Company: CPS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001320461-25-000087
Chunk: 16

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands except share amounts)

March 31, 2025December 31, 2024 (unaudited)AssetsCurrent assets:Cash and cash equivalents$140,368 $170,035 Accounts receivable, net357,489 310,738 Tooling receivable, net71,603 69,204 Inventories172,957 142,401 Prepaid expenses25,189 25,833 Value added tax receivable55,772 45,120 Other current assets55,867 41,925 Total current assets879,245 805,256 Property, plant and equipment, net531,991 539,201 Operating lease right-of-use assets, net87,721 87,292 Goodwill140,445 140,443 Intangible assets, net33,374 33,805 Other assets127,306 127,068 Total assets$1,800,082 $1,733,065 Liabilities and EquityCurrent liabilities:Debt payable within one year$42,501 $42,428 Accounts payable348,475 295,178 Payroll liabilities95,844 103,701 Accrued interest32,077 5,115 Accrued liabilities99,043 111,502 Current operating lease liabilities19,173 18,859 Total current liabilities637,113 576,783 Long-term debt1,058,460 1,057,839 Pension benefits92,494 89,253 Postretirement benefits other than pensions26,015 26,336 Long-term operating lease liabilities71,740 71,907 Other liabilities36,562 44,317 Total liabilities1,922,384 1,866,435 Equity:Common stock, $0.001 par value, 190,000,000 shares authorized; 19,613,956 shares issued and 17,548,147 shares outstanding as of March 31, 2025, and 19,392,340 shares issued and 17,326,531 shares outstanding as of December 31, 202417 17 Additional paid-in capital518,088 518,208 Retained deficit(469,010)(470,562)Accumulated other comprehensive loss(163,803)(173,432)Total Cooper-Standard