Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 23

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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, 202417,318,907 17 514,905 (499,719)(168,276)(153,073)(7,832)(160,905)

The accompanying notes are an integral part of these financial statements.

6

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) 

(Dollar amounts in thousands)

 Six Months Ended June 30, 20252024Operating activities:Net income (loss)$129 $(107,491)Adjustments to reconcile net income (loss) to net cash used in operating activities:Depreciation45,027 49,070 Amortization of intangibles3,322 3,266 Pension settlement charge— 46,787 Share-based compensation expense5,481 4,862 Equity in earnings of affiliates, net of dividends related to earnings(1,515)(1,995)Payment-in-kind interest— 12,367 Deferred income taxes2,496 915 Other2,448 2,601 Changes in operating assets and liabilities(87,819)(36,594)Net cash used in operating activities(30,431)(26,212)Investing activities:Capital expenditures(25,315)(28,077)Proceeds from sale of businesses2,558 — Other— 242 Net cash used in investing activities(22,757)(27,835)Financing activities:Principal payments on long-term debt(1,412)(1,255)Decrease in short-term debt, net(1,259)(264)Debt issuance costs and other fees— (1,403)Taxes withheld and paid on employees' share-based payment awards(1,686)(571)Net cash used in financing activities(4,357)(3,493)Effects of exchange rate changes on cash, cash equivalents and restricted cash6,419 (4,580)Changes in cash, cash equivalents and restricted cash(51,126)(62,120)Cash, cash equivalents and restricted cash at beginning of period178,697 163,061 Cash, cash equivalents and restricted cash at end of period$127,571 $100,941 Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:Balance as ofJune 30, 2025December 31, 2024Cash and cash equivalents$121,620 $170,035