Company: CVGI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001628280-25-012913
Chunk: 85

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 85
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333 $(16,150)$265,217 $(46,184)$(30,284)$172,932 Issuance of restricted stock489,562 4 — — — — 4 Surrender of common stock by employees(117,701)— (318)— — — (318)Share-based compensation expense— — — 3,900 — — 3,900 Net loss from continuing operations for the period— — — — (35,734)— (35,734)Net income from discontinued operation for the period— — — — 7,867 — 7,867 Total comprehensive loss— — — — — (13,059)(13,059)Balance - December 31, 202433,694,396 $337 $(16,468)$269,117 $(74,051)$(43,343)$135,592 

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

40

COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Years Ended December 31, 2024, 2023 and 2022

202420232022 (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net  income (loss) $(27,867)$49,411 $(21,971)Adjustments to reconcile net income to cash flows from operating activities: Depreciation and amortization17,384 17,630 18,181 Noncash amortization of debt financing costs337 303 350 Pension plan settlement— 2,942 9,202 Shared-based compensation expense3,900 3,846 5,805 Deferred income tax expense (benefit)24,041 (20,699)12,480 Noncash (gain) loss on derivative contracts(1,036)(535)(43)Gain on sale of assets(3,544)— — Loss on extinguishment of debt509 — 921 Settlement of derivative agreement— — 3,900 Loss on sale of Industrial Automation segment7,856 — — Gain on sale of Cab structures business(28,754)— — Change in other operating items:Accounts receivable10,703 18,819 19,