Gentherm Inc (THRM) financial statements (2021 and earlier)

Company profile

Business Address 21680 HAGGERTY ROAD
NORTHVILLE, MI 48167-8994
State of Incorp. MI
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments268504010317714486
Cash and cash equivalents268504010317714486
Restricted cash and investments 3     
Receivables212160167185170143136
Inventory, net of allowances, customer advances and progress billings1221181131211058478
Inventory1221181131211058478
Derivative instruments and hedges, assets  000 0
Disposal group, including discontinued operation  70    
Other current assets4143     
Other undisclosed current assets  5451364935
Total current assets:644374443461489421335
Noncurrent Assets
Operating lease, right-of-use asset3112
Property, plant and equipment15316117120017211992
Long-term investments and receivables    5  
Long-term investments    5  
Intangible assets, net (including goodwill)1141141121531097699
Goodwill68655570522830
Intangible assets, net (excluding goodwill)46505683584868
Derivative instruments and hedges      1
Deferred costs     00
Deferred income tax assets74 
Other noncurrent assets89123836812
Other undisclosed noncurrent assets 586531322219
Total noncurrent assets:379354360422354226223
TOTAL ASSETS:1,023727803883843647558
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11683159167190138140
Accounts payable116839390857771
Accrued liabilities  66771066168
Debt3333255
Derivative instruments and hedges, liabilities   1112
Disposal group, including discontinued operation  13    
Other liabilities8167     
Other undisclosed current liabilities65   0 
Total current liabilities:206157175171194144148
Noncurrent Liabilities
Long-term debt and lease obligation, including:190781361411699385
Long-term debt, excluding current maturities190781361411699385
Operating lease, liability247
Other undisclosed long-term debt and lease obligation(24)(7)     
Liabilities, other than long-term debt88814152128
Deferred tax liabilities, net1681411
Liability, pension and other postretirement and postemployment benefits88787710
Derivative instruments and hedges, liabilities      7
Other undisclosed noncurrent liabilities321233453
Total noncurrent liabilities:23198148158189119116
Total liabilities:437255323330383263264
Stockholders' equity
Stockholders' equity attributable to parent, including:586473480554460384294
Common stock121103140265262257243
Additional paid in capital      (8)
Accumulated other comprehensive loss(15)(42)(40)(20)(69)(52)(26)
Retained earnings47340236429425718085
Other undisclosed stockholders' equity attributable to parent711151610(1) 
Total stockholders' equity:586473480554460384294
TOTAL LIABILITIES AND EQUITY:1,023727803883843647558

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9139721,038986918856811
Revenue, net986918856811
Cost of revenue
(Cost of Goods and Services Sold)
(645)(683)(744)(675)(623)(580)(570)
Gross profit:268288295311295276242
Operating expenses(179)(204)(222)(214)(189)(155)(143)
Operating income:8984739710612198
Nonoperating income (expense)(3)22(23)810
Foreign currency transaction gain (loss), before tax(5)21(23)81(0)
Other nonoperating income (expense)201(0)(0)00
Interest and debt expense      (1)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (3)
Income from continuing operations before equity method investments, income taxes:8687757411412394
Income from equity method investments      1
Other undisclosed income (loss) from continuing operations before income taxes(5)(28)(16)(5)(3)6 
Income from continuing operations before income taxes:8259586911112995
Income tax expense(22)(22)(16)(34)(34)(34)(24)
Income before gain (loss) on sale of properties:60384235779571
Other undisclosed net loss      (1)
Net income available to common stockholders, diluted:60384235779570

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:60384235779570
Other comprehensive income (loss)27(3)(19)49(17)(26)(21)
Comprehensive income, net of tax, attributable to parent:87352384596950

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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