GENTHERM Inc
For the period ended Sep 30, 2024. Filed Oct 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.
Sep 30, 2024 · Filed Oct 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)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $150,581 | $149,673 |
| Accounts receivable, net | 270,913 | 253,579 |
| Inventory: | ||
| Raw materials | 141,547 | 126,013 |
| Work in process | 20,116 | 15,704 |
| Finished goods | 72,083 | 64,175 |
| Inventory, net | 233,746 | 205,892 |
| Other current assets | 81,711 | 78,420 |
| Total current assets | 736,951 | 687,564 |
| Property and equipment, net | 253,531 | 245,234 |
| Goodwill | 104,839 | 104,073 |
| Other intangible assets, net | 61,067 | 66,482 |
| Operating lease right-of-use assets | 29,366 | 27,358 |
| Deferred income tax assets | 81,923 | 81,930 |
| Other non-current assets | 30,502 | 21,730 |
| Total assets | $1,298,179 | $1,234,371 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $254,555 | $215,827 |
| Current lease liabilities | 7,038 | 7,700 |
| Current maturities of long-term debt | 210 | 621 |
| Other current liabilities | 103,647 | 100,805 |
| Total current liabilities | 365,450 | 324,953 |
| Long-term debt, less current maturities | 222,104 | 222,217 |
| Non-current lease liabilities | 21,929 | 16,175 |
| Pension benefit obligation | 2,805 | 3,209 |
| Other non-current liabilities | 25,182 | 23,095 |
| Total liabilities | $637,470 | $589,649 |
| Shareholders’ equity: | ||
| Common Stock: | ||
| No par value; 55,000,000 shares authorized 30,976,821 and 31,542,001 issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 10,698 | 50,503 |
| Paid-in capital | 4,552 | — |
| Accumulated other comprehensive loss | (35,021) | (30,160) |
| Accumulated earnings | 680,480 | 624,379 |
| Total shareholders’ equity | 660,709 | 644,722 |
| Total liabilities and shareholders’ equity | $1,298,179 | $1,234,371 |
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