Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 89

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 89
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 an integral part of these consolidated financial statements.

47

COOPER-STANDARD HOLDINGS INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollar amounts in thousands) Year Ended December 31, 202420232022Operating activities:Net loss$(78,130)$(203,316)$(217,791)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Depreciation97,053 103,127 115,761 Amortization of intangibles6,512 6,804 6,715 Gain on sale of businesses, net(1,971)(586)— Gain on sale of buildings and land, net(3,317)— (33,391)Impairment charges713 4,768 43,710 Pension settlement and curtailment charges44,553 16,035 2,682 Share-based compensation expense9,161 7,718 3,259 Equity in (earnings) losses of affiliates, net of dividends related to earnings(3,246)(982)12,450 Loss on refinancing and extinguishment of debt— 81,885 — Payment-in-kind interest12,367 58,808 — Deferred income taxes(45,466)(5,813)5,653 Other5,291 4,838 (10,887)Changes in operating assets and liabilities:Accounts and tooling receivable67,761 (12,333)(65,712)Inventories(3,125)6,412 (2,221)Prepaid expenses1,119 2,924 (5,658)Income tax receivable and refundable credits(836)2,603 68,251 Accounts payable(18,440)6,743 20,591 Payroll and accrued liabilities(19,968)16,924 46,177 Other6,338 20,718 (25,739)Net cash provided by (used in) operating activities76,369 117,277 (36,150)Investing activities:Capital expenditures(50,498)(80,743)(71,150)Proceeds from sale of businesses, net of cash divested763 15,351 — Proceeds from sale of fixed assets4,328 — 53,288 Other287 424 (30)Net cash used in investing