Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 238

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 238
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 of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ ERNST & YOUNG LLP

Detroit, Michigan

February 19, 2025

 F-4

GENTHERM INCORPORATED 

CONSOLIDATED BALANCE SHEETS 

(In thousands, except share data) 

    December 31,

    2024

    2023

    ASSETS

    Current Assets:

    Cash and cash equivalents
     
    $
    134,134

    $
    149,673

    Accounts receivable, net

    258,112

    253,579

    Inventory, net

    227,356

    205,892

    Other current assets

    64,413

    78,420

    Total current assets

    684,015

    687,564

    Property and equipment, net

    252,970

    245,234

    Goodwill

    99,603

    104,073

    Other intangible assets, net

    57,251

    66,482

    Operating lease right-of-use assets

    43,954

    27,358

    Deferred income tax assets

    75,041

    81,930

    Other non-current assets

    34,722

    21,730

    Total assets
     
    $
    1,247,556

    $
    1,234,371

    LIABILITIES AND SHAREHOLDERS’ EQUITY

    Current Liabilities:

    Accounts payable
     
    $
    226,815

    $
    215,827

    Current lease liabilities

    7,517

    7,700

    Current maturities of long-term debt

    137

    621

    Other current liabilities

    105,824

    100,805

    Total current liabilities

    340,293

    324,953

    Long-term debt, less current maturities

    220,064

    222,217

    Non-current lease liabilities

    37,052

    16,175

    Pension benefit obligation

    4,017

    3,209