Company: CVGI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001628280-25-012913
Chunk: 126

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 126
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 before gain on sale of discontinued operations(8,676)7,126 1,873 Gain on disposition of discontinued operations, net of income taxes28,754 — — Net income from discontinued operations, net of income taxes$20,078 $7,126 $1,873 Twelve Months Ended December 31,202420232022Income (loss) from discontinued operations attributable to Industrial Automation segment:Revenues$16,468 $38,900 $87,747 Cost of revenues17,220 35,707 89,549 Gross profit(752)3,193 (1,802)Selling, general and administrative expenses3,355 4,445 4,748 Operating loss(4,107)(1,252)(6,550)Interest expense248 443 668 Loss before provision for income taxes(4,355)(1,695)(7,218)Provision (benefit) for income taxes of discontinued operations— (347)— Loss from discontinued operations - before loss on sale of discontinued operations(4,355)(1,348)(7,218)Loss on disposition of discontinued operations, net of income taxes(7,856)— — Net loss from discontinued operations, net of income taxes$(12,211)$(1,348)$(7,218)

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The following table presents the major classes of assets and liabilities of the cab structures and Industrial Automation segment as of December 31, 2023 that were classified as held for sale in the accompanying Consolidated Balance Sheet (in thousands).December 31, 2023Account receivable, net$4,603 Inventories10,815 Other current assets185 Current assets held for sale15,603 Property, plant and equipment, net4,545 Intangible assets, net4,628 Non current assets held for sale9,173 Total assets held for sale$24,776 Accounts payable2,068 Accrued liabilities and other224 Current liabilities held-for-sale2,292 Other long-term liabilities31 Noncurrent liabilities held-for-sale31 Total liabilities held for sale$2,323 The following tables present reconciliations of the captions within CVG's Condensed Consolidated Statements of Cash Flows attributable to discontinued operations for the twelve months ended December 31, 2024 and 2023. Net cash provided by operating activities for the twelve months ended