Company: CVGI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051174
Chunk: 2

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 2
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157 8,438 Total current liabilities112,425 125,798 Long-term debt107,264 127,062 Pension and other post-retirement benefits8,765 8,143 Other long-term liabilities35,284 27,978 Total liabilities263,738 288,981 Stockholders’ equity:Preferred stock, $0.01 par value (5,000,000 shares authorized; no shares issued and outstanding)$— $— Common stock, $0.01 par value (60,000,000 shares authorized; 33,960,838 and 33,694,396 shares issued and outstanding respectively)340 337 Treasury stock, at cost: 2,315,473 and 2,252,305 shares, respectively(16,570)(16,468)Additional paid-in capital271,905 269,117 Retained deficit(90,204)(74,051)Accumulated other comprehensive loss(28,944)(43,343)Total stockholders’ equity136,527 135,592 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$400,265 $424,573 

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

3

COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 Nine Months Ended September 30, 20252024(Unaudited) (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net income (loss)$(16,152)$10,852 Adjustments to reconcile net income to cash flows from operating activities from continuing operations:Depreciation and amortization10,965 13,639 Noncash amortization of debt financing costs603 240 Share-based compensation expense2,788 2,978 Deferred income taxes— (3,810)Non-cash (income) on derivative contracts(1,226)(716)Gain on sale of assets— (3,544)Loss on write-down of Industrial automation segment assets— 8,204 Loss on extinguishment of debt460 — Gain on sale of cab structures business— (28,597)Change in other operating items:Accounts receivable30,019 1,890 Inventories6,545 (13,334)Prepaid expenses(791)512