Commercial Vehicle Group, Inc. (CVGI) financial statements (2022 and earlier)

Company profile

Business Address 7800 WALTON PARKWAY
NEW ALBANY, OH 43054
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 thousands)

12/31/2021
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 investments34,95850,50339,51170,91352,244130,16092,194
Cash and cash equivalents34,95850,50339,51170,91352,244130,16092,194
Receivables174,472151,101115,099134,624108,59597,793130,240
Inventory, net of allowances, customer advances and progress billings141,04591,24782,87292,35999,01571,05475,658
Inventory141,04591,24782,87292,35999,01571,05475,658
Other current assets20,20117,68618,49016,82814,7929,94110,185
Total current assets:370,676310,537255,972314,724274,646308,948308,277
Noncurrent Assets
Operating lease, right-of-use asset26,11630,04734,960
Property, plant and equipment63,12662,77673,68665,09964,63066,04170,961
Intangible assets, net (including goodwill)18,28321,80453,07420,37622,59323,21424,780
Goodwill  27,8167,5768,0457,7037,834
Intangible assets, net (excluding goodwill)18,28321,80425,25812,80014,54815,51116,946
Deferred income tax assets24,10825,98114,654
Other noncurrent assets5,3843,2283,4802,5832,2461,9757,408
Deferred tax assets, net14,60020,23328,58725,253
Other undisclosed noncurrent assets   74840  
Total noncurrent assets:137,017143,836179,854103,406109,742119,817128,402
TOTAL ASSETS:507,693454,373435,826418,130384,388428,765436,679
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities133,670140,45586,481115,572113,46290,368107,538
Accounts payable101,915112,40263,05886,64586,60860,55666,657
Accrued liabilities8,68710,82411,22910,75910,24015,48517,633
Employee-related liabilities16,67713,1729,68112,89312,90410,43516,864
Taxes payable6,3914,0572,5135,2753,564 2,343
Interest and dividends payable    1463,8924,041
Debt9,56929311,2309,1023,191  
Restructuring reserve 6792,324 432,271 
Business combination, contingent consideration, liability4,4094,870     
Deferred revenue and credits  818
Other undisclosed current liabilities14,48218,5906,5728,0427,04713,6166,497
Total current liabilities:162,130164,887106,607132,716123,743106,255114,853
Noncurrent Liabilities
Long-term debt and lease obligation204,100168,079182,542154,656163,758233,154235,000
Long-term debt, excluding current maturities185,581144,147153,128154,656163,758233,154235,000
Operating lease, liability18,51923,93229,414
Liabilities, other than long-term debt14,81026,03717,98915,72022,14521,66620,896
Liability, pension and other postretirement and postemployment benefits9,90515,29610,66612,06515,45018,93817,233
Other liabilities4,90510,7417,3233,6556,6952,7283,663
Total noncurrent liabilities:218,910194,116200,531170,376185,903254,820255,896
Total liabilities:381,040359,003307,138303,092309,646361,075370,749
Stockholders' equity
Stockholders' equity attributable to parent126,65395,370128,688115,03874,74267,69065,930
Common stock321313323318304299294
Treasury stock, value(13,172)(11,893)(11,230)(10,245)(9,114)(7,753)(7,039)
Additional paid in capital255,566249,312245,852243,007239,870237,367234,760
Accumulated other comprehensive loss(42,438)(45,006)(45,950)(47,471)(41,235)(48,845)(39,654)
Accumulated deficit(73,624)(97,356)(60,307)(70,571)(115,083)(113,378)(122,431)
Total stockholders' equity:126,65395,370128,688115,03874,74267,69065,930
TOTAL LIABILITIES AND EQUITY:507,693454,373435,826418,130384,388428,765436,679

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues971,578717,699901,238897,737755,231662,112825,341
Cost of revenue(852,591)(643,623)(796,101)(768,885)(662,666)(574,882)(714,519)
Gross profit:118,98774,076105,137128,85292,56587,230110,822
Operating expenses(69,406)(97,245)(64,501)(61,979)(61,120)(61,847)(72,796)
Operating income (loss):49,581(23,169)40,63666,87331,44525,38338,026
Nonoperating income (expense)878(728)(4,725)1,3111,349769152
Net periodic defined benefits expense (reversal of expense), excluding service cost component  (2,500) 
Other nonoperating income (expense)878(728)(2,225)1,3111,349769152
Interest and debt expense(18,334)(20,603)(16,855)(14,676)(19,149)(19,318)(21,359)
Other undisclosed income from continuing operations before equity method investments, income taxes  2,500    
Income (loss) from continuing operations before income taxes:32,125(44,500)21,55653,50813,6456,83416,819
Income tax expense (benefit)(8,393)7,451(5,778)(8,996)(15,350)(49)(9,758)
Net income (loss):23,732(37,049)15,77844,512(1,705)6,7857,061
Net loss attributable to noncontrolling interest      (1)
Net income (loss) available to common stockholders, diluted:23,732(37,049)15,77844,512(1,705)6,7857,060

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):23,732(37,049)15,77844,512(1,705)6,7857,061
Other comprehensive income (loss)3,775  (6,236)7,610(9,191)(2,366)
Comprehensive income (loss):27,507(37,049)15,77838,2765,905(2,406)4,695
Comprehensive income, net of tax, attributable to noncontrolling interest      35
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,207)9441,521    
Comprehensive income (loss), net of tax, attributable to parent:26,300(36,105)17,29938,2765,905(2,406)4,730

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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