Commercial Vehicle Group, Inc. (CVGI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
7800 WALTON PARKWAY NEW ALBANY, OH 43054 |
| 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 thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 46,293 | 42,441 | 41,484 | 31,825 | 38,713 | 28,500 | |||
| Cash and cash equivalents | 46,293 | 42,441 | 41,484 | 31,825 | 38,713 | 28,500 | |||
| Receivables | 159,863 | 173,461 | 171,878 | 152,626 | 178,340 | 219,312 | |||
| Inventory, net of allowances, customer advances and progress billings | 128,192 | 131,695 | 139,553 | 142,542 | 150,347 | 150,025 | |||
| Inventory | 128,192 | 131,695 | 139,553 | 142,542 | 150,347 | 150,025 | |||
| Other current assets | 29,892 | 22,180 | 20,112 | 12,582 | 15,788 | 19,066 | |||
| Total current assets: | 364,240 | 369,777 | 373,027 | 339,575 | 383,188 | 416,903 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 26,372 | ||||||||
| Property, plant and equipment | 71,554 | 70,371 | 68,939 | 67,805 | 64,755 | 65,275 | |||
| Intangible assets, net (including goodwill) | 12,041 | 12,924 | 13,791 | 14,620 | 15,468 | 16,416 | |||
| Intangible assets, net (excluding goodwill) | 12,041 | 12,924 | 13,791 | 14,620 | 15,468 | 16,416 | |||
| Deferred income tax assets | 11,181 | 11,004 | 10,996 | 12,275 | 24,381 | 24,470 | |||
| Other noncurrent assets | 37,026 | 36,414 | 31,087 | 9,621 | 33,658 | 33,508 | |||
| Total noncurrent assets: | 131,802 | 130,713 | 124,813 | 130,693 | 138,262 | 139,669 | |||
| TOTAL ASSETS: | 496,042 | 500,490 | 497,840 | 470,268 | 521,450 | 556,572 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 146,548 | 147,834 | 153,963 | 151,821 | 169,731 | 188,005 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 5,730 | 9,053 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 14,622 | 17,040 | ||
| Accounts payable | 105,110 | 106,310 | 119,057 | 122,091 | 121,350 | 125,450 | |||
| Accrued liabilities | 41,438 | 41,524 | 34,906 | 29,730 | 28,029 | 36,462 | |||
| Deferred revenue | 1,401 | 4,071 | |||||||
| Debt | 18,448 | 17,390 | 16,517 | 11,069 | 9,844 | 8,750 | |||
| Business combination, contingent consideration, liability | 4,750 | 4,647 | |||||||
| Other undisclosed current liabilities | 11,444 | 13,026 | 12,316 | 12,948 | (6,086) | (12,936) | |||
| Total current liabilities: | 176,440 | 178,250 | 182,796 | 175,838 | 179,640 | 192,537 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 135,573 | 143,943 | 149,221 | 141,499 | 174,490 | 197,157 | |||
| Long-term debt, excluding current maturities | 135,573 | 143,943 | 149,221 | 141,499 | 174,490 | 197,157 | |||
| Liabilities, other than long-term debt | 37,475 | 34,537 | 32,034 | 32,891 | 31,559 | 33,424 | |||
| Liability, pension and other postretirement and postemployment benefits | 9,325 | 8,780 | 8,470 | 8,428 | 7,704 | 7,043 | |||
| Other liabilities | 28,150 | 25,757 | 23,564 | 5,041 | 23,855 | 26,381 | |||
| Operating lease, liability | 19,422 | ||||||||
| Total noncurrent liabilities: | 173,048 | 178,480 | 181,255 | 174,390 | 206,049 | 230,581 | |||
| Total liabilities: | 349,488 | 356,730 | 364,051 | 350,228 | 385,689 | 423,118 | |||
| Equity | |||||||||
| Equity, attributable to parent | 146,554 | 143,760 | 133,789 | 120,040 | 135,761 | 133,454 | |||
| Common stock | 330 | 330 | 330 | 328 | 326 | 325 | |||
| Treasury stock, value | (15,322) | (15,302) | (15,278) | (14,514) | (14,138) | (14,084) | |||
| Additional paid in capital | 263,641 | 262,897 | 263,142 | 261,371 | 260,210 | 258,384 | |||
| Accumulated other comprehensive loss | (32,630) | (27,410) | (27,510) | (31,550) | (47,031) | (44,014) | |||
| Accumulated deficit | (69,465) | (76,755) | (86,895) | (95,595) | (63,606) | (67,157) | |||
| Total equity: | 146,554 | 143,760 | 133,789 | 120,040 | 135,761 | 133,454 | |||
| TOTAL LIABILITIES AND EQUITY: | 496,042 | 500,490 | 497,840 | 470,268 | 521,450 | 556,572 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 246,687 | 262,194 | 262,709 | 234,918 | 251,412 | 250,849 | ||
| Cost of revenue | (212,763) | (223,793) | (227,500) | (222,517) | (224,570) | (228,970) | ||
| Gross profit: | 33,924 | 38,401 | 35,209 | 12,401 | 26,842 | 21,879 | ||
| Operating expenses | (21,476) | (22,457) | (20,565) | (16,406) | (17,304) | (15,652) | ||
| Operating income (loss): | 12,448 | 15,944 | 14,644 | (4,005) | 9,538 | 6,227 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (383) | (307) | 202 | (7,665) | (1,924) | 167 | ||
| Interest and debt expense | (2,614) | (2,804) | (2,890) | (2,935) | (2,813) | (3,039) | ||
| Income (loss) from continuing operations before income taxes: | 9,451 | 12,833 | 11,956 | (14,605) | 4,801 | 3,355 | ||
| Income tax expense (benefit) | (2,161) | (2,693) | (3,256) | (17,384) | (1,250) | (870) | ||
| Income (loss) from continuing operations: | 7,290 | 10,140 | 8,700 | (31,989) | 3,551 | 2,485 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 3,551 | 2,485 | |
| Net income (loss) available to common stockholders, diluted: | 7,290 | 10,140 | 8,700 | (31,989) | 3,551 | 2,485 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7,290 | 10,140 | 8,700 | (31,989) | 3,551 | 2,485 | ||
| Other comprehensive income (loss) | (4,351) | (1,198) | 2,697 | 23,861 | (4,855) | (4,047) | ||
| Comprehensive income (loss): | 2,939 | 8,942 | 11,397 | (8,128) | (1,304) | (1,562) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (869) | 1,298 | 1,343 | (8,380) | 1,838 | (641) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,070 | 10,240 | 12,740 | (16,508) | 534 | (2,203) | ||
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.