Cooper-Standard Holdings Inc. (CPS) financial statements (2021 and earlier)

Company profile

Business Address 39550 ORCHARD HILL PLACE DRIVE
NOVI, MI 48375
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments360323311262265282440
Cash and cash equivalents360323311262265282440
Restricted cash and investments0000010
Receivables423462459481419463507
Inventory, net of allowances, customer advances and progress billings143179184186176183185
Inventory143179184186176183185
Prepaid expense34333233373737
Contract with customer, asset10412152 
Disposal group, including discontinued operation   3310418 
Assets held-for-sale, not part of disposal group   123 121 
Other current assets947280104109 99
Other undisclosed current assets147159173118126200121
Total current assets:1,2021,2281,2431,3521,2501,3061,389
Noncurrent Assets
Operating lease, right-of-use asset838895 
Property, plant and equipment988962994991984967966
Long-term investments and receivables    44  
Long-term investments    44  
Intangible assets, net (including goodwill)227230233238243275232
Goodwill142142142142144184171
Intangible assets, net (excluding goodwill)848891961009161
Restricted cash and investments   22  
Disposal group, including discontinued operation, noncurrent assets   33  
Other noncurrent assets7813814014276112114
Other undisclosed noncurrent assets57  8720  
Total noncurrent assets:1,4331,4181,4621,4621,3731,3531,312
TOTAL ASSETS:2,6362,6452,7052,8152,6232,6602,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities634605629669644670747
Accounts payable426406415453452452525
Accrued liabilities1201059310899110101
Employee-related liabilities889512010893108121
Deferred revenue000 
Debt6167541691013734
Disposal group, including discontinued operation   1 1 
Contract with customer, liability0 1 
Other undisclosed current liabilities2424261017173 
Total current liabilities:720697709940816782781
Noncurrent Liabilities
Long-term debt and lease obligation, including:746736738738730727723
Operating lease, liability606470 
Other undisclosed long-term debt and lease obligation686672668738730727723
Liabilities, other than long-term debt222228229214217239308
Deferred tax liabilities, net8  
Liability, pension and other postretirement and postemployment benefits188175183177180184231
Other liabilities34534737305677
Other undisclosed noncurrent liabilities71647069   
Total noncurrent liabilities:1,0401,0281,0371,0219479671,031
Total liabilities:1,7601,7251,7461,9611,7641,7491,812
Stockholders' equity
Stockholders' equity attributable to parent856898936824831881858
Common stock0000000
Additional paid in capital490489484499502510501
Accumulated other comprehensive loss(254)(277)(249)(242)(246)(239)(227)
Retained earnings619687702566576610584
Stockholders' equity attributable to noncontrolling interest20222330283030
Total stockholders' equity:876920959854860911888
TOTAL LIABILITIES AND EQUITY:2,6362,6452,7052,8152,6232,6602,700

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues735729765880872862928
Revenue, net928
Cost of revenue
(Cost of Goods and Services Sold)
(661)(659)(667)(762)(760)(742)(777)
Gross profit:747098118112120151
Operating expenses(289)(77)(277)(108)(90)(78)(90)
Other undisclosed operating income (loss)168 380 (89)  
Operating income (loss):(47)(7)2009(68)4262
Nonoperating expense
(Other Nonoperating expense)
(1)(1)(2)(1)(2)(2)(1)
Interest and debt expense(0)(0)(0)    
Income (loss) from continuing operations before equity method investments, income taxes:(48)(8)1988(69)4061
Income from equity method investments1222211
Other undisclosed loss from continuing operations before income taxes(26)(10)(11)(12)(11)(10)(10)
Income (loss) from continuing operations before income taxes:(73)(16)189(1)(78)3152
Income tax expense (benefit)101(44)(2)501(9)
Net income (loss):(63)(16)145(4)(29)3343
Net income (loss) attributable to noncontrolling interest32106(1)(1)
Net income (loss) available to common stockholders, diluted:(60)(14)145(3)(23)3242

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(63)(16)145(4)(29)3343
Other comprehensive income (loss)24(29)(8)5(7)(14)(39)
Comprehensive income (loss):(39)(44)1371(36)195
Comprehensive income (loss), net of tax, attributable to noncontrolling interest231(0)(4)10
Other undisclosed comprehensive income, net of tax, attributable to parent    10  
Comprehensive income (loss), net of tax, attributable to parent:(37)(42)1381(30)205

Statements sources

The financial statements are based on the company's filings with the 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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