Company: CVGI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022764
Chunk: 2

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 2
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419,823 $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

 Three Months Ended March 31, 20252024(Unaudited) (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net income (loss)$(4,312)$2,939 Adjustments to reconcile net income to cash flows from operating activities from continuing operations:Depreciation and amortization3,578 4,472 Noncash amortization of debt financing costs85 76 Share-based compensation expense770 664 Deferred income taxes(292)(367)Non-cash loss (income) on derivative contracts(273)18 Change in other operating items:Accounts receivable(87)(12,023)Inventories4,258 (460)Prepaid expenses(2,738)(3,925)Accounts payable8,913 13,800 Other operating activities, net5,270 (7,550)Net cash provided by (used in) operating activities15,172 (2,356)CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property, plant and equipment(3,806)(5,059)Proceeds from sale of business— 3,200 Net cash provided by (used in) investing activities(3,806)(1,859)CASH FLOWS FROM FINANCING ACTIVITIES:Repayment of term loan facility— (3,281)Borrowings under revolving credit facility— 17,500 Repayment of revolving credit facility(18,100)— Other financing activities(20)(43)Net cash provided by (used in) financing activities(18,120)14,176 EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH337 (993)NET INCREASE (DECREASE) IN CASH(6,417)8,968 CASH:Beginning of period26,630 37,848 End of period$20,213 $46,816 

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

4

COMMERCIAL VEHICLE GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’