Company: CPS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001320461-25-000087
Chunk: 18

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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205,216)$(115,843)$(7,944)$(123,787)

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

6

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) 

(Dollar amounts in thousands)

 Three Months Ended March 31, 20252024Operating activities:Net income (loss)$1,602 $(31,308)Adjustments to reconcile net income (loss) to net cash used in operating activities:Depreciation22,216 24,802 Amortization of intangibles1,612 1,661 Share-based compensation expense2,199 2,700 Equity in losses (earnings) of affiliates, net of dividends related to earnings193 (693)Payment-in-kind interest— 6,787 Deferred income taxes3,929 (317)Other1,257 1,233 Changes in operating assets and liabilities(47,859)(19,064)Net cash used in operating activities(14,851)(14,199)Investing activities:Capital expenditures(17,543)(16,834)Proceeds from sale of businesses2,377 — Other12 165 Net cash used in investing activities(15,154)(16,669)Financing activities:Principal payments on long-term debt(763)(657)Taxes withheld and paid on employees' share-based payment awards(1,678)(549)Other(22)(5)Net cash used in financing activities(2,463)(1,211)Effects of exchange rate changes on cash, cash equivalents and restricted cash2,121 (3,855)Changes in cash, cash equivalents and restricted cash(30,347)(35,934)Cash, cash equivalents and restricted cash at beginning of period178,697 163,061 Cash, cash equivalents and restricted cash at end of period$148,350 $127,127 Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:Balance as ofMarch 31, 2025December 31, 2024Cash and cash equivalents$140,368 $170,035 Restricted cash included in other current assets7,048 7,590 Restricted cash included in other assets934 1,072 Total cash, cash equivalents and restricted cash$148,350 $178,697 

The accompanying notes are