Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 139

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 139
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 segment realignment had no impact on the Company’s consolidated financial position, results of operations, or cash flows. All segment information is reflective of this new structure, and prior period information has been revised to conform to the Company’s current period presentation.The Company’s CODM, the Chairman and Chief Executive Officer, uses segment adjusted EBITDA as the measure of earnings to evaluate the performance of each segment and to allocate resources, including employees, property, plant and equipment, as well as financial and capital resources. The CODM regularly reviews budget-to-actual variances on a monthly basis for segment adjusted EBITDA to assess performance and make resource allocation decisions. The results of each segment include certain allocations for general, administrative and other shared costs. Segment adjusted EBITDA as used by the Company may not be directly comparable to similarly titled measures reported by other companies.The measure of segment assets used by the CODM to evaluate segment performance and allocate resources is reported as total assets on the consolidated balance sheets. While inventory and tooling balances by segment are regularly provided to the CODM, this information is not used as a basis for assessing segment performance or determining resource allocation decisions.The accounting policies of the Company’s segments are consistent with those described in Note 2. “Basis of Presentation and Summary of Significant Accounting Policies.”

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)(Dollar amounts in thousands except per share and share amounts)

Certain financial information on the Company’s reportable segments was as follows:  Year Ended December 31,202420232022Capital expendituresSealing Systems$24,429 $44,512 $34,663 Fluid Handling Systems23,815 34,033 31,580 Total for reportable segments$48,244 $78,545 $66,243 Corporate, eliminations and other2,254 2,198 4,907 Consolidated$50,498 $80,743 $71,150 December 31, 2024December 31, 2023Segment assetsSealing Systems$817,581 $906,022 Fluid Handling Systems667,920 735,465 Total for reportable segments$1,485,501 $1,641,487 Corporate, eliminations and other247,564 230,812 Consolidated$1,733,065 $1,872,299 

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS