Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 33

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 33
---
 of Common Stock

    (51,585
    )

    (91,094
    )

    —

    Net cash (used in) provided by financing activities

    (51,705
    )

    (106,051
    )

    189,927

    Foreign currency effect

    (19,949
    )

    6,691

    (1,690
    )

    Net decrease in cash and cash equivalents

    (15,539
    )

    (4,218
    )

    (36,715
    )

    Cash and cash equivalents at beginning of period

    149,673

    153,891

    190,606

    Cash and cash equivalents at end of period
     
    $
    134,134

    $
    149,673

    $
    153,891

    Supplemental disclosure of cash flow information:

    Cash paid for taxes
     
    $
    20,837

    $
    23,273

    $
    21,645

    Cash paid for interest

    13,007

    13,242

    6,338

    Non-Cash Investing Activities:

    Period-end balance of accounts payable for property and equipment
     
    $
    5,154

    $
    7,754

    $
    2,526

    Deferred purchase price of receivables factored in the period

    9,276

    13,885

    3,769

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

 F-9

GENTHERM INCORPORATED 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 

(In thousands, except share and per share data)

Note 1 — OverviewGentherm Incorporated, a Michigan corporation, and its consolidated subsidiaries (“Gentherm”, “we”, “us”, “our” or the “Company”) is the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management. Automotive products include variable temperature Climate Control Seats, heated interior systems (including heated seats, steering wheels, armrests and other components), battery performance solutions, cable systems, lumbar and massage comfort solutions, fuel management valve systems and other valve systems, and other electronic devices. Our automotive products can be found on vehicles manufactured by nearly all the major original equipment manufacturers (“O