Commercial Vehicle Group, Inc. (CVGI) Financial Statements (2024 and earlier)

Company Profile

Business Address 7800 WALTON PARKWAY
NEW ALBANY, OH 43054
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,82534,95850,50339,51170,91352,244
Cash and cash equivalents31,82534,95850,50339,51170,91352,244
Receivables152,626174,472151,101115,099134,624108,595
Inventory, net of allowances, customer advances and progress billings142,542141,04591,24782,87292,35999,015
Inventory142,542141,04591,24782,87292,35999,015
Other current assets12,58220,20117,68618,49016,82814,792
Total current assets:339,575370,676310,537255,972314,724274,646
Noncurrent Assets
Operating lease, right-of-use asset 26,37226,11630,04734,960
Property, plant and equipment67,80563,12662,77673,68665,09964,630
Intangible assets, net (including goodwill)14,62018,28321,80453,07420,37622,593
Goodwill    27,8167,5768,045
Intangible assets, net (excluding goodwill)14,62018,28321,80425,25812,80014,548
Deferred income tax assets12,27524,10825,98114,654
Other noncurrent assets9,6215,3843,2283,4802,5832,246
Deferred tax assets, net14,60020,233
Other undisclosed noncurrent assets     74840
Total noncurrent assets:130,693137,017143,836179,854103,406109,742
TOTAL ASSETS:470,268507,693454,373435,826418,130384,388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities151,821133,670140,45586,481115,572113,462
Interest and dividends payable    146
Taxes payable6,3914,0572,5135,2753,564
Employee-related liabilities16,67713,1729,68112,89312,904
Accounts payable122,091101,915112,40263,05886,64586,608
Accrued liabilities29,7308,68710,82411,22910,75910,240
Debt11,0699,56929311,2309,1023,191
Restructuring reserve   6792,324 43
Business combination, contingent consideration, liability  4,4094,870   
Other undisclosed current liabilities12,94814,48218,5906,5728,0427,047
Total current liabilities:175,838162,130164,887106,607132,716123,743
Noncurrent Liabilities
Long-term debt and lease obligation141,499204,100168,079182,542154,656163,758
Long-term debt, excluding current maturities141,499185,581144,147153,128154,656163,758
Liabilities, other than long-term debt32,89114,81026,03717,98915,72022,145
Liability, pension and other postretirement and postemployment benefits8,4289,90515,29610,66612,06515,450
Other liabilities5,0414,90510,7417,3233,6556,695
Operating lease, liability 19,42218,51923,93229,414
Total noncurrent liabilities:174,390218,910194,116200,531170,376185,903
Total liabilities:350,228381,040359,003307,138303,092309,646
Equity
Equity, attributable to parent120,040126,65395,370128,688115,03874,742
Common stock328321313323318304
Treasury stock, value(14,514)(13,172)(11,893)(11,230)(10,245)(9,114)
Additional paid in capital261,371255,566249,312245,852243,007239,870
Accumulated other comprehensive loss(31,550)(42,438)(45,006)(45,950)(47,471)(41,235)
Accumulated deficit(95,595)(73,624)(97,356)(60,307)(70,571)(115,083)
Total equity:120,040126,65395,370128,688115,03874,742
TOTAL LIABILITIES AND EQUITY:470,268507,693454,373435,826418,130384,388

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues981,553971,578717,699901,238897,737755,231
Cost of revenue(895,048)(852,591)(643,623)(796,101)(768,885)(662,666)
Gross profit:86,505118,98774,076105,137128,85292,565
Operating expenses(66,361)(69,406)(97,245)(64,501)(61,979)(61,120)
Operating income (loss):20,14449,581(23,169)40,63666,87331,445
Nonoperating income (expense)(10,463)878(728)(4,725)1,3111,349
Net periodic defined benefits expense (reversal of expense), excluding service cost component    (2,500) 
Other nonoperating income (expense)(10,463)878(728)(2,225)1,3111,349
Interest and debt expense(10,748)(18,334)(20,603)(16,855)(14,676)(19,149)
Other undisclosed income from continuing operations before equity method investments, income taxes    2,500  
Income (loss) from continuing operations before income taxes:(1,067)32,125(44,500)21,55653,50813,645
Income tax expense (benefit)(20,904)(8,393)7,451(5,778)(8,996)(15,350)
Income (loss) from continuing operations:(21,971)23,732(37,049)15,77844,512(1,705)
Income (loss) before gain (loss) on sale of properties:23,732(37,049)15,77844,512(1,705)
Net income (loss) available to common stockholders, diluted:(21,971)23,732(37,049)15,77844,512(1,705)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(21,971)23,732(37,049)15,77844,512(1,705)
Other comprehensive income (loss)15,2573,775  (6,236)7,610
Comprehensive income (loss):(6,714)27,507(37,049)15,77838,2765,905
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,369)(1,207)9441,521  
Comprehensive income (loss), net of tax, attributable to parent:(11,083)26,300(36,105)17,29938,2765,905

Statements Sources

The financial statements are based on the Company's filings with 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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