Pension benefit obligation

     3,745

     4,017

     Other