Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 24

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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647 Investing activities:Capital expenditures(36,506)(39,014)Proceeds from sale of businesses2,558 — Other— 287 Net cash used in investing activities(33,948)(38,727)Financing activities:Principal payments on long-term debt(2,080)(1,901)Increase (decrease) in short-term debt, net22 (2,356)Debt issuance costs and other fees— (1,921)Taxes withheld and paid on employees' share-based payment awards(1,728)(612)Net cash used in financing activities(3,786)(6,790)Effects of exchange rate changes on cash, cash equivalents and restricted cash6,241 (2,569)Changes in cash, cash equivalents and restricted cash(23,296)(46,439)Cash, cash equivalents and restricted cash at beginning of period178,697 163,061 Cash, cash equivalents and restricted cash at end of period$155,401 $116,622 Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:Balance as ofSeptember 30, 2025December 31, 2024Cash and cash equivalents$147,622 $170,035 Restricted cash included in other current assets5,858 7,590 Restricted cash included in other assets1,921 1,072 Total cash, cash equivalents and restricted cash$155,401 $178,697 

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

7

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)(Dollar amounts in thousands except per share and share amounts)

1. Overview

Basis of PresentationCooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company” or “Cooper Standard”), through its wholly-owned subsidiary, Cooper-Standard Automotive Inc. (“CSA U.S.”), is a leading manufacturer of sealing systems and fluid handling systems (consisting of fuel and brake delivery systems and fluid transfer systems). The Company’s products are primarily designed for passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers (“OEMs”) and replacement markets. Nearly all of the Company’s activities are conducted through its subsidiaries.The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial information and