Cooper-Standard Holdings Inc. (CPS) financial statements (2022 and earlier)

Company profile

Business Address 40300 TRADITIONS DRIVE
NORTHVILLE, MI 48168
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments248438360265516480
Cash and cash equivalents248438360265516480
Restricted cash and investments1400  
Receivables400466423419494461
Inventory, net of allowances, customer advances and progress billings158144143176170146
Inventory158144143176170146
Prepaid expense263034373337
Contract with customer, asset(0)1115
Disposal group, including discontinued operation   104  
Other current assets731009410910181
Other undisclosed current assets887714712611391
Total current assets:9951,2601,2021,2501,4271,296
Noncurrent Assets
Finance lease, right-of-use asset 31 
Operating lease, right-of-use asset11111083
Property, plant and equipment784892988984952832
Long-term investments and receivables   44 43
Long-term investments   44 43
Intangible assets, net (including goodwill)203210227243241249
Goodwill142142142144172167
Intangible assets, net (excluding goodwill)6068841006981
Restricted cash and investments 1 2  
Disposal group, including discontinued operation, noncurrent assets   3  
Other noncurrent assets1067478767268
Other undisclosed noncurrent assets28345720344
Total noncurrent assets:1,2321,3521,4331,3731,2991,196
TOTAL ASSETS:2,2262,6122,6362,6232,7262,492
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities519609634644792726
Accounts payable348385426452523475
Accrued liabilities10111112099146106
Employee-related liabilities691138893123145
Deferred revenue000
Debt5641611013533
Other undisclosed current liabilities22222471  
Total current liabilities:598671720816827759
Noncurrent Liabilities
Long-term debt and lease obligation, including:981983746730723729
Operating lease, liability939160
Other undisclosed long-term debt and lease obligation888892686730723729
Liabilities, other than long-term debt216235222217320281
Deferred tax liabilities, net8109
Liability, pension and other postretirement and postemployment benefits173202188180242227
Other liabilities423334306945
Other undisclosed noncurrent liabilities1019971   
Total noncurrent liabilities:1,2981,3171,0409471,0441,011
Total liabilities:1,8951,9881,7601,7641,8711,770
Stockholders' equity
Stockholders' equity attributable to parent325607856831827697
Common stock000000
Additional paid in capital504499490502513514
Accumulated other comprehensive loss(205)(242)(254)(246)(198)(243)
Retained earnings26350619576511426
Stockholders' equity attributable to noncontrolling interest61720282924
Total stockholders' equity:331624876860855722
TOTAL LIABILITIES AND EQUITY:2,2262,6122,6362,6232,7262,492

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,3302,3753,1083,6293,6183,473
Revenue, net3,6183,473
Cost of revenue
(Cost of Goods and Services Sold)
(2,243)(2,228)(2,749)(3,076)(2,947)(2,808)
Gross profit:87148359554671665
Operating expenses(272)(318)(372)(359)(413)(421)
Other operating expense, net     (0)
Other undisclosed operating income (loss)(24)(99)168(79)  
Operating income (loss):(209)(269)156116258244
Nonoperating expense
(Other Nonoperating expense)
(5)(3)(4)(6)(7)(11)
Interest and debt expense(1)(2)(1)(1)(1)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(215)(273)150109250228
Income (loss) from equity method investments(2)07768
Other undisclosed loss from continuing operations before income taxes(72)(58)(58)(41)(42)(41)
Income (loss) from continuing operations before income taxes:(289)(330)9875213195
Income tax expense (benefit)(39)61(36)30(75)(54)
Net income (loss):(329)(269)62105139140
Net income (loss) attributable to noncontrolling interest6253(3)(1)
Net income (loss) available to common stockholders, basic:(323)(268)68108135139
Other undisclosed net income available to common stockholders, diluted     0
Net income (loss) available to common stockholders, diluted:(323)(268)68108135139

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(329)(269)62105139140
Other comprehensive income (loss)3713(8)(41)47(27)
Comprehensive income (loss):(292)(256)5463185114
Comprehensive income (loss), net of tax, attributable to noncontrolling interest616(5)(5)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent   10  
Comprehensive income (loss), net of tax, attributable to parent:(286)(256)6068180113

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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