GENTHERM Inc
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
THRM$29.78-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Balance Sheets
(In thousands, except share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $125,107 | $149,673 |
| Accounts receivable, net | 265,149 | 253,579 |
| Inventory: | ||
| Raw materials | 134,463 | 126,013 |
| Work in process | 18,611 | 15,704 |
| Finished goods | 66,510 | 64,175 |
| Inventory, net | 219,584 | 205,892 |
| Other current assets | 90,592 | 78,420 |
| Total current assets | 700,432 | 687,564 |
| Property and equipment, net | 241,798 | 245,234 |
| Goodwill | 102,194 | 104,073 |
| Other intangible assets, net | 63,165 | 66,482 |
| Operating lease right-of-use assets | 34,631 | 27,358 |
| Deferred income tax assets | 81,395 | 81,930 |
| Other non-current assets | 29,095 | 21,730 |
| Total assets | $1,252,710 | $1,234,371 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $226,190 | $215,827 |
| Current lease liabilities | 7,642 | 7,700 |
| Current maturities of long-term debt | 324 | 621 |
| Other current liabilities | 98,939 | 100,805 |
| Total current liabilities | 333,095 | 324,953 |
| Long-term debt, less current maturities | 222,173 | 222,217 |
| Non-current lease liabilities | 23,126 | 16,175 |
| Pension benefit obligation | 2,768 | 3,209 |
| Other non-current liabilities | 24,489 | 23,095 |
| Total liabilities | $605,651 | $589,649 |
| Shareholders’ equity: | ||
| Common Stock: | ||
| No par value; 55,000,000 shares authorized 31,629,224 and 31,542,001 issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 53,269 | 50,503 |
| Paid-in capital | — | — |
| Accumulated other comprehensive loss | (45,195) | (30,160) |
| Accumulated earnings | 638,985 | 624,379 |
| Total shareholders’ equity | 647,059 | 644,722 |
| Total liabilities and shareholders’ equity | $1,252,710 | $1,234,371 |
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