Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 78

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 78
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 of buildings and land, net (4)(3,317)— (33,391)Indirect tax adjustments (5)— — 1,409 Loss on refinancing and extinguishment of debt (6)— 81,885 — Pension settlement and curtailment charges (7)44,553 16,035 2,682 Adjusted EBITDA$180,689 $167,076 $37,868 

(1)Loss attributable to deconsolidation of a joint venture in the Asia Pacific region, which required adjustment to fair value.

(2)Non-cash impairment charges in 2024 related to idle assets in certain locations in Asia Pacific. Non-cash impairment charges in 2023 related to certain assets in Europe and Asia Pacific. Non-cash impairment charges in 2022 related to operating performance and idle assets in certain locations in North America, Europe and Asia Pacific.

(3)Gain on sale of businesses related to divestitures in 2024 and 2023.

(4)In 2024, the Company recognized a gain on the sale of building and land related to a Canadian facility. In 2022, the Company recognized a gain on a sale-leaseback agreement on one of its European facilities.

(5)Impact of indirect tax adjustments in 2022.

(6)Loss on refinancing and extinguishment of debt related to refinancing transactions in 2023.

(7)Non-cash net pension settlement and curtailment charges and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. 

Recent Accounting Pronouncements

See Note 3. “New Accounting Pronouncements” to the consolidated financial statements included in Item 8. “Financial Statements and Supplementary Data” of this Report for additional information.