Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 2

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 2
---
 current liabilities125,702 125,798 Long-term debt117,204 127,062 Pension and other post-retirement benefits8,960 8,143 Other long-term liabilities35,293 27,978 Total liabilities287,159 288,981 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; 33,882,848 and 33,694,396 shares issued and outstanding respectively)339 337 Treasury stock, at cost: 2,261,544 and 2,252,305 shares, respectively(16,479)(16,468)Additional paid-in capital270,868 269,117 Retained deficit(83,124)(74,051)Accumulated other comprehensive loss(28,969)(43,343)Total stockholders’ equity142,635 135,592 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$429,794 $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

 Six Months Ended June 30, 20252024(Unaudited) (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net income (loss)$(9,073)$1,338 Adjustments to reconcile net income to cash flows from operating activities from continuing operations:Depreciation and amortization7,235 8,974 Noncash amortization of debt financing costs142 151 Share-based compensation expense1,751 2,013 Deferred income taxes— 121 Non-cash (income) on derivative contracts(820)(475)Loss on extinguishment of debt460 — Change in other operating items:Accounts receivable13,396 (5,555)Inventories12,636 (5,456)Prepaid expenses(3,146)(3,688)Accounts payable2,096 24,414 Other operating activities, net9,364 (11,605)Net cash provided by operating activities34,041 10,232 CASH FLOWS FROM INVESTING