Company: THRM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0000950170-25-098386
Chunk: 0

Company: Gentherm Inc
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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GENTHERM INCORPORATED 

CONSOLIDATED CONDENSED BALANCE SHEETS 

(In thousands, except share data) 

(Unaudited)

     June 30, 2025

     December 31, 2024

     ASSETS

     Current Assets:

     Cash and cash equivalents
      
     $
     128,297

     $
     134,134

     Accounts receivable, net

     294,719

     258,112

     Inventory:

     Raw materials

     130,029

     137,511

     Work in process

     40,466

     19,059

     Finished goods

     77,889

     70,786

     Inventory, net

     248,384

     227,356

     Other current assets

     87,415

     64,413

     Total current assets

     758,815

     684,015

     Property and equipment, net

     262,419

     252,970

     Goodwill

     108,891

     99,603

     Other intangible assets, net

     56,076

     57,251

     Operating lease right-of-use assets

     59,510

     43,954

     Deferred income tax assets

     78,336

     75,041

     Other non-current assets

     37,354

     34,722

     Total assets
      
     $
     1,361,401

     $
     1,247,556

     LIABILITIES AND SHAREHOLDERS’ EQUITY

     Current Liabilities:

     Accounts payable
      
     $
     254,133

     $
     226,815

     Current lease liabilities

     9,913

     7,517

     Current maturities of long-term debt

     146

     137

     Other current liabilities

     112,733

     105,824

     Total current liabilities

     376,925

     340,293

     Long-term debt, less current maturities

     209,000

     220,064

     Non-current lease liabilities

     51,135

     37,052

     Pension benefit obligation

     3,906

     4,017

     Other