Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 160

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 160
---
11,416
    )

    Cash and cash equivalents at the beginning of the period

    201,606

    213,022

    Cash and cash equivalents at the end of the period
     
    $
    40,110

    $
    201,606

    Supplemental Cash Flow Information

    Cash paid during the period for interest
     
    $
    62,722

    $
    62,259

    Cash paid during the period for taxes, net of refunds
     
    $
    16,196

    $
    14,479

    Non-cash Investing Activities

    Period end balance of accounts payable for property, plant, and equipment
     
    $
    3,760

    $
    4,418

    Non-cash Financing Activities

    Debt modification
     
    $
    169,683

    $
    —

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

42

SUPERIOR INDUSTRIES INTERNATIONAL, INC. 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

December 31, 2024

(in thousands, except share or per share amounts, or as otherwise noted)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESNature of OperationsThe principal business of Superior Industries International, Inc. (referred herein as the “Company” or “Superior”) is the design and manufacture of aluminum wheels for sale to original equipment manufacturers (“OEMs”) in North America and Europe, and to the aftermarket in Europe. The Company’s aluminum wheels are primarily sold to OEMs for factory installation on new light vehicles. Aluminum wheels sold in the European aftermarket are under the brands ATS, RIAL, ALUTEC, and ANZIO. North America and Europe represent the primary markets for the Company’s products, but it has a diversified global customer base consisting of North American, European, and Asian OEMs. Principles of ConsolidationThe consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions are eliminated in consolidation. Use of EstimatesThe preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts presented and related disclosures. The Company believes that the accounting estimates employed are appropriate and the resulting balances are reasonable. Due to the inherent uncertainty involved in developing estimates, actual results in future periods could differ from the original estimates