Gentherm Inc (THRM) financial statements (2020 and earlier)

Company profile

Business Address 21680 HAGGERTY ROAD
NORTHVILLE, MI 48167-8994
State of Incorp. MI
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50401031771448655
Cash and cash equivalents50401031771448655
Restricted cash and investments3      
Receivables160167185170143136118
Inventory, net of allowances, customer advances and progress billings118113121105847864
Inventory118113121105847864
Derivative instruments and hedges, assets 000 00
Disposal group, including discontinued operation 70     
Other current assets43      
Other undisclosed current assets 545136493532
Total current assets:374443461489421335270
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment1611712001721199279
Long-term investments and receivables   5   
Long-term investments   5   
Intangible assets, net (including goodwill)1141121531097699109
Goodwill65557052283026
Intangible assets, net (excluding goodwill)50568358486883
Derivative instruments and hedges     12
Deferred costs    001
Other noncurrent assets912383681213
Other undisclosed noncurrent assets5865313222197
Total noncurrent assets:354360422354226223212
TOTAL ASSETS:727803883843647558482
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83159167190138140128
Accounts payable83939085777162
Accrued liabilities 6677106616867
Debt33325521
Derivative instruments and hedges, liabilities  11123
Disposal group, including discontinued operation 13     
Deferred tax liabilities     1
Other liabilities67      
Other undisclosed current liabilities5   0  
Total current liabilities:157175171194144148153
Noncurrent Liabilities
Long-term debt and lease obligation, including:78136141169938561
Long-term debt, excluding current maturities78136141169938561
Operating lease, liability7
Other undisclosed long-term debt and lease obligation(7)      
Liabilities, other than long-term debt881415212834
Pension and other postretirement defined benefit plans, liabilities7
Deferred tax liabilities, net168141118
Liability, pension and other postretirement and postemployment benefits8787710
Derivative instruments and hedges, liabilities     79
Other undisclosed noncurrent liabilities12334532
Total noncurrent liabilities:9814815818911911697
Total liabilities:255323330383263264250
Stockholders' equity
Stockholders' equity attributable to parent, including:473480554460384294232
Common stock103140265262257243232
Additional paid in capital     (8)(10)
Accumulated other comprehensive loss(42)(40)(20)(69)(52)(26)(5)
Retained earnings4023642942571808515
Other undisclosed stockholders' equity attributable to parent11151610(1)  
Total stockholders' equity:473480554460384294232
TOTAL LIABILITIES AND EQUITY:727803883843647558482

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9721,038986918856811662
Revenue, net986918856811662
Cost of revenue
(Cost of Goods and Services Sold)
(683)(744)(675)(623)(580)(570)(487)
Gross profit:288295311295276242175
Operating expenses(204)(222)(214)(189)(155)(143)(125)
Operating income:8473971061219850
Nonoperating income (expense)22(23)810(1)
Foreign currency transaction gain (loss), before tax21(23)81(0)(2)
Other nonoperating income (expense)01(0)(0)001
Interest and debt expense     (1) 
Other undisclosed loss from continuing operations before equity method investments, income taxes     (3)(2)
Income from continuing operations before equity method investments, income taxes:8775741141239446
Income from equity method investments     1 
Other undisclosed income (loss) from continuing operations before income taxes(28)(16)(5)(3)6  
Income from continuing operations before income taxes:5958691111299546
Income tax expense(22)(16)(34)(34)(34)(24)(11)
Income before gain (loss) on sale of properties:38423577957135
Other undisclosed net loss     (1) 
Net income:38423577957035
Net loss attributable to noncontrolling interest      (1)
Net income attributable to parent:38423577957034
Other undisclosed net loss available to common stockholders, basic      (2)
Net income available to common stockholders, diluted:38423577957032

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:38423577957035
Other comprehensive income (loss)(3)(19)49(17)(26)(21)4
Comprehensive income:35238459695040
Comprehensive loss, net of tax, attributable to noncontrolling interest      (0)
Comprehensive income, net of tax, attributable to parent:35238459695039

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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