Cooper-Standard Holdings Inc. (CPS) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments323265516480378267
Cash and cash equivalents323265516480378267
Restricted cash and investments00    
Receivables462419494461455377
Inventory, net of allowances, customer advances and progress billings179176170146150167
Inventory179176170146150167
Prepaid expense333733373026
Contract with customer, asset015
Disposal group, including discontinued operation 104    
Other current assets72109101817494
Other undisclosed current assets15912611391103124
Total current assets:1,2281,2501,4271,2961,1891,054
Noncurrent Assets
Operating lease, right-of-use asset88
Property, plant and equipment962984952832765716
Long-term investments and receivables 44 43  
Long-term investments 44 43  
Intangible assets, net (including goodwill)230243241249220217
Goodwill142144172167149135
Intangible assets, net (excluding goodwill)8810069817182
Restricted cash and investments 2    
Disposal group, including discontinued operation, noncurrent assets 3    
Other noncurrent assets13876726880104
Other undisclosed noncurrent assets 203444941
Total noncurrent assets:1,4181,3731,2991,1961,1151,079
TOTAL ASSETS:2,6452,6232,7262,4922,3042,133
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities605644792726636492
Accounts payable406452523475401322
Accrued liabilities1059914610610875
Employee-related liabilities959312314512895
Deferred revenue0
Debt6710135334537
Other undisclosed current liabilities2471    
Total current liabilities:697816827759681529
Noncurrent Liabilities
Long-term debt and lease obligation, including:736730723729732749
Operating lease, liability64
Other undisclosed long-term debt and lease obligation672730723729732749
Liabilities, other than long-term debt228217320281276302
Deferred tax liabilities, net810955
Liability, pension and other postretirement and postemployment benefits175180242227229252
Other liabilities533069454145
Other undisclosed noncurrent liabilities64     
Total noncurrent liabilities:1,0289471,0441,0111,0081,051
Total liabilities:1,7251,7641,8711,7701,6891,580
Stockholders' equity
Stockholders' equity attributable to parent898831827697603549
Common stock000000
Additional paid in capital489502513514514493
Accumulated other comprehensive loss(277)(246)(198)(243)(217)(139)
Retained earnings687576511426307195
Stockholders' equity attributable to noncontrolling interest2228292411(0)
Total stockholders' equity:920860855722615549
Other undisclosed liabilities and equity     4
TOTAL LIABILITIES AND EQUITY:2,6452,6232,7262,4922,3042,133

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,2463,6293,6183,4733,3433,296
Revenue, net3,6183,4733,3433,277
Cost of revenue
(Cost of Goods and Services Sold)
(2,849)(3,076)(2,947)(2,808)(2,756)(2,735)
Other undisclosed gross profit     (52)
Gross profit:397554671665587509
Operating expenses(552)(359)(413)(421)(419)(464)
Other operating expense, net   (0)  
Other undisclosed operating income (loss)290(79)  8119
Operating income:135116258244176165
Nonoperating income (expense)(5)(6)(7)(11)10(44)
Foreign currency transaction loss, before tax     (7)
Other nonoperating income (expense)(5)(6)(7)(11)10(37)
Interest and debt expense(1)(1)(1)(5)(39)(87)
Income from continuing operations before equity method investments, income taxes:12910925022814634
Income from equity method investments876866
Other undisclosed income (loss) from continuing operations before income taxes(44)(41)(42)(41)148
Income from continuing operations before income taxes:937521319515388
Income tax expense (benefit)430(75)(54)(41)(43)
Net income:9710513914011245
Net income (loss) attributable to noncontrolling interest83(3)(1)0(3)
Net income available to common stockholders, basic:10510813513911243
Other undisclosed net income available to common stockholders, diluted   00 
Net income available to common stockholders, diluted:10510813513911243

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:9710513914011245
Other comprehensive income (loss)(39)(41)47(27)(78)(112)
Comprehensive income (loss):586318511434(66)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(5)(5)(0)0(3)
Other undisclosed comprehensive income, net of tax, attributable to parent1010    
Comprehensive income (loss), net of tax, attributable to parent:676818011334(69)

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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