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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments438360265516480378
Cash and cash equivalents438360265516480378
Restricted cash and investments400   
Receivables466423419494461455
Inventory, net of allowances, customer advances and progress billings144143176170146150
Inventory144143176170146150
Prepaid expense303437333730
Contract with customer, asset1115
Disposal group, including discontinued operation  104   
Other current assets100941091018174
Other undisclosed current assets7714712611391103
Total current assets:1,2601,2021,2501,4271,2961,189
Noncurrent Assets
Finance lease, right-of-use asset31 
Operating lease, right-of-use asset11083
Property, plant and equipment892988984952832765
Long-term investments and receivables  44 43 
Long-term investments  44 43 
Intangible assets, net (including goodwill)210227243241249220
Goodwill142142144172167149
Intangible assets, net (excluding goodwill)6884100698171
Restricted cash and investments1 2   
Disposal group, including discontinued operation, noncurrent assets  3   
Other noncurrent assets747876726880
Other undisclosed noncurrent assets34572034449
Total noncurrent assets:1,3521,4331,3731,2991,1961,115
TOTAL ASSETS:2,6122,6362,6232,7262,4922,304
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities609634644792726636
Accounts payable385426452523475401
Accrued liabilities11112099146106108
Employee-related liabilities1138893123145128
Deferred revenue00
Debt4161101353345
Other undisclosed current liabilities222471   
Total current liabilities:671720816827759681
Noncurrent Liabilities
Long-term debt and lease obligation, including:983746730723729732
Operating lease, liability9160
Other undisclosed long-term debt and lease obligation892686730723729732
Liabilities, other than long-term debt235222217320281276
Deferred tax liabilities, net81095
Liability, pension and other postretirement and postemployment benefits202188180242227229
Other liabilities333430694541
Other undisclosed noncurrent liabilities9971    
Total noncurrent liabilities:1,3171,0409471,0441,0111,008
Total liabilities:1,9881,7601,7641,8711,7701,689
Stockholders' equity
Stockholders' equity attributable to parent607856831827697603
Common stock000000
Additional paid in capital499490502513514514
Accumulated other comprehensive loss(242)(254)(246)(198)(243)(217)
Retained earnings350619576511426307
Stockholders' equity attributable to noncontrolling interest172028292411
Total stockholders' equity:624876860855722615
TOTAL LIABILITIES AND EQUITY:2,6122,6362,6232,7262,4922,304

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,3753,1083,6293,6183,4733,343
Revenue, net3,6183,4733,343
Cost of revenue
(Cost of Goods and Services Sold)
(2,228)(2,749)(3,076)(2,947)(2,808)(2,756)
Gross profit:148359554671665587
Operating expenses(318)(372)(359)(413)(421)(419)
Other operating expense, net    (0) 
Other undisclosed operating income (loss)(99)168(79)  8
Operating income (loss):(269)156116258244176
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3)(4)(6)(7)(11)10
Interest and debt expense(2)(1)(1)(1)(5)(39)
Income (loss) from continuing operations before equity method investments, income taxes:(273)150109250228146
Income from equity method investments077686
Other undisclosed income (loss) from continuing operations before income taxes(58)(58)(41)(42)(41)1
Income (loss) from continuing operations before income taxes:(330)9875213195153
Income tax expense (benefit)61(36)30(75)(54)(41)
Net income (loss):(269)62105139140112
Net income (loss) attributable to noncontrolling interest253(3)(1)0
Net income (loss) available to common stockholders, basic:(268)68108135139112
Other undisclosed net income available to common stockholders, diluted    00
Net income (loss) available to common stockholders, diluted:(268)68108135139112

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(269)62105139140112
Other comprehensive income (loss)13(8)(41)47(27)(78)
Comprehensive income (loss):(256)546318511434
Comprehensive income (loss), net of tax, attributable to noncontrolling interest16(5)(5)(0)0
Other undisclosed comprehensive income, net of tax, attributable to parent  10   
Comprehensive income (loss), net of tax, attributable to parent:(256)606818011334

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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