Cooper-Standard Holdings Inc. (CPS) Financial Statements (2024 and earlier)

Company Profile

Business Address 40300 TRADITIONS DRIVE
NORTHVILLE, MI 48168
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments187248438360265516
Cash and cash equivalents187248438360265516
Restricted cash and investments51400 
Receivables372400466423419494
Inventory, net of allowances, customer advances and progress billings158158144143176170
Inventory158158144143176170
Prepaid expense312630343733
Contract with customer, asset, after allowance for credit loss1(0)1115
Disposal group, including discontinued operation     104 
Other current assets1027310094109101
Other undisclosed current assets918877147126113
Total current assets:9469951,2601,2021,2501,427
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   31 
Operating lease, right-of-use asset9511111083
Property, plant and equipment643784892988984952
Long-term investments and receivables     44 
Long-term investments     44 
Intangible assets, net (including goodwill)190203210227243241
Goodwill142142142142144172
Intangible assets, net (excluding goodwill)4860688410069
Restricted cash and investments   1 2 
Disposal group, including discontinued operation, noncurrent assets     3 
Deferred income tax assets 20   
Other noncurrent assets7110674787672
Other undisclosed noncurrent assets  2834572034
Total noncurrent assets:1,0181,2321,3521,4331,3731,299
TOTAL ASSETS:1,9642,2262,6122,6362,6232,726
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities557519609634644792
Employee-related liabilities99691138893123
Accounts payable338348385426452523
Accrued liabilities11910111112099146
Deferred revenue0000
Debt5456416110135
Other undisclosed current liabilities2122222471 
Total current liabilities:632598671720816827
Noncurrent Liabilities
Long-term debt and lease obligation, including:982981983746730723
Other undisclosed long-term debt and lease obligation982888892686730723
Liabilities, other than long-term debt249216235222217320
Deferred tax liabilities, net810
Deferred income tax liabilities 7   
Liability, pension and other postretirement and postemployment benefits129173202188180242
Other liabilities354233343069
Operating lease, liability78939160
Other undisclosed noncurrent liabilities  1019971  
Total noncurrent liabilities:1,2311,2981,3171,0409471,044
Total liabilities:1,8621,8951,9881,7601,7641,871
Equity
Equity, attributable to parent108325607856831827
Common stock000000
Additional paid in capital507504499490502513
Accumulated other comprehensive loss(210)(205)(242)(254)(246)(198)
Retained earnings (accumulated deficit)(190)26350619576511
Equity, attributable to noncontrolling interest(7)617202829
Total equity:101331624876860855
TOTAL LIABILITIES AND EQUITY:1,9642,2262,6122,6362,6232,726

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,5252,3302,3753,1083,6293,618
Revenue, net3,618
Cost of revenue
(Cost of Goods and Services Sold)
(2,396)(2,243)(2,228)(2,749)(3,076)(2,947)
Gross profit:13087148359554671
Operating expenses(191)(272)(318)(372)(359)(413)
Other undisclosed operating income (loss)(44)(24)(99)168(79) 
Operating income (loss):(105)(209)(269)156116258
Nonoperating expense
(Other Nonoperating expense)
(5)(5)(3)(4)(6)(7)
Interest and debt expense(1)(1)(2)(1)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(112)(215)(273)150109250
Income (loss) from equity method investments(9)(2)0776
Other undisclosed loss from continuing operations before income taxes(80)(72)(58)(58)(41)(42)
Income (loss) from continuing operations before income taxes:(201)(289)(330)9875213
Income tax expense (benefit)(17)(39)61(36)30(75)
Income (loss) from continuing operations:(218)(329)(269)62105139
Income (loss) before gain (loss) on sale of properties:(329)(269)62105139
Net income (loss):(218)(329)(269)62105139
Net income (loss) attributable to noncontrolling interest26253(3)
Net income (loss) available to common stockholders, diluted:(215)(323)(268)68108135

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(218)(329)(269)62105139
Other comprehensive income (loss)(4)3713(8)(41)47
Comprehensive income (loss):(222)(292)(256)5463185
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2616(5)(5)
Other undisclosed comprehensive income, net of tax, attributable to parent     10 
Comprehensive income (loss), net of tax, attributable to parent:(220)(286)(256)6068180

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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